Bkd Wealth Advisors, LLC (Springfield)

Name: Bkd Wealth Advisors, LLC
Address: 910 East St Louis St, Springfield, MO, 65806
Telephone: 417.866.5822

Bkd Wealth Advisors, LLC is a large advisory firm based in Springfield. It manages $3.23 billion of regulatory assets for 1,517 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdictions of Arizona, Arkansas, California, and 20 other states.

Bkd Wealth Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for approximately 1,000 clients. On top of advisory services, the firm doesn't engage in other business activities.

Bkd Wealth Advisors: assets under management

The assets under management (AUM) of Bkd Wealth Advisors, LLC is $3.23 billion. The firm's AUM has grown by 728% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $3.05 billion in discretionary accounts and $181.35 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.07 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $4.22 million.

Bkd Wealth Advisors has custody of $1.15 billion in cash and securities for 770 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 75% of the total AUM. The second-largest asset type is exchange traded securities, which make up 11% of the firm’s portfolio. Investments in state and local bonds form 7% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Bkd Wealth Advisors, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Jack Everett Thurman 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 Jack Everett Thurman is high net worth individuals with 756 clients and $2.78 billion of assets under management. Among the 8 most similar advisory firms, Bkd Wealth Advisors has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $3.23 billion for 1,517 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.

Bkd Wealth Advisors doesn't advise any private funds.

Careers at Bkd Wealth Advisors, LLC

The company employs 69 people that are either part- or full-time employees. 64 percent of the employees work as investment advisers or researchers. 46 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Jack Everett Thurman has been acting as President since 1 Dec 2001. Jeffrey Allen Layman has served as the Chief Investment Officer since 1 Apr 2008. Amy Dawn Frizzell joined the executive team most recently as the Principal.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Llp Bkd	Managing member/full owner	1 May 1998	75% - 100%	44-0160260
William Elmer Fingland	Management committee	1 Oct 1999	Other	4394429
Douglas Max Gaston	Management committee	1 Oct 1999	Other	4394431
William Eugene Kirkman	Management committee	1 Oct 1999	Other	4394433
Kathy Berry Laursen	Vice president	1 Oct 1999	Other	4394438
Wayne Allen Starr	Vice president	1 Oct 1999	Other	703079
Gary Lynn Wortman	Vice president	1 Oct 1999	Other	4394444
Jeffrey Allen Layman	Investment committee	1 Mar 2000	Other	1732941
Michael Wayne Loveless	Vice president	1 Jun 2000	Other	501559
Llp Bkd	Owner	1 Jun 2000	75% - 100%	44-0160260
Patricia Louise Acton	Director of compliance	1 Jan 2001	Other	1463163
Jack Everett Thurman	President	1 Dec 2001	Other	1468821
Rick Bernard Gutman	Investment committee	1 Jan 2002	Other	1018107
James Dan Lincicome	Investment committee	1 Apr 2002	Other	1675113
Susan Joan Mcginty	Investment committee	1 Jun 2002	Other	4234333
William Eugene Kirkman	Partner in charge	1 Jul 2003	Other	4394433
Peter Michael Maftieu	Director of operations	1 Jul 2003	Other	1244191
Benjamin Edward Bramer	Chief compliance officer	1 Oct 2004	Other	3222029
Jack Everett Thurman	Chief compliance officer	1 Apr 2006	Other	1468821
Steven Louis Toomey	Principal	1 Jun 2006	Other	2516082
Nancy Johnson Jones	Chief compliance officer	1 Oct 2006	Other	2026139
Jeffrey Allen Layman	Chief investment officer	1 Apr 2008	Other	1732941
Michael Wayne Burlew	Regional managing partner	1 Jun 2008	Other	5674372
William Eugene Kirkman	Chief operating officer	1 Jul 2008	Other	4394433
Jack Everett Thurman	Chief compliance officer	1 Aug 2008	Other	1468821
Nicole Danielle Chapman	Chief compliance officer	1 Oct 2013	Other	5042249
Nicole Danielle Conklin	Chief compliance officer	1 Oct 2013	Other	5042249
Amy Dawn Frizzell	Principal	1 Jun 2019	Other	4153891

Based in Springfield

The principal office where Bkd Wealth Advisors, LLC performs its advisory services is located at 910 East St Louis St, Springfield, MO 65806 The mailing address of the firm is P.O. Box 1190, Springfield, MO 65801. An additional office of the firm is in Little Rock, AR. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 417.866.5822 or by fax 417.865.0682. The normal business hours are 8:00am to 5:00pm on Monday - Friday. You can find more information about the New York firm at bkdwa.com.