Kpp Advisory Services LLC (Louisville)

Name: Kpp Advisory Services LLC
Address: 9300 Shelbyville Rd., Louisville, KY, 40222
Telephone: 502-394-0400

Kpp Advisory Services LLC is a large advisory firm based in Louisville. It manages $320.87 million of regulatory assets for 1,502 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Alabama, California, Delaware, and 15 other states.

Kpp Advisory Services 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.

Kpp Advisory Services: assets under management

The assets under management (AUM) of Kpp Advisory Services LLC is $320.87 million. The firm's AUM has grown by 51% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $233.91 million in discretionary accounts and $86.96 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $199.24 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $265.14 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 91% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 4% of the firm’s portfolio. Investments in other assets form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Kpp Advisory Services 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 Kpp Advisory Services serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Kpp Advisory Services is individuals with 1,307 clients and $254.88 million of assets under management. Among the 7 most similar advisory firms, Kpp Advisory Services has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $299.88 million for 1,502 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.

Kpp Advisory Services doesn't advise any private funds.

Careers at Kpp Advisory Services LLC

The company employs 20 people that are either part- or full-time employees. 80 percent of the employees work as investment advisers or researchers. 16 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 Alan Davenport	Member	1 May 2005	50% - 75%	1988964
Kenneth Alvin O'neil	Member	1 Oct 2005	50% - 75%	4510809
Sonia Ann Goforth	Cco	1 Mar 2017	Other	2544170

Based in Louisville

The principal office where Kpp Advisory Services LLC performs its advisory services is located at 9300 Shelbyville Rd., Louisville, KY 40222, which is also the mailing address of the firm. An additional office of the firm is in Ft. Lauderdale, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 502-394-0400 or by fax 502-394-0414. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at kpp-lpl.com/.