Kennedy Wealth And Tax Management, Inc. (Southbury)

Name: Kennedy Wealth And Tax Management, Inc.
Address: 1 Pomperaug Office Park, Southbury, CT, 06488
Telephone: (203) 264-1200

Kennedy Wealth And Tax Management, Inc. is a large advisory firm based in Southbury. It manages $98.5 million of regulatory assets for 265 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Connecticut, Florida, and Texas.

Kennedy Wealth And Tax Management provides financial planning services, portfolio management for individuals and small businesses, and pension consulting services. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Kennedy Wealth And Tax Management: assets under management

The assets under management (AUM) of Kennedy Wealth And Tax Management, Inc. is $98.5 million. The firm's AUM has grown by 48% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $91.6 million in discretionary accounts and $6.9 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $350.96 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.73 million.

Kennedy Wealth And Tax Management has custody of $45.8 million in cash and securities for 89 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 96% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 3% of the firm’s portfolio. Investments in exchange traded securities form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Kennedy Wealth And Tax Management, Inc. 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 Kennedy Wealth And Tax Management serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Kennedy Wealth And Tax Management is high net worth individuals with 42 clients and $76.1 million of assets under management. Among the 9 most similar advisory firms, Kennedy Wealth And Tax Management has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $93.5 million for 106 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.

Kennedy Wealth And Tax Management doesn't advise any private funds.

Careers at Kennedy Wealth And Tax Management, Inc.

The company employs 4 people that are either part- or full-time employees. 50 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.

Kennedy Wealth And Tax Management, Inc. is owned by Kevin Andrew Kennedy. Gregory J Bunger joined the executive team most recently as the Chief Compliance Officer And Owner.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Kevin Andrew Kennedy	Owner	1 Sep 2014	50% - 75%	2891568
Gregory J Bunger	Chief compliance officer and owner	1 Sep 2014	50% - 75%	5248132

Based in Southbury

The principal office where Kennedy Wealth And Tax Management, Inc. performs its advisory services is located at 1 Pomperaug Office Park, Southbury, CT 06488, 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 (203) 264-1200 or by fax 203-264-3888. The normal business hours are 8:30 am - 5:00pm on Monday - Friday. You can find more information about the New York firm at kennedywealth.com.