Atwood & Palmer provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, education planning, estate planning, insurance, philanthropic planning, and tax planning. Financial planning was provided to 51–100 clients last fiscal year.
Atwood & Palmer reports 525 clients. They include 358 high-net-worth individuals, 153 individual clients and 8 charitable organizations. Of its assets, 100.0% ($2.04B across 1,362 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 29% | 2% |
| High-net-worth individuals | 68% | 94% |
| Charitable organizations | 2% | 3% |
| Corporations and other businesses | 1% | 1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 153 | $35.7M | 1.8% | $233K |
| High-net-worth individuals | 358 | $1.91B | 93.9% | $5.34M |
| Charitable organizations | 8 | $58M | 2.8% | $7.25M |
| Corporations and other businesses | 6 | $30.5M | 1.5% | $5.09M |
| Total | 525 | $2.04B | 100% | $3.88M |
- Clients
- 153
- Regulatory AUM
- $35.7M
- AUM share
- 1.8%
- Avg. per client
- $233K
- Clients
- 358
- Regulatory AUM
- $1.91B
- AUM share
- 93.9%
- Avg. per client
- $5.34M
- Clients
- 8
- Regulatory AUM
- $58M
- AUM share
- 2.8%
- Avg. per client
- $7.25M
- Clients
- 6
- Regulatory AUM
- $30.5M
- AUM share
- 1.5%
- Avg. per client
- $5.09M
Total
- Clients
- 525
- Regulatory AUM
- $2.04B
- AUM share
- 100%
- Avg. per client
- $3.88M
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 51–100
Atwood & Palmer is paid through a percentage of assets under management and fixed fees (other than subscription fees). The reviewed brochures do not disclose an asset-based fee rate. Read the SEC-filed brochure.
Spencer Jones owns 25% to 50% of Atwood & Palmer. The leadership team of Atwood & Palmer includes Chief Compliance Officer Teresa Burch. It has 9 employees, 6 of them in advisory roles.
Leadership
- Teresa BurchChief Compliance Officer
- Steven FrankePartner
- Spencer JonesPartner
- Steven PalmerPartner
- Peter SowdenPartner
Investment adviser representatives
7 representatives listed in the SEC register as of 9 October 2026.
- Matthew Thomas Eilert
- Steven Patrick Franke
- Spencer Alan Jones
- Evan Raleigh Lang
- James M Montgomery
- Steven Nelson Palmer
- Peter James Sowden
Staff
- 9 employees
- 6 in advisory functions
- 7 state-registered reps
- Owns 25% to 50% of Atwood & Palmer, Inc.
Spencer Jones
Control person · since January 2023
- Owns 25% to 50% of Atwood & Palmer, Inc.
Peter Sowden
Control person · since January 2023
- Owns 25% to 50% of Atwood & Palmer, Inc.
Steven Franke
Control person · since January 2023
- Owns 5% to 10% of Atwood & Palmer, Inc.
Steven Palmer
since March 1990
Atwood & Palmer’s regulatory assets grew 1.8× from $1.11B (March 2021) to $2.04B (August 2026); clients rose from 412 to 525 and employees from 8 to 9.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| August 2026 | $2.04B | 525 | 9 | 1 |
| March 2025 | $1.72B | 518 | 9 | 1 |
| March 2024 | $1.44B | 490 | 8 | 1 |
| April 2023 | $1.25B | 458 | 8 | 1 |
| March 2022 | $1.27B | 435 | 8 | 1 |
| March 2021 | $1.11B | 412 | 8 | 1 |
Besides its headquarters, Atwood & Palmer has 0 offices, with 1 listed address in Missouri.
Missouri · 1 listed address
- 4520 Madison Avenue, Suite 200, Kansas CityHQ
Contact and registration details
- Legal name
- Atwood & Palmer, Inc.
- Headquarters
- 4520 Madison Avenue, Suite 200, Kansas City, MO 64111-3541
- Website
- atwoodpalmer.com
- Phone
- 816-931-2266
- @atwood-&-palmer-inc-
- SEC file
- 801-36665
- Founded
- 1990
- Structure
- Missouri corporation
- Fiscal year end
- December
Atwood & Palmer uses Fidelity ($1.76B) as custodian for its separately managed accounts. Atwood & Palmer has custody of $1.28B in client assets for 270 clients.
- FidelityFidelity Brokerage Services LLC · Smithfield, RI · $1.76B100%
At year end, Atwood & Palmer’s separately managed accounts were mostly in stocks (87%) and cash (10%). Its reported 13F holdings for the quarter ended 30 June 2026 total $1.87B across 495 positions; the largest are Alphabet Inc. (4.5%), American Centy ETF TR (3.7%) and United Rentals Inc. (3.5%).
What the accounts hold
- Stocks87%
- Bonds2%
- U.S. government and agency bonds1%
- Investment grade corporate bonds1%
- Cash10%
- Other1%
- Private alternative assets1%
Reported 13F holdings
- $1.87B
- Reported 13F value
- 495
- Positions
- 33.4%
- In the 10 largest
- +5.8%
- Value vs. prior quarter
- Alphabet Inc.4.5%
- American Centy ETF TR3.7%
- United Rentals Inc.3.5%
- American Centy ETF TR3.5%
- Janus Detroit Str TR3.3%
- iShares TR3.2%
- Cisco Sys Inc.3.2%
- Janus Detroit Str TR3.2%
- Palantir Technologies Inc.2.7%
- Abbvie Inc.2.6%
Together, the ten largest are 33.4% of reported value.
How many clients does Atwood & Palmer have?
Atwood & Palmer has 525 clients and manages $2.04 billion for them, as of August 2026. They include 358 high-net-worth individuals, 153 individual clients and 8 charitable organizations.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 25 August 2026
What services does Atwood & Palmer offer?
Atwood & Palmer provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, education planning, estate planning, insurance, philanthropic planning, and tax planning.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4
Which custodians does Atwood & Palmer use?
Atwood & Palmer’s separately managed account assets are held at Fidelity Brokerage Services LLC (Smithfield, RI), with $1.76B. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 25 August 2026
How many financial advisors does Atwood & Palmer have?
Atwood & Palmer has 7 investment adviser representatives registered with state securities authorities, out of 9 employees, and 6 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Atwood & Palmer invest in?
At the end of its last fiscal year, Atwood & Palmer’s separately managed accounts held 87% exchange-traded equities, 10% cash and equivalents, 1% U.S. government and agency bonds, 1% investment grade corporate bonds and 1% other. The 1% other category is described as: Private Alternative Assets.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Atwood & Palmer?
Atwood & Palmer’s direct owners are Steven Palmer, Spencer Jones, Peter Sowden and Steven Franke, each holding 50% or less.
Source: Form ADV Part 1A, Schedules A and B, filed 25 August 2026
How does Atwood & Palmer get paid?
Atwood & Palmer is paid through a percentage of assets under management and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
Is Atwood & Palmer registered with the SEC?
Yes, Atwood & Palmer has been registered with the SEC as an investment adviser since 29 May 1990. Its CRD number is 104995 and its SEC file number is 801-36665.
Source: Form ADV Part 1A, Item 1, filed 25 August 2026; IAPD firm record
How do I contact Atwood & Palmer?
Atwood & Palmer’s main office is at 4520 Madison Avenue, Suite 200, Kansas City, MO 64111-3541. Its phone number is 816-931-2266. Its website is atwoodpalmer.com.