Kraft, Davis & Associates, LLC (St. Louis)

Name: Kraft, Davis & Associates, LLC
Address: 12935 North Outer Forty Road, St. Louis, MO, 63141
Telephone: (314) 878-1489

Kraft, Davis & Associates, LLC is a large advisory firm based in St. Louis. It manages $339.55 million of regulatory assets for 1,234 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of Alabama, Arizona, California, and 14 other states.

Kraft, Davis & Associates provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Kraft, Davis & Associates: assets under management

The assets under management (AUM) of Kraft, Davis & Associates, LLC is $339.55 million. The firm's AUM has grown by 89% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $337.73 million in discretionary accounts and $1.82 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $274.13 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $910.39 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 60% of the total AUM. The second-largest asset type is exchange traded securities, which make up 32% of the firm’s portfolio. Investments in investment grade corporate bonds form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Kraft, Davis & Associates, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Kraft, Davis & Associates serves?

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Kraft, Davis & Associates is individuals with 618 clients and $190.04 million of assets under management. Among the 11 most similar advisory firms, Kraft, Davis & Associates has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $339.55 million for 788 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.

Kraft, Davis & Associates doesn't advise any private funds.

Careers at Kraft, Davis & Associates, LLC

The company employs 9 people that are either part- or full-time employees. 56 percent of the employees work as investment advisers or researchers. 5 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Daniel Carl Davis	President, co-founder, chief compliance officer, managing member	1 Feb 2015	50% - 75%	1846079
Cory Christopher Kraft	Chief executive officer, co-founder, managing member	1 Feb 2015	50% - 75%	1914001

Based in St. Louis

The principal office where Kraft, Davis & Associates, LLC performs its advisory services is located at 12935 North Outer Forty Road, St. Louis, MO 63141, which is also the mailing address of the firm. An additional office of the firm is in Franklin, TN. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (314) 878-1489. The normal business hours are 8 am to 5 pm on Monday - Friday. You can find more information about the New York firm at discoverindependence.com.