Kinetics Asset Management LLC is a large advisory firm based in New York. It manages $1.46 billion of regulatory assets for 174 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdictions of Alabama, Arkansas, California, and 16 other states.
Kinetics Asset Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Kinetics Asset Management LLC is $1.46 billion, all of which is managed in discretionary accounts. The firm's AUM has gone down by -62% since the beginning of its operation, and $220.22 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Kinetics Asset Management LLC for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to investment companies, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Kinetics Asset Management is investment companies with 9 clients and $1.15 billion of assets under management. Among the 9 most similar advisory firms, Kinetics Asset Management has the highest percentage of investment companies out of all clients.
The amount of regulatory assets under management is $1.46 billion for 174 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 15% of the firm’s clients are foreign persons or businesses.
Kinetics Asset Management also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $250,000 for each fund.
The company employs 83 people that are either part- or full-time employees. 22 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives 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.
The principal office where Kinetics Asset Management LLC performs its advisory services is located at 470 Park Avenue South, New York, NY 10016, which is also the mailing address of the firm. An additional office of the firm is in Charlotte, NC. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 646-291-2300 or by fax 646-495-0075. The normal business hours are 9-5 on Monday - Friday. You can find more information about the New York firm at kineticsfunds.com.