Whetstone Capital Advisors

CRD#155414
Investment Advisor Firm

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Learn more about Whetstone Capital Advisors

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

    • Overview

    Whetstone Capital Advisors operates as a financial advisory company located in Mission, Kansas. Whetstone Capital Advisors administers $210.2 million in assets across three customer accounts, making it a mid-tier financial advisory firm in the nation by assets under management (AUM). The firm has a small team, including 4 financial advisors. Whetstone Capital Advisors does not act as a registered broker-dealer, meaning the advisor cannot buy and sell securities for its clients' and own accounts and instead has to go through a broker-dealer company to do so. Securities are tradable financial investments like stocks, options and bonds.

    Whetstone Capital Advisors oversees all of its accounts on a discretionary basis. Discretionary management means that transaction choices are made by an investment advisor without needing to seek the customer's approval. Whetstone Capital Advisors manages roughly $70.1 million in assets for every client account. An average financial advisor at Whetstone Capital Advisors administers fewer than one client account, making it one of the most individualized financial advisor firms in the country.

    The company's main office is at 2001 Shawnee Mission Parkway, Mission, Kansas 66205. Whetstone Capital Advisors is legally permitted to serve customers in the state of Kansas.

    Assets Under Management

    $210.2 million

    Number of Advisors

    4

    Disclosures

    No

    Office Location

    2001 Shawnee Mission Parkway
    Mission, KS 66205

    Whetstone Capital Advisors by the Numbers

    Total Assets Under Management

    $210.2 million

    National Average: $8.6 billion
    Total Number of Employees

    5

    National Average: 64
    Total Number of Accounts

    3

    National Average: 375,227
    Average Account Size

    $70.1 million

    National Average: $23.0 thousand
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    Fee Structure

    Fees for financial management largely depend on which services the firm provides the client. Fees billed by the firm can include the following fee structures: asset-based, fixed or performance-based. The company does not provide a wrap fee program, in which the company offers a bundle of services for a single fee.

    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 26% of firms

      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.

    • 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.

    Unavailable

    • Find one of the 21% of firms that offer this fee type

      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.

    • 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 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.

    • Find one of the 10% of firms that offer this fee type

      Other

      Show Explanation

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

    Back to Overview

    Types of Clients

    The company provides services to pooled investment vehicles. Out of its three accounts, Whetstone Capital Advisors's biggest client is pooled investment vehicles. None of its accounts are represented by people from outside of the U.S.

    • High-Net-Worth Individuals* - 0%
    • Other Individuals - 0%
    • Corporations - 100%
    • 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

    Whetstone Capital Advisors does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Whetstone Capital Advisors

    Andrew Carlson
    Mission, KS
    David Atterbury
    Mission, KS

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