Greencourse Financial Advisors, LLC (Chesterfield)

Greencourse Financial Advisors, LLC is a large advisory firm based in Chesterfield. It manages $165.09 million of regulatory assets for 703 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Florida, Illinois, and Missouri.

Greencourse Financial Advisors provides financial planning services, portfolio management for individuals and small businesses, and pension consulting services. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Greencourse Financial Advisors: assets under management

The assets under management (AUM) of Greencourse Financial Advisors, LLC is $165.09 million. The firm's AUM has gone down by -16% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $158.87 million in discretionary accounts and $6.21 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $231.6 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $365.34 thousand.

Greencourse Financial Advisors has custody of $13.97 million in cash and securities for 56 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 96% of the total AUM. The second-largest asset type is exchange traded securities, which make up 2% of the firm’s portfolio. Investments in cash and cash equivalents form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Greencourse Financial Advisors, 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 Greencourse Financial Advisors serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Greencourse Financial Advisors is high net worth individuals with 58 clients and $119.22 million of assets under management. Among the 11 most similar advisory firms, Greencourse Financial Advisors has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $165.09 million for 200 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.

Greencourse Financial Advisors doesn't advise any private funds.

Careers at Greencourse Financial Advisors, LLC

The company employs 4 people that are either part- or full-time employees. 100 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 compensates 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
Dale Allen Lindhorst	Managing member	1 Oct 2017	75% - 100%	2325017
Donald James Pratt	Chief compliance officer	1 Oct 2017	Other	6303078
Maryann Irene Vognild	Member	1 Jan 2018	25% - 50%	5118468

Based in Chesterfield

The principal office where Greencourse Financial Advisors, LLC performs its advisory services is located at 390 S. Woods Mill Rd, Chesterfield, MO 63017, 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 636-730-1220 or by fax 636-487-0317. The normal business hours are 8:00 am - 4:00 pm on Monday - Friday.