Top 10 Best Financial Advisors in Overland Park

Do you want to hire trustworthy financial advisors in Overland Park? There are a lot of people in Kansas searching for “best wealth advisors near me” on Google.

It is an important decision to hire a financial advisor for managing your wealth and investments. You are trusting an individual or a firm with your assets. That is why you’d never want to go wrong with investing and protecting your money for wealth accumulation or retirement. 

But how can you make sure that your money is going in the right hands? It can be done by knowing the fee structure of financial advisors and then developing an understanding that how it is going to affect your retirement plan or savings in the long run.

Why Do You Need Financial Advice?

There are so many different options out there to invest your money. Whether you are making a career transition or want to start your own business, you always need to have a smart strategy to follow.

In order to choose the right path, a lot of people like to have the advice of Overland Park financial planners so that they can navigate smoothly through sudden life changes i.e. marriage, divorce, death, the birth of a child, starting a new business, or switching a career.

Besides that, when you are selling a business, you often need a new approach to looking at things. For this purpose, an expert financial planner and business broker can help you identify your strengths and weaknesses so that you can reach the next level of success.

It cannot be denied that every stage of life demands a different approach to planning, saving, and investing money depending on the circumstances. For example, if you start investing money at the age of 21, your approach to wealth and investment management will be completely different than a person starting at the age of 60.

While investing your money, there are a lot of things that you should consider. Some of them are how powerful your investment portfolio is, your current income, and most importantly the financial planner you choose.

Your long-term financial strength depends on the political climate, the state of the economy, and most importantly how actively your financial planner prepares for the ups and downs of the market.

How Can You Accomplish Financial Planning

You can accomplish financial planning in several different ways. Some of them are:

1. Signing up with an online do-it-yourself investment company

An online do-it-yourself firm lets you do everything without human advice. It usually holds a lower price or cost to invest. This is because there is no other human being involved in doing research or making transactions in the investment.

2. Hiring a financial advisor

Just like hiring an Overland Park CPA, when you hire your own financial planner or wealth manager, it comes at higher costs but with lucrative results.

According to analysts, you can expect 2% to 4% higher results when you actively involve a financial planner as compared to handling it all alone.

Payment Structures of Overland Park Financial Advisors

No doubt, the option of hiring a financial planner to generate greater returns is expensive. That’s why you must first analyze if this option is beneficial for you or not.

For this purpose, you need to develop a crucial understanding of how Overland Park financial advisors make money. In this way, you’ll better be able to analyze how they help you make money.

The most commonly used payment structures when hiring financial advisors in Overland Park are:

• Hourly: The investor is charged for time use on his behalf, regardless of assets.
• Retainer: A scheduled fee (usually monthly or annual) makes the Financial Advisor available, on-call for the advisory services the retainer covers.
• Flat fees: A set price for financial planning and asset management services. The fees have nothing to do with the amount of the investor’s account, big or small. It’s like ordering off a menu of services.
• Commission: The financial advisor receives a percentage of the money spent buying high-performing investments, usually charged per transaction.
• Asset management: The investor is charged a fee based on how much money is invested and fees usually are paid directly from the investor’s account.

Which Payment Structure is  Best?

Be aware that choosing the wrong fee structure can create a conflict of interest.

For example, if a financial advisor is charging an hourly fee and is less interested in helping you make more money, that person is likely to spend time on another account. They make more money the more investments and assets grow in an Asset Management account.

Similarly, financial advisors in Overland Park can make unnecessary transactions if they get a flat fee per transaction.

In our opinion, choosing the commission-based fee structure can encourage more productive results. In this structure, a financial advisor takes a portion of the growth of the investment.

How to Choose the Right Financial Advisor in Overland Park

Do you want to be sure that the financial advisors in Overland Park are not pushing you to make investments that go in their interests more than yours?

The best way to do so is to ask the financial planner, “Do you have a fiduciary responsibility to my investments?”

If the financial planner is licensed, he/she must invest in your best interest first even if it does not benefit them. They will be bound by ethics and regulations to do so.

On the other side, if the financial planner does not hold a strong sense of fiduciary responsibility, he/she could lead you to a riskier path.

However, this risker path can also provide a higher payoff for you in the end. Who can say which choice is better? It would be hard to determine. Safer? Or bigger and better results? It truly depends on your situation. You can try it both ways to find out which approach works best for you.

The wisest course? Get to know your financial planner and make sure you feel comfortable with the road he or she has planned for you, tailored to the results you desire.

10 Best Financial Advisors in Overland Park

We have prepared a list of the best financial advisors in Overland Park after doing thorough research to help you save time. The following companies are selected based on their experience, ratings, reviews, and expert services. Have a look at them:

1. Dogwood Wealth Management

Dogwood Wealth Management is relationship-based financial firm providing on-going financial guidance to client so that they can live a meaningful financial life. Through creative financial planning and reflective process, the firm helps you spend without guilt and give without worry.

Some of the major services of Dogwood Wealth Management  include tax preparation, proactive tax planning, risk management, insurance planning, collaborating with your attorney, and personalized portfolio structuring & management.

While working with Dogwood Wealth Management, you get to experience the full abilities of two expert financial professionals (Eric & Jason, Founders of the firm) and assistance from its network of tax and estate planning specialists.

Dogwood Wealth Management
7900 College Blvd Suite 118
Overland Park, KS 66211
Phone: (913) 232-2900
www.dogwoodwealthmanagement.com

2. Best Financial Services

Best Financial Services is an SEC-registered investment advisory helping you organize your financial affairs and serving you in all aspects of your financial life by creating a personalized plan covering estate planning, retirement, and other financial goals.

It is a fiduciary firm working exclusively for you and has the freedom to provide every possible solution for your financial needs. Best Financial Services is more than just a money-managing firm. It has expert financial planners who come up with risk-managed investment and allocation strategies so that you grow your investment savings in a consistent and comfortable way.

Some of the major areas of Best Financial Services include retirement planning, financial planning, wealth management, investment analysis portfolio planning, education savings planning, and tax reduction planning. The professionals here eat their own cookies by using the same insurance policies and financial strategies for their own families that they recommend to their clients.

Best Financial Services
9401 Indian Creek Parkway Suite 630
Overland Park, KS 66210
Phone: 913-393-0399
www.bestfinancialkc.com

3. Fortune Financial Advisors

Fortune Financial Advisors is full-service financial planning and wealth management firm serving individuals and businesses with personalized and goal-based financial strategies. It is a fee-only advisory firm working in your best interest so that you can take serious financial strides in your personal and professional life.

The firm holds a team of financial advisors who spent several years in senior positions specializing in the corporate and financial services arena. The experts of Fortune Financial Advisors help their clients turn their dreams and visions into sound financial decisions. They believe that the good decisions you make today take you where you want to be tomorrow.

The main services of Fortune Financial Advisors are personal wealth & retirement, business retirement plans, and life planning. All of these areas are sub-categorized so that you can easily find the service you are looking for.

Fortune Financial Advisors
11600 College Bvld Suite 225
Overland Park , KS 66210
Phone: 913-393-0038
https://fortunefinancialadvisors.com

4. Edelman Financial Engines

Edelman Financial Engines offers financial planning, investment, retirement, and wealth management services from your first paycheck through retirement and beyond. It partners up with you to come up with solutions for your financial life that can elevate your wealth potential.

Dr. William F. Sharpe, Founder of Edelman Financial Engines and a Noble-Prize Winning Economist, gave individual investors access to decent investment modeling tools that were previously available only to institutional investors.

For more than 35 years, the firm has been using an integrated approach to wealth planning by offering the tools and expertise that make it possible. Edelman Financial Engines holds an expert team, patented technology, and a full suite of services to make your transition from one milestone to another as smooth as possible.

Whether you are one of their 1.3 million clients or among the 100+ Fortune 500 Plan sponsors using their services, you are treated with the same attention and care that you deserve for your wealth management.

Edelman Financial Engines
10950 Grandview Drive Suite 600
Overland Park, Kansas 66210
Phone: +1 833-752-6333
www.edelmanfinancialengines.com

5. Searcy Financial Services

Searcy Financial Services offers investment, wealth management, wealth planning, and financial planning services. It is a fee-only financial firm answering all your financial questions, helping you make sound financial decisions by delivering a solid long-term financial strategy.

Searcy Financial Services helps business owners and plan sponsors in setting intentions for their companies and offers the kind of retirement plan that enable the company and its employees to have a prosperous future. It makes you analyze where you stand so that you can have the right plan for where you want to be.

The firm holds an active presence in the community it serves by dedicatedly participating in philanthropy projects to educational opportunities. Searcy Financial Services works with the vision of making wealth simpler to manage, more secure, and better understood for its clients so that they can enjoy a more intentional and peaceful life.

Searcy Financial Services
12980 Foster Street, Suite 160
Overland Park, Kansas 66213
Phone: 913.814.3800
www.searcyfinancial.com

6. Financial Partners Group

Financial Partners Group is a fee-based financial planning and investment management firm serving individuals, corporations, trusts, and qualified pension accounts. The firm works with the vision of developing long-term relationships with clients by following a holistic approach to help them shape their financial futures.

Financial Partners Group adheres to the highest ethical standards of putting clients before everything else and that is why it has become the prominent provider of financial advice in the regions it serves. The advisors at the Financial Partners group are provided with comprehensive and impactful management tools to generate productive solutions that meet the needs of the clients.

Some of the major services of this firm include wealth management, investment management, financial planning, estate planning, and 401K management. It follows a 4-step process starting from the introductory meeting to the discovery meeting, the implementation meeting, and lastly ongoing client review. Thus, no matter what life throws at you, your financial goals remain in sharp focus at Financial Partners Group.

Financial Partners Group
10925 Antioch Road Suite 100
Overland Park, KS 66210
Phone: (913) 826-6982
www.fpgkc.com

7. Triune Financial Partners

Triune Financial Partners is a flat-fee financial planning firm offering actionable financial plans with ongoing guidance and wealth management. The firm follows a systematic process that helps you be comfortable with money, gain clarity about your financial circumstances, and ultimately achieve your goals to achieve financial freedom.

Whether you are working with a financial life partner or setting up a 401K plan for your company, Triune Financial Partners develops a simple step-by-step process to make complex tasks easier so that you make sense of your financial life.

The firm is fiduciary and that is why it relentlessly pursues simplicity, transparency, and clarity for its clients. It holds partners having a combined experience of 150+ years.

The experts at Triune Financial Partners put deep knowledge into work by following two ways. Firstly, it helps individuals, families, and couples find financial freedom through financial life planning. Secondly, it prepares custom corporate retirement plans for churches, businesses, and non-profits.

Triune Financial Partners
7400 College Blvd. #300
Overland Park, KS 66210
Phone: 913.825.6100
www.triunefp.com

8. Keen Wealth Advisors

Keen Wealth Advisors is a fiduciary financial and investment planning firm serving individuals and families and helping them to plan for a meaningful and fulfilling retirement.

Before starting work with you, the firm takes time to understand you, your priorities, goals, and challenges. It first understands where you exactly stand on the path toward retirement so that it can successfully take you where you want to be in the long run.

Some of the major services of Keen Wealth Advisors include retirement planning, tax planning, investment management, income planning, estate planning, and charitable giving. It takes on a limited number of clients and dedicatedly focuses on their goals so that they can enjoy a comfortable retirement.

Keen Wealth Advisors create a personalized, precise, and perceptive financial plan that serves as a roadmap towards your retirement dreams so that you can live the life you want. It conducts an in-depth review and analysis of your several retirement benefits like 401k investment option review, profit-sharing plan facilitation, IRA and Roth IRA conversions and rollovers, stock options plan analysis, medicare, social security, and many more.

Keen Wealth Advisors
7500 College Boulevard, Suite 1000
Overland Park, KS 66210
Phone: (913) 624-1841
www.keenwealthadvisors.com

9. Parker Financial Group

Parker Financial Group is an independent firm of advisors offering a wide range of financial services. It is a family-owned and operated business working with the mission to provide a purpose-oriented direction to you and your family that can empower you to pursue financial independence.

Parker Financial Group analyzes your financial condition from a wide-angle lens. It takes time to uncover the entire picture ranging from the quantitative elements to complex, intangible, to qualitative ones. This process helps them to discover your motivations, values, and goals so that they can prepare a plan and attach recommendations along with it that match your motivational core i.e. your WHY.

The advisors at Parker Financial Group believe that education and understanding plays an important role in making your financial plan successful. That is why, the company uses an education-based planning approach for objective, integrated, and financial solutions allowing clients to transform from consumers of financial products to owners of their financial future.

Parker Financial Group
9200 Indian Creek Parkway Suite 180
Overland Park, KS 66210
Phone: 913-661-9492
www.pfgkc.com

10. Stepp & Rothwell, Inc.

Stepp & Rothwell, Inc. is a fee-only financial. planning and investment advisory firm providing families with best advice so that they can avoid conflicts regarding money and family finances. The firm is registered with SEC and offers ongoing advice for a fully-disclosed fee.

It has a team of financial professionals who come up with result-oriented and unbiased advice for their clients so that they can make informed financial decisions for their future.  Stepp & Rothwell, Inc. is fiduciary under law and provides services that go with your best interest. It also does not sell any investment or insurance products.

The firm deals with issues related to tax planning, estate planning, financial independence, risk management, cash flow management, education planning, wealth accumulation, wealth preservation, and charitable giving. The experts at Stepp & Rothwell, Inc. here believe that all of these areas are interrealted somehow an that is why they develop specific strategies for clients that encompasses them all.

Stepp & Rothwell, Inc.
7300 College Boulevard, Suite 100
Overland Park, KS 66210
Phone: (913) 345-4800
www.steppandrothwell.com

Note

The team providing this Top Ten financial advisors in Overland Park list believes smart people make smart decisions because they educate themselves on the choices they are preparing to make.

We hope we’ve helped you become smarter about choosing a financial advisor that meets your unique and specific needs.

We try to provide readers with up-to-date information that will help them make those good decisions for hiring financial advisors in Overland Park. We hope you’ve enjoyed reading the information we’ve provided and learned about some of the choices for Financial Advisors in the Overland Park area.

No content is intended to constitute professional advice. This content is not responsible or liable for any consequences relating directly or indirectly to any action you take or fail to take based on the information provided. It is very important to do your own analysis, based on your own personal circumstances, before making any investment.

Consult with your own investment, financial, tax, and legal advisers. Readers agree to indemnify and hold harmless the providers of this information, from and against any and all liability, losses, claims, demands, disputes, damages, or costs of any kind.

Searching for an Overland Park Business Broker in Colorado?

Peterson Acquisition is rated as one of the best Overland Park business brokers and #1 among all business brokers in the nation!

If you have any questions about our top 10 lists, please contact Chad Peterson to discuss partnership opportunities.