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Alex Petrovic, CFP®
Petrovic Financial Services

Tel: 913-385-5523
4200 Somerset Dr
Suite 217
Prairie Village, KS 66208

Fee-Only Comprehensive Financial Planning and Investment Management

Petrovic Financial Services | Financial Advisor in Prairie Village ,KS


About Petrovic Financial Services

We're a full-service firm offering investment management and financial planning services. This includes retirement planning, tax strategies, and insurance and estate planning. We offer personalized service and customized investment and financial planning designed for your unique situation. Our clients include corporate executives, business owners, retirees, and people who are planning to retire well. Our clients also include multiple generations of several families. We differ from many advisers because we're a fee only fiduciary firm. Fee only means we do not accept commission compensation since we do not sell products such as insurance or annuities. As a fiduciary, we are always legally bound to put your interests first and disclose any conflicts of interest.


General Information

Firm Start Year:   2012
No.of Employees:   5-9
Gender:   Male
Insurance License#:   We do not sell insurance, but we advise.
Name of Broker/Dealer:   Alexander M. Petrovic, III
Name of Custodial Firm:   Raymond James
States Licensed in:   KS & MO
Number of Years with Current Firm:   16
Work Experience:   Prior to his financial planning career, Alex worked for The Boeing Company in Seattle as a lead financial analyst and as a U.S. Peace Corps volunteer in the Ukraine. In 2005, he returned home to Kansas City and joined his father's financial services firm. They worked together for 12 years (until his father's passing) delivering financial planning and investment management services to their clients.
I work with the following types of clients:   Non-Profit Organizations, Individual Investors, Businesses, Investment Clubs
Foreign Languages Serviced:   English
Advisory Services Provided:   Annuities, Financial Advice & Consulting, Financial Advice & Consulting, Investment Advice & Management, Estate Planning & Trusts, Estate Planning & Trusts, Financial Planning, Portfolio Management, Portfolio Management, Retirement Planning, Retirement Planning, Tax Advice and Services, 401K Rollovers, Wealth Management, Wealth Management, Money Management, Money Management, Risk Management, Risk Management, Education Funding and Planning, Education Funding and Planning, Financial Planning for Individuals, Financial Planning for Individuals, Financial Planning for Businesses, Tax Advice and Services, Insurance Planning, 401K Rollovers


Services

Investment Types:   Bonds, Mutual Funds, Stocks, Annuities, Insurance, Exchange Traded Funds (ETFs), Socially Responsible Investments (SRI)
I can meet clients in the following ways:   Video Conference, Via Phone, Via Email, Our Offices, At your home, At my office, At your office


Firm Information

Firm's Number of Clients:   160
Firm's Number of Planning Clients:   100
Firm's Number of Managed Clients:   160
Assets Managed by Firm:   $162,000,000
Advisor's Number of Clients:   160
Advisor's Number of Managed Clients:   160
Advisor's Number of Planning Clients:   100
Assets Managed by Advisor:   $162,000,000


Compliance

Registered Investment Advisor:   Yes
I am an acknowledged fiduciary:   Yes
Compliance Disclosures in Last 5 years:   I have a clean record
Criminal Disclosures in Last 5 years:   I have a clean record


Compensation and Fees

Fee Structure:   Fee Only
Minimum Portfolio Size for New Managed Accounts:   $500,000
Compensation Methods:   Based on Assets, Flat Fee
Fee % Based on Assets:   1.00%
Hourly Rate:   N/A
Additional Details on Charges:   We normally charge about 1% for the first million of assets and less for assets over one million, We also manage smaller portfolios for Young Professionals and our client's children.
Minimum Fee Charged for Managed Accounts:   N/A
Minimum Fee Charged for Hourly Planning Accounts:   N/A


Board Positions

Organization:  Plaza Rotary Club  Kansas City, MO
Position :  Youth Development Chair
Duration :  01/01/2007-12/01/2017


Education

Bachelor of Science - Finance with a Minor in Economics  Truman State University - Kirksville, MO
09/01/1994-06/15/1998



Faqs

  • Why should I choose you as my financial advisor? We have the privilege of managing our client's life savings and with that privilege comes great responsibility. Because of this responsibility, we pride ourselves on providing complete transparency, excellent client service, attention to detail and customized investment and financial planning, suited for each of our client's needs. Our clients tell us that we treat them like family and feel we are always looking out for their best interests.
  • What are your qualifications? What is your education background? Three of our team members are Certified Financial Planner" professionals with college degrees, specializing in different aspects of wealth management. To pass the CFP exam requires intense study for a least a year and is the gold standard of qualification in our industry. All of our team members have different prior work experiences - with insurance companies, employee benefit companies, mutual fund companies, and financial advisory firms. That means we harness a huge resource for you when we work on your investments, your retirement plans, employer benefits and tax strategies.
  • How are you compensated? How will I pay for your services? Firstly, we are completely transparent and disclose our fees before you become a client. Most of our compensation is from an assets-under-management fee. This means we charge our clients a small percentage on their investments that we manage, whether those managed investments are held at Raymond James or a client's 401k with their employer. A simple example of this would be charging an annual 1% assets-under-management fee on your investments that we manage. Every quarter, we would bill the client a fourth of 1%. NOTE: For assets over 1 million, we discount our fees accordingly.
  • If you are going to manage my account, will you obtain my permission every time you buy or sell something? It depends on how you designate your client agreement. There are 3 levels of discretion: Full Discretion - you give us full discretion to place trades without prior notification; Limited Discretion - you give us limited discretion based on certain terms; No Discretion - we will not buy or sell without your written permission NOTE: Please know that with all discretion levels, we provide our trade rationale to all clients. no matter their discretion level and will provide you, in a timely manner, complete details of trades.
  • How many clients do you currently manage? We currently manage investment accounts for 160 clients. We provide financial and retirement planning for 100 of our clients.
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Disclaimer

Petrovic Financial Services is an independent SEC Registered Investment Advisory firm. Petrovic Financial Services and its representatives do not provide tax or legal advice, and nothing herein should be construed as such. Always consult with your tax advisor or attorney regarding your specific circumstances.

Alex Petrovic

Alex Petrovic

CFP®

Alex Petrovic, III is the president and owner of Petrovic Financial Services, a fee only financial planning and investment management firm. He is a Certified Financial Planner" professional with 16 years of experience and is a third-generation financial advisor. Within the past five years he was chosen to be successor for two long-time advisors and formed his own firm. Alex was born in Kansas City, attended Rockhurst High School, and graduated magna cum laude from Truman State University with a Bachelor of Science in Finance and a minor in economics. Alex is a member of the Kansas City chapter of the Financial Planning Association, the professional organization for Certified Financial Planners". He is also a member of the National Association of Personal Financial Advisors (NAPFA). He has been a Rotarian since 2007 and previously served on the Plaza Rotary Club Board. He also served in several volunteer roles for over a decade for his fraternity Beta Theta Pi. Alex is a devoted family man. Alex and his wife, Dasha, have a playful, happy 5 year-old named Benjamin and a new baby boy, Alex, IV.

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My Services

Financial Planning for Individuals

At least one meeting a year will be dedicated to a deep dive into one or more financial planning topics. Together, our advisors proactively determine which financial planning topics should be reviewed. These topics include: *Estate planning *Tax strategies *Insurance planning, including life, disability, long-term care, and property and casualty *Employer benefits *Education planning *Budgeting and cash flow Some advisors only provide deep, detailed financial planning at the beginning of the client relationship. As with retirement planning, we monitor your financial plan by reviewing each area every few years, or more frequently as needed. Life changes, and so should your financial plan.


Financial Advice & Consulting

As trusted advisors, our job is to help you address the complexities of today's marketplace with professional guidance, a disciplined process, proper resources and unceasing vigilance.. As trained professionals, it is our privilege to offer you this kind of service because in your busy life, you have better things to do than keeping up with the markets.


Portfolio Management

Our investment management services include the following: *Help you establish your investment goals and assess your risk tolerance *Help you select a suitable asset allocation model and the appropriate investments based on your goals and risk tolerance *Monitor the performance and risk of your portfolio allocation and investment managers *Review the performance of your Raymond James accounts at each meeting *Research and monitor your employer retirement plans (401k, 403b, restricted stock, stock options, etc.) for you *Active tax and cost-efficient investment portfolio management for assets held at RJ. This will include manager and strategy selection *As requested, implementation of cost and tax efficient liquidations for unanticipated cash flow needs *Help you update your portfolio as your needs change *Review your risk tolerance every 3 - 4 years or earlier if your personal or financial situation changes *Coordinate the establishment of appropriate Raymond James accounts and related asset transfers *Online access to your Raymond James accounts *Depending on your account activity, receive quarterly or monthly Raymond James account statements


My Team

Jim Stoutenborough is the senior financial planner at Petrovic Financial Services. He is a Certified Financial Planner" professional Jim has been in the financial planning industry since 1997. Jim focuses on investment planning, reviewing and monitoring the allocations and trading within client accounts. Those accounts include retirement plan accounts such as 401k, 403b and annuities. Jim graduated from the University of Illinois in Champaign, Illinois with a BS in business administration.

Bryson Slater is a Certified Financial Planner" professional with Petrovic Financial Services. Bryson joined our team in 2017. Bryson focuses on retirement projections and social security planning, employment benefits, estate planning, insurance, college planning, and tax strategies related to these areas. Bryson attended the University of Missouri where he received a bachelor's degree in Finance with a minor in Economics. He then worked for a retirement plan record-keeper for five years befor ...more

Marsy Gordon is a financial planner with Petrovic Financial Services. She started work in the financial planning field in 2012. Marsy focuses on retirement projections and social security planning, employment benefits, estate planning, insurance, college planning, and tax strategies related to these areas. Marsy worked in insurance for 20 years and managed all aspects of a small business for many years, including accounting and payroll. She attended Kansas State University.

Ann Kloster is the office manager for Petrovic Financial Services. Ann joined the firm in 2016. She handles day to day office management and administrative projects such as payroll, supplies and billing. She is also trained on much of Jeannine's desk and has learned all the basics of establishing new accounts, transfers and withdrawals. Ann has many years of office experience as a paralegal, legal assistant and office manager. Her attention to detail and experience in the legal field has been ...more

Marilyn Brohm is the communications manager for Petrovic Financial Services. She joined the firm in late 2016. Marilyn has had a long career in marketing, advertising and public relations working primarily with manufacturing companies and most recently for the not for profit sector. She will be focusing on managing the company website, preparing marketing materials, developing a social network presence and discovering ways to improve client satisfaction.

Jeanine Shaffer is the client services manager at Petrovic Financial Services. Jennine began working in the financial planning industry in 2014. She works on a variety of important projects helping our clients schedule review meetings, open new accounts, transact deposits and money movement for funds requests. Jeannine also coordinates and tracks retirement account contributions and manages Required Minimum Distributions for our clients over 70. Before she entered the financial planning indust ...more

Office Hours

wiseradvisor-balck-li-img Mon. 8:30 AM - 5:00 PM
wiseradvisor-balck-li-img Tue. 8:30 AM - 5:00 PM
wiseradvisor-balck-li-img Wed. 8:30 AM - 5:00 PM
wiseradvisor-balck-li-img Thu. 8:30 AM - 5:00 PM
wiseradvisor-balck-li-img Fri. 8:30 AM - 5:00 PM

Communities Served

Entire Kansas City Metropolitan Area and many other states where we have clients

Awards & Recognitions

Awards & Recognitions Expertise "18 Best" Advisors in Kansas City
(01/21/2021)

Expertise.com has named Petrovic Financial Services among the "18 Best Financial Advisors" in the Kansas City area.


Eligibility criteria: 1. Credentialed as a registered investment adviser 2. Actively licensed as a registered investment adviser or as a principal of a registered investment adviser firm for a minimum of 5 years 3. Favorable regulatory and complaint history 4. Fulfilled their firm review based on internal standards 5. Accepting new clients. Evaluation criteria considered 6. One-year client retention rate 7. Five-year client retention rate 8. Non-institutional discretionary and/or non-discretionary client assets administered 9. Number of client households served 10. Education and professional designations

Social Networks

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