Clayton Financial Services provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, publishing newsletters, educational seminars, education planning, estate planning, retirement plan services, and tax planning. Financial planning was provided to 754 clients last fiscal year.
Clayton Financial Services reports 753 clients. They include 606 individual clients, 110 high-net-worth individuals and 19 charitable organizations. Of its assets, 100.0% ($910M across 1,876 accounts) are managed with discretion. It advised 22 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 80% | 33% |
| High-net-worth individuals | 15% | 52% |
| Charitable organizations | 3% | 14% |
| Corporations and other businesses | Fewer than 5 | <1% |
| Other | 2% | 1% |
Client shares use reported counts. Client types without a reported count are excluded from that total.
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 606 | $302M | 33.2% | $498K |
| High-net-worth individuals | 110 | $470M | 51.7% | $4.28M |
| Charitable organizations | 19 | $126M | 13.8% | $6.62M |
| Corporations and other businesses | Fewer than 5 | $459K | 0.1% | — |
| Other | 18 | $11.2M | 1.2% | $621K |
| Total | 753 | $910M | 100% | — |
- Clients
- 606
- Regulatory AUM
- $302M
- AUM share
- 33.2%
- Avg. per client
- $498K
- Clients
- 110
- Regulatory AUM
- $470M
- AUM share
- 51.7%
- Avg. per client
- $4.28M
- Clients
- 19
- Regulatory AUM
- $126M
- AUM share
- 13.8%
- Avg. per client
- $6.62M
- Clients
- Fewer than 5
- Regulatory AUM
- $459K
- AUM share
- 0.1%
- Avg. per client
- —
- Clients
- 18
- Regulatory AUM
- $11.2M
- AUM share
- 1.2%
- Avg. per client
- $621K
Total
- Clients
- 753
- Regulatory AUM
- $910M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 22
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 754
Clayton Financial Services charges 0.40%–1.00% a year for its Wealth management. Each asset band is charged at its own rate. The fee is billed in advance and has a $1,200 annual minimum. The brochure also prices one other service, listed under fee details.
| Asset band | Annual rate |
|---|---|
| $0–$1M | 1.00% |
| $1M–$5M | 0.50% |
| $5M and above | 0.40% |
Fee details and sources
Other fees
- One-time consultation
- Project-specific consultations are billed at an hourly fee of $50 to $350, depending on the individual and the experience required.
The leadership team of Clayton Financial Services includes Chief Investment Officer James Walden and Chief Compliance Officer Clinton Patty. It has 14 employees, 8 of them in advisory roles.
Leadership
- Clinton PattyChief Compliance Officer/Managing Partner/Director
- Randy ClaytonFounding Partner/Director
- Debra ClaytonFounding Partner/Director
Barbara DuncanPartner/Senior Wealth Advisor/Director
James WaldenPartner/Chief Investment Officer/Director
Elizabeth YoungPartner/Senior Wealth Advisor/Director
Investment adviser representatives
7 representatives listed in the SEC register as of 9 October 2026.
Staff
- 14 employees
- 8 in advisory functions
- 7 state-registered reps
- Owns 10% to 25% of Clayton Financial Services Inc
Debra Clayton
Control person · since March 1989
- Owns 10% to 25% of Clayton Financial Services Inc
Randy Clayton
Control person · since August 1984
- Owns 10% to 25% of Clayton Financial Services Inc
Clinton Patty
Control person · since June 2016
- Owns 10% to 25% of Clayton Financial Services Inc
Barbara Duncan
Control person · since February 2018
- Owns 10% to 25% of Clayton Financial Services Inc
Elizabeth Young
Control person · since February 2018
- Owns 10% to 25% of Clayton Financial Services Inc
James Walden
Control person · since January 2020
Clayton Financial Services’ regulatory assets grew from $617M (July 2021) to $910M (September 2026); clients rose from 653 to 753 and employees were 14 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| September 2026 | $910M | 753 | 14 | 2 |
| March 2025 | $811M | 753 | 12 | 2 |
| February 2024 | $696M | 709 | 12 | 2 |
| April 2023 | $627M | 620 | 12 | 2 |
| February 2022 | $707M | 593 | 15 | 2 |
| July 2021 | $617M | 653 | 14 | 2 |
Besides its headquarters, Clayton Financial Services has 1 office, with 2 listed addresses in Kansas.
Kansas · 2 listed addresses
- 716 South Kansas Avenue, TopekaHQ
- 832 Pennsylvania St, Lawrence
Contact and registration details
- Legal name
- Clayton Financial Services Inc
- Headquarters
- 716 South Kansas Avenue, Topeka, KS 66603-3808
- Website
- claytonwealthpartners.com
- Phone
- 785-232-3266
- SEC file
- 801-17344
- Structure
- Kansas corporation
- Fiscal year end
- December
Clayton Financial Services uses Fidelity ($878M) as custodian for its separately managed accounts. Clayton Financial Services does not have custody of client assets.
- FidelityFidelity Brokerage Services LLC · Smithfield, RI · $878M100%
At year end, Clayton Financial Services’ separately managed accounts were mostly in funds (88%).
What the accounts hold
- Stocks8%
- Funds88%
- Cash4%
How many clients does Clayton Financial Services have?
Clayton Financial Services has 753 clients and manages $910 million for them, as of September 2026. They include 606 individual clients, 110 high-net-worth individuals and 19 charitable organizations.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 9 September 2026
What services does Clayton Financial Services offer?
Clayton Financial Services provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, publishing newsletters, educational seminars, education planning, estate planning, retirement plan services, 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
How much does Clayton Financial Services charge?
Clayton Financial Services charges 0.40%–1.00% a year for its Wealth management. Each asset band is charged at its own rate. The fee is billed in advance and has a $1,200 annual minimum.
Source: CLAYTON FINANCIAL SERVICES, INC. PART 2A, filed 5 March 2026
Which custodians does Clayton Financial Services use?
Clayton Financial Services’ separately managed account assets are held at Fidelity Brokerage Services LLC (Smithfield, RI), with $878M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 9 September 2026
How many financial advisors does Clayton Financial Services have?
Clayton Financial Services has 7 investment adviser representatives registered with state securities authorities, out of 14 employees, and 8 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 Clayton Financial Services invest in?
At the end of its last fiscal year, Clayton Financial Services’ separately managed accounts held 88% registered funds (mutual funds, ETFs, BDCs), 8% exchange-traded equities and 4% cash and equivalents.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Clayton Financial Services?
Clayton Financial Services’ direct owners are Debra Clayton, Randy Clayton, Clinton Patty, Barbara Duncan, Elizabeth Young and James Walden, each holding 25% or less.
Source: Form ADV Part 1A, Schedules A and B, filed 9 September 2026
How does Clayton Financial Services get paid?
Clayton Financial Services is paid through a percentage of assets under management, hourly charges 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
How do I contact Clayton Financial Services?
Clayton Financial Services’ main office is at 716 South Kansas Avenue, Topeka, KS 66603-3808. Its phone number is 785-232-3266. Its website is claytonwealthpartners.com.