Clark Financial Services Group Inc (Chesterfield)

Name: Clark Financial Services Group Inc
Address: 14310 Olive Blvd, Chesterfield, MO, 63017
Telephone: 314-469-5000

Clark Financial Services Group Inc is a large advisory firm based in Chesterfield. It manages $221.9 million of regulatory assets for 1,422 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Florida, Illinois, Louisiana, Missouri, and Texas.

Clark Financial Services Group provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, selection of other advisers, publication of newsletters, and market timing services. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Clark Financial Services Group: assets under management

The assets under management (AUM) of Clark Financial Services Group Inc is $221.9 million. The firm's AUM has grown by 207% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $202.3 million in discretionary accounts and $19.59 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $185.26 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $59.38 thousand.

Clark Financial Services Group has custody of $10.6 million in cash and securities for 50 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in cash and cash equivalents the most. They account for 58% of the total AUM. The second-largest asset type is investment and business development companies, which make up 29% of the firm’s portfolio. Investments in exchange traded securities form 13% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Clark Financial Services Group Inc for their services and products based on a percentage of assets under management and hourly charges. 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 Christopher William Schulenburg serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Christopher William Schulenburg is high net worth individuals with 65 clients and $128.84 million of assets under management. Among the 8 most similar advisory firms, Clark Financial Services Group has the 4th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $220.19 million for 355 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.

Clark Financial Services Group doesn't advise any private funds.

Careers at Clark Financial Services Group Inc

The company employs 7 people that are either part- or full-time employees. 71 percent of the employees work as investment advisers or researchers. 5 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 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.

Christopher William Schulenburg has been acting as President since 1 Apr 1995. Matthew Hamilton Herron joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Roscoe Bowman Clark	Chairman of the board	1 Jan 1987	75% - 100%	1592279
Roscoe Bowman Clark Iii	President	1 Jan 1987	75% - 100%	xxx-xx-xxxx
Christopher William Schulenburg	President	1 Apr 1995	25% - 50%	2358528
Matthew Hamilton Herron	Chief compliance officer	1 Sep 2004	Other	2489824
Kevin Allen Clark	Vice president / chief compliance officer	1 Feb 2012	Other	3259281
Christopher William Schulenburg	Chairman	1 Mar 2016	50% - 75%	2358528
Kevin Allen Clark	President	1 Jan 2017	50% - 75%	3259281
Matthew Hamilton Herron	Chief compliance officer	1 Mar 2018	Other	2489824

Based in Chesterfield

The principal office where Clark Financial Services Group Inc performs its advisory services is located at 14310 Olive Blvd, Chesterfield, MO 63017, 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 314-469-5000 or by fax 314-469-5525. The normal business hours are 8:30a.m.-4:00p.m. on Monday - Friday. You can find more information about the New York firm at clarkfin.com and its LinkedIn profile.