Km Capital Management, Ltd. (Austin)

Name: Km Capital Management, Ltd.
Address: 1701 Directors Blvd., Austin, TX, 78744
Telephone: 512-697-0290

Km Capital Management, Ltd. is a large advisory firm based in Austin. It manages $145.77 million of regulatory assets for 180 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of California, Louisiana, and Texas.

Km Capital Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and bookkeeping services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Km Capital Management: assets under management

The assets under management (AUM) of Km Capital Management, Ltd. is $145.77 million. The firm's AUM has grown by 538% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $135.07 million in discretionary accounts and $10.7 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.48 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $120.19 thousand.

Km Capital Management has custody of $122 million in cash and securities for 47 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment grade corporate bonds the most. They account for 34% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 29% of the firm’s portfolio. Investments in state and local bonds form 12% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Km Capital Management, Ltd. 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 Joseph W Feste serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pooled investment vehicles. The largest group of clients of Joseph W Feste is high net worth individuals with 26 clients and $117.75 million of assets under management. Among the 6 most similar advisory firms, Km Capital Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $145.77 million for 50 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.

Km Capital Management also advises several private funds. Namely, three private equity funds.

Careers at Km Capital Management, Ltd.

The company employs 7 people that are either part- or full-time employees. 43 percent of the employees work as investment advisers or researchers. 3 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Joseph W Feste has been acting as President since 1 Mar 2014. Mark Ruben Tracy joined the executive team most recently as the Chief Financial Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Joseph Andrew Feste	Chief compliance officer	1 Jul 2004	75% - 100%	1739013
Ltd Km Capital Management	Limited partner	1 Jul 2004	Other	68-0590238
Llc Km Capital Management Gp	General partner	1 Jul 2004	75% - 100%	30-0265041
Herbert Gaylon Boyd	Partner	1 Jul 2004	50% - 75%	2095185
Mark Ruben Tracy	Chief financial officer	1 Oct 2004	Other	6288468
Joseph W Feste	President	1 Mar 2014	Other	5963495

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Kelley Feste	Member	1 Jul 2004	50% - 75%	6778609

Based in Austin

The principal office where Km Capital Management, Ltd. performs its advisory services is located at 1701 Directors Blvd., Austin, TX 78744, which is also the mailing address of the firm. An additional office of the firm is in San Antonio, TX. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 512-697-0290 or by fax 512-697-0291. The normal business hours are 8:00 a.m. to 4:30 p.m. on Other. You can find more information about the New York firm at kmcapitalmgt.com.