Kobo Wealth Conservancy, LLC (Honolulu)

Name: Kobo Wealth Conservancy, LLC
Address: 841 Bishop Street Suite 1620, Honolulu, HI, 96813
Telephone: 808-546-1001

Kobo Wealth Conservancy, LLC is a large advisory firm based in Honolulu. It manages $105.29 million of regulatory assets for 87 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of California, Hawaii, and Illinois.

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

Kobo Wealth Conservancy: assets under management

The assets under management (AUM) of Kobo Wealth Conservancy, LLC is $105.29 million. The firm's AUM has grown by 301% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $90.5 million in discretionary accounts and $14.79 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.05 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $14.79 million.

Investments

The firm invests in investment and business development companies the most. They account for 73% of the total AUM. The second-largest asset type is exchange traded securities, which make up 14% 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 Kobo Wealth Conservancy, LLC for their services and products based on a percentage of assets under management and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Kobo Wealth Conservancy serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Kobo Wealth Conservancy is high net worth individuals with 17 clients and $60.43 million of assets under management. Among the 12 most similar advisory firms, Kobo Wealth Conservancy has the 5th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $105.29 million for 85 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.

Kobo Wealth Conservancy doesn't advise any private funds.

Careers at Kobo Wealth Conservancy, LLC

The company employs 2 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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
Cristopher Jon Borden	Manager / chief compliance officer	1 Feb 2007	75% - 100%	4781274
Llc Kobo	Owner	1 Nov 2008	75% - 100%	26-0297232

Indirect Owners

The SEC currently registers 4 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Cristopher Jon Borden	Managing member	1 Nov 2008	25% - 50%	4781274
Kobo Wealth Conservancy And Family Office Llc 401(K) Plan Trust Fund	Owner	1 Nov 2008	25% - 50%	30-0511967
Christopher Jon Borden	Trustee to the plan trust	1 Nov 2008	Other	5368900
Matthew D Hutcheson	Trustee	1 Nov 2008	Other	5992251

Based in Honolulu

The principal office where Kobo Wealth Conservancy, LLC performs its advisory services is located at 841 Bishop Street Suite 1620, Honolulu, HI 96813, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 808-546-1001 or by fax 808-546-1003. The normal business hours are 9:00 am to 4:00 pm on Monday - Friday. You can find more information about the New York firm at kobowealth.com.