Clark Financial Services Group, Inc
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Overview
Clark Financial Services Group, Inc is a financial advisor firm located in Chesterfield, Missouri. The firm oversees $317.7 million in assets over 1,724 customer accounts, placing it in the mid-tier of firms in the country by assets under management (AUM). The firm has a small team, including 5 financial advisors. Clark Financial Services Group, Inc does not act as a registered broker-dealer, meaning the company cannot buy and sell securities for its accounts and those of its clients and instead must go through a broker-dealer firm to do so. Securities are defined as tradable fiscal assets such as bonds, stocks and options.
Clark Financial Services Group, Inc manages more than half of the firm's accounts in a discretionary manner. Discretionary management is a structure in which a portfolio manager makes buy and sell decisions for the client's account without requiring client permission. The firm also has 445 non-discretionary accounts totaling $29.2 million in assets. Clark Financial Services Group, Inc's typical account size is $184,303. The typical financial advisor at Clark Financial Services Group, Inc oversees about 345 client accounts.
The company's central office is located at 14310 Olive Blvd, Chesterfield, Missouri 63017. It is legally permitted to serve customers across a few states, including Colorado, Florida, Illinois, Louisiana, Missouri and Texas.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Clark Financial Services Group, Inc by the Numbers
$317.7 million
5
1,724
$184.3 thousand
Products and Services
Clark Financial Services Group, Inc offers multiple financial services, which can consist of financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients, selection of other advisers, publication of newsletters and market timing services. In the last fiscal year, it provided financial planning services to 251-500 of its clients. Clark Financial Services Group, Inc does sell products or offer services other than investment advice 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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Offered by 0% of firms
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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Offered by 20% of firms
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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Offered by 3% of firms
Publication of Periodicals
This is the publication of various financial education materials.
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Find a firm that offers this service
Educational Seminars/Workshops
This is the hosting of seminars or workshops to educate investors on financial concepts.
Fee Structure
Fees charged by financial advisors largely depend on which services the firm provides the client. Fee types billed by the company can consist of the following fee structures: asset-based or hourly. The firm does not supply 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
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Offered by 21% of firms
Hourly
Unavailable
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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
Clark Financial Services Group, Inc works with retail investors and high net worth investors. Out of its 1,724 clients, Clark Financial Services Group, Inc's largest client type is retail investors, although it also manages money for 122 high-net-worth individuals. The SEC defines a high-net-worth individual as someone who has at least $750,000 in AUM or a net worth of more than $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the firm's customers reside abroad.
- High-Net-Worth Individuals* - 31.77%
- Other Individuals - 68.23%
- 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
Clark Financial Services Group, Inc does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Clark Financial Services Group, Inc
Chesterfield, MO
Chesterfield, MO
Chesterfield, MO
Chesterfield, MO
Chesterfield, MO
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