Sterneck Capital Management LLC (Kansas City)

Name: Sterneck Capital Management LLC
Address: 4510 Belleview Avenue, Kansas City, MO, 64111
Telephone: 816-531-2254

Sterneck Capital Management LLC is a large advisory firm based in Kansas City. It manages $218.69 million of regulatory assets for 612 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Arizona, California, and 22 other states.

Sterneck Capital Management provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, publication of newsletters, and educational seminars and workshops. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Sterneck Capital Management: assets under management

The assets under management (AUM) of Sterneck Capital Management LLC is $218.69 million. The firm's AUM has grown by 490% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $196.69 million in discretionary accounts and $21.99 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $425.74 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $146.63 thousand.

Sterneck Capital Management has custody of $1.55 million in cash and securities for 10 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 58% of the total AUM. The second-largest asset type is investment and business development companies, which make up 28% of the firm’s portfolio. Investments in cash and cash equivalents form 7% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Sterneck Capital Management LLC for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Robin Peppe Sterneck serves?

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 Robin Peppe Sterneck is individuals with 218 clients and $104.99 million of assets under management. Among the 10 most similar advisory firms, Sterneck Capital Management has the 5th highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $218.69 million for 272 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.

Sterneck Capital Management doesn't advise any private funds.

Careers at Sterneck Capital Management LLC

The company employs 5 people that are either part- or full-time employees. 80 percent of the employees work as investment advisers or researchers. 4 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.

Robin Peppe Sterneck has been acting as President since 1 Jan 2016. Frank Martin Sterneck has served as the Chief Investment Officer since 1 Oct 2004. Brandie Mignon Giffin joined the executive team most recently as the Chief Operating Officer; Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Frank Martin Sterneck	Managing member	1 Dec 1999	75% - 100%	1171973
Frank Martin Sterneck	Chief investment officer	1 Oct 2004	75% - 100%	1171973
Edward Lawrence Condon	Chief operating officer	1 Jan 2009	Other	1647017
Regan Paul Ervin	Chief compliance officer	1 Jun 2010	Other	5691066
Regan Paul Ervin	Chief operating officer	1 Apr 2012	Other	5691066
Robin Peppe Sterneck	President	1 Jan 2016	Other	1241565
Brandie Mignon Giffin	Chief operating officer; chief compliance officer	1 Sep 2018	Other	6324300

Based in Kansas City

The principal office where Sterneck Capital Management LLC performs its advisory services is located at 4510 Belleview Avenue, Kansas City, MO 64111, which is also the mailing address of the firm. An additional office of the firm is in Waterloo, NE. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 816-531-2254 or by fax 816-268-2239. The normal business hours are 7:30am-5:00pm on Monday - Friday. You can find more information about the New York firm at sterneckcapital.com.