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KCM Investment Advisors Review

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KCM Investment Advisors

KCM Investment Advisors (KCM) is an entirely privately owned company that only provides advisory services to high-net-worth individuals and other institutional investors. In fact, the firm serves nearly 3,000 individual clients and their families. The firm has four main tiers of expertise: common stocks, fixed-income, balanced accounts and preferred stocks.

As a fee-only firm, KCM only receives client-paid fees as income. Fee-based firms, conversely, earn both client-paid fees and third-party forms of compensation, such as insurance or securities commissions.

KCM Investment Advisors Background

KCM Investment Advisors was established in 1996. The independent registered investment advisor (RIA) specializes in fixed-income and equity portfolio management. Jay A. Kellet is the firm’s principal owner, CEO and chief investment officer (CIO).

KCM Investment Advisors Client Types and Minimum Account Sizes

This firm serves mostly high-net-worth individuals, in addition to foundations, charitable institutions, endowments, trusts, investment advisors, businesses and pooled investment vehicles (affiliated hedge funds.)

Prospective clients will need at least $1 million to set up an account with KCM. 

Services Offered by KCM Investment Advisors 

KCM mainly provides investment advisory services, which also include the following:

  • Construction and management of customized, structured portfolios based on each client’s specific individual objectives
  • Periodic re-balancing of accounts
  • Implementation of the investment strategies by executing portfolio transactions as needed
  • Furnishing client reports regarding separate account activity, strategy, and performance

KCM Investment Advisors Investment Philosophy 

KCM says it uses fundamental and quantitative valuation factors to establish positions in securities and monitor their progress. The firm takes advantage of several sources when analyzing stocks, bonds and exchange-traded funds (ETFs). These include data from research providers and other online and subscription resources.

When it comes to investment strategies, KCM employs long-term purchases, short-term purchases and trading. The firm primarily invests in stocks, bonds and ETFs.

Fees Under KCM Investment Advisors

KCM’s portfolio management fee is based on the market value of the portfolio at the end of each quarter, according to the firm’s brochure. These fees are payable quarterly in arrears. However, different investments have different management fees. KCM’s fees are listed below:

  • Cash management: 0.50%
  • Investment-grade fixed-income: 0.50%
  • Equities, ADRs, ETFs, ETNs: 0.90%
  • Open- and closed-end mutual funds: 0.90%
  • Preferred stock and hybrid securities: 0.90%

What to Watch Out For

KCM Investment Advisors doesn’t list any disclosures on its SEC documents, giving it a clean legal and regulatory record.

Opening an Account With KCM Investment Advisors

You can either set up an account in person at KCM’s San Rafael office, or you can contact the firm at (415) 461-7788.

All information is accurate as of the writing of this article.

Tips for Finding a Financial Advisor

  • Finding a financial advisor doesn’t have to be difficult. SmartAsset’s free financial advisor matching tool connects you with up to three local advisors for free. Get started now.
  • It’s useful to familiarize yourself with a financial advisor’s offerings and fees before paying for their services. Things worth examining include fees, account minimums, investment strategies, disclosures and more. Consider our list of 10 questions to ask a financial advisor.

How Long $1mm Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about the cost of living in retirement for that location.

Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology We analyzed data on average expenditures for seniors, cost of living and investment returns to determine how many years of retirement a $1 million nest egg would cover in cities across America.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors. We then applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city. Using this data, SmartAsset calculated the average cost of living for retirees in the largest U.S. cities.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. Then, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would cover retirement expenses in each of the cities in our study. Cities where $1 million lasted the longest ranked the highest in the study.

Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research