Kelly Wood Financial Group, LLC (Boise)

Name: Kelly Wood Financial Group, LLC
Address: 1101 West River Street, Boise, ID, 83702
Telephone: 208-343-2001

Kelly Wood Financial Group, LLC is a large advisory firm based in Boise. It manages $150 million of regulatory assets for 991 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Idaho, Texas, Utah, and Washington.

Kelly Wood Financial Group 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 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Kelly Wood Financial Group: assets under management

The assets under management (AUM) of Kelly Wood Financial Group, LLC is $150 million. The firm's AUM has grown by 0% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $121.65 million in discretionary accounts and $28.35 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $124.13 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $2.58 million.

Kelly Wood Financial Group has custody of $1.27 million in cash and securities for 3 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 50% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 20% of the firm’s portfolio. Investments in state and local bonds form 10% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Kelly Wood Financial Group, LLC for their services and products based on a percentage of assets under management. 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 Kelly Wood Financial Group serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Kelly Wood Financial Group is high net worth individuals with 50 clients and $75 million of assets under management. Among the 9 most similar advisory firms, Kelly Wood Financial Group has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $150 million for 364 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.

Kelly Wood Financial Group doesn't advise any private funds.

Careers at Kelly Wood Financial Group, LLC

The company employs 5 people that are either part- or full-time employees. 40 percent of the employees work as investment advisers or researchers. 2 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
Kelly Aaron Wood	Managing member	1 Nov 2018	75% - 100%	5077919
Jennifer Sue Weitz	Chief compliance officer	1 Nov 2018	Other	4830114
Eric Marshall Tarver	Chief compliance officer	1 Apr 2019	Other	6931440

Based in Boise

The principal office where Kelly Wood Financial Group, LLC performs its advisory services is located at 1101 West River Street, Boise, ID 83702, 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 208-343-2001 or by fax 208-629-8226. The normal business hours are 8:00am to 5:00pm on Monday - Friday. You can find more information about the New York firm at woodfinancial.com and its LinkedIn profile.