American Century Personal Financial Solutions, Inc. (Kansas City)

Name: American Century Personal Financial Solutions, Inc.
Address: 4400 Main Street, Kansas City, MO, 64111 7709
Telephone: 816-531-5575

American Century Personal Financial Solutions, Inc. is a related adviser based in Kansas City. It manages $270.25 million of regulatory assets for 1,038 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.

American Century Personal Financial Solutions provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, publication of newsletters, and educational seminars and workshops. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

American Century Personal Financial Solutions: assets under management

The assets under management (AUM) of American Century Personal Financial Solutions, Inc. is $270.25 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 4344% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $270.25 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $260.36 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 89% of the total AUM. The second-largest asset type is exchange traded securities, which make up 11% of the firm’s portfolio.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay American Century Personal Financial Solutions, 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 Daniel K Richardson serves?

The only and largest group of clients of Daniel K Richardson is individuals with 684 clients and $270.25 million of assets under management. Among the 8 most similar advisory firms, American Century Personal Financial Solutions has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $270.25 million for 684 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.

American Century Personal Financial Solutions doesn't advise any private funds.

Careers at American Century Personal Financial Solutions, Inc.

The company employs 78 people that are either part- or full-time employees. No employees work as investment advisers or researchers. 44 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 receive compensation from other entities for client referrals.

Daniel K Richardson has been acting as President since 1 Aug 2017. Joseph Gerard Schultz joined the executive team most recently as the Director.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Inc. American Century Companies	Shareholder	1 Aug 2017	75% - 100%	43-1325032
Jay William Hummel	President and director	1 Aug 2017	Other	5941647
Amy Diane Shelton	Chief compliance officer	1 Aug 2017	Other	2556023
Patrick Thomas Bannigan	Chief financial officer	1 Aug 2017	Other	1972871
Daniel K Richardson	Director	1 Aug 2017	Other	5117167
Anthony Peter Cieszko	Director	1 Aug 2017	Other	1158003
Joseph Gerard Schultz	Director	1 Jun 2018	Other	2518395

Indirect Owners

The SEC currently registers 5 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Nomura Holdings	Shareholder	1 Apr 1989	75% - 100%	foreign
Inc. Stowers Resource Management	Shareholder of class a shares	1 Aug 2008	25% - 50%	41-2186719
Stowers Institute For Medical Research	Shareholder of class b shares	1 Nov 2011	25% - 50%	43-1684454
Nomura Holding America Inc.	Member	1 Dec 2015	75% - 100%	13-3518229
Llc Nomura Am Holdings Usa	Shareholder of class a shares	1 May 2016	25% - 50%	13-3518229

Based in Kansas City

The principal office where American Century Personal Financial Solutions, Inc. performs its advisory services is located at 4400 Main Street, Kansas City, MO 64111 7709 The mailing address of the firm is P.O. Box 410141, Kansas City, MO 64141 0141. An additional office of the firm is in Mountain View, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 816-531-5575 or by fax 816-340-4964. 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 americancentury.com.