Tower Wealth Managers, Inc. (Kansas City)

Name: Tower Wealth Managers, Inc.
Address: One Ward Parkway, Kansas City, MO, 64112
Telephone: 816-751-4271

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.

Tower Wealth Managers: assets under management

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 firm manages $1.57 billion in discretionary accounts and $44.9 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $742.33 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $3.45 million.

Investments

The firm invests in exchange traded securities the most. They account for 63% of the total AUM. The second-largest asset type is state and local bonds, which make up 14% of the firm’s portfolio. Investments in cash and cash equivalents form 12% of the total invested assets.

Fees & Commissions

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.

What kind of clients Brian Christopher Thompson serves?

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.

Careers at Tower Wealth Managers, Inc.

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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
National Association Country Club Trust Company	Shareholder	1 Jul 2007	75% - 100%	26-005-2158
Dwayne Kent White	Chief investment officer, director	1 Sep 2007	Other	822813
Brian Christopher Thompson	Director	1 Sep 2007	Other	2252050
Mark Collins Thompson	Director	1 Sep 2007	Other	5454948
Robert H Buckner	Director	1 Sep 2007	Other	2215117
Joseph Patrick Sweeny	Vice president	1 Sep 2007	Other	1222295
Lindsay Nicole Burke	Chief compliance officer	1 Sep 2007	Other	5454952
Stephen Stanley Soden	President/ceo	1 Mar 2009	Other	430066
Richard Douglas Hacker	Chief compliance officer	1 Apr 2009	Other	4351755
John Irvin Hense	Director	1 Apr 2010	Other	1349753
James Lowell Cole	Director	1 Jan 2011	Other	4484803
Douglas E Axon	Director	1 Jan 2011	Other	5907584
William Edward Koehler	President & ceo and director	1 Jan 2012	Other	2728319
Vicki Luanne Hohenstein	Director	1 Apr 2014	Other	866933
Frank Charles Maggiorotto	President / ceo / director	1 Aug 2015	Other	1133619
Timothy J. Thompson	Director	1 Apr 2016	Other	5332317
Chall Alan Jenkins	Director	1 Apr 2017	Other	2170944
Leslie Kingsford Jones	Chief compliance officer	1 Apr 2018	Other	2738904
Mary Suzanne Hall	Director	1 Apr 2019	Other	7154334
Marcus Anthony Scott	Director / chief investment officer	1 Jul 2019	Other	4546948

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
National Association Country Club Bank	Shareholder	1 Jun 1998	75% - 100%	44-0574255
Ccb Financial Corporation	Shareholder	1 Jun 1998	75% - 100%	43-0907031

Based in Kansas City

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.