Six partners form SEC Registered Investment Adviser and financial planning firm to bring expanded financial services and fiduciary-driven wealth management to clients in Kansas City.

Kansas City-based Tax Favored Benefits, a financial services firm, has created a sister company and new business entity, TFB Advisors, a Registered Investment Advisor and wealth management firm.

It will bring a full suite of wealth, investment and retirement planning services to clients across the country, working together to serve as a partner to help individuals, families and business owners achieve financial success, the firm said in a statement this week.

The newly-established TFB Advisors leadership team includes six partners who have worked together as colleagues and peers for many years: David Wentz JD, Bill Stapp JD, Josh Selzer JD, Tim Gaigals CFP, Dan Dolan ChFC, CLU, LUTF and Adam Bettis AIF, the firm added.

“We’ve been working together for many years now,” said Wentz, “but it was time to formalize our partnership.”

“This new entity, TFB Advisors, will allow us to best serve our clients. The decision to form TFB Advisors, LLC as a new sister company to Tax Favored Benefits, was driven by the desire to enhance the client experience,” he added.

“We will be announcing new services, investment offerings, financial planning solutions, and technology as we continue our ever-evolving journey and quest to enhance all aspects of the client experience,” said Selzer. 

“Once the transition of fee-based assets has been completed, TFB Advisors expects total assets under management to be approximately $2 billion,” said Gaigals.

“The creation of this partnership between highly-experienced and proven, long-tenured advisors establishes the opportunity to grow in the future. The new RIA structure will allow us to offer new investment and financial planning solutions to clients,” he added.

Custodial services will be provided by Schwab Advisor Services and AssetMark, the firm explained. Schwab is a provider of custody, trading, and support services for independent investment advisors whilst AssetMark is a provider of wealth management and technology solutions that help financial advisors meet their clients' needs.

“At Tax Favored Benefits, we serve as a partner in helping individuals, families and business owners achieve financial success,” said Wentz.

“Headquartered in Kansas City, we are driven by our Midwestern values and work ethic and powered by a wide range of resources. Our experienced professionals provide a full suite of wealth, investment, and retirement planning services to clients across the country. We can help them achieve their version of personal and professional success because we put their best interests first, at all times and in all situations.”