(K) Plans, a d/b/a of Krilogy specializing in employer-sponsored retirement plans, has announced the addition of Elk Advisory Group. As a result of the merger, Matt Ott has been named President of (K) Plans, leading the team of advisors who manage $500 million in assets and serve 7,500 plan participants.
(K) Plans was formed by Krilogy in 2022 to support employers offering retirement savings plans, such as 401(k), 403(b), Simple IRAs, and profit sharing, among many others. This is an area where very few firms and advisors focus, which means the work is often handled by generalists who lack specific regulatory and management knowledge required to administer these types of plans. The addition of Matt Ott and the Elk Advisory team expands the firm’s capabilities and solidifies its commitment to focusing exclusively on employer-sponsored retirement plans.
“Through this merger, two market leaders in the retirement plan advisory space have come together to further our work in this very underserved niche in the financial services industry,” said Kent Skornia, President & CEO of Krilogy. “Establishing and managing employer-sponsored retirement plans is complex and requires a specialized level of knowledge and experience. (K) Plans addresses this need, giving business leaders the proper level of guidance while providing support to plan participants as they navigate investment options inside their retirement plan.”
As the regulatory environment around employer-sponsored plans continues to become more complicated, the (K) Plans team focuses on developing strategies to help employers adhere to compliance and oversight requirements. One example is the pension risk transfer, a strategy for pension plans to reduce liability and expenses. This is the specialized type of planning (K) Plans focuses on for all types of employer-sponsored retirement plans.
The expanded (K) Plans team will focus on educating employers and employees on holistic financial wellness, leveraging all of the resources of the broader in-house Krilogy team for assistance with wealth management, financial, estate and tax planning. Clients may collaborate with the attorneys at Krilogy Law, as well as the CPAs of Krilogy Tax. This provides a complete service offering to support what is, in many cases, the largest portion of clients’ investments – their company’s retirement plan.
(K) Plans operates with a philosophy that a strong, compliant, well-managed retirement plan builds company culture, improves the employee experience, and serves as an important part of an overall compensation plan to attract and retain talent.
“When I met the (K) Plans and Krilogy teams, the firm’s mission, To Inspire, To Serve, To Enrich Lives immediately resonated with me,” said Matt Ott, President of (K) Plans. “I’ve dedicated my career to these principals, serving clients who previously didn’t have access to the level of professional knowledge they needed. Krilogy and (K) Plans’ commitment to investing in team, technology and services expands our ability to serve this market in a comprehensive way. Our goal is to make the process simpler for those who administer the plans, create excitement for the great benefit being offered, and educate everyone involved to build confidence and engagement. I’m honored to lead the (K) Plans team and am excited to continue reaching more businesses and plan participants so they don’t have to go it alone.”
Skornia and Ott expect to double retirement plan assets under care each year for the next two to three years. (K) Plans advisors serve clients across the country.
About (K) Plans
(K) Plans is a financial advisory firm focused exclusively on serving companies offering employer-sponsored retirement plans and employees who participate in those plans. The firm is affiliated with Krilogy® through shared ownership, allowing for seamless access to the full team of wealth professionals, portfolio managers, CPAs, attorneys and technology specialists of the Krilogy® organization.
About Krilogy®:
Krilogy® is an independent wealth management firm known for its relentless effort to develop strategies and manage clients’ wealth, fostering a sense of confidence and readiness for the future. Founded in 2009, the firm provides its advisors the ability to utilize an institutional-style approach, that incorporates a disciplined, dynamic rebalancing process with the goal of smoothing volatility in returns. Krilogy has three offices in the St. Louis region and formed Krilogy Texas in 2023 with an office in Dallas.
From 2014-2018 and in 2021-2022, Krilogy® was named to the St. Louis Business Journal’s list of the Fastest Growing Companies in the region, as well as the INC 5000 list of the country’s fastest growing companies from 2014-2022. The firm was named among St. Louis’ “Best Places to Work” in 2021 by the St. Louis Business Journal for the sixth time.
Krilogy® has also been honored by the St. Louis Business Journal with the publication’s “Best Places to Work for Young Professionals” in 2018, and the “Advancement of Women” award in 2020. The firm was recognized by the Women’s Foundation of Greater St. Louis in 2020, 2022 and 2023 for demonstrating excellence in workplace gender equity. In 2021 and 2023, the firm earned a spot among InvestmentNews’ annual list of the Best Places to Work for Financial Advisors. Inc. Magazine named Krilogy® among the nation’s Best Workplaces and the St. Louis Post-Dispatch recognized the firm among region’s Top Workplaces from 2021-2023. In 2017 and 2018, Krilogy® received a Top Company Cultures award from Entrepreneur Magazine. Krilogy® was also listed in the 2016, 2018, 2019 and 2020
Financial Times FT 300 list of the country’s top Registered Investment Advisory (RIA) firms.
Krilogy Financial, LLC (Krilogy) is a Securities and Exchange Commission (“SEC”) Registered Investment Advisor. Krilogy Texas is a brand name operating under Krilogy and its registration. Krilogy Financial, LLC (Krilogy) is a Securities and Exchange Commission (“SEC”) Registered Investment Advisor. Krilogy Texas is a brand name operating under Krilogy and its registration. Clients of Krilogy Texas will be serviced through Krilogy. For additional information and disclosures about awards and honors received by Krilogy® and its advisors, please click here or call 314.884.2800.
KEP Law, LLC d/b/a Krilogy® Law is an independent law firm affiliated with Krilogy® through common ownership. Legal services are provided under separate engagement through KEP Law, LLC d/b/a Krilogy Law, an independently owned law firm affiliated by common ownership, servicing both Krilogy and non-Krilogy clients. The choice of a lawyer is an important decision and should not be solely based upon advertisement.
Tax services are provided under separate engagement with Krilogy Tax Services, LLC, a separate but affiliated entity to Krilogy.
