Kleinhenz & Associates, Ltd. (Cleveland)

Name: Kleinhenz & Associates, Ltd.
Address: 7100 Euclid Avenue, Cleveland, OH, 44103
Telephone: 216-706-2921

Kleinhenz & Associates, Ltd. is a large advisory firm based in Cleveland. It manages $98.48 million of regulatory assets for 182 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of Illinois, Ohio, and Texas.

Kleinhenz & Associates provides portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Kleinhenz & Associates: assets under management

The assets under management (AUM) of Kleinhenz & Associates, Ltd. is $98.48 million. The firm's AUM has grown by 134% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $86.76 million in discretionary accounts and $11.71 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $487.44 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $2.93 million.

Investments

The firm invests in exchange traded securities the most. They account for 70% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 10% of the firm’s portfolio. Investments in cash and cash equivalents form 8% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Kleinhenz & Associates, Ltd. for their services and products based on a percentage of assets under management. 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 Kleinhenz & Associates serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Kleinhenz & Associates is high net worth individuals with 60 clients and $92.31 million of assets under management. Among the 7 most similar advisory firms, Kleinhenz & Associates has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $98.48 million for 77 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.

Kleinhenz & Associates doesn't advise any private funds.

Careers at Kleinhenz & Associates, Ltd.

The company employs 3 people that are either part- or full-time employees. 100 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
Karen Rose Kleinhenz	Chief compliance officer & managing member	1 Nov 2007	50% - 75%	4068048
John Edward Kleinhenz	Member & chief economist	1 Nov 2007	25% - 50%	5106950
John E. Kleinhenz	Principal	1 Nov 2007	25% - 50%	5106950

Based in Cleveland

The principal office where Kleinhenz & Associates, Ltd. performs its advisory services is located at 7100 Euclid Avenue, Cleveland, OH 44103, 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 216-706-2921 or by fax 216-391-4767. The normal business hours are 8:30am-5:00pm on Monday - Friday. You can find more information about the New York firm at kleinhenzwealth.com.