Waterfront Wealth Inc. (Overland Park)

Name: Waterfront Wealth Inc.
Address: 6711 W 121 St Street, Overland Park, KS, 66209
Telephone: 913-951-5800

Waterfront Wealth Inc. is a large advisory firm based in Overland Park. It manages $334 million of regulatory assets for 1,300 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of California, Kansas, Missouri, and Texas.

Waterfront Wealth provides financial planning services, portfolio management for individuals and small businesses, and pension consulting services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Waterfront Wealth: assets under management

The assets under management (AUM) of Waterfront Wealth Inc. is $334 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 227% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $334 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $256.92 thousand each.

Waterfront Wealth has custody of $623 thousand in cash and securities for 2 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 88% of the total AUM. The second-largest asset type is state and local bonds, which make up 4% of the firm’s portfolio. Investments in investment grade corporate bonds form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Waterfront Wealth Inc. for their services and products based on a percentage of assets under management, hourly charges, 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 Waterfront Wealth serves?

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Waterfront Wealth is high net worth individuals with 80 clients and $216.99 million of assets under management. Among the 11 most similar advisory firms, Waterfront Wealth has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $328.2 million for 299 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.

Waterfront Wealth doesn't advise any private funds.

Careers at Waterfront Wealth Inc.

The company employs 11 people that are either part- or full-time employees. 45 percent of the employees work as investment advisers or researchers. 6 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Roger Carter Ratzlaff	Ceo	1 Jan 2012	75% - 100%	1571089
Anna Nicole Good	Cco	1 Jan 2014	Other	5383915
Anna Good	Cco	1 Jan 2014	Other	5383915

Based in Overland Park

The principal office where Waterfront Wealth Inc. performs its advisory services is located at 6711 W 121 St Street, Overland Park, KS 66209, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 913-951-5800 or by fax 866-901-9089. The normal business hours are 8am-4:30pm cst on Monday - Friday. You can find more information about the New York firm at waterfrontwealth.com.