Krane Financial Solutions, LLC (Calabasas)

Name: Krane Financial Solutions, LLC
Address: 23548 Calabasas Rd., Calabasas, CA, 91302
Telephone: 310-989-0934

Krane Financial Solutions, LLC is a large advisory firm based in Calabasas. It manages $108.99 million of regulatory assets for 402 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of California, Illinois, Louisiana, New York, and Texas.

Krane Financial Solutions provides financial planning services, portfolio management for individuals and small businesses, and educational seminars and workshops. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Krane Financial Solutions: assets under management

The assets under management (AUM) of Krane Financial Solutions, LLC is $108.99 million. The firm's AUM has grown by 54% since the beginning of its operation, and $412.2 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $57.6 million in discretionary accounts and $51.38 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $239.01 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $319.16 thousand.

Krane Financial Solutions has custody of $7.29 million in cash and securities for 32 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 66% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 18% of the firm’s portfolio. Investments in state and local bonds form 8% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Krane Financial Solutions, LLC for their services and products based on a percentage of assets under management, hourly charges, 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 Justin David Krane serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Justin David Krane is individuals with 165 clients and $75.77 million of assets under management. Among the 9 most similar advisory firms, Krane Financial Solutions has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $108.99 million for 205 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Krane Financial Solutions doesn't advise any private funds.

Careers at Krane Financial Solutions, LLC

The company employs 3 people that are either part- or full-time employees. 33 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 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
Justin David Krane	Managing member/president/chief compliance officer	1 Apr 2010	75% - 100%	2517294

Based in Calabasas

The principal office where Krane Financial Solutions, LLC performs its advisory services is located at 23548 Calabasas Rd., Calabasas, CA 91302, 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 310-989-0934 or by fax 888-556-8537. The normal business hours are 8am-5pm on Monday - Friday. You can find more information about the New York firm at kranefinancialsolutions.com.