Kdp Asset Management Inc (Montpelier)


Kdp Asset Management Inc is a large advisory firm based in Montpelier. It manages $267.52 million of regulatory assets for 41 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdiction of Vermont.

Kdp Asset Management provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and security ratings or pricing services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Kdp Asset Management: assets under management

The assets under management (AUM) of Kdp Asset Management Inc is $267.52 million. The firm's AUM has grown by 14% since the beginning of its operation, and $57.46 million of the total AUM is attributable to clients outside of the United States.

The firm manages $173.47 million in discretionary accounts and $94.04 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $4.57 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $31.35 million.

Investments

The firm invests in other assets the most. They account for 72% of the total AUM. The second-largest asset type is non-investment grade corporate bonds, which make up 23% 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 Kdp Asset Management Inc for their services and products based on a percentage of assets under management 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 Kdp Asset Management serves?

The firm provides services to charitable organizations, high net worth individuals, banking or thrift institutions, and pension and profit sharing plans. The largest group of clients of Kdp Asset Management is pension and profit sharing plans with 2 clients and $120.34 million of assets under management. Among the 11 most similar advisory firms, Kdp Asset Management has the highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $267.52 million for 41 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.

Kdp Asset Management doesn't advise any private funds.

Careers at Kdp Asset Management Inc

The company employs 21 people that are either part- or full-time employees. 81 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative with the state securities authorities.

There are 3 people 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
Kingman D Penniman President, chief executive officer, chief financial officer 1 Jul 1996 Other 2644435
Phelps Beresford Hoyt Secretary, treasurer 1 Jul 1996 Other 722523
Inc. Kdp Investment Advisors Equity owner 1 Mar 1999 25% - 50% 118346
Kathleen Ann News Senior portfolio manager 1 Apr 2001 Other 1401907
Peter Keniston Merrill Senior portfolio manager 1 Jun 2001 Other 2817418
Peter Keniston Merrill Chief operating officer 1 Nov 2002 Other 2817418
Llc Kdp Common units 1 Apr 2003 75% - 100% 32-0064676
Walter Clay Schaeffler Chief compliance officer 1 Oct 2004 Other 2924592
Thomas B Blackstone Treasurer, secretary, compliance 1 Dec 2004 Other 5033912
Kent Alan Deeter Senior portfolio manager 1 Sep 2005 Other 2576859
Roger Schoenbeck Treasurer, secretary 1 Oct 2009 Other 5750995
Michael Adam Bravin Chief compliance officer 1 Nov 2014 Other 2758037
Christopher John Flynn Compliance officer 1 Mar 2018 Other 3207243
Kingman D Penniman Interim chief compliance officer 1 Mar 2018 Other 2644435

Indirect Owners

The SEC currently registers 1 indirect owner.

Name Entity Date acquired Ownership Employer ID
Kingman D Penniman President 1 Mar 2003 50% - 75% 2644435

Based in Montpelier

The principal office where Kdp Asset Management Inc performs its advisory services is located at 24 Elm Street, Montpelier, VT 05602 2814, 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 802-223-0440 or by fax 802-229-6060. The normal business hours are 8:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at kdpam.com.