Kingsmark Private Financial Advisors, LLC (Albany)

Name: Kingsmark Private Financial Advisors, LLC
Address: 601 Pointe North Boulevard, Albany, GA, 31721
Telephone: 229-439-2348

Kingsmark Private Financial Advisors, LLC is a large advisory firm based in Albany. It manages $163.1 million of regulatory assets for 982 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of Alabama, Florida, Georgia, and 4 other states.

Kingsmark Private Financial Advisors provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, 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.

Kingsmark Private Financial Advisors: assets under management

The assets under management (AUM) of Kingsmark Private Financial Advisors, LLC is $163.1 million, all of which is managed in discretionary accounts. 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 $163.1 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $166.09 thousand each.

Kingsmark Private Financial Advisors has custody of $23.74 million in cash and securities for 71 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 49% of the total AUM. The second-largest asset type is exchange traded securities, which make up 28% of the firm’s portfolio. Investments in state and local bonds form 12% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Kingsmark Private Financial Advisors, 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 Kingsmark Private Financial Advisors serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of Kingsmark Private Financial Advisors is high net worth individuals with 76 clients and $111.6 million of assets under management. Among the 10 most similar advisory firms, Kingsmark Private Financial Advisors has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $163.1 million for 360 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.

Kingsmark Private Financial Advisors doesn't advise any private funds.

Careers at Kingsmark Private Financial Advisors, 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. 4 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
Thomas Edward Sanders	Member	1 May 2008	50% - 75%	1517616
Rebecca Ann Toole Anderson	Chief compliance officer & member	1 May 2008	25% - 50%	3245724

Based in Albany

The principal office where Kingsmark Private Financial Advisors, LLC performs its advisory services is located at 601 Pointe North Boulevard, Albany, GA 31721 The mailing address of the firm is Po Box 70998, Albany, GA 31708. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 229-439-2348 or by fax 229-434-1979. The normal business hours are 8 am to 5 pm on Monday - Friday. You can find more information about the New York firm at kmpfa.com.