Kelly Financial Group, LLC (Wethersfield)

Name: Kelly Financial Group, LLC
Address: 100 Great Meadow Road, Wethersfield, CT, 06109
Telephone: 860-258-2600

Kelly Financial Group, LLC is a multi-state adviser based in Wethersfield. It manages $64.73 million of regulatory assets for 415 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Arizona, California, Connecticut, and 14 other states.

Kelly Financial Group provides financial planning services, portfolio management for individuals and small businesses, selection of other advisers, and educational seminars and workshops. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Kelly Financial Group: assets under management

The assets under management (AUM) of Kelly Financial Group, LLC is $64.73 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -13% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $64.73 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $155.96 thousand each.

Kelly Financial Group has custody of $13.32 million in cash and securities for 61 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 75% of the total AUM. The second-largest asset type is exchange traded securities, which make up 14% of the firm’s portfolio. Investments in cash and cash equivalents form 7% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Kelly Financial Group, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. 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 Robert Gregory Hammond serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Robert Gregory Hammond is individuals with 283 clients and $43.13 million of assets under management. Among the 2 most similar advisory firms, Kelly Financial Group has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $63.84 million for 295 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.

Kelly Financial Group doesn't advise any private funds.

Careers at Kelly Financial Group, LLC

The company employs 9 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 4 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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.

Robert Gregory Hammond has been acting as President since 1 Jan 2005. Scott Thomas Iles joined the executive team most recently as the Vice President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Thomas Joseph Hine	Member	1 Jan 1995	25% - 50%	2000926
Walter James Kelly	Managing member	1 Jan 1995	50% - 75%	1510892
Robert Gregory Hammond	President/managing member, chief compliance officer	1 Jan 2005	50% - 75%	4019419
Scott Thomas Iles	Vice president	1 Jan 2005	25% - 50%	3181158

Based in Wethersfield

The principal office where Kelly Financial Group, LLC performs its advisory services is located at 100 Great Meadow Road, Wethersfield, CT 06109, which is also the mailing address of the firm. An additional office of the firm is in Woodbridge, CT. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 860-258-2600 or by fax 860-258-2607. The normal business hours are 9:00 am to 5:00 pm on Other. You can find more information about the New York firm at hammondiles.com.