Kcs Wealth Advisory, LLC (Los Angeles)


Kcs Wealth Advisory, LLC is a large advisory firm based in Los Angeles. It manages $169.77 million of regulatory assets for 651 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of California, New York, Texas, and Washington.

Kcs Wealth Advisory provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Kcs Wealth Advisory: assets under management

The assets under management (AUM) of Kcs Wealth Advisory, LLC is $169.77 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 62% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $169.77 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $260.79 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 72% of the total AUM. The second-largest asset type is investment and business development companies, which make up 20% 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 Kcs Wealth Advisory, 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 Kcs Wealth Advisory serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Kcs Wealth Advisory is individuals with 201 clients and $88.97 million of assets under management. Among the 12 most similar advisory firms, Kcs Wealth Advisory has the 3rd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $169.77 million for 237 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.

Kcs Wealth Advisory doesn't advise any private funds.

Careers at Kcs Wealth Advisory, LLC

The company employs 7 people that are either part- or full-time employees. 57 percent of the employees work as investment advisers or researchers. 5 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Kenneth Brian Waltzer Chief compliance officer 1 Nov 2013 Other 4835120
Kenfield Capital Strategies Managing member 1 Nov 2013 50% - 75% 20-1351075
Laura Anne Gilman Managing member 1 Nov 2013 25% - 50% 4262907
Inc. Lga Financial Managing member 1 Jun 2014 25% - 50% 27-2210744

Indirect Owners

The SEC currently registers 6 indirect owners.

Name Entity Date acquired Ownership Employer ID
Waltzer Mason Family Trust U/A/D 12/10/2007 Shareholder 1 Nov 2013 75% - 100% xxx-xx-xxxx
Jennifer Ann Waltzer Trustee 1 Nov 2013 Other 6418852
Laura Anne Gilman Shareholder 1 Jun 2014 75% - 100% 4262907
Waltzer Mason Family Trust U/A/D 12/10/2007 Shareholder 1 Nov 2014 75% - 100% xxx-xx-xxxx
Kenneth Brian Waltzer Trustee 1 Nov 2014 Other 4835120
Jennifer Ann Waltzer Trustee 1 Nov 2014 Other 6418852

Based in Los Angeles

The principal office where Kcs Wealth Advisory, LLC performs its advisory services is located at 11150 W. Olympic Blvd., Los Angeles, CA 90064, which is also the mailing address of the firm. An additional office of the firm is in Woodland Hills, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 310-734-4740 or by fax (866) 914-4399. The normal business hours are 8:30 am - 4:30 pm on Monday - Friday. You can find more information about the New York firm at kcswealth.com.