Tower Wealth Managers, Inc. is a large advisory firm based in Kansas City. It manages $1.61 billion of regulatory assets for 2,126 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of Kansas, Missouri, and Texas.
Tower Wealth Managers provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Tower Wealth Managers, Inc. is $1.61 billion. The firm's AUM has grown by 131% since the beginning of its operation, and $1.59 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has a single stream of revenue. Clients pay Tower Wealth Managers, Inc. for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The only and largest group of clients of Brian Christopher Thompson is individuals with 31 clients and $16.45 million of assets under management. Among the 7 most similar advisory firms, Tower Wealth Managers has the 4th highest percentage of individuals out of all clients.
The amount of regulatory assets under management is $16.45 million for 31 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.
Tower Wealth Managers doesn't advise any private funds.
The company employs 16 people that are either part- or full-time employees. 56 percent of the employees work as investment advisers or researchers. 9 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.
Brian Christopher Thompson has been acting as President since 1 Sep 2007. Marcus Anthony Scott joined the executive team most recently as the Director / Chief Investment Officer.
The principal office where Tower Wealth Managers, Inc. performs its advisory services is located at One Ward Parkway, Kansas City, MO 64112, which is also the mailing address of the firm. An additional office of the firm is in Prairie Village, KS. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 816-751-4271 or by fax 816-751-4279. The normal business hours are 8 a.m. - 5 p.m. on Monday - Friday. You can find more information about the New York firm at towerwealthmanagers.com.