Truman Wealth Advisors

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Client assets under management

$92,604,221

Clients

23% high-net worth

Advisors

of 3 employees

Firm type

Supported

1-3 advisors or $200M+ in AUM

Clients per advisor

Low

Average account size

$964,627

About

Truman Wealth Advisors is a small SEC‑registered advisory firm managing roughly $106 million for about 96 clients through a three‑advisor team. It offers discretionary and non‑discretionary investment management, financial planning and consulting, independent third‑party manager solutions, and retirement‑plan fiduciary and administrative services for individual and high‑net‑worth clients, multi‑generational families, and institutional plan sponsors.

The firm emphasizes diversified portfolios built primarily from mutual funds, ETFs, U.S. Treasuries, and municipal bonds and employs strategic and tactical asset‑allocation, long‑term holding, and value‑oriented strategies while considering alternatives or ESG/SIS approaches when requested. Truman Wealth integrates third‑party tools into its client process — including a risk‑profiling tool (Nitrogen), eMoney reporting, Advyzon for account administration, and a held‑away platform to monitor or rebalance employer‑sponsored and other external accounts.

Compared with many supported peers, Truman Wealth discloses the use of client testimonials in its advertising, which it notes as part of its outreach and is uncommon among similar firms. It also integrates optional third‑party tax‑planning (Holistiplan) and explicit legacy‑position management and held‑away account workflows into its service mix, reflecting a broader technology‑assisted planning and implementation approach than is typical for firms of its size.

Client services

Financial planning Portfolio management

Expertise

ESG / Sustainable investing Private / alternative investments

Fee options

Fixed

Consulting services initial consultation fee starts at $1,500; ongoing consulting services start at $7,500 annually, fees vary based on scope and complexity

Percentage

Maximum annual advisory fee is 2.00%, prorated and charged quarterly in advance or monthly in arrears

Main office location

Truman Wealth Advisors

411 N. College Avenue, Suite 201

Columbia MO 65201, United States

Number of offices

Most active in

Illinois · Minnesota · Missouri · Tennessee · Texas

Disclosures

Business activities & affiliations

Is not active or affiliated with:

Insurance agent

They sell insurance products and may earn commissions on those sales.

Broker-dealer / trader

They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.

Bank

They're affiliated with a bank that may offer its own financial products and services.

Trust company

They provide trust and estate administration services, typically for separate fees.

Fund sponsor

They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.

Accountant / CPA / tax prep

They offer tax and accounting services, typically for separate fees.

Lawyer

They provide legal services, typically billed separately.

Real estate agent

They facilitate real estate transactions and may earn commissions.

Other specialized services

They may provide services such as pension consulting or municipal advisory work, typically for separate fees.

Forms ADV

Form ADV Part 2: Client Brochure Form ADV Part 3: Client Relationship

Quick links

LinkedIn Facebook Instagram Website 573-540-4788

Advisors at this firm

Melinda M

CFP®, ChFC®, Series 65

Columbia, MO

Truman Wealth Advisors

Melinda Mc Cubbin is a CFP®, ChFC®, and Series 65-licensed financial advisor with seven years of industry experience. She has worked at Equita Financial Network, Inc. and Shelter Mutual Insurance Company before joining Truman Wealth Advisors, where she has been since 2018. Truman Wealth Advisors provides investment management, financial planning, consulting, and retirement services to individuals, families, retirement plans, corporations, and charitable foundations. The firm emphasizes diversified asset allocation using mutual funds, ETFs, government and municipal debt, and cash equivalents, and offers services that include legacy position management and third-party manager engagement.

ESG / Sustainable investing Private / alternative investments

Ellen O

CFP®, Series 66

St. Paul, MN

Truman Wealth Advisors

Ellen Osthus is a CFP® and holds a Series 66 license with 14 years of industry experience. She is currently with Truman Wealth Advisors, where she has worked since 2023. Her prior experience includes roles at Equita Financial Network, Feathered Paddle Wealth Partners, Access Financial Services, and BGM Wealth Partners. Truman Wealth Advisors offers investment management, financial planning, and consulting services to individuals, high-net-worth families, retirement plans, corporations, and charitable foundations. The firm emphasizes diversified asset allocation and incorporates third-party tools to support risk profiling, account management, financial planning, and reporting.

ESG / Sustainable investing Private / alternative investments

Maria H

CFP®, Series 65

Nashville, TN

Truman Wealth Advisors

Maria Hernandez Huerta is a CFP® with six years of industry experience, currently serving as an advisor at Truman Wealth Advisors. Her prior roles include positions at Equita Financial Network, Kaplan North America, Coats Financial Planning, and Hilliard Lyons. She also teaches an Investment Planning course part-time at Kaplan Partner University. Truman Wealth Advisors provides investment management, financial planning, and consulting services to individuals, high-net-worth and multi-generational families, retirement plans, corporations, and charitable foundations. The firm emphasizes diversified asset allocation and uses multiple third-party tools to support its advisory and operational processes.

ESG / Sustainable investing Private / alternative investments

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