SEC-registered wealth management firm Broker-dealer affiliated
Copper Financial
As of its Form ADV filed September 3, 2026, Copper Financial, an SEC-registered, broker-dealer affiliated wealth management firm in Lenexa, Kansas, reported $410.7 million in regulatory assets under management across 4,987 accounts, ranking #52 among all wealth firms in Kansas by assets.
Registration
- Registration
- SEC-registered, Approved
- CRD number
- 168203
- SEC file number
- 801-89168
- Registered since
- April 30, 2015
- Latest Form ADV filing
- September 3, 2026
- Legal name
- COPPER FINANCIAL NETWORK, LLC
- Organized as
- Limited Liability Company
- Fiscal year ends
- December
- Other offices
- 31
Key figures
- Regulatory assets under management
- $410.7 million
- Discretionary
- $410.7 million (100.0%)
- Non-discretionary
- $0
- Accounts
- 4,987 (4,987 discretionary)
- Clients
- 4,724, approximate as reported
- Employees
- 50
- Advisory staff
- 44 performing investment advisory functions
- Average account
- $82,351
- Asset growth, 1 year
- 18.7% (from $346.1 million a year earlier)
- Asset growth, 3-year annual rate
- 14.2% (from $275.8 million three years earlier)
- Asset growth, 5-year annual rate
- 22.1% (from $151.2 million five years earlier)
- Client growth, 1 year
- 12.4% (from 4,202)
Broker-dealer affiliated. The firm is itself a broker-dealer as well as an investment adviser (Form ADV Item 6.A(1)). It is ranked among all wealth firms, the directory's view that includes wirehouses and broker-dealer firms, not in the main lists of independent RIAs. How firms are classed.
Growth rates come from the SEC's yearly snapshots and are left blank when the years are not comparable.
Rankings
Among all wealth firms, including wirehouses and broker-dealer firms.
Assets over time
Data table
| As of | RAUM |
|---|---|
| October 1, 2015 | $100.0 million |
| October 3, 2016 | $100.7 million |
| October 2, 2017 | $120.4 million |
| October 1, 2018 | $184.0 million |
| October 1, 2019 | $217.3 million |
| October 1, 2020 | $326.8 million |
| October 4, 2021 | $151.2 million |
| October 3, 2022 | $294.3 million |
| October 5, 2023 | $275.8 million |
| October 1, 2024 | $306.4 million |
| September 2, 2025 | $346.1 million |
| October 2, 2026 | $410.7 million |
Clients and services
Client mix
| Measure | Bar | RAUM |
|---|---|---|
| Individuals (other than high net worth) 4,135 clients | $366.0 million | |
| High net worth individuals 30 clients | $44.7 million | |
| Banking or thrift institutions fewer than 5 clients | $0 | |
| Pension and profit sharing plans fewer than 5 clients | $0 | |
| Charitable organizations fewer than 5 clients | $0 | |
| State or municipal government entities fewer than 5 clients | $0 | |
| Other investment advisers fewer than 5 clients | $0 | |
| Insurance companies fewer than 5 clients | $0 | |
| Sovereign wealth funds and foreign official institutions fewer than 5 clients | $0 | |
| Other fewer than 5 clients | $0 |
How the firm is paid
- A percentage of assets under management
- Hourly charges
- Fixed fees
Advisory services
- Financial planning
- Portfolio management for individuals or small businesses
- Selection of other advisers
- Educational seminars or workshops
- Other
Financial planning clients (Item 5.H): 0.
Wrap fee program sponsor or portfolio manager: yes.
Other business, affiliations and custody
Other business activities (Item 6.A)
- Broker-dealer
- Insurance broker or agent
Financial industry affiliations (Item 7.A)
- Banking or thrift institution
- Insurance company or agency
Custody (Item 9)
The firm reported no custody of client cash or securities.
Investment adviser representatives
- IARs registered with the firm
- 39
- Also registered through a broker-dealer
- 39
- Employees who are IARs (Form ADV 5.B(3))
- 44
Designations held by the firm's IARs: CFP 8, ChFC 2.
3 of the firm's 39 IARs are registered in jurisdictions that require IAR CE. IAR CE requirements by state.
Counts only. AdvisorIQ does not list individual people.
Disclosures
On Form ADV Item 11 the firm answered yes to 0 disclosure questions. See the detail on IAPD.
Succession and acquired firms
On Form ADV Item 4 the firm did not report succeeding to another adviser's business.
Similar-sized firms in Kansas
| Firm | City | RAUM |
|---|---|---|
| ETF Portfolio Partners, Inc. | Leawood | $431.1 million |
| Market Investment Group, LLC | Wichita | $416.4 million |
| Legacy Investment Partners, LLC | Overland Park | $403.1 million |
| MN Wealth Advisors, LLC | Overland Park | $394.2 million |
| S&A Financial Services, Inc. | Overland Park | $392.3 million |
The five wealth firms, broker-dealer affiliated firms included, nearest in regulatory assets with a main office in the same state.
Elsewhere
- Copper Financial on IAPD: Form ADV, brochures and disclosure detail.
- Firm website: cu.financial
- Wealth management firms in Kansas
Firm data as of October 2, 2026, from ia100226.zip. Figures are as the firm reported them; corrections are made on Form ADV and appear after the next monthly reload.
Data as of October 2, 2026, from Form ADV. Sources: SEC registered adviser data (ia100226.zip) and IAPD compilation reports. How the directory is built.