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— 515-233-0307 —

Find Your Balance

Between Your Goals & Financial Means

Fee-Only Wealth Management In Ames & Central Iowa

Marrs Wealth Management is an Independent, fee-only and Registered Investment Adviser in Ames & Central Iowa. As a Fiduciary, our entire focus is on developing and managing a comprehensive financial strategy that meets your unique needs.  

Find Your Balance Between Your Goals & Financial Means

At Marrs Wealth Management, we understand the need to balance your current obligations with your future expectations, and we'll help you develop a plan to achieve that balance. With deep roots in this community, we enjoy working with Central Iowans who appreciate our long-term approach focusing on their goals. 






Named one of the top 9 Financial Advisors in Iowa by AdvisoryHQ

Marrs Wealth Management, LLC was recognized for the third time in  AdvisoryHQ’s 2018 Ranking of the Top Financial Advisors in Iowa. The firm was 1 of only 9 firms in the entire state of Iowa to be honored, and was the only firm in Ames with this award. The listing is designed to provide objective, comprehensive research to help the everyday consumer make informed financial decisions. All research performed is done from the consumer’s perspective.

In its review, AdvisoryHQ cited Marrs Wealth Management’s website: “Independence is its own reward.  Marrs Wealth Management is an independent, fee-only Registered Investment Advisor (RIA) and fiduciary. There are no shareholders calling the shots and no incentives that interfere with your best interest. As such, you remain their only concern.  With a client-centric approach and strong set of core financial services, Marrs Wealth Management is one of the best financial advisors in Iowa to consider partnering with this year.”

Since 2010, Marrs Wealth Management has been serving Ames, Iowa and the surrounding community with tailored financial advice. As opposed to offering products, Marrs Wealth Management has built the practice on offering clients practical advice and guidance towards financial independence.  


In 1985, Craig Marrs began his career as a personal financial professional. Craig has always been committed to providing objective, independent advice that is always in the best interest of his clients.

Over the years, Craig grew the practice through referrals from loyal and trusting clients. Marrs Wealth Management’s vision is to be the foremost trusted and knowledgeable wealth management provider in Central Iowa, and that vision guides all that the firm does. 


The building and office location of Marrs Wealth Management is historic. In 1938, the building was established as The “McFarland Medical Building”, where it served as a center for thriving medical practices. Almost 50 years later, it was purchased by the City of Ames due to foreclosure.  The Partnership Press Inc., former owner of Ames Tribune, purchased the building to serve as their corporate headquarters. In 2012, Craig & Beth acquired the building from Ames Tribune.  Craig is committed to the historic preservation of downtown Ames and has been recognized for his efforts.  



OUR Team

Craig Marrs CFP®, CIMA®, AIF® Photo

Craig Marrs CFP®, CIMA®, AIF®

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Craig has been a financial adviser since 1985 and opened Marrs Wealth Management in 2010.  Craig remains a steadying influence to his clients and has grown the practice through referrals from loyal and trusting clients.

Craig has received designations Certified Financial Planner Practitioner (CFP®) from the College for Financial Planning, the Certified Investment Management Analyst (CIMA®) from the Wharton School of Business and in 2011 the Accredited Investment Fiduciary® (AIF®) designation from Fiduciary360 (fi360).

Craig enjoys biking, hiking, swimming and running.  He has participated in marathons in Boston, New York, and Paris along with others and has also participated in several triathlons.  Craig also enjoys travel and visiting the mountains in Colorado.

Craig has raised money annually since 1997 for the Leukemia & Lymphoma Society’s “Team in Training” (TNT).

Craig graduated from Iowa State University in 1984 with a Bachelors in Business Administration Degree in Finance.

Craig has served as:

  • Current member of Iowa State University Alumni Association - Finance & Audit Committee
  • Current member of Iowa State University Foundation Board of Governors
  • Past Member of Mary Greeley Medical Center Investment Committee
  • Past member of Iowa State University Foundation Investment Committee
  • Past President and member of the Ames Morning Rotary Club
  • Past Board Chair of YSS
  • Past Board Member of Mary Greeley Medical Center
  • 2001 Recipient of the Ames Chamber of Commerce Volunteer of the Year Award
  • 2001 Recipient of the Iowa State Alumni Association Young Alumnus of the Year
  • Past co-chair of Ames High Booster Club
Nathan Brammer MBA, CIMA®, AIF® Photo

Nathan Brammer MBA, CIMA®, AIF®

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Nathan earned his CIMA® certification in 2017.  He has been a financial adviser since 1991.  He brings a reputation of providing clients with a high level of investment management, financial planning, and personalized service to help individuals reach their financial goals. 

Nathan is a 1988 graduate of Luther College and earned his Master in Business Administration from Foster College of Business at Bradley University in 1991.  

Nathan began his career at Norwest Banks’ Investment Service in 1992 and then transitioned to Community First BancShares where he served as Corporate Vice President/National Sales Manager for the Investment Group.  Nathan was responsible for the oversight of 50 full-time brokers and 400 licensed bankers in 12 states.   

In 2003 Nathan joined VisionBank (formerly Ames Community Bank) as Vice President/Financial Advisor and was the primary Investment Advisor Representative serving five communities throughout Central Iowa.  Nathan is a Series 65.  He is an active member of the Christ Community Church.  Nathan has had the opportunity to coach numerous youth teams in the Ames area.

As a committed professional with your interests at heart, Nathan regularly attends professional seminars, workshops and meetings to keep up to date on industry changes. 

Andra Reason           CPA, CFP®, CSEP® Photo

Andra Reason CPA, CFP®, CSEP®

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Andra received her Certified Financial Planner (CFP®) designation in 2016.  She has been a CPA since 1999. She provides tax and estate planning, drawing on years of experience in gift and estate taxes as well as individual and trust income taxes.  Andra has developed relationships with attorneys and corporate trustees to further help clients.  She also serves as Chief Financial Officer.  

In 2009, Andra earned the Certified Specialist in Estate Planning (CSEP®) designation. Andra has a Bachelor of Science Degree in Accounting from the University of Northern Iowa.  She began her career in 1999 as a staff and senior accountant with Deloitte in Des Moines, Iowa. 

In 2002, her family moved to State College, Pennsylvania.  Andra continued to work in public accounting and was promoted to tax manager with SFC, a regional firm in Pennsylvania, where she stayed for nine years.  Andra most recently worked for three years as the tax manager at LWBJ, in the Ames office.

Some of Andra's community involvement includes:

  • Current President of Mid-Iowa Planned Giving Council
  • Past Treasurer for the Ames Soccer Club
  • Past Treasurer for Raising Readers in Story County
  • Served as a Board Member of the Communities That Care in State College
Kent Frankenfeld Photo

Kent Frankenfeld

Client Service Administrator
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Director of Operations


Kent has been in the banking and financial investment business since 1978.  He provides non-advice-related support to clients including organizing client meetings, collecting client data and preparing correspondence.  Kent is also actively involved with compliance monitoring and updates.

Kent is a 2006 graduate of the Graduate School of Banking at Colorado.  A 1978 graduate of the University of South Dakota (BS in Business Administration), Kent came to Des Moines in 1983 after working for a small savings and loan in his home town of Rapid City, S.D. and then as an Investment Representative for E. F. Hutton Financial Services.  

Prior to his move to Ames and Marrs Wealth Management, Kent was a Financial Advisor for Ameriprise in Des Moines for two years and the President and CEO of Horizon Financial Services, Inc. and Horizon Bank in Oskaloosa, Iowa.  

Kent and his wife, Brenda, are also active with events with the Iowa 4H Foundations and attend Christ Community Church.

Some of Kent's community involvement includes:

  • Member of Rotary Club of Ames (Noon)
  • Seves on Rotary Club of Ames Foundation Committee
  • Connect Group Moderator & Discussion Leader at Christ Community Church
Stacie Hostetler Photo

Stacie Hostetler

Portfolio Administrator
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Administrative Assistant


Stacie has been in the wealth management industry since 2002. She has held various roles in client relations and administration.  Stacie uses her experience in customer service to assist clients and work between the fund companies, along with new client onboarding.

Stacie has a Bachelor of Liberal Arts Degree in Music and Piano from Iowa State University.  She worked for a recording studio in Clive as a Production Technician in 1999 - 2001.  Stacie has worked in various customer service areas since that time.  She joined Farm Bureau Financial Services in 2002 as the office assistant.  In 2008, Stacie began working for Nathan Brammer at VisionBank as his Sales/Marketing Assistant.  She joined Marrs Wealth Management in 2015.  

In Stacie's free time, she enjoys helping with her children's activities, running and traveling with family.  

Some of Stacie's community involvement includes:

  • Board Member of Colo-NESCO Park & Recreation
  • Church Pianist for Colo United Methodist Church and Collins United Methodist Church
  • Accompanist at Colo-NESCO School

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SERVICES And Fiduciary Standard

Wealth Management

Investment Management

Our investment management is combined with our personal service. We customize investment portfolios in an effort to maximize your risk-adjusted returns after taxes, inflation and fees. Through substantial investments in both in-house and third party research, you have access to investment opportunities across traditional and alternative asset classes.

Each of our investment recommendations is customized to meet your specific circumstances, and you will always know how your portfolio is performing through regular reporting. As fiduciaries, we are responsible for protecting our clients’ best interests - and as such we do not operate as traditional stockbrokers.

We also offer discounts for non-profits for endowment management.

Tax planning

Proactive tax planning helps recover what is owed to you. Obtaining your maximum refund is our primary objective. That is why our tax planning is tailored to each individual. We incorporate a strategic tax plan which is applied throughout the year and engages all areas of your finances. That is just one of the benefits to having a comprehensive financial planner.

Debt reduction

At Marrs Wealth Management, we understand that a debt can be a heavy burden to carry. That is why we not only help you invest for the future, but we incorporate money management strategies that will help you to manage and reduce your debt. Debt reduction is available to clients through a variety of resolutions and rectifications. With an analysis of your current financial situation, we can find out if you qualify.

Retirement planning

You only get one retirement - make it a great one! We can help you plan for your ideal retirement by focusing on the areas that are most important to you, and making them a priority. We help you identify and prioritize your long-term goals by creating a vision for your future, lifestyle, where you’ll live, and how much it will cost. Our goal is to help you make the best decisions to achieve your long-term expectations, whatever they may be.

Estate planning

We offer succession plans to protect your heirs. This is provided through a review of your existing estate planning documents or recommend that you obtain the appropriate estate plan documents for your current situation from an attorney. Developing an estate plan can create significant savings to survivors, in time and money, by avoiding the costly probate process and minimizing estate taxes. By establishing a sound estate plan, you'll have peace of mind that your heirs will not have difficult financial decisions to make.

Insurance analysis

As you bounce from different stages of your life, your insurance needs follow close behind. That term-life policy you needed when your kids were young may not cover you and your spouse’s current income needs. Through a series of “what-if” scenarios, we can help you determine:

  • What kind of coverage you need and for how long.
  • If you are paying for insurance that you no longer need.
  • How to select the right policy from the right insurance companies.



Best Practices: Professional Conduct standards

December 22, 2017


Best Practices are professional conduct standards that outline what the Board believes fiduciary advisors should do for clients. Here, each Best Practice is listed and described in italics below it. The practices seek to uphold a high standard of transparent and objective advice. A firm subscribing to Best Practices affirms with these actions, to:


1.  Affirm the fiduciary standard under the Advisers Act of 1940, common law and, if applicable, ERISA and DOL’s COI Rule, govern all professional advisory client relationships at all times.

Fiduciary status, as required in law, applies at all times in all client engagements and this affirmation is stated in writing 

2.  Establish and document a “reasonable basis” for advice in the best interest of the client.

Advice is given on a “reasonable basis” and a summary of this “reasonable basis” will be provided by your advisor in writing upon request.  

3.  Communicate clearly and truthfully, both orally and in writing.  Do not mislead.  Make all disclosures and important agreements in writing.

Al important client agreements and disclosures are put in writing and that no written or verbal statements are misleading 

4.  Provide a written statement of total fees and underlying investment expenses paid by the client. Include any payments to the advisor or the firm or related parties from any third party resulting from the advisor’s recommendations.

Your advisor provides a good faith estimate of fees and expenses in writing during the starting phase of the engagement when the investment policy is agreed to. Thereafter, your advisor will offer to all clients and will provide, upon request, an annual good faith estimate in writing of total fees and expenses incurred by each client and paid to the firm or related parties because of my advice. 

5.  Avoid conflicts and potential conflicts. Disclose all unavoidable potential and actual conflicts. Manage or mitigate material conflicts. Acknowledge that material conflicts of interest are incompatible with objective advice.

Your advisor seeks to avoid conflicts of interest. For unavoidable conflicts, your advisor 1) affirmatively discloses the conflict with ‘sufficiently specific facts’ to allow client understanding, and 2) manages the conflict to preserve the clients best interests. For material conflicts your advisor 3) obtains informed written client consent. Also, 4) your advisor affirms the transaction remains consistent with the client’s best interests. Further, he or she provides clients and prospective clients a written description of conflicts and steps to manage them.     

6.  Abstain from principal trading unless a client initiates an order to purchase the security on an unsolicited basis.

Your advisor abstains from principal trading – unless specifically requested by a client without your advisor’s urgings.

7.  Only accept compensation in the form of fees paid directly by clients.  Avoid compensation in association with client transactions.

All payments to the firm or advisor associated with the product sales are disallowed.

8.  Avoid gifts or entertainment that are not minimal and not occasional. Avoid third party payments, “benefits” and indirect payments that do not generally benefit the firm’s clients and may reasonably be perceived to impair objectivity.

Gifts and entertainment received are minimal and occasional. Any third party compensation or benefits received by the firm generally benefit the firm’s clients and do not impair my objectivity.  The firm's complete policy on gifts and entertainment and "soft dollars" is available on request.

9.  Ensure baseline knowledge, competence and ongoing education appropriate for the engagement.

Your advisor’s education, professional certifications and ongoing education are appropriate for client engagements, and, at minimum, include an undergraduate degree and either a relevant post graduate education or a specialized designation or certification requiring significant additional education.  

10.  Institute an investment policy statement (IPS) or an investment policy process (IPP) that is appropriate to the engagement and describes the investment strategy. Have access to a representative universe of investment vehicles that provide ample options to meet the desired asset allocation in consideration of generally accepted criteria.

The IPS or IPP may be of varying lengths, but it should express, at minimum, assumptions regarding objectives, risk and performance.  Follow and document a prudent process of due diligence to research and analyze investment vehicles.  On request, document the prudent process applicable to any recommendation and the investment program is implemented consistent with the IPS or IPP.

11.  Consider peer group rankings or apply specific procedures in ensuring underlying investment expenses are reasonable.

Your advisor benchmarks the fees and costs clients incur with reliable services or surveys other resources and / or has procedures to determine that client expenses are reasonable. 

12.  The advisor affirms in writing adherence to Best Practices, and attains written affirmation from the firm that these business practices may be met by the advisor.

You advisor affirms adherence to Best Practices and no firm policy interferes with this adherence.  



Marrs Wealth Management Ameritrade TIAA Charles Schwab Riskalyze



Click the picture to start the video.


How Much Income Do You Need in Retirement?

How much retirement income is enough?  In this video, Marlena Lee, PhD, explains that the answer should be customized for each individual, based on their lifestyle and their income prior to retirement.


How Much Should You Save for Retirement?

How much should you be saving for retirement?  Massi De Santis, PhD, explains that the answer should be customized for each individual, based on how their income grows prior to retirement.




313 Fifth Street Suite 101
Ames, IA 50010