Crossroads Financial Management (Kansas City)

Name: Crossroads Financial Management
Address: 2018 Main Street, Kansas City, MO, 64108
Telephone: 913-451-8370

Crossroads Financial Management is a large advisory firm based in Kansas City. It manages $125.18 million of regulatory assets for 270 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of California, Florida, Kansas, Missouri, and Texas.

Crossroads Financial Management provides financial planning services, portfolio management for individuals and small businesses, and pension consulting services. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Crossroads Financial Management: assets under management

The assets under management (AUM) of Crossroads Financial Management is $125.18 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -17% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $125.18 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $463.64 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Crossroads Financial Management for their services and products based on a percentage of assets under management and hourly charges. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Crossroads Financial Management serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Crossroads Financial Management is high net worth individuals with 12 clients and $60.39 million of assets under management. Among the 6 most similar advisory firms, Crossroads Financial Management has the 0th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $125.18 million for 276 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.

Crossroads Financial Management doesn't advise any private funds.

Careers at Crossroads Financial Management

The company employs 2 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 2 employees are registered as investment adviser representatives with the state securities authorities.

There are 4 people 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 receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
William Boyd Larmer	Manager, member	1 Mar 2001	50% - 75%	1018705
Douglas Eugene Elstun	Manager, chief compliance officer, member	1 Jan 2012	50% - 75%	2338588

Based in Kansas City

The principal office where Crossroads Financial Management performs its advisory services is located at 2018 Main Street, Kansas City, MO 64108, 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 913-451-8370 or by fax 913-451-8364. The normal business hours are 8:30a.m.-5p.m. on Monday - Friday. You can find more information about the New York firm at crossroadsfm.com.