business consulting

Four Financial Advisors in Kansas City

By Andrea Ell 7 April, 2023 2 mins read

In Kansas City, you can find a variety of financial advisors that can meet your needs. Here are a few of them: Prairie Capital Management, Windward Private Wealth Management, Atwood & Palmer, and Fortune Financial. These firms specialize in different areas of financial planning and management.

Prairie Capital Management

Prairie Capital Management, a financial advisory company located in Kansas City (Missouri), is Prairie Capital Management. They manage assets for 2,528 clients and have $6.2 billion under management. They serve high-net-worth individuals and corporations as well as pooled investment vehicles. They also manage estates, 401(k), and IRA plans. The firm does not act as a registered broker-dealer or investment advisor, but it does act as a custodian.

Prairie Capital Management charges a variety of fees depending on the services provided to clients. Fees typically include a mixture of fee types such as hourly or asset-based charges, fixed fees, and performance-based ones. Prairie Capital Management can help with your financial planning, no matter how simple or complex.

Windward Private Wealth Management

Windward Private Wealth Management offers wealth management and financial planning services. It has offices in North Kansas City as well as Overland Park. Their experts analyze client portfolios and work with them to protect their wealth. Owner and founder Darrell Windward has more than three decades of experience and specializes in helping clients achieve their financial goals. He also helps his clients save taxes and preserve capital.

Windward Private Wealth Management's mission is to help clients reach their financial goals, and ultimately achieve financial freedom. They can help with financial planning, tax preparation, investment management, and more. The firm also provides relationship management and can connect clients with other business professionals. Its team includes a Certified Financial Planner (CFP) and a lead planner.

Atwood & Palmer

Atwood & Palmer, Inc, a Kansas City, Missouri, financial advisor firm. They have 435 client accounts and manage assets of approximately $1.3 billion. They have five financial advisors on staff. They do not operate as a registered broker-dealer, but rather act as a registered investment adviser. Securities are an exchanging form of financial asset.

The firm offers many fee models. They have both fixed fee and asset-based fee models. This fee structure aligns clients' and advisors interests. This fee structure excludes brokerage commissions, interest and taxes.

Fortune Financial

Fortune Financial Advisors Kansas City was established over a decade back. They offer comprehensive wealth management services for individuals as well as businesses and families. Financial advisors from the firm specialize in helping clients achieve their financial goals. Their expertise includes business consulting, fiduciary services, retirement planning, and career goal setting.

The firm offers both fee-only and multiple investment services. Advisors from the firm offer one-stop service, integrating clients' diverse financial needs into one holistic plan.

FAQ

Who hires consultants?

Many companies hire consultants to help with their projects. This includes small businesses, large corporations and government agencies.

Some consultants work directly with these organizations while others freelance. The hiring process will vary depending on the complexity and size of the project.

You will likely go through multiple rounds of interviews when hiring consultants before you choose the candidate you feel is the best fit for the job.

How much are consultants paid?

While some consultants may make over $100k per annum, most consultants earn between $25k and $50k. A consultant's average salary is $39,000 This includes both salaried as well hourly consultants.

Salary depends on experience, location, industry, type of contract (contractor vs. employee), and whether the consultant has his/her own office or works remotely.

Can I get a degree as a consultant?

The best way to become an expert on any subject is by studying the subject thoroughly and then practicing what you have learned.

If you are interested in becoming a great advisor, then start learning now!

You may not be able to get hired if you don't have relevant experience but a degree. You could still apply if you are able to show that you have the same subject knowledge as the people who were hired.

Employers will always seek out candidates who have real-world experience.

What tax do I have to pay on consulting income?

Yes, you will need to pay tax on your consultancy profits. The amount depends on how much you earn per year.

You can also claim expenses if you are self-employed. This includes rent, childcare, food, and transportation.

However, you cannot deduct interest payments from loans, vehicle repairs, or the cost for equipment.

Only 25% of your expenses can be claimed back if you make less than PS10,000 annually.

But even if you're earning more than this threshold, you might still be taxed depending on whether you're classed as a contractor or employee.

Employers are taxed via PAYE (pay as your earn), and contractors through VAT.

Statistics

According to IBISWorld, revenues in the consulting industry will exceed $261 billion in 2020. (nerdwallet.com)
So, if you help your clients increase their sales by 33%, then use a word like “revolution” instead of “increase.” (consultingsuccess.com)
Over 50% of consultants get their first consulting client through a referral from their network. (consultingsuccess.com)
Over 62% of consultants were dissatisfied with their former jobs before starting their consulting business. (consultingsuccess.com)
According to statistics from the ONS, the UK has around 300,000 consultants, of which around 63,000 professionals work as management consultants. (consultancy.uk)