Everest Wealth Management
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Overview
Everest Wealth Management operates as an advisory firm that has its headquarters in Overland Park, Kansas. The firm manages $155.3 million in assets over 74 accounts, placing it in the mid-tier of financial advisory firms in the country by assets under management (AUM). It has a small team, including 1 financial advisor. Everest Wealth Management is not a registered broker-dealer, signifying that the firm cannot buy and sell securities for its accounts and those of its customers and instead has to go through a broker-dealer company to do so. Securities are tradable fiscal investments like stocks, options and bonds.
Everest Wealth Management manages all of the firm's accounts on a discretionary basis. Discretionary management is a structure in which buy and sell choices for the client's account are made by a portfolio manager without requiring client permission. The firm's average account size is $2.1 million. The typical advisor at Everest Wealth Management administers about 74 client accounts, making it about average in terms of personalization.
The company's central office is located at 4901 W. 136 Street, Suite 1, Overland Park, Kansas 66224. The company is permitted to serve investors throughout a few states, including Kansas and Texas.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Everest Wealth Management by the Numbers
$155.3 million
2
74
$2.1 million
Products and Services
Services provided by Everest Wealth Management include financial planning services and portfolio management for individuals and small businesses. In the last fiscal year, the company provided financial planning services to 51-100 of its accounts. The company is engaged in selling products or offering services apart from investment advisory services to its clients.
Core Advisor Services
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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.
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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.
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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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Selection of Other Advisors
This is the firm's assistance with choosing other advisors to work with who may have different specialties.
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Publication of Periodicals
This is the publication of various financial education materials.
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Educational Seminars/Workshops
This is the hosting of seminars or workshops to educate investors on financial concepts.
Fee Structure
Financial management fees largely depend on which services are offered. Fees charged by the firm typically consist of the following fee structure: asset-based. The company does not provide a wrap fee program, in which the firm offers a bundle of services for a single fee.
Available
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Offered by 69% of firms
Percentage of Assets
Unavailable
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Find one of the 21% of firms that offer this fee type
Hourly
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Find one of the 1% of firms that offer this fee type
Commissions
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Find one of the 26% of firms that offer this fee type
Performance-based
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Find one of the 0% of firms that offer this fee type
Subscription
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Find one of the 32% of firms that offer this fee type
Fixed
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Find one of the 10% of firms that offer this fee type
Other
Types of Clients
It caters to retail investors and high net worth investors. Out of its 74 customers, Everest Wealth Management's biggest client type is retail investors, although it also manages money for 11 high-net-worth individuals. The SEC defines a high-net-worth individual as a person who has at least $750,000 under management or a net worth of at least $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). None of its clients are represented by people from outside of the U.S.
- High-Net-Worth Individuals* - 14.86%
- Other Individuals - 85.14%
- Corporations - 0%
- Charitable Organizations - 0%
* 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
Everest Wealth Management does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Everest Wealth Management
Leawood, KS
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