Fortune Financial Advisors, LLC

Fortune Financial Advisors, LLC, based in Overland Park, Kansas, has been providing fee-based financial consulting and investment management services since 1997. The firm, led by founder Dennis L. Wallace, operates as a limited liability company with six employees. As a registered investment adviser, Fortune Financial acts as a fiduciary, obligated to prioritize clients' interests. The firm offers discretionary investment management services, crafting personalized investment strategies based on clients' financial goals and risk profiles. Clients can expect services such as investment analysis, portfolio rebalancing, and ongoing monitoring. Fortune Financial does not maintain custody of client funds but recommends Charles Schwab & Co., Inc. as a qualified custodian. The firm charges fees based on a percentage of assets under management, with rates ranging from 1.25% to 2.00% depending on the account size. Financial planning services are also available, with fees negotiated case by case. Clients must have a minimum of $100,000 in assets to establish or maintain an account. Fortune Financial does not charge performance-based fees and primarily serves individuals, businesses, and retirement plans. The firm employs various investment strategies, including securities purchases, margin, and options trading, while emphasizing risk management. Clients receive regular reports and account reviews, ensuring transparency and alignment with their financial objectives.