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Best Financial Advisors in Lawrence

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SmartAdvisor by SmartAsset logo
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SmartAdvisor by SmartAsset

Lawrence, KS
  • Estate Planning
  • Financial Planning
  • Investment Management
  • Retirement Planning

Business Description

SmartAsset's free, five-minute tool makes it easy to find qualified financial advisors in your area. The exclusive tool uses a quick survey to help SmartAsset's exclusive algorithm match you with up to three advisors based on your specific financial needs. Each advisor is a fiduciary, legally bound to work in your best interest, and rigorously vetted by SmartAsset. You can speak with each for free, sometimes within a matter of minutes, and choose whom you want to work with. Hundreds of thousands of smart investors and retirees have already used SmartAsset's simple, no-cost service to find the right financial advisors for them.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.0
Yelp
4.0 / 5 (4)

Professionalism:

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4.0
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Price: Free consultation

BMG Advisors logo
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BMG Advisors

4700 Belleview Ave #410, Kansas City, Mo 64112
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  • Finance Planning
  • Financial Planning

Business Description

BMG Advisors is a team of financial professionals committed to serving families and businesses in Lawrence. They help clients by providing sound financial advice in building wealth, wise budgeting, asset protection, charitable giving, retirement planning, and estate planning. They also provide investment management services on behalf of their clients. Jennifer Malone, a partner at the firm, is a Certified Financial Planner and a Chartered Mutual Fund Counselor that has been in the industry for more than 14 years.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (4)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
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Bowersock Capital Partners logo
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Bowersock Capital Partners

611 W. 9th Street, Lawrence, KS 66044
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  • Finance Planning

Business Description

Bowersock Capital Partners provides financial advising services to clients in Lawrence and the surrounding communities. The company focuses on preparing individuals to create plans for their future and current financial needs by offering cash flow analysis, retirement planning, and risk management services. Its founding partner, Emily Bowersock Hill, brings over 20 years of experience in the industry. Before founding the company, Hill has served as a family wealth director, senior portfolio manager, and executive director at Stanley Morgan.

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
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Brush Creek Partners logo
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Brush Creek Partners

3320 Mesa Way Suite C, Lawrence, KS 66049
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  • Tax Preparation
  • Financial Planning

Business Description

Brush Creek Partners offers fiduciary services to help manage one's finances. Located in Lawrence, the company helps individuals handle their cash flow, guiding them in creating road maps for retirement, investment, estate, and tax. Its advisors deliver employer- and employee-based assistance on matters like investment policy statements, employee education programs, and insurance coverages. Team member Edward Zeller is a Certified Financial Planner and Chartered Financial Consultant. He serves the community through his Optimist and Civitan Civic Clubs membership.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
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Clayton Wealth Partners logo
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Clayton Wealth Partners

832 Pennsylvania St., Suite 1005, Lawrence, KS 66044
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  • Certified Financial Planner (CFP)

Business Description

Founded in 1984, Clayton Wealth Partners is a financial planning and investment management firm that offers its services to the locals of Lawrence. As full-time fiduciaries, its team helps its clients build an investment portfolio in their best interest. For individuals, the firm helps them and their families manage their wealth throughout various stages of life via financial goal and estate planning, tax review and planning, and asset management. Debra Clayton, the president and one of the co-founders, is a Certified Financial Planner.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (1)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
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Clockwork Financial logo
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Clockwork Financial

PO Box 3727, Lawrence, KS 66046
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  • Certified Financial Planner (CFP)
  • Financial Planning

Business Description

With a mission to assist clients in developing a financial strategy for their future, Lawrence-based Clockwork Financial offers a range of services to individuals, business owners, and professionals in the area. These include financial planning, social security strategy analysis, wealth building, and estate planning. Principal Levi G. Clock launched the company in 1999. Since then, he has given more than a hundred educational seminars for professionals, entrepreneurs, physicians, pre-retirees, and retirees across the country.

Edmonds Duncan logo
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Edmonds Duncan

645 Massachusetts Street, Suite 300, Lawrence, KS 66044
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  • Estate Planning

Business Description

Edmonds Duncan is a full-service wealth management company operating in Lawrence. It establishes client relationships by developing financial plans for short-term goals or lifetime retirement income. Its team of professionals tracks the progress of the implemented investment strategy and the objects along with it. The firm also assists in risk management and retirement planning and income management. Its founding partner, Jason Edmonds, has been in the financial services industry since 1995. Edmonds is the chairman of the Lawrence Chamber of Commerce.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (1)
Falcon Wealth Advisors logo
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Falcon Wealth Advisors

1900 Shawnee Mission Pkwy Suite 310, Mission Woods, KS 66205
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  • Certified Financial Planner (CFP)

Business Description

Falcon Wealth Advisors is a full-service financial advisory company that serves clients in Lawrence. The firm offers a wide range of financial planning and wealth management services, including financial goals analysis, retirement and estate planning, Social Security management, tax planning, and insurance strategy. Its financial advisors also handle asset management, bond trading, direct investing, legacy stocks, and equity compensation reviews. Jake Falcon, the firm's founder, was named one of the Best-In-State Wealth Advisors for Kansas by Forbes in 2021.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (1)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Kaylin Dillon logo
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Kaylin Dillon

Lawrence, KS
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  • Certified Financial Planner (CFP)

Business Description

With over nine years of industry experience, Kaylin Dillon helps the residents of Lawrence plan for their financial future. She empowers couples and blended families through comprehensive financial planning. Dillon’s plan comprises quarterly check-ins and annual reviews about the progress of a client’s long-term plan. She also assists clients in building their wealth and minimizing taxes through investment management. Clients can also check their financial progress using the online portal. Dillon is a Certified Financial Planner.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (1)
Keating & Associates logo
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Keating & Associates

1008 New Hampshire, Suite 300, Lawrence, KS 66044
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  • Estate Planning

Business Description

Keating & Associates provides financial planning services to Lawrence and the neighboring areas. It assists individuals in managing their wealth to help them reach their future financial needs and goals. It offers to establish retirement, insurance, charitable giving, social security, education, and estate plans. Keating & Associates also serves business owners needing employee benefits planning solutions. The company's founder, Pat Keating, is a licensed insurance agent who brings over 45 years of experience in the industry.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (1)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Keen Wealth Advisors logo
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Keen Wealth Advisors

6201 College Boulevard, Suite 325, Overland Park, KS 66211
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  • Retirement Planning

Business Description

Keen Wealth Advisors is a financial planning firm serving Lawrence. It offers personalized services focusing on estate, income, retirement, and tax planning. Other services include charitable giving and investment management. It assesses its clients’ financial situation to gather a solid understanding and assists them in developing plans designed to help them achieve their retirement and other long-term goals, such as meeting their children’s education expenses, maximizing their wealth through investments, or reducing debts. The company supports various local organizations, including the National Alliance on Mental Illness.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (2)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
McDaniel Knutson Financial Partners logo
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McDaniel Knutson Financial Partners

3705 Clinton Parkway, Lawrence, KS 66047
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  • Certified Financial Planner (CFP)

Business Description

Established in 1982, McDaniel Knutson Financial Partners is an advisory firm serving Lawrence. Its services focus on insurance, investment, and retirement planning. It advises clients on how to best utilize their assets. It assists in developing plans to help them achieve their financial goals, maximize their wealth, or transition to a successful retirement. Its founding partner, Jude McDaniel, has been an investment advisor representative since 1987 and is a member of various associations, including the Million Dollar Round Table.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (3)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
4.0
Responsiveness
Friendliness
Helpfulness
Detail
Rademacher Financial, Inc. logo
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Rademacher Financial, Inc.

1505 Kasold Dr, Lawrence, KS 66047
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  • Estate Planning
  • Certified Financial Planner (CFP)
  • Retirement Planning
  • Financial Planning

Business Description

Rademacher Financial, Inc., is an advisory firm serving Lawrence residents. It provides an array of services focusing on helping clients maximize and preserve their wealth. It assists in developing plans tailored to their needs, such as education, estate, financial, and retirement. The company's other services include portfolio and risk management. Co-founder and president Phillip Rademacher is a member of the Certified Financial Planning Board of Standards. He has almost three decades of industry experience.

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
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Rodney Miller, CPA, PFS logo
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Rodney Miller, CPA, PFS

4910 Corporate Centre Drive, Suite 104, Lawrence, KS 66047
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Business Description

Rodney Miller, CPA, PFS, offers financial services to clients in Lawrence. He is Stifel's senior vice president for investments and helps individuals plan for retirement with a stable income that can sustain their needs after leaving the workforce. This plan includes setting up an investment portfolio that fits a client's goals and risk tolerance. Miller also advises on investments and charitable foundations to corporations and business owners. He has more than 30 years of financial industry experience.

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Synergy Wealth Solutions logo
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Synergy Wealth Solutions

10975 Benson Dr, Ste 350, Overland Park, KS 66210
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  • Financial Planning
  • Wealth Management

Business Description

Synergy Wealth Solutions is an advisory firm that serves Lawrence. It provides a range of personalized services, including financial planning and brokerage solutions. It handles products like annuities, mutual funds, and college savings plans, as well as disability income and long-term care insurance. It also assists clients in developing plans that help them achieve their financial goals and reviews them regularly when their life situations necessitate changes. Synergy Wealth Solutions' other services include estate, wealth management, and succession planning for businesses.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.3
Google
4.3 / 5 (6)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
The Perspective Group LLC logo
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The Perspective Group LLC

900 Massachusetts Street Suite 602, Lawrence, KS 66044
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  • Finance Planning

Business Description

The Perspective Group LLC caters to clients in Lawrence who need financial advisory services. The company focuses on helping individuals grow their finances by managing their current and future income and expenses. It also creates strategies to guide clients in minimizing and preparing for their taxes. The Perspective Group LLC is available to serve clients who wish to create legacy videos and estate planning documents to plan the future transfer of their estates to their beneficiaries.

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
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The Trust Company logo
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The Trust Company

333 West 9th Street Suite A, Lawrence, KS 66044
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  • Estate Planning
  • Retirement Planning
  • Investment Management
  • Financial Planning

Business Description

The Trust Company is a business that delivers financial solutions to the residents of Lawrence and the surrounding areas. Its team of professionals offers a wide array of options, including financial planning, investment management, retirement planning, and trust and estate services. The Trust Company was established in 1992. Its president and CEO, Mark Knackendoffel, has almost four decades’ worth of experience in the financial industry. Katie Seay, the firm’s vice president and trust officer, is a Certified Financial Planner and Certified Trust and Financial Advisor.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (1)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
V Wealth logo
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V Wealth

6800 College Boulevard Suite 630, Overland Park, KS 66211
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  • Estate Planning
  • Financial Planning

Business Description

V Wealth assists clients in Lawrence in managing their current balance sheets to help them build their dream financial future. It guides individuals on investing their money in bonds, IRAs, stocks, government securities, annuities, and treasury bills. Its advisors partner with them in creating retirement, tax, 401k or 403b, college, estate, and profit-sharing plans. In addition, they offer protection through disability income, life, and long-term care insurance. Co-founder Tom Blumer performs the roles of a financial advisor and branch manager in the firm.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (4)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Back to Providers

Frequently Asked Questions

Introduction

There are many titles for financial professionals, so it's challenging to track what each one means. A financial advisor is probably the term you've heard most often. Financial advisor is a broad term for a professional who helps individuals or companies manage their finances, including investment choices. There are over 100 certifications that financial advisors can obtain.

  • Financial planners, wealth managers, and investment advisors are all financial advisors with different focus areas.
  • A financial planner helps an individual or a company make a plan to achieve long-term financial goals.
  • A wealth manager helps individuals maintain their wealth through various disciplines and services, such as taxes, estate planning, and investment advice.
  • An investment advisor offers investment advice and recommendations to individuals or organizations.
There’s a misconception that you have to be extremely wealthy to use a financial advisor. In reality, they can be beneficial for people from any income level. Keep reading to find answers to the most commonly asked questions about financial advisors, so you know which type can fit your specific needs.

Are financial advisors worth it?

Whether or not a financial advisor is worth it depends on your personal situation. If your finances are fairly straightforward, then you may be better off handling it on your own. But if you have substantial assets or a complex investment portfolio, then hiring someone to handle it for you can be well worth the cost.

What does a financial advisor do?

Financial advisors can have many types of specialties. Generally, a financial advisor advises on or helps to execute a financial plan. Some examples include assisting people with getting out of debt, building out an investment portfolio, and handling taxes.

How much money do I need to work with a financial advisor?

There’s no specific income level you need in order to work with a financial advisor, but there may be a minimum investment amount for certain types of services. Some financial advisors won’t manage your money unless you have $100,000 or more to invest, but this isn’t the case with financial coaches or robo-advisors.

What does a financial coach do?

Financial coaches focus on improving your financial literacy and money management skills. For example, they can help you figure out how to pay down your student loans or decide how much money to put away for retirement. They usually charge by the hour and don’t offer asset management services or investment advice.

When should I use a financial advisor vs. doing it myself?

Smart money management can give you freedom and comfort. Being responsible with your money makes it possible to meet goals and pay for major expenses. A financial advisor is trained and can offer you expertise that would otherwise take years to learn. They know how to save you money and make it go further.

How do I know if my financial advisor is trustworthy?

Because financial advisors aren’t licensed or regulated, it’s up to the client to make that determination for themselves. However, if your advisor is a fiduciary, that means they’re legally bound to act in your best interest. Some types of advisors, including Certified Financial Professionals (CFPs), are held to fiduciary standards.

What\'s the difference between a financial advisor and a financial planner?

The term financial advisor is a broad phrase that encapsulates many specialties, including financial planner. It's similar to how doctor applies to different physicians, while a cardiologist is a specialty doctor. A financial planner helps their client plan to achieve long-term financial goals, such as saving for a house or retirement.

Are financial advisor fees tax deductible?

Until 2018, financial advisor fees were tax deductible as a miscellaneous expense. However, the Tax Cuts and Jobs Act elimited that deduction until at least 2025.

What is a financial consultant?

A financial consultant and a financial advisor are essentially the same. In recent years, financial consultant has become a less popular term, with financial advisor being much more common. Sometimes, the financial professional may opt for the term consultant when offering services to a business rather than an individual.

What is a robo-advisor?

A robo-advisor is essentially an algorithm that manages your investment portfolio for you. Because their services are automated, you’ll pay less than you would for a human advisor — often between 0.25% and 0.50%. They don’t require large initial investments either, making them a popular choice for entry-level investors. However, you won’t get the same level of advice that you would get from a personal financial advisor.

What makes someone a fiduciary?

Fiduciary is a legal term for a person who has a legal or ethical responsibility to act in your best interests. For example, a trustee and a beneficiary. A financial advisor may have a fiduciary obligation to make financial choices that are best for you, even if it means they earn less in commissions or fees.

How often should I meet with my financial advisor?

After your initial meeting, you may only need to check in with your financial advisor on a quarterly or annual basis. Ask them in advance how often you can expect to hear from them, and whether they offer in-person, phone, or virtual meetings.

Should your financial advisor be a fiduciary?

It’s important to understand that only some — not all — financial advisors have a fiduciary obligation to their clients. Always ask your financial advisor if they’re bound by fiduciary duty. If not, it’s possible that they’ll push products or services that earn them the highest commission, not necessarily what’s best for you. Opt for a financial advisor bound by fiduciary duty whenever possible.

Can my financial planner help with taxes?

Financial advisors aren’t necessarily accountants or tax preparers, so don’t expect them to prepare your taxes for you. However, they may be able to provide tax-related advice to help you optimize your returns and deductions. If you need an advisor who can file your taxes, look for one who is also a CPA (Certified Public Accountant).

Do I need a financial advisor?

Ask yourself if a financial advisor can fill a need or solve a problem you can’t easily handle on your own. They can be helpful in a wide variety of ways, such as building budgets or financial plans, finding ways to save money on taxes, creating an investment portfolio, or offering investment advice.

How do financial advisors get paid?

Clients pay to work with a financial advisor whether it’s through fees, commissions, or salaries. If they’re paid by client fees or commissions, their salary is tied to how much business they bring in. The harder they work, the more they make. In comparison, a salaried employee is guaranteed their wage no matter how many clients they have.

What experience should I look for in a financial advisor?

 If you have specific goals or a unique financial situation, look for a financial advisor with expertise in that area. For example, some financial advisors specialize in working with millennials or focus on socially responsible investing.

How much does a financial advisor cost?

A financial advisor’s costs depend on their fee structure. Some advisors charge a fee — either hourly or a percentage of the client assets under management. Another common option is to charge a commission on the products sold or investments made.

Should I hire a financial advisor before buying a house?

While not always necessary, a financial advisor could help you decide how large of a mortgage to apply for, how much money to put down, and how to balance the purchase with other savings and investment goals.

How many financial advisors are there in the U.S.?

According to the U.S. Bureau of Labor Statistics, it’s estimated that there are 218,050 financial advisors. California is the state with the highest employment of financial advisors across the nation.

Do banks offer financial advisors?

Yes, many banks have financial advisors on staff. Your bank may also offer incentives to work with their financial advisors, such as lower fees or free accounts. However, it's important to note that many of the bank's financial advisors don't have a fiduciary obligation and might prioritize the bank's products above all else. There is a cost when working with your bank's financial advisor.

Should I hire a wealth manager?

A wealth manager can help offer complex financial planning services, including tax guidance, estate planning, and legal assistance. While you don't have to be a high-income earner to benefit from a financial advisor, a wealth manager is typically for those that have a high net worth. However, many people build wealth and need a wealth manager later on in life.

Is wealth management worth it?

Wealth management is typically worth it for those who need help with multiple endeavors or comprehensive financial situations, such as charitable contributions or investment portfolio management, or want to protect their assets. A wealth manager can also offer you guidance if you’ve been neglecting your finances or making poor judgements.

How can you tell if a financial advisor is bad?

Your relationship with your financial advisor is a very personal one, as you’re trusting them with your wealth and future. Some general signs that your financial advisor is bad include:

  • They can’t answer your financial questions
  • You have worked with them for a while but haven’t seen a financial improvement
  • They don’t provide you with progress reports
  • They don’t check in with you

What do you need to be a financial advisor?

As mentioned, there are over 100 types of certifications for financial advisors. The training or experience you need will depend on which specialty you want to pursue. Generally, financial advisors need to have:

  • A Bachelor’s degree
  • A General Securities Representative license (Series 7 license)
  • A Certified Financial Planner (CFP) certification isn’t mandatory but is often preferred

Where do financial advisors work?

Where a financial advisor works will depend on what type of financial advisor they are. Financial advisors can work at a variety of places, including:

  • Securities and commodity brokers
  • A bank
  • A credit union
  • Independently
  • Insurance companies
  • Financial investment firms
  • Small investment advisory firms

How much do financial advisors make?

In 2019, the national average salary for a financial advisor was $87,850. However, it’s important to note the average salary varies from state to state and the different focus areas — an investment advisor may make a lot more than a financial planner. Lastly, salary can depend on how the individual is getting paid. Financial advisors can be paid by client fees, commissions, or salaries.

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