Freestate Advisors provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, and pension consulting. Financial planning was provided to 101–250 clients last fiscal year.
Freestate Advisors reports 244 clients. They include 161 individual clients and 83 high-net-worth individuals. Of its assets, 55.6% ($101M across 354 accounts) are managed with discretion; $80.7M across 281 accounts are not. It advised 30 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 66% | 24% |
| High-net-worth individuals | 34% | 76% |
| Charitable organizations | Fewer than 5 | <1% |
| Corporations and other businesses | Fewer than 5 | <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) | 161 | $42.8M | 23.5% | $266K |
| High-net-worth individuals | 83 | $138M | 75.7% | $1.66M |
| Charitable organizations | Fewer than 5 | $952K | 0.5% | — |
| Corporations and other businesses | Fewer than 5 | $444K | 0.2% | — |
| Total | 244 | $182M | 100% | — |
- Clients
- 161
- Regulatory AUM
- $42.8M
- AUM share
- 23.5%
- Avg. per client
- $266K
- Clients
- 83
- Regulatory AUM
- $138M
- AUM share
- 75.7%
- Avg. per client
- $1.66M
- Clients
- Fewer than 5
- Regulatory AUM
- $952K
- AUM share
- 0.5%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $444K
- AUM share
- 0.2%
- Avg. per client
- —
Total
- Clients
- 244
- Regulatory AUM
- $182M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 30
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 101–250
Freestate Advisors is paid through a percentage of assets under management. The reviewed brochures do not disclose an asset-based fee rate. Read the SEC-filed brochure. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Retirement plan services
- Plan sponsor fees are a percentage of plan assets, from 0.20% to 1.00% depending on plan complexity and services requested.
Melinda Parks owns 50% to 75% of Freestate Advisors. The leadership team of Freestate Advisors includes President Nathan Haskins and Chief Financial Officer Melinda Parks. It has 9 employees.
Leadership
Nathan HaskinsMember and President
Melinda ParksChief Financial Officer, Chief Compliance Officer & Member
Investment adviser representatives
9 representatives listed in the SEC register as of 9 October 2026.
Staff
- 9 employees
- 9 in advisory functions
- 9 state-registered reps
- 1 insurance agent
- Owns 50% to 75% of Freestate Advisors LLC
Melinda Parks
Control person · since January 2019
- Owns 50% to 75% of Freestate Advisors LLC
Nathan Haskins
Control person · since January 2020
Freestate Advisors’ regulatory assets grew from $135M (February 2021) to $182M (January 2026); clients rose from 211 to 244 and employees were 9 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| January 2026 | $182M | 244 | 9 | 4 |
| January 2025 | $160M | 235 | 9 | 4 |
| July 2024 | $135M | 225 | 8 | 3 |
| January 2023 | $134M | 217 | 8 | 3 |
| January 2022 | $147M | 214 | 9 | 3 |
| February 2021 | $135M | 211 | 9 | 2 |
Besides its headquarters, Freestate Advisors has 3 offices (2 private residences, listed without an address), with 2 listed addresses in Kansas.
Kansas · 2 listed addresses
- 4400 College BLVD, Suite 125, Overland ParkHQ
- 6420 W. 95th Street, Overland Park
Contact and registration details
- Legal name
- Freestate Advisors LLC
- Headquarters
- 4400 College BLVD, Suite 125, Overland Park, KS 66211
- Website
- freestateadvisors.com
- Phone
- 913-890-2065
- @freestate-advisors-llc
- SEC file
- 801-106933
- Structure
- Delaware LLC
- Fiscal year end
- December
Freestate Advisors uses Charles Schwab ($164M) as custodian for its separately managed accounts. Freestate Advisors has custody of $39.9M in client assets for 49 clients.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $164M100%
At year end, Freestate Advisors’ separately managed accounts were mostly in funds (87%). Its reported 13F holdings for the quarter ended 30 June 2026 total $134M across 42 positions; the largest are SPDR Series Trust (14.8%), Vanguard Index Fds (13.2%) and Schwab Strategic TR (12.3%).
What the accounts hold
- Stocks5%
- Funds87%
- Cash6%
Filed values cover 98%. The neutral 2% gap has no reported category.
Reported 13F holdings
- $134M
- Reported 13F value
- 42
- Positions
- 81.3%
- In the 10 largest
- +7.0%
- Value vs. prior quarter
- SPDR Series Trust · ST Str P500val14.8%
- Vanguard Index Fds · S&P 500 ETF Shs13.2%
- Schwab Strategic TR · Intl Eqty ETF12.3%
- iShares TR · Core US Aggbd ET10.1%
- iShares TR · 0-5yr HI YL CP8.4%
- iShares TR · Ishs 5-10yr Invt7.2%
- American Centy ETF TR · US Sml CP Valu5.8%
- SPDR Series Trust · ST Inter BD ETF3.8%
- SPDR Series Trust · ST Str Blo 1 ETF2.8%
- State Str SPDR S&P 500 ETF T · TR Unit2.8%
Together, the ten largest are 81.3% of reported value.
How many clients does Freestate Advisors have?
Freestate Advisors has 244 clients and manages $182 million for them, as of January 2026. They include 161 individual clients and 83 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 5 January 2026
What services does Freestate Advisors offer?
Freestate Advisors provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, and pension consulting.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Freestate Advisors use?
Freestate Advisors’ separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $164M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 5 January 2026
How many financial advisors does Freestate Advisors have?
Freestate Advisors has 9 investment adviser representatives registered with state securities authorities, out of 9 employees, and 9 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 1 employee is a licensed insurance agent.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Freestate Advisors invest in?
At the end of its last fiscal year, Freestate Advisors’ separately managed accounts held 87% registered funds (mutual funds, ETFs, BDCs), 6% cash and equivalents and 5% exchange-traded equities.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Freestate Advisors?
Freestate Advisors’ direct owners are Melinda Parks (50% to 75%) and Nathan Haskins (50% to 75%).
Source: Form ADV Part 1A, Schedules A and B, filed 5 January 2026
How does Freestate Advisors get paid?
Freestate Advisors is paid through a percentage of assets under management. 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 Freestate Advisors?
Freestate Advisors’ main office is at 4400 College BLVD, Suite 125, Overland Park, KS 66211. Its phone number is 913-890-2065. Its website is freestateadvisors.com.