Kerntke Otto Mcglone Wealth Management Group (Appleton)

Name: Kerntke Otto Mcglone Wealth Management Group
Address: 3601 E. Evergreen Drive, Appleton, WI, 54913
Telephone: 920-733-3865

Kerntke Otto Mcglone Wealth Management Group is a large advisory firm based in Appleton. It manages $362.11 million of regulatory assets for 2,878 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of Florida, Illinois, Maine, and 4 other states.

Kerntke Otto Mcglone Wealth Management Group provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, selection of other advisers, and publication of newsletters. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Kerntke Otto Mcglone Wealth Management Group: assets under management

The assets under management (AUM) of Kerntke Otto Mcglone Wealth Management Group is $362.11 million. The firm's AUM has grown by 382% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $347.92 million in discretionary accounts and $14.19 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $123.03 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $283.81 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 81% of the total AUM. The second-largest asset type is exchange traded securities, which make up 15% of the firm’s portfolio. Investments in cash and cash equivalents form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Kerntke Otto Mcglone Wealth Management Group for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Kerntke Otto Mcglone Wealth Management Group serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Kerntke Otto Mcglone Wealth Management Group is individuals with 658 clients and $188.62 million of assets under management. Among the 11 most similar advisory firms, Kerntke Otto Mcglone Wealth Management Group has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $362.11 million for 790 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.

Kerntke Otto Mcglone Wealth Management Group doesn't advise any private funds.

Careers at Kerntke Otto Mcglone Wealth Management Group

The company employs 9 people that are either part- or full-time employees. 44 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 receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
James Mike Mc Glone	Senior partner / managing member / chief compliance officer	1 Feb 2007	Other	2563916
Jason Anthony Mcglone	Senior partner	1 Feb 2007	Other	3078445
Claus Peter Kerntke	Senior partner	1 Feb 2007	Other	1547070
Richard Michael Otto	Senior partner	1 Feb 2007	Other	2227141

Based in Appleton

The principal office where Kerntke Otto Mcglone Wealth Management Group performs its advisory services is located at 3601 E. Evergreen Drive, Appleton, WI 54913, 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 920-733-3865 or by fax 920-733-3882. The normal business hours are 8:30am - 4:30pm on Monday - Friday. You can find more information about the New York firm at onekom.com.