{"url":"https://nivawealth.com/firms/clayton-financial-services-105898","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/105898","regulatoryAum":909816483,"crd":"105898","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"8038482","suffix":null,"lastName":"Bounous","firstName":"Sean","middleName":"Andrew"},{"crd":"5716333","suffix":null,"lastName":"Duncan","firstName":"BARBARA","middleName":"JEAN"},{"crd":"6786389","suffix":null,"lastName":"Pohlenz","firstName":"Zachary","middleName":"Wayne"},{"crd":"5401555","suffix":null,"lastName":"PURCELL","firstName":"ERIC","middleName":"SCOTT"},{"crd":"4188489","suffix":null,"lastName":"WALDEN","firstName":"JAMES","middleName":"MICHAEL"},{"crd":"6969811","suffix":null,"lastName":"Walker","firstName":"Colton","middleName":"Kelly"},{"crd":"5715790","suffix":null,"lastName":"YOUNG","firstName":"ELIZABETH","middleName":"ANN"}],"total":7,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"history":[{"filedOn":"2021-07-02","regulatoryAum":616989201,"clients":653,"employees":14,"offices":2},{"filedOn":"2022-02-22","regulatoryAum":706694758,"clients":593,"employees":15,"offices":2},{"filedOn":"2023-04-06","regulatoryAum":627000543,"clients":620,"employees":12,"offices":2},{"filedOn":"2024-02-22","regulatoryAum":695617687,"clients":709,"employees":12,"offices":2},{"filedOn":"2025-03-03","regulatoryAum":810559576,"clients":753,"employees":12,"offices":2},{"filedOn":"2026-09-09","regulatoryAum":909816483,"clients":753,"employees":14,"offices":2}],"secFileNumber":"801-17344","legalName":"Clayton Financial Services Inc","displayName":"Clayton Financial Services","slug":"clayton-financial-services-105898","website":"https://claytonwealthpartners.com/","classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"founded":null,"organization":"Kansas corporation","fiscalYearEnd":"December","headquarters":{"street":"716 South Kansas Avenue","city":"Topeka","state":"KS","stateName":"Kansas","country":"United States","postalCode":"66603-3808"},"tradeNames":[],"registration":{"secApproved":"1 July 1982","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":1078707.6941340782,"staff":{"employees":14,"advisory":8,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":909816483,"discretionary":909816483,"discretionaryAccounts":1876,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":22},"clientTypes":[{"label":"Individuals (other than HNW)","clients":606,"regulatoryAum":301985387},{"label":"High-net-worth individuals","clients":110,"regulatoryAum":470369322},{"label":"Charitable organizations","clients":19,"regulatoryAum":125819386},{"label":"Corporations and other businesses","clients":null,"fewerThan5":true,"regulatoryAum":458561},{"label":"Other","clients":18,"regulatoryAum":11183827}],"feePrograms":[{"role":"main","program":"Wealth management","feeBasis":"marginal","fee_tiers":[{"to":1000000,"pct":1,"from":0},{"to":5000000,"pct":0.5,"from":1000000},{"to":null,"pct":0.4,"from":5000000}],"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1014997","versionId":1014997,"ratePeriod":"annual","fee_billing":"advance","submittedOn":"2026-03-05","documentName":"CLAYTON FINANCIAL SERVICES, INC. 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PART 2A","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1014997","versionId":1014997,"submittedOn":"2026-03-05"}]},"custodians":[{"name":"Fidelity Brokerage Services LLC","shortName":"Fidelity","location":"Smithfield, RI","smaAssets":878319106}],"custodyNote":"Clayton Financial Services does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"Clinton Patty","title":"Chief Compliance Officer/Managing Partner/Director","crd":"7088954"},{"name":"Randy Clayton","title":"Founding Partner/Director","crd":"842998"},{"name":"Debra Clayton","title":"Founding Partner/Director","crd":"2165594"},{"name":"Barbara Duncan","title":"Partner/Senior Wealth Advisor/Director","crd":"5716333"},{"name":"James Walden","title":"Partner/Chief Investment Officer/Director","crd":"4188489"},{"name":"Elizabeth Young","title":"Partner/Senior Wealth Advisor/Director","crd":"5715790"}],"ownership":[{"label":"Debra Clayton","detail":"Founding partner/director in the 10% to 25% ownership band and a control person, since March 1989."},{"label":"Randy Clayton","detail":"Founding partner/director in the 10% to 25% ownership band and a control person, since August 1984."},{"label":"Clinton Patty","detail":"Chief compliance officer/managing partner/director in the 10% to 25% ownership band and a control person, since June 2016."},{"label":"Barbara Duncan","detail":"Partner/senior wealth advisor/director in the 10% to 25% ownership band and a control person, since February 2018."},{"label":"Elizabeth Young","detail":"Partner/senior wealth advisor/director in the 10% to 25% ownership band and a control person, since February 2018."},{"label":"James Walden","detail":"Partner/chief investment officer/director in the 10% to 25% ownership band and a control person, since January 2020."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":1,"privateResidences":0},"listedOfficeAddresses":2,"foreignOffices":[],"officesByState":[{"state":"Kansas","offices":2,"addresses":[{"street":"716 South Kansas Avenue","city":"Topeka","headquarters":true},{"street":"832 Pennsylvania St","city":"Lawrence"}]}],"brochureServices":["education planning","estate planning","retirement plan services","tax planning"],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"785-232-3266","stateRegisteredReps":7,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Hourly charges","Fixed fees (other than subscription fees)"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Portfolio management for businesses (other than small businesses) or institutional clients","Publication of periodicals or newsletters","Educational seminars/workshops"],"financialPlanningClients":"754","assetMix":[{"label":"Exchange-traded equity securities","percent":8},{"label":"Securities issued by registered investment companies or business development companies","percent":88},{"label":"Cash and cash equivalents","percent":4}],"privateFunds":0},"sources":{"adv1FilingDate":"9 September 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/105898/PDF/105898.pdf","brochureDate":"5 March 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1014997","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-22","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Clayton Financial Services have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Clayton Financial Services offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does Clayton Financial Services charge?","answer":"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","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Clayton Financial Services use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Clayton Financial Services have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Clayton Financial Services invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Clayton Financial Services?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Clayton Financial Services get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Clayton Financial Services?","answer":"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.","source":"Form ADV Part 1A, Item 1.F, filed 9 September 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}