The Kansas City area has a new player in wealth management, and it’s a sizeable one: Four smaller firms have merged to create Overland Park-based Infinitas. With $1.47 billion in assets under management, the combined entity would have ranked in the Top 30 of area firms by AUM in 2016.
The company is a merger of Gateway Financial, Pegasus Capital Management, Summit Wealth Advisors and Trinity Planning Group, and is based in the Corporate Woods office park, where it brings together 14 advisers and 35 associates, with expertise in executive benefits, stock options, corporate retirement plans and families with children of special needs.
Officials said it made sense to merge because all four were operating with Boston’s Commonwealth Financial Network as dealer-broker. But it also allows younger brokers to engage with mentors and help the firm with its strategic goal of attracting Millennials as they move into wealth-accumulation age.