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Acropolis Investment Management

Updated today

Client assets under management

$2,478,493,875

Clients

1,037

61% high-net worth

Advisors

36

of 44 employees

Firm type

Multi Team

Clients per advisor

29

Very Low

Average account size

$2,390,062

About

Acropolis Investment Management, LLC is a fee‑only wealth management firm that provides financial planning and portfolio management to individuals (including trusts and estates), institutional clients (corporations, banks, endowments, and charitable organizations), and company‑sponsored and multiemployer retirement plans. The firm offers individual investment management, institutional portfolio services, and retirement‑plan advisory and education, and may support clients through sub‑advisor or solicitor arrangements.

Investment decisions are driven by an asset‑allocation framework in which an Investment Committee uses long‑term commercial and academic data to estimate risk, return, and correlations and to construct diversified portfolios across equities, fixed income, mutual funds, ETFs and, when appropriate, private or alternative investments. Portfolios emphasize tax efficiency and low turnover, begin equity allocations from the MSCI World benchmark with a U.S. home‑bias adjustment, and apply quantitative and fundamental metrics (including Novy‑Marx measures and DCF analyses) for selecting larger‑cap individual stocks, typically managed on a discretionary basis under a signed Investment Policy Statement.

Distinctive elements noted in the brochure include a focused retirement practice for the union workplace delivered through Ullico Retirement Solutions and a solicitor/sub‑advisory relationship with Ullico Investment Advisors, along with an advisory role to 31 company‑sponsored plans with over $600 million in plan assets and approximately $2.64 billion in discretionary AUM. The firm issues regular quarterly performance reports, provides participant education and on‑site sessions, participates in fee‑sharing solicitation arrangements, and uses AI tools for administrative tasks (meeting note‑taking and agenda preparation) while expressly not using AI for investment decision‑making.

Client services

Financial planning Portfolio management Newsletters or periodicals Educational seminars or workshops

Expertise

Passive / index investing Active portfolio management Concentrated stock management Real estate investing Wealth management

Occupation focus

Retired Founder/Business Owner Union Employee Executive

Fee options

Fixed

Consulting services available on a negotiable retainer or monthly fixed fee basis

Percentage

$0 - $500,000: 1.25% $500,001 - $1,500,000: 1.15% $1,500,001 - $3,000,000: 1.00% $3,000,001 - $5,500,000: 0.85% $5,500,001 - $10,500,000: 0.75% $10,500,001+: 0.40%

Other

Account minimum: $1,000,000 Minimum fee: Minimum annual fee $10,000 for institutional clients; $9,000 minimum fee for company sponsored retirement plans Fee-only: Fee-only wealth management firm; fees are based on assets under management; no commissions charged

Main office location

Acropolis Investment Management

14567 North Outer Forty Road, Suite 200

Chesterfield MO 63017, United States

Number of offices

1

Most active in

Alabama · Arizona · California · Colorado · District of Columbia · Florida · Illinois · Indiana · Iowa · Kansas · Louisiana · Maryland · Michigan · Minnesota · Missouri · Nebraska · New York · North Carolina · Ohio · Oregon · Pennsylvania · South Carolina · Texas · Virginia · Washington

Disclosures

Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.

Business activities & affiliations

Advisors at this firm

user avatar

Michael L

Series 65

Chesterfield, MO

Acropolis Investment Management

Michael Lissner is a financial advisor at Acropolis Investment Management, L.L.C. with 23 years of industry experience. He holds a Series 65 designation and has been with Acropolis since 2002. Acropolis Investment Management is a fee-only wealth management firm serving individual investors, institutional clients, and company-sponsored retirement plans. The firm employs a committee-driven investment process focused on strategic asset allocation, tax-aware implementation, and low turnover, combining equities, bonds, mutual funds, and ETFs with quantitative and fundamental analysis.

Passive / index investing Active portfolio management Concentrated stock management Real estate investing Wealth management Retired Founder/Business Owner Union Employee Executive
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Marie T

CFP®, Series 65

Chesterfield, MO

Acropolis Investment Management

Marie Tustin is a CFP® and holds a Series 65 license with 12 years of industry experience. She has been with Acropolis Investment Management, L.L.C. since 2013, serving in various roles over that time. Acropolis Investment Management, L.L.C. is a fee-only wealth management firm offering discretionary portfolio management and advisory services to individual investors, institutional clients, and company-sponsored retirement plans. The firm employs a committee-driven investment process focused on strategic asset allocation, tax-aware implementation, and low turnover, using a combination of equities, bonds, mutual funds, and ETFs.

Passive / index investing Active portfolio management Concentrated stock management Real estate investing Wealth management Retired Founder/Business Owner Union Employee Executive
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Jack C

Series 65

Chesterfield, MO

Acropolis Investment Management

Jack Carpenter is a financial advisor with Acropolis Investment Management, L.L.C., holding a Series 65 designation and one year of industry experience. His prior work includes roles at UMSL and J & R Construction. Acropolis Investment Management, LLC is a fee-only wealth management firm serving individual investors, institutional clients, and company-sponsored retirement plans. The firm employs a committee-driven investment process focused on strategic asset allocation, tax-aware implementation, and low turnover, utilizing a mix of equities, bonds, mutual funds, and ETFs.

Passive / index investing Active portfolio management Concentrated stock management Real estate investing Wealth management Retired Founder/Business Owner Union Employee Executive
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Minjung S

CFA®, Series 65

Chesterfield, MO

Acropolis Investment Management

Minjung Son is a CFA® charterholder with 21 years of industry experience, currently serving at Acropolis Investment Management, L.L.C. since 2004. She holds a Series 65 license and is based in Chesterfield, MO. Acropolis Investment Management, LLC is a fee-only wealth management firm that offers discretionary portfolio management and advisory services to individuals, institutional clients, and company-sponsored retirement plans. The firm employs a committee-driven investment process focused on strategic asset allocation, tax-aware implementation, and low turnover, blending equities, bonds, mutual funds, and ETFs with a U.S. home bias.

Passive / index investing Active portfolio management Concentrated stock management Real estate investing Wealth management Retired Founder/Business Owner Union Employee Executive
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Amy C

Series 65

Chesterfield, MO

Acropolis Investment Management

Amy Crews is a financial advisor at Acropolis Investment Management, L.L.C. with 12 years of industry experience. She holds a Series 65 designation and has been with Acropolis since 2013. Acropolis Investment Management is a fee-only wealth management firm serving individual investors, institutional clients, and company-sponsored retirement plans. The firm employs a committee-driven investment process focused on strategic asset allocation, tax-aware implementation, and uses a blend of equities, bonds, mutual funds, and ETFs with an emphasis on U.S. markets.

Passive / index investing Active portfolio management Concentrated stock management Real estate investing Wealth management Retired Founder/Business Owner Union Employee Executive
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Alex U

Series 65

Chesterfield, MO

Acropolis Investment Management

Alex Umble is a financial advisor at Acropolis Investment Management, L.L.C. with one year of industry experience. He holds the Series 65 designation and has been with Acropolis since 2022. Prior to his current role, he was a student at Edinboro University from 2018 to 2021. Acropolis Investment Management is a fee-only wealth management firm that serves individual investors, institutional clients, and company-sponsored retirement plans. The firm employs a committee-driven investment process focused on strategic asset allocation, tax-aware implementation, and low turnover, using a mix of equities, bonds, mutual funds, and ETFs.

Passive / index investing Active portfolio management Concentrated stock management Real estate investing Wealth management Retired Founder/Business Owner Union Employee Executive
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Kaley P

CFP®, Series 65

Chesterfield, MO

Acropolis Investment Management

Kaley Pogrelis is a CFP®-designated financial advisor with 10 years of industry experience, currently serving clients at Acropolis Investment Management, L.L.C. since 2014. She holds a Series 65 license and is based in Chesterfield, MO. Acropolis Investment Management is a fee-only wealth management firm that offers discretionary portfolio management and advisory services to individual investors, institutional clients, and company-sponsored retirement plans. The firm employs a committee-driven investment process focused on strategic asset allocation, tax-aware implementation, and low turnover, combining quantitative modeling with security-level analysis.

Passive / index investing Active portfolio management Concentrated stock management Real estate investing Wealth management Retired Founder/Business Owner Union Employee Executive
user avatar

Nathan W

Series 65

Chesterfield, MO

Acropolis Investment Management

Nathan Ward is a financial advisor at Acropolis Investment Management, L.L.C. with three years of industry experience. He holds a Series 65 designation and has been with Acropolis since 2020. Prior to his advisory career, he was a student for ten years. Acropolis Investment Management is a fee-only wealth management firm serving individual investors, institutional clients, and company-sponsored retirement plans. The firm’s investment approach is committee-driven and focuses on strategic asset allocation, tax-aware implementation, and low turnover, utilizing a blend of equities, bonds, mutual funds, and ETFs.

Passive / index investing Active portfolio management Concentrated stock management Real estate investing Wealth management Retired Founder/Business Owner Union Employee Executive
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Michele C

CFP®, Series 63, Series 65

Chesterfield, MO

Acropolis Investment Management

Michele Clark is a CFP®-certified financial advisor with 25 years of industry experience. She has worked at Acropolis Investment Management, LLC since 2019 and previously operated Clark Hourly Financial Planning, LLC for nine years. Acropolis Investment Management, LLC is a fee-only wealth management firm serving individual investors, institutional clients, and company-sponsored retirement plans. The firm employs a committee-driven investment process focused on strategic asset allocation, tax-aware implementation, and low turnover, combining quantitative modeling with security-level analysis.

Passive / index investing Active portfolio management Concentrated stock management Real estate investing Wealth management Retired Founder/Business Owner Union Employee Executive
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William M

CFP®, Series 63

Chesterfield, MO

Acropolis Investment Management

William Mckillip is a CFP® with 29 years of industry experience, currently serving as an advisor at Acropolis Investment Management, L.L.C. since 2018. He previously worked at MML Investors Services, Inc. for 21 years and has been affiliated with Massachusetts Mutual Life Insurance Company since 1994. Outside of his advisory role, he is a partner in McKillip Financial Services, which focuses on life, health, disability, and long-term care insurance. Acropolis Investment Management, LLC is a fee-only wealth management firm offering discretionary portfolio management and advisory services to individuals, institutional clients, and retirement plans. The firm employs a committee-driven investment process emphasizing strategic asset allocation, tax-aware implementation, and a blend of equities, bonds, mutual funds, and ETFs with a U.S. home bias.

Passive / index investing Active portfolio management Concentrated stock management Real estate investing Wealth management Retired Founder/Business Owner Union Employee Executive
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Cliff R

CFP®, CFA®, Series 65

Chesterfield, MO

Acropolis Investment Management

Cliff Reynolds is a CFP®, CFA®, and Series 65 credentialed financial advisor with 18 years of industry experience. He has been with Acropolis Investment Management, L.L.C. since 2007. Acropolis Investment Management, L.L.C. is a fee-only wealth management firm serving individual investors, institutional clients, and company-sponsored retirement plans. The firm uses a committee-driven investment process focused on strategic asset allocation, tax-aware implementation, and low turnover, combining quantitative models with security-level analysis and maintaining a U.S. home bias.

Passive / index investing Active portfolio management Concentrated stock management Real estate investing Wealth management Retired Founder/Business Owner Union Employee Executive
user avatar

Miranda H

Series 65

Chesterfield, MO

Acropolis Investment Management

Miranda Hagar is a financial advisor at Acropolis Investment Management, L.L.C. with three years of industry experience. She holds a Series 65 designation and has previously worked at United Health Group, Palm Health, and Blue Cross Blue Shield of Texas. Outside of finance, she has experience with Dale Carnegie Training and Sumits Yoga. Acropolis Investment Management, LLC is a fee-only wealth management firm serving individual investors, institutional clients, and company-sponsored retirement plans. The firm employs a committee-driven investment process focused on strategic asset allocation, tax-aware implementation, and low turnover, utilizing a blend of equities, bonds, mutual funds, and ETFs.

Passive / index investing Active portfolio management Concentrated stock management Real estate investing Wealth management Retired Founder/Business Owner Union Employee Executive
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Joseph K

Series 65

Chesterfield, MO

Acropolis Investment Management

Joseph Kelley is a Series 65-licensed financial advisor with Acropolis Investment Management, L.L.C., where he has worked since 2008. He has 17 years of industry experience and is based in Chesterfield, MO. Acropolis Investment Management is a fee-only wealth management firm serving individual investors, institutional clients, and retirement plans. The firm employs a committee-driven investment process focused on strategic asset allocation, tax-aware implementation, and low turnover, utilizing a mix of equities, bonds, mutual funds, and ETFs.

Passive / index investing Active portfolio management Concentrated stock management Real estate investing Wealth management Retired Founder/Business Owner Union Employee Executive
user avatar

Dannelle W

CFP®, Series 63, Series 65

Chesterfield, MO

Acropolis Investment Management

Dannelle Ward is a CFP® with 23 years of industry experience, currently serving at Acropolis Investment Management, L.L.C. since 2002. She holds Series 63 and Series 65 licenses and is based in Chesterfield, MO. Acropolis Investment Management, L.L.C. is a fee-only wealth management firm that offers discretionary portfolio management and advisory services to individuals, institutional clients, and company-sponsored retirement plans. The firm employs a committee-driven investment process focused on strategic asset allocation, tax-aware implementation, and low turnover, utilizing a mix of equities, bonds, mutual funds, and ETFs.

Passive / index investing Active portfolio management Concentrated stock management Real estate investing Wealth management Retired Founder/Business Owner Union Employee Executive
user avatar

Matthew A

Series 65

Chesterfield, MO

Acropolis Investment Management

Matthew Adrignola is a financial advisor at Acropolis Investment Management, L.L.C. He holds a Series 65 designation and has one year of industry experience. Prior to joining Acropolis, he worked at Edward Jones for five years and also has experience in staffing services and the restaurant industry. Acropolis Investment Management is a fee-only wealth management firm serving individual investors, institutional clients, and company-sponsored retirement plans. The firm employs a committee-driven investment process focused on strategic asset allocation, tax-aware implementation, and low turnover, using a mix of equities, bonds, mutual funds, and ETFs.

Passive / index investing Active portfolio management Concentrated stock management Real estate investing Wealth management Retired Founder/Business Owner Union Employee Executive
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