Kenneth Frenke & Co
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Overview
Kenneth Frenke & Co is an advisory firm that has its headquarters in Arden, North Carolina. The company manages $153.2 million in assets under management across 669 customer accounts, placing it in the mid-tier of financial advisory firms in the nation by assets under management (AUM). It has a small team, including 3 financial advisors. Kenneth Frenke & Co is not a registered broker-dealer, signifying that the firm is not able to buy and sell securities for its clients' and own accounts and instead must go through a broker-dealer firm to do so. Securities are exchangable financial assets like bonds, options and equities.
Kenneth Frenke & Co manages all of the company's client assets on a discretionary basis. Discretionary management signifies that an investment advisor makes transaction judgments for the client's account without requiring the customer's approval. The investment advisory firm's average account size is $229,001. The typical financial advisor at Kenneth Frenke & Co manages about 223 client accounts.
The company's central office is at 15 Loop Road, Arden, North Carolina 28704. Kenneth Frenke & Co is legally allowed to serve customers across 7 states, including Florida, Georgia, Minnesota, North Carolina, South Carolina, Tennessee and Texas.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Kenneth Frenke & Co by the Numbers
$153.2 million
3
669
$229.0 thousand
Products and Services
Financial services that Kenneth Frenke & Co provides include financial planning services and portfolio management for individuals and small businesses. In the past fiscal year, Kenneth Frenke & Co provided 11-25 of its customers with financial planning services. The firm does not sell products or offer services apart from investment advice to its investment advisory clients.
Core Advisor Services
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Offered by 31% of firms
Financial Planning Services
This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.
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Offered by 46% of firms
Portfolio Management
This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.
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Market Timing Services
This is the practice of attempting to make short-term profits on investments by buying low and selling high.
Other Services
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Selection of Other Advisors
This is the firm's assistance with choosing other advisors to work with who may have different specialties.
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Publication of Periodicals
This is the publication of various financial education materials.
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Educational Seminars/Workshops
This is the hosting of seminars or workshops to educate investors on financial concepts.
Fee Structure
Fees for financial management typically depend on the type of financial services provided. Fees billed by the company can be comprised of the following fee structures: asset-based or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not provided by the company.
Available
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Offered by 69% of firms
Percentage of Assets
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Offered by 32% of firms
Fixed
Unavailable
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Find one of the 21% of firms that offer this fee type
Hourly
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Find one of the 1% of firms that offer this fee type
Commissions
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Find one of the 26% of firms that offer this fee type
Performance-based
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Find one of the 0% of firms that offer this fee type
Subscription
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Find one of the 10% of firms that offer this fee type
Other
Types of Clients
The company provides services to retail investors and high net worth investors. Out of its 669 customers, Kenneth Frenke & Co's largest client by number of accounts is high net worth investors, though it also serves 203 high-net-worth individuals. The SEC defines a high-net-worth individual as someone who has at least $750,000 under management or a net worth of more than $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). Just 1% of its accounts are from outside of the U.S.
- High-Net-Worth Individuals* - 82.19%
- Other Individuals - 17.81%
- Corporations - 0%
- Charitable Organizations - 0%
* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.
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Disclosures
Kenneth Frenke & Co does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Kenneth Frenke & Co
Arden, NC
Atlanta, GA
Arden, NC
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The content in this profile was updated by SmartAsset on 4/16/2023. All advisor details come from publicly available data, and we cannot guarantee the accuracy of the content. We are unable to make individual profile updates. If you want your profile removed temporarily or permanently, please contact profile-compliance@smartasset.com.
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