Lawrence W. Kelly & Associates, Inc. (Pasadena)

Lawrence W. Kelly & Associates, Inc. is a large advisory firm based in Pasadena. It manages $932.17 million of regulatory assets for 77 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Colorado, and Texas.

Lawrence W. Kelly & Associates provides portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Lawrence W. Kelly & Associates: assets under management

The assets under management (AUM) of Lawrence W. Kelly & Associates, Inc. is $932.17 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 13% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $932.17 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $12.11 million each.

Investments

The firm invests in exchange traded securities the most. They account for 50% of the total AUM. The second-largest asset type is government bonds, which make up 40% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Lawrence W. Kelly & Associates, Inc. for their services and products based on a percentage of assets under management 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 Lawrence W. Kelly & Associates serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Lawrence W. Kelly & Associates is high net worth individuals with 62 clients and $923.59 million of assets under management. Among the 8 most similar advisory firms, Lawrence W. Kelly & Associates has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $927.86 million for 75 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.

Lawrence W. Kelly & Associates doesn't advise any private funds.

Careers at Lawrence W. Kelly & Associates, Inc.

The company employs 6 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 3 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
Lawrence Wayne Kelly	Chairman, director	1 Dec 1979	Other	267127
Janus Kelly	Secretary, director, vice president, shareholder	1 Dec 1979	25% - 50%	4347568
Janice Kelly	Secretary, director, vice president, shareholder	1 Dec 1979	25% - 50%	4347568
Nicholas J Welsh	Chief executive officer, director and shareholder	1 Oct 2004	75% - 100%	2289695
Michael Clay Stewart	Chief compliance officer	1 Sep 2013	Other	4413814

Based in Pasadena

The principal office where Lawrence W. Kelly & Associates, Inc. performs its advisory services is located at 199 South Los Robles Avenue, Pasadena, CA 91101 2461, 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 626/449-9500 or by fax 626/449-9566. The normal business hours are 7:00 a.m. - 4:30 p.m. pacific on Monday - Friday.