Umb Financial Services, Inc

CRD#17073
Investment Advisor Firm

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Learn more about Umb Financial Services, Inc

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

    • Overview

    Umb Financial Services, Inc is located at 928 Grand Blvd, Kansas City, MO. The firm employs 58 financial advisors to manage client portfolios and provide financial guidance. Umb Financial Services, Inc is a registered broker-dealer.

    Umb Financial Services, Inc oversees $730.8 thousand in assets under management across 1 account, which is non-discretionary. Over the past year, the firm has provided financial planning services to 1,500 clients. The services offered include financial planning services, portfolio management for individuals and small businesses, and portfolio management for institutional clients. The firm caters to retail investors, with retail investors being the largest client type by accounts. The fee structure at Umb Financial Services, Inc is asset-based. The firm maintains affiliations with a broker-dealer or securities dealer, a banking or thrift institution, and an insurance company or agency.

    Umb Financial Services, Inc is registered in the states of Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, and Wyoming.

    Assets Under Management

    $730.8 thousand

    Number of Advisors

    58

    Disclosures

    No

    Office Location

    928 Grand Blvd
    Kansas City, MO 64106

    Umb Financial Services, Inc by the Numbers

    Total Assets Under Management

    $730.8 thousand

    National Average: $8.6 billion
    Total Number of Employees

    58

    National Average: 64
    Total Number of Accounts

    1

    National Average: 375,227
    Average Account Size

    $730.8 thousand

    National Average: $23.0 thousand
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    Products and Services

    Umb Financial Services, Inc provides multiple services, which can include financial planning services, portfolio management for individuals and small businesses, and portfolio management for institutional clients. In the past fiscal year, Umb Financial Services, Inc provided financial planning services to 1500 of its customers. It is engaged in selling products or offering services other than investment advisory services to its customers.

    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 advisory services usually vary depending on the financial services offered. Fees billed by Umb Financial Services, Inc typically consist of the following fee structure: asset-based.The firm participates in a wrap fee program, in which the firm offers a service bundle 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.

    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 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.

    • Find one of the 32% of firms that offer this fee type

      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.

    • 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.

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    Types of Clients

    The company caters to retail investors. Umb Financial Services, Inc's largest client group by number of accounts is retail investors.

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

    Umb Financial Services, Inc does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Umb Financial Services, Inc

    Darci Emerson
    Kansas City, MO
    Steven Anderson
    Kansas City, MO
    Mckenna Botts
    Denver, CO
    James Carlile
    Kansas City, MO
    Tyler Mcallister
    Saint Louis, MO
    Jordan Taylor
    Kansas City, MO
    Brenna Staples
    Springfield, MO
    Jan Heaman
    Saint Louis, MO
    Abraham Radmanesh
    Leawood, KS

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