Kings Path Partners LLC (Sugar Land)

Name: Kings Path Partners LLC
Address: 206 Brooks Street, Sugar Land, TX, 77478
Telephone: (832) 500-3101

Kings Path Partners LLC is a large advisory firm based in Sugar Land. It manages $580.88 million of regulatory assets for 116 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdiction of Texas.

Kings Path Partners provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Kings Path Partners: assets under management

The assets under management (AUM) of Kings Path Partners LLC is $580.88 million. The firm's AUM has grown by 68% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $130.81 million in discretionary accounts and $450.06 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.31 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $28.13 million.

Investments

The firm invests in pooled investment vehicles the most. They account for 49% of the total AUM. The second-largest asset type is investment and business development companies, which make up 28% of the firm’s portfolio. Investments in exchange traded securities form 9% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Kings Path Partners LLC 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 Kings Path Partners serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of Kings Path Partners is charitable organizations with 5 clients and $463.16 million of assets under management. Among the 9 most similar advisory firms, Kings Path Partners has the highest percentage of charitable organizations out of all clients.

The amount of regulatory assets under management is $551.53 million for 38 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.

Kings Path Partners doesn't advise any private funds.

Careers at Kings Path Partners LLC

The company employs 4 people that are either part- or full-time employees. 75 percent of the employees work as investment advisers or researchers. 3 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Michael Dennis Mulcahy	Managing member; chief compliance officer	1 May 2015	25% - 50%	4647207
Mm Family Holdings Lp	Member	1 Jan 2017	50% - 75%	46-0756677

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Eileen Levering Mulcahy	General partner	1 Jan 2012	25% - 50%	xxx-xx-xxxx

Based in Sugar Land

The principal office where Kings Path Partners LLC performs its advisory services is located at 206 Brooks Street, Sugar Land, TX 77478, 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 (832) 500-3101 or by fax (832) 500-3101. The normal business hours are by appointment only on Other. You can find more information about the New York firm at kingspath.com/.