Keel Point, LLC is a large advisory firm based in Huntsville. It manages $2.08 billion of regulatory assets for 3,133 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of Alabama, Arizona, Arkansas, and 36 other states.
Keel Point provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, selection of other advisers, and consulting service to third-party ria. It prepares financial plans for more than 499 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Keel Point, LLC is $2.08 billion. The firm's AUM has grown by 46% since the beginning of its operation, and $758.29 thousand of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Keel Point, LLC for their services and products based on a percentage of assets under management, fixed fees, and performance-based 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.
The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of James Michael Perry is high net worth individuals with 107 clients and $905.66 million of assets under management. Among the 8 most similar advisory firms, Keel Point has the 2nd highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $2.08 billion for 1,165 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.
Keel Point also advises several private funds. Namely, one private equity fund. The minimum investment commitment required of non-related persons is $10,000 for each fund.
The company employs 66 people that are either part- or full-time employees. 45 percent of the employees work as investment advisers or researchers. 42 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 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.
James Michael Perry has been acting as President since 1 Dec 2014. William Bonham Scoggins joined the executive team most recently as the Chief Operations Officer.
The principal office where Keel Point, LLC performs its advisory services is located at 100 Church Street, Huntsville, AL 35801, which is also the mailing address of the firm. An additional office of the firm is in Leawood, KS. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 256-704-5111 or by fax 256-704-5110. The normal business hours are 8:00 - 5:00 on Monday - Friday. You can find more information about the New York firm at bluecreekip.com.