Lexaurum Advisors

CRD#283653
Investment Advisor Firm

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Learn more about Lexaurum Advisors

  • Overview
  • By the Numbers
  • Products and Services
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations
  • Firm Advisors

    • Overview

    Lexaurum Advisors is located at 16010 Metcalf Avenue, Suite 101, Stilwell, KS. The firm employs 31 financial advisors to manage client portfolios and provide financial guidance. Lexaurum Advisors is not a registered broker-dealer.

    Lexaurum Advisors oversees $784.2 million in assets under management across 4,018 accounts, of which 3,684 are discretionary and 334 are non-discretionary. Over the past year, the firm has provided financial planning services to between 26 and 50 clients. The services offered include financial planning services, portfolio management for individuals and small businesses, and pension consulting services. The firm caters to retail investors, high net worth investors, charitable organizations, and corporations, with retail investors being the largest client type by accounts. The fee structure at Lexaurum Advisors includes asset-based, hourly, fixed, and other fees. The firm has 225 high net worth clients.

    Lexaurum Advisors is registered in the states of Arizona, California, Delaware, District of Columbia, Florida, Illinois, Iowa, Kansas, Louisiana, Maryland, Michigan, Minnesota, Missouri, Nebraska, New York, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, South Dakota, Texas, Virginia, Washington, and Wisconsin.

    Assets Under Management

    $784.2 million

    Number of Advisors

    31

    Disclosures

    No

    Office Location

    16010 Metcalf Avenue, Suite 101
    Stilwell, KS 66085

    Lexaurum Advisors by the Numbers

    Total Assets Under Management

    $784.2 million

    National Average: $8.6 billion
    Total Number of Employees

    42

    National Average: 64
    Total Number of Accounts

    4,018

    National Average: 375,227
    Average Account Size

    $195.2 thousand

    National Average: $23.0 thousand
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    Products and Services

    Lexaurum Advisors provides a number of services, which can include financial planning services, portfolio management for individuals and small businesses, and pension consulting services. In the last financial year, Lexaurum Advisors provided financial planning services to 26-50 of its accounts. The Company is not involved in selling products or offering services aside from investment advisory services to its investment advisory accounts.

    Core Advisor Services

    • Offered by 31% of firms

      Financial Planning Services

      This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

    • Offered by 46% of firms

      Portfolio Management

      This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

    • Find a firm that offers this service

      Market Timing Services

      This is the practice of attempting to make short-term profits on investments by buying low and selling high.

    Other Services

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    Fee Structure

    Fees for financial advice usually depend on the type of financial services offered. Fees billed by Lexaurum Advisors can consist of any blend of the following fee types: asset-based, hourly, fixed, or other.

    Available

    • Offered by 69% of firms

      Percentage of Assets

      Show Explanation

      This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

    • Offered by 21% of firms

      Hourly

      Show Explanation

      Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

    • Offered by 32% of firms

      Fixed

      Show Explanation

      Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

    • Offered by 10% of firms

      Other

      Show Explanation

      Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

    Unavailable

    • Find one of the 1% of firms that offer this fee type

      Commissions

      Show Explanation

      Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

    • Find one of the 26% of firms that offer this fee type

      Performance-based

      Show Explanation

      Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

    • Find one of the 0% of firms that offer this fee type

      Subscription

      Show Explanation

      Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

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    Types of Clients

    It provides services to retail investors, high net worth investors, charitable organizations, and corporations. Out of its 4 clients, Lexaurum Advisors's biggest client type by number of accounts is high net worth investors, though it also caters to 225 high-net-worth individuals. A high-net-worth individual is defined by the SEC as someone who has at least $750,000 in AUM or a net worth of at least $1,50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments).

    • High-Net-Worth Individuals* - 13.22%
    • Other Individuals - 84.43%
    • Corporations - 1.35%
    • Charitable Organizations - 1%

    * The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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    Disclosures

    Lexaurum Advisors does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Lexaurum Advisors

    Joseph Hassen
    Stilwell, KS
    Kyle Harsha
    Smithville, MO
    Bryce Grahn
    Stilwell, KS
    Peter Hughes
    Stilwell, KS
    Bryce Littler
    Stilwell, KS
    Todd Koenig
    Austin, TX
    Gary Chidsey
    Medina, OH
    Thomas Doellman
    Chesterfield, MO
    Edna Kowitz
    Owings Mills, MD

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