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Michael Barber

Modern Wealth Management, LLC
20 Years of Experience
Kansas City, MO
4 DisclosuresSells Insurance
View SEC Summary
View SEC Summary

Michael Barber is a registered investment advisor at Modern Wealth Management, LLC, based in Kansas City, MO, with 20 years of industry experience. Michael operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Estate Planning, High Net Worth, Insurance Planning, Investment Management, and 2 more. Their firm serves 11,934 clients with $11B in assets under management.

Modern Wealth Management, LLC
Compensation
Fee-Only (% of Portfolio)Fixed/Hourly
Firm Size
155 advisors
Number of Clients
11,934 clients
Average Client Portfolio
$914K average
Assets Under Management
$10.9B

Fee Structure

Minimum Investment:$250K
Planning is included in investment management (also available separately)
Portfolio-Based Fees (Tiered)
Portfolio ValueAnnual Fee
Up to $500K1.50%
$500K - $1.0M1.25%
$1.0M - $3.0M1.00%
$3.0M - $5.0M0.75%
$5.0M - $10.0M0.65%
$10M+0.55%

Fees are negotiable. Eligible first responder and military households receive a discounted rate of 1.25% on the first tier ($0-$499,999).

Fee Estimator
Your Portfolio Value
$500K
$0$500K$1M$5M$20M
Estimated Annual Fee
—
View Full SEC Brochure

Location

1712 Main Street, Suite 400, Kansas City, MO, 64108

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History

Regulatory History (4)
What are disclosures? Advisors must report customer complaints, regulatory actions, and certain legal or financial events to the SEC. Not all disclosures are serious—many are settled disputes or minor violations. Learn how to evaluate them.
Customer Dispute
January 2013
Settled
Customer Dispute
March 2011
Settled
Customer Dispute
September 2009
Denied
Customer Dispute
March 2009
Denied
View Full SEC ReportHow to Read Disclosures
Other Business ActivitiesSells Insurance

Michael is involved in several business activities, including Legacy Management LLC, Barber Wealth Management, BFG Advisors Group LLC, and Modern Wealth Management LLC. He also works as an independent insurance agent, selling life insurance and other insurance products.

Employment History
Current Registrations
Modern Wealth Management, LLC
April 2023 - Present · 3 yrs 6 mos
Previous Registrations
Mutual Securities, INC.Broker
August 2016 - March 2025 · 8 yrs 7 mos
Barber Financial Group
January 2011 - December 2023 · 12 yrs 11 mos
National Planning Corporation ("npc of America" in Fl & Ny)
May 2007 - January 2015 · 7 yrs 8 mos
National Planning CorporationBroker
April 2007 - August 2016 · 9 yrs 4 mos
Ing Financial Partners, INC
June 2006 - April 2007 · 10 mos
Ing Financial Partners, INC.Broker
October 2005 - April 2007 · 1 yr 6 mos
State Registrations2 states
KSMO
Advisor

You can work with an advisor not registered in your state. Most advisors can legally serve a small number of clients across state lines without registering.

Exams
No exam information available for this advisor.
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