Kayne Anderson Capital Advisors Lp

CRD#104536
Investment Advisor Firm

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Overview

Kayne Anderson Capital Advisors Lp operates as a financial advisor company located in Houston, Texas. The firm has $29.9 billion in assets over 129 accounts, placing it among the biggest firms in the country by assets under management (AUM). The firm has a large group, including 131 financial advisors. Kayne Anderson Capital Advisors Lp is not a registered broker-dealer, meaning the advisor cannot buy and sell securities for its accounts and those of its clients and instead is required to go through a broker-dealer firm to do so. Securities are defined as exchangable fiscal assets such as bonds, options and equities.

Kayne Anderson Capital Advisors Lp manages all of its client assets on a discretionary basis. Discretionary management signifies that a portfolio manager has the discretion to make buy and sell decisions for the client's account without requiring client approval. The firm's average account size is $231.6 million. The average financial advisor at Kayne Anderson Capital Advisors Lp manages fewer than one client account, making it one of the most individualized firms in the country.

The firm's headquarters is at 811 Main Street, Houston, Texas 77002. The firm is permitted to provide services to clients across a few states, including California, Connecticut, Florida, Georgia, Illinois, New York, Texas and Washington.

Assets Under Management

$29.9 billion

Number of Advisors

131

Disclosures

No

Office Location

811 Main Street
Houston, TX 77002

Kayne Anderson Capital Advisors Lp by the Numbers

Total Assets Under Management

$29.9 billion

National Average: $8.6 billion
Total Number of Employees

300

National Average: 64
Total Number of Accounts

129

National Average: 375,227
Average Account Size

$231.6 million

National Average: $23.0 thousand
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Products and Services

Kayne Anderson Capital Advisors Lp provides multiple financial services, which can include financial planning services, portfolio management for investment companies, portfolio management for pooled investment vehicles and portfolio management for institutional clients. In the past fiscal year, the firm provided financial planning services to 1-10 of its accounts. Kayne Anderson Capital Advisors Lp does not sell products or offer services other than investment advisory services to its investment advisory clients. It is also affiliated with a number of other companies in the financial services industry, including with a broker-dealer or securities dealer and commodity pool advisor.

Core Advisor Services

  • 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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    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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Fee Structure

A financial advisor's fees typically vary depending on the type of services offered. Fees charged by Kayne Anderson Capital Advisors Lp likely consist of the following fee structures: asset-based, fixed or performance-based. Wrap fee programs, or the practice of bundling services for a single fee, are not provided by Kayne Anderson Capital Advisors Lp.

Available

  • Offered by 69% of firms

    Percentage of Assets

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    This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

  • Offered by 26% of firms

    Performance-based

    Show Explanation

    Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

  • Offered by 32% of firms

    Fixed

    Show Explanation

    Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

Unavailable

  • Find one of the 21% of firms that offer this fee type

    Hourly

    Show Explanation

    Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

  • Find one of the 1% of firms that offer this fee type

    Commissions

    Show Explanation

    Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

  • Find one of the 0% of firms that offer this fee type

    Subscription

    Show Explanation

    Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

  • Find one of the 10% of firms that offer this fee type

    Other

    Show Explanation

    Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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Types of Clients

The company manages money for a number of different clients. The company works with high net worth investors, investment companies, pooled investment vehicles, pension plans, charitable organizations, state or municipal government entities, other investment advisers, insurance companies, corporations and other. Out of its 129 clients, Kayne Anderson Capital Advisors Lp's largest client group is pooled investment vehicles, although it also serves one high-net-worth individuals. The SEC defines a high-net-worth individual as someone who has at least $750,000 in AUM or a net worth of at least $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). About 12% of the company's accounts are represented by non-U.S. persons.

  • High-Net-Worth Individuals* - 0.78%
  • Other Individuals - 0%
  • Corporations - 98.44%
  • Charitable Organizations - 0.78%

* 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

Kayne Anderson Capital Advisors Lp does not have any disclosures.

Please visit its Form ADV for more details.

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Financial Advisors at Kayne Anderson Capital Advisors Lp

Ara Ghazarian
Houston, TX
David Labonte
Houston, TX
Jody Meraz
Houston, TX
Kevin Mccarthy
Houston, TX
James Baker
Houston, TX
Stephen Smith
Houston, TX
Charles Yates
Houston, TX
John Frey
Houston, TX
Daniel Weingeist
Houston, TX

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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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