Freestate Advisors LLC
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Overview
Freestate Advisors LLC operates as a financial advisory company based in Leawood, Kansas. The firm has $134.0 million in assets under management over 526 accounts, making it a mid-tier investment advisory firm in the United States by assets under management (AUM). The company has a small team, including 8 financial advisors. Freestate Advisors LLC is not a registered broker-dealer, signifying that the firm is not able to buy and sell securities for its clients' and own accounts and instead is required to go through a broker-dealer company to do so. Securities are defined as tradable financial investments like stocks, bonds and options.
Freestate Advisors LLC manages 314 of the company's client assets on a discretionary basis. Discretionary management is a structure in which an investment advisor makes buy and sell judgments for the client's account without needing to seek the client's authorization. The firm also administers 212 non-discretionary accounts with a total of $54.7 million in AUM. The advisory firm's typical account size is $254,805. The average financial advisor at Freestate Advisors LLC oversees about 66 client accounts, making it about average in terms of personalization.
The company's main office is at 4400 College Blvd, Leawood, Kansas 66211. It is registered to provide services to clients across a number of states, including Kansas, Missouri, Nebraska, New Hampshire and Texas.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Freestate Advisors LLC by the Numbers
$134.0 million
8
526
$254.8 thousand
Products and Services
Freestate Advisors LLC provides a number of services, which can consist of financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients and pension consulting services. In the last financial year, the company provided financial planning services to 51-100 of its accounts. The firm does not sell products or offer services aside from investment advice to its investment advisory 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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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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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
Fees charged by financial advisors usually are based on the services offered. Fees billed by Freestate Advisors LLC typically consist of the following fee type: asset-based. Freestate Advisors LLC does not participate in a wrap fee program, in which the firm offers a bundle of services for a comprehensive 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
The firm works with retail investors and high net worth investors. Out of its 526 accounts, Freestate Advisors LLC's largest client is retail investors, but it also caters to 54 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an individual who has at least $750,000 under management or a net worth of more than $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). None of its customers are represented by people from outside of the U.S.
- High-Net-Worth Individuals* - 24.88%
- Other Individuals - 75.12%
- 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
Freestate Advisors LLC does not have any disclosures.
Please visit its Form ADV for more details.
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