Kennerman Associate Inc (Saratoga Spring)

Name: Kennerman Associate Inc
Address: 480 Broadway, Saratoga Spring, NY, 12866 2285
Telephone: 518-584-2600

Kennerman Associate Inc is a large advisory firm based in Saratoga Spring. It manages $256.07 million of regulatory assets for 583 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdiction of New York.

Kennerman Associate 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.

Kennerman Associate: assets under management

The assets under management (AUM) of Kennerman Associate Inc is $256.07 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 214% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $256.07 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $439.24 thousand each.

Kennerman Associate has custody of $20.29 million in cash and securities for 15 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 90% of the total AUM. The second-largest asset type is government bonds, which make up 6% of the firm’s portfolio. Investments in investment grade corporate bonds form 1% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Kennerman Associate Inc for their services and products based on a percentage of assets under management. 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 Thomas Richard Kershner serves?

The firm provides services to individuals, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Thomas Richard Kershner is high net worth individuals with 68 clients and $143.86 million of assets under management. Among the 8 most similar advisory firms, Kennerman Associate has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $235.79 million for 212 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.

Kennerman Associate doesn't advise any private funds.

Careers at Kennerman Associate Inc

The company employs 3 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. No 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.

Thomas Richard Kershner has been acting as President since 1 Jun 1979. Christopher Gibson Grosso joined the executive team most recently as the Principal & Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Thomas Richard Kershner	President	1 Jun 1979	50% - 75%	4379506
Robert S Herman	Portfolio manager	1 Jun 1979	Other	4379508
Christopher Gibson Grosso	Senior analyst	1 Jan 1989	Other	4379509
Christopher Gibson Grosso	Principal & chief compliance officer	1 Jun 2002	50% - 75%	4379509

Based in Saratoga Spring

The principal office where Kennerman Associate Inc performs its advisory services is located at 480 Broadway, Saratoga Spring, NY 12866 2285, 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 518-584-2600 or by fax 518-584-1478. The normal business hours are 9:00 am - 6:00 pm on Monday - Friday. You can find more information about the New York firm at kershnergrosso.com.