Syverson Strege & Company (West Des Moines)

Name: Syverson Strege & Company
Address: 4125 Westown Parkway, West Des Moines, IA, 50266
Telephone: 515-225-6000

Syverson Strege & Company is a large advisory firm based in West Des Moines. It manages $432.99 million of regulatory assets for 1,546 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdictions of Florida, Illinois, Iowa, and 5 other states.

Syverson Strege & Company provides financial planning services, portfolio management for individuals and small businesses, selection of other advisers, and selection of other advisers through third party. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Syverson Strege & Company: assets under management

The assets under management (AUM) of Syverson Strege & Company is $432.99 million. The firm's AUM has grown by 117% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $342.55 million in discretionary accounts and $90.45 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $238.38 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $829.79 thousand.

Syverson Strege & Company has custody of $254.87 million in cash and securities for 334 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 71% of the total AUM. The second-largest asset type is state and local bonds, which make up 10% of the firm’s portfolio. Investments in exchange traded securities form 9% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Syverson Strege & Company for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Blake W Mckibbin serves?

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Blake W Mckibbin is high net worth individuals with 216 clients and $376.66 million of assets under management. Among the 6 most similar advisory firms, Syverson Strege & Company has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $428.64 million for 442 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Syverson Strege & Company doesn't advise any private funds.

Careers at Syverson Strege & Company

The company employs 12 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 9 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Blake W Mckibbin has been acting as President since 1 Oct 2017. David Glenn Strege joined the executive team most recently as the Chairman, Secretary, Chief Compliance Officer, Senior Fee Only Financial Planner.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Johnne David Syverson	President, chairman, senior fee-only financial planner	1 Sep 1997	25% - 50%	1022800
David Glenn Strege	Secretary, treasurer, chief compliance officer, senior fee-only financial planner	1 Sep 1997	25% - 50%	1045849
David Glenn Strege	Chief compliance officer, secretary, treasurer, senior wealth coach	1 Jan 2005	25% - 50%	1045849
Lorinda Lee Junker Roth	Chief compliance officer	1 Aug 2007	Other	1291552
Values Based Holding Corporation	Holding company	1 Jan 2010	75% - 100%	27-1568215
Johnne David Syverson	Board member	1 Jan 2010	Other	1022800
Brian Matthew Mckibban	Vice president, senior fee-only financial planner	1 Jun 2014	Other	5400733
Lance David Gunkel	Coo, senior analyst	1 Jun 2014	Other	4231652
Brian Matthew Mckibban	Former employee	1 Feb 2016	Other	5400733
David Glenn Strege	Chairman, secretary, chief compliance officer, senior fee-only financial planner	1 Jan 2017	Other	1045849
Blake W Mckibbin	President	1 Oct 2017	Other	5512921

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
David Glenn Strege	Owner	1 Jan 2010	50% - 75%	1045849
John Arthur Syverson	Owner	1 Jan 2010	25% - 50%	1024864

Based in West Des Moines

The principal office where Syverson Strege & Company performs its advisory services is located at 4125 Westown Parkway, West Des Moines, IA 50266, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 515-225-6000 or by fax 515-225-6888. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at onlyworkforyou.com.