Kilner Capital Advisors, LLC (Gaithersburg)

Name: Kilner Capital Advisors, LLC
Address: 438 N. Frederick Avenue, Gaithersburg, MD, 20877
Telephone: 301.840.0501

Kilner Capital Advisors, LLC is a large advisory firm based in Gaithersburg. It manages $206.81 million of regulatory assets for 696 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of District of Columbia, Florida, Maryland, and Virginia.

Kilner Capital Advisors provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and consulting. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Kilner Capital Advisors: assets under management

The assets under management (AUM) of Kilner Capital Advisors, LLC is $206.81 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 31% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $206.81 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $297.14 thousand each.

Kilner Capital Advisors has custody of $73.05 million in cash and securities for 213 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 61% of the total AUM. The second-largest asset type is other assets, which make up 27% of the firm’s portfolio. Investments in state and local bonds form 7% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Kilner Capital Advisors, LLC for their services and products based on a percentage of assets under management and hourly charges. 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 Kilner Capital Advisors serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Kilner Capital Advisors is high net worth individuals with 58 clients and $143.72 million of assets under management. Among the 9 most similar advisory firms, Kilner Capital Advisors has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $202.81 million for 205 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.

Kilner Capital Advisors doesn't advise any private funds.

Careers at Kilner Capital Advisors, LLC

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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Joseph Francis Kilner	Managing member/principal/chief compliance officer	1 Nov 2005	75% - 100%	4540098
William Hall Miller	Member	1 Oct 2009	Other	5873620
Jerry P O'leary	Member	1 Oct 2009	Other	5873621
Inc. Kca Holding	Shareholder	1 Apr 2015	75% - 100%	47-3726781

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Joseph Francis Kilner	Shareholder	1 Apr 2015	75% - 100%	4540098

Based in Gaithersburg

The principal office where Kilner Capital Advisors, LLC performs its advisory services is located at 438 N. Frederick Avenue, Gaithersburg, MD 20877, which is also the mailing address of the firm. An additional office of the firm is in Frederick, MD. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 301.840.0501 or by fax 301.840.6639. The normal business hours are 9:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at kilnercapital.com.