Kensington Asset Management, LLC

CRD#309780
Investment Advisor Firm

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Overview

Kensington Asset Management, LLC is a financial advisory firm based in Austin, Texas. It manages $1.9 billion in total assets throughout three customer accounts, placing it among the largest firms in the country by assets under management (AUM). The firm has a small team, including 5 financial advisors. Kensington Asset Management, LLC is not a registered broker-dealer, signifying that the firm is not able to buy and sell securities for its own accounts as well as its customers' and instead has to go through a broker-dealer firm to do so. Securities are tradable financial investments like options, equities and bonds.

Kensington Asset Management, LLC administers all of the company's client assets on a discretionary basis. Discretionary management signifies that a portfolio manager has the discretion to make transaction judgments for the client's account without requiring the customer's consent. The firm's typical account size is $641.6 million. The average advisor at Kensington Asset Management, LLC oversees fewer than one client account, placing it among the most personalized advisor firms in the country.

The company's main office is at 901 S. Mopac Expy, Austin, Texas 78746. Kensington Asset Management, LLC is legally registered to serve clients in the state of Texas.

Assets Under Management

$1.9 billion

Number of Advisors

5

Disclosures

No

Office Location

901 S. Mopac Expy
Austin, TX 78746

Kensington Asset Management, LLC by the Numbers

Total Assets Under Management

$1.9 billion

National Average: $8.6 billion
Total Number of Employees

13

National Average: 64
Total Number of Accounts

3

National Average: 375,227
Average Account Size

$641.6 million

National Average: $23.0 thousand
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Fee Structure

Fees for financial management typically are based on which services are offered. Fees billed by the company typically consist of the following fee structure: asset-based. Wrap fee programs, or the practice of bundling services for a single fee, are not provided by the company.

Available

  • Offered by 69% of firms

    Percentage of Assets

    Show Explanation

    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.

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 26% of firms that offer this fee type

    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.

  • 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 32% of firms that offer this fee type

    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.

  • 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

Kensington Asset Management, LLC works with investment companies. Out of its three accounts, Kensington Asset Management, LLC's largest client type is investment companies. None of the firm's clients are represented by people from outside of the U.S.

  • High-Net-Worth Individuals* - 0%
  • Other Individuals - 0%
  • Corporations - 100%
  • 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

Kensington Asset Management, LLC does not have any disclosures.

Please visit its Form ADV for more details.

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Financial Advisors at Kensington Asset Management, LLC

Jason Sim
Austin, TX
Bruce Delaurentis
Austin, TX
Patrick Sommerstad
Austin, TX
David Fontenot
Austin, TX
Jordan Flebotte
Austin, 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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