M. Kulyk & Associates, LLC (Decatur)

Name: M. Kulyk & Associates, LLC
Address: 2786 N Decatur Road, Decatur, GA, 30033
Telephone: (404) 294-5917

M. Kulyk & Associates, LLC is a large advisory firm based in Decatur. It manages $195.1 million of regulatory assets for 1,014 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of California, Georgia, Louisiana, and 6 other states.

M. Kulyk & Associates provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

M. Kulyk & Associates: assets under management

The assets under management (AUM) of M. Kulyk & Associates, LLC is $195.1 million. The firm's AUM has grown by 47% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $192.65 million in discretionary accounts and $2.45 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $191.88 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $245 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 66% of the total AUM. The second-largest asset type is exchange traded securities, which make up 24% of the firm’s portfolio. Investments in cash and cash equivalents form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay M. Kulyk & Associates, 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 M. Kulyk & Associates serves?

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of M. Kulyk & Associates is high net worth individuals with 76 clients and $124.94 million of assets under management. Among the 8 most similar advisory firms, M. Kulyk & Associates has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $195.1 million for 284 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.

M. Kulyk & Associates doesn't advise any private funds.

Careers at M. Kulyk & Associates, LLC

The company employs 5 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 5 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.

M. Kulyk & Associates, LLC is owned by Mary Barbara Shaltis. James Russell Hadaway joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Margaret Ann Kulyk	Managing member & chief compliance officer	1 Oct 2017	75% - 100%	4527484
Farley Kulyk Family Living Trust	Owner	1 Dec 2017	75% - 100%	17-9425795
Mary Barbara Shaltis	Owner/executive/senior/financial planner	1 Sep 2018	Other	6217165
James Russell Hadaway	Chief compliance officer	1 Jun 2019	Other	3070075

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Margaret Ann Kulyk	Trustee	1 Dec 2017	Other	4527484

Based in Decatur

The principal office where M. Kulyk & Associates, LLC performs its advisory services is located at 2786 N Decatur Road, Decatur, GA 30033, which is also the mailing address of the firm. An additional office of the firm is in San Anselmo, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (404) 294-5917 or by fax 404-294-8610. The normal business hours are 9:00am - 6:00pm on Monday - Friday. You can find more information about the New York firm at chicorywealth.com.