Kmh Wealth Management, LLC (Victoria)

Name: Kmh Wealth Management, LLC
Address: 101 South Main St. Suite 300, Victoria, TX, 77901 8142
Telephone: 361-573-4383

Kmh Wealth Management, LLC is a large advisory firm based in Victoria. It manages $420.25 million of regulatory assets for 970 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdiction of Texas.

Kmh Wealth Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and educational seminars and workshops. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Kmh Wealth Management: assets under management

The assets under management (AUM) of Kmh Wealth Management, LLC is $420.25 million. The firm's AUM has grown by 283% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $405.48 million in discretionary accounts and $14.77 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $420.18 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $2.95 million.

Kmh Wealth Management has custody of $140.46 million in cash and securities for 132 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 54% of the total AUM. The second-largest asset type is state and local bonds, which make up 18% of the firm’s portfolio. Investments in cash and cash equivalents form 12% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Kmh Wealth Management, 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 Kmh Wealth Management serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Kmh Wealth Management is high net worth individuals with 107 clients and $327.01 million of assets under management. Among the 11 most similar advisory firms, Kmh Wealth Management has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $420.25 million for 418 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.

Kmh Wealth Management doesn't advise any private funds.

Careers at Kmh Wealth Management, LLC

The company employs 9 people that are either part- or full-time employees. 78 percent of the employees work as investment advisers or researchers. 7 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 compensates 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
Thomas Lane Keller	Member	1 Feb 1998	75% - 100%	3190293
Phyllis Ponder Keller	Chief compliance officer	1 Aug 2006	Other	5211049
Kyle Wesley Noack	Member	1 Apr 2017	25% - 50%	6003068
David Benjamin Faskas	Member	1 Jan 2019	Other	6126274

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Thomas Lane Keller	Active	1 Dec 1998	75% - 100%	26-3114954

Based in Victoria

The principal office where Kmh Wealth Management, LLC performs its advisory services is located at 101 South Main St. Suite 300, Victoria, TX 77901 8142 The mailing address of the firm is P.O. Box 2549, Victoria, TX 77902 2549. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 361-573-4383 or by fax 361-573-1168. The normal business hours are 8 a.m. - 5 p.m. on Monday - Friday. You can find more information about the New York firm at kmhwealth.com.