Kane Company, P.C. (Johnston)


Kane Company, P.C. is a large advisory firm based in Johnston. It manages $108.94 million of regulatory assets for 413 client accounts. It has been registered with the SEC as an adviser since 2019 and has operated in the jurisdiction of Iowa.

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

Kane Company, P.C: assets under management

The assets under management (AUM) of Kane Company, P.C. is $108.94 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 0% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $108.94 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $263.77 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 90% of the total AUM. The second-largest asset type is exchange traded securities, which make up 5% 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 Kane Company, P.C. for their services and products based on a percentage of assets under management, hourly charges, 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 Kane Company, P.C serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Kane Company, P.C is high net worth individuals with 48 clients and $74.98 million of assets under management. Among the 10 most similar advisory firms, Kane Company, P.C has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $108.73 million for 145 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.

Kane Company, P.C doesn't advise any private funds.

Careers at Kane Company, P.C.

The company employs 4 people that are either part- or full-time employees. 25 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
Steven Lee Kane President and chief compliance officer 1 Sep 1993 75% - 100% 4467286

Based in Johnston

The principal office where Kane Company, P.C. performs its advisory services is located at 5526 N.W. 86 Th Street, Johnston, IA 50131 2928, 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 515-270-2727 or by fax 515-270-1509. The normal business hours are 8:00 a.m. - 4:00 p.m. (cst) on Monday - Friday. You can find more information about the New York firm at kanecompanypc.com.