Family Investment Center, Inc. is a large advisory firm based in Saint Joseph. It manages $280.83 million of regulatory assets for 1,309 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of Arizona, Colorado, Indiana, and 9 other states.
Family Investment Center provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, publication of newsletters, and educational seminars and workshops. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Family Investment Center, Inc. is $280.83 million. The firm's AUM has grown by 987% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Family Investment Center, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. 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 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 Richard Christopher Salmen is high net worth individuals with 77 clients and $135.78 million of assets under management. Among the 8 most similar advisory firms, Family Investment Center has the 4th lowest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $280.83 million for 615 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.
Family Investment Center doesn't advise any private funds.
The company employs 8 people that are either part- or full-time employees. 88 percent of the employees work as investment advisers or researchers. 7 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.
Richard Christopher Salmen has been acting as President since 1 Oct 2017. Taren Rae Mcmurray joined the executive team most recently as the Financial Planner.
The principal office where Family Investment Center, Inc. performs its advisory services is located at 3805 Beck Road, Saint Joseph, MO 64506 The mailing address of the firm is 3805 Beck Road, St. Joseph, MO 64508 8807. An additional office of the firm is in Lenexa, KS. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 816-233-4100 or by fax 816-233-3533. The normal business hours are 8:00 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at familyinvestmentcenter.blogspot.com.