Commerce Brokerage Services, Inc. is a large advisory firm based in Clayton. It manages $461.81 million of regulatory assets for 3,511 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdictions of Arizona, California, Florida, and 7 other states.
Commerce Brokerage Services provides portfolio management for individuals and small businesses and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Commerce Brokerage Services, Inc. is $461.81 million. The firm's AUM has grown by 99% since the beginning of its operation, and $70.84 thousand of the total AUM is attributable to clients outside of the United States.
The advisory firm has a single stream of revenue. Clients pay Commerce Brokerage Services, 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.
The firm provides services to individuals, charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of John Koeneman Handy is individuals with 3,435 clients and $398.04 million of assets under management. Among the 7 most similar advisory firms, Commerce Brokerage Services has the highest percentage of individuals out of all clients.
The amount of regulatory assets under management is $460.8 million for 3,505 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.
Commerce Brokerage Services doesn't advise any private funds.
The company employs 32 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 32 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
John Koeneman Handy has been acting as President since 1 Feb 2010. Ursula G Leath joined the executive team most recently as the Principal Operations Officer.
The principal office where Commerce Brokerage Services, Inc. performs its advisory services is located at 8000 Forsyth, Clayton, MO 63105 1707, which is also the mailing address of the firm. An additional office of the firm is in Joplin, MO. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 800-772-7283 or by fax 314-746-3877. The normal business hours are 8 am to 5 pm on Monday - Friday. You can find more information about the New York firm at commercebank.com/brokerage.