Keene & Associates, Inc. (Fort Worth)

Name: Keene & Associates, Inc.
Address: University Centre I, Suite 405, Fort Worth, TX, 76107
Telephone: 817-336-4500

Keene & Associates, Inc. is a large advisory firm based in Fort Worth. It manages $391.82 million of regulatory assets for 238 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Florida, Nebraska, Texas, and Wisconsin.

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

Keene & Associates: assets under management

The assets under management (AUM) of Keene & Associates, Inc. is $391.82 million. The firm's AUM has grown by 64% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $99.11 million in discretionary accounts and $292.71 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $421.74 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $97.57 million.

Investments

The firm invests in exchange traded securities the most. They account for 56% of the total AUM. The second-largest asset type is investment and business development companies, which make up 18% of the firm’s portfolio. Investments in cash and cash equivalents form 13% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Keene & Associates, 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 Lynette Lea Keene serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Lynette Lea Keene is high net worth individuals with 36 clients and $67.78 million of assets under management. Among the 8 most similar advisory firms, Keene & Associates has the 3rd lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $89.15 million for 116 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.

Keene & Associates doesn't advise any private funds.

Careers at Keene & Associates, Inc.

The company employs 4 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 4 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.

Lynette Lea Keene has been acting as President since 1 Sep 1994. John Hart Keene joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Lynette Lea Keene	Director	1 Sep 1994	Other	4448156
John Hart Keene	President, chief compliance officer and chief investment officer	1 Sep 1994	75% - 100%	2375320
John Keene	President and chief investment officer	1 Sep 1994	75% - 100%	2375320
Bess Keene	Director	1 Sep 1994	Other	4514507
Barry Richardson	Vice-president, compliance officer	1 Dec 2001	Other	2619883
John Hart Keene	Chief compliance officer	1 Oct 2012	75% - 100%	2375320
John Keene	Chief compliance officer	1 Oct 2012	75% - 100%	2375320

Based in Fort Worth

The principal office where Keene & Associates, Inc. performs its advisory services is located at University Centre I, Suite 405, Fort Worth, TX 76107, which is also the mailing address of the firm. An additional office of the firm is in San Antonio, TX. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 817-336-4500 or by fax 817-336-4544. The normal business hours are 8:00 - 5:00 on Monday - Friday. You can find more information about the New York firm at keeneassociates.com.