Kenneth Frenke & Co., Inc. (Arden)

Name: Kenneth Frenke & Co., Inc.
Address: 15 Loop Road, Arden, NC, 28704
Telephone: 828-654-9343

Kenneth Frenke & Co., Inc. is a large advisory firm based in Arden. It manages $129.76 million of regulatory assets for 655 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdictions of Florida, Georgia, Minnesota, and 3 other states.

Kenneth Frenke & Co. provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Kenneth Frenke & Co.: assets under management

The assets under management (AUM) of Kenneth Frenke & Co., Inc. is $129.76 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 39% since the beginning of its operation, and $436.58 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $129.76 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $198.11 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 87% of the total AUM. The second-largest asset type is exchange traded securities, which make up 6% of the firm’s portfolio. Investments in cash and cash equivalents form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Kenneth Frenke & Co., Inc. for their services and products based on a percentage of assets under management 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 Kenneth Bruce Frenke serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Kenneth Bruce Frenke is individuals with 206 clients and $71.92 million of assets under management. Among the 8 most similar advisory firms, Kenneth Frenke & Co. has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $129.76 million for 237 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.

Kenneth Frenke & Co. doesn't advise any private funds.

Careers at Kenneth Frenke & Co., Inc.

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.

Kenneth Bruce Frenke has been acting as President since 1 Jan 1998. Kenneth Farr Downer joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Kenneth Bruce Frenke	President	1 Jan 1998	25% - 50%	1155183
Ronald Glenn Zimmerman	Vice president	1 Jan 1999	50% - 75%	2831422
Ronald Glenn Zimmerman	Shareholder/vice president	1 Sep 2006	50% - 75%	2831422
Kenneth Farr Downer	Chief compliance officer	1 Mar 2017	Other	4480846

Based in Arden

The principal office where Kenneth Frenke & Co., Inc. performs its advisory services is located at 15 Loop Road, Arden, NC 28704, which is also the mailing address of the firm. An additional office of the firm is in Palm Beach Gardens, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 828-654-9343 or by fax 828-654-9347. The normal business hours are 8:30 a.m.-5:00 p.m. on Monday - Friday. You can find more information about the New York firm at frenke.com.