Prism Financial Group, LLC (Overland Park)

Name: Prism Financial Group, LLC
Address: 7101 College Blvd. Suite 900, Overland Park, KS, 66210 1984
Telephone: 913-345-1444

Prism Financial Group, LLC is a large advisory firm based in Overland Park. It manages $606.77 million of regulatory assets for 1,112 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdictions of Arizona, California, Colorado, and 7 other states.

Prism Financial Group provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Prism Financial Group: assets under management

The assets under management (AUM) of Prism Financial Group, LLC is $606.77 million. The firm's AUM has grown by 437% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $521.56 million in discretionary accounts and $85.21 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $475.01 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $6.09 million.

Prism Financial Group has custody of $193.6 million in cash and securities for 128 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 85% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 10% of the firm’s portfolio. Investments in exchange traded securities form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Prism Financial Group, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Michael Walter Delorey serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Michael Walter Delorey is high net worth individuals with 116 clients and $384.58 million of assets under management. Among the 9 most similar advisory firms, Prism Financial Group has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $606.77 million for 391 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Prism Financial Group doesn't advise any private funds.

Careers at Prism Financial Group, LLC

The company employs 7 people that are either part- or full-time employees. 43 percent of the employees work as investment advisers or researchers. 3 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Prism Financial Group, LLC is owned by Timothy Brian Shmidl. Michael Walter Delorey has been acting as President since 1 Aug 1993. Bret A Curtis joined the executive team most recently as the Owner.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Michael Walter Delorey	President/chief compliance officer	1 Aug 1993	75% - 100%	848364
Timothy Brian Shmidl	Owner	1 Apr 1999	50% - 75%	1886210
Mks Investors L.L.C.	Owner	1 Apr 1999	25% - 50%	48-1223396
Theresa Marie Shmidl	Chief compliance officer	1 Jun 2004	Other	2096738
Barbara Delorey	Sec/treasurer	1 Jun 2009	50% - 75%	5736648

Indirect Owners

The SEC currently registers 16 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Bradley N. Owen	Owner	1 Apr 1999	Other	4617328
Duane E. Bond	Owner	1 Apr 1999	Other	4617330
Timothy R. Goodger	Owner	1 Apr 1999	Other	4617341
Alan W. Groesbeck	Owner	1 Apr 1999	Other	4617321
Robert Monroe Mehlinger	Owner	1 Apr 1999	Other	4050979
Keith L. Olsen	Owner	1 Apr 1999	Other	4617331
Terry J. Kimes	Owner	1 Apr 1999	Other	4617332
James Eagan	Owner	1 Apr 1999	Other	4617335
Gary J. Heyka	Owner	1 Apr 1999	Other	4617339
Thomas B. Farrell	Owner	1 Apr 1999	Other	4617342
James W Hilbert	Owner	1 Jan 2005	Other	4910545
Carol Jean Casale	Owner	1 Jan 2005	Other	4417278
Linda Gayle Hauschild	Owner	1 Jan 2005	Other	4417245
Carol Jean Appelhanz	Owner	1 Jan 2005	Other	4417278
Richard Edward Robinson	Owner	1 Jan 2005	Other	4417283
Bret A Curtis	Owner	1 Dec 2012	Other	6172599

Based in Overland Park

The principal office where Prism Financial Group, LLC performs its advisory services is located at 7101 College Blvd. Suite 900, Overland Park, KS 66210 1984, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 913-345-1444 or by fax 913-663-1444. The normal business hours are 8:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at prismrx.com.