Frontier Wealth Management, LLC (Kansas City)

Frontier Wealth Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Frontier Wealth Management: assets under management

The assets under management (AUM) of Frontier Wealth Management, LLC is $2.23 billion. The firm's AUM has grown by 2515% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.72 billion in discretionary accounts and $503.16 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $375.64 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $607.68 thousand.

Frontier Wealth Management has custody of $6.23 million in cash and securities for 26 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 52% of the total AUM. The second-largest asset type is exchange traded securities, which make up 35% of the firm’s portfolio. Investments in cash and cash equivalents form 7% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Frontier Wealth Management, LLC for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Cory Lynn Lagerstrom serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Cory Lynn Lagerstrom is high net worth individuals with 412 clients and $1.4 billion of assets under management. Among the 7 most similar advisory firms, Frontier Wealth Management has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $2.23 billion for 1,611 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Frontier Wealth Management also advises several private funds. Namely, three private equity funds. The minimum investment commitment required of non-related persons ranges from $25,000 to $100,000.

Careers at Frontier Wealth Management, LLC

The company employs 45 people that are either part- or full-time employees. 58 percent of the employees work as investment advisers or researchers. 26 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Cory Lynn Lagerstrom has been acting as President since 1 Jun 2007. Llc Fwe Equity joined the executive team most recently as the Equity Investor.

Direct owners and executive officers

Indirect Owners

The SEC currently registers 8 indirect owners.

Based in Kansas City

The principal office where Frontier Wealth Management, LLC performs its advisory services is located at 4435 Main Street, Kansas City, MO 64111, which is also the mailing address of the firm. An additional office of the firm is in Albany, GA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 816-753-5100 or by fax 816-753-5101. The normal business hours are 8:00 a.m. - 5:00 p.m. (cst) on Monday - Friday. You can find more information about the New York firm at frontierwealth.com.

Registered investment advisers similar to Frontier Wealth Management, LLC

• Inverness Counsel
• David Vaughan Investments
• Rsw Investments
• Equity Investment Corporation
• Iwc Investment Partners A/S
• Gcp Investment Advisor
• Lmm
• Solamere Capital
• Constitution Capital Equity Partners
• Assante Asset Management
• Dld Asset Management
• Csfb Private Equity Advisers
• Dalton, Greiner, Hartman, Maher &
• Executive Monetary Management
• Starr Principal Holdings