Kensington Wealth Advisors LLC (Richmond)

Name: Kensington Wealth Advisors LLC
Address: 1707 Wyndale Ct, Richmond, TX, 77406
Telephone: (281) 674-4059

Kensington Wealth Advisors LLC is a large advisory firm based in Richmond. It manages $227.69 million of regulatory assets for 28 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdiction of Texas.

Kensington Wealth Advisors provides portfolio management for individuals and small businesses and sub adviser services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Kensington Wealth Advisors: assets under management

The assets under management (AUM) of Kensington Wealth Advisors LLC is $227.69 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -58% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $227.69 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $8.13 million each.

Investments

The firm invests in investment and business development companies the most. They account for 95% of the total AUM. The second-largest asset type is exchange traded securities, which make up 5% of the firm’s portfolio.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Kensington Wealth Advisors LLC for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Kensington Wealth Advisors serves?

The firm provides services to other investment advisers, high net worth individuals, and pooled investment vehicles. The largest group of clients of Kensington Wealth Advisors is other investment advisers with 4 clients and $115.64 million of assets under management. Among the 10 most similar advisory firms, Kensington Wealth Advisors has the highest percentage of other investment advisers out of all clients.

The amount of regulatory assets under management is $227.69 million for 28 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Kensington Wealth Advisors also advises several private funds.

Careers at Kensington Wealth Advisors LLC

The company employs 2 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 2 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Robert John Reis	Managing member/cco	1 Aug 2008	75% - 100%	1203309

Based in Richmond

The principal office where Kensington Wealth Advisors LLC performs its advisory services is located at 1707 Wyndale Ct, Richmond, TX 77406, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (281) 674-4059 or by fax N/A. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at kensingtonwealthllc.com.