Keeney Financial Group Inc. (Columbia)

Name: Keeney Financial Group Inc.
Address: 6811 Benjamin Franklin Drive, Columbia, MD, 21046
Telephone: 410-730-7933

Keeney Financial Group Inc. is a large advisory firm based in Columbia. It manages $237.86 million of regulatory assets for 752 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of California, Delaware, Florida, and 6 other states.

Keeney Financial Group provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Keeney Financial Group: assets under management

The assets under management (AUM) of Keeney Financial Group Inc. is $237.86 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 44% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $237.86 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $316.31 thousand each.

Keeney Financial Group has custody of $153.94 million in cash and securities for 296 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 90% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 7% of the firm’s portfolio. Investments in exchange traded securities form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Keeney Financial Group Inc. for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients John Patrick Keeney serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of John Patrick Keeney is high net worth individuals with 107 clients and $150.86 million of assets under management. Among the 10 most similar advisory firms, Keeney Financial Group has the 5th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $234.85 million for 373 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.

Keeney Financial Group doesn't advise any private funds.

Careers at Keeney Financial Group Inc.

The company employs 12 people that are either part- or full-time employees. 33 percent of the employees work as investment advisers or researchers. 4 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
John Patrick Keeney	President/chief compliance officer	1 Nov 2015	75% - 100%	1794419

Based in Columbia

The principal office where Keeney Financial Group Inc. performs its advisory services is located at 6811 Benjamin Franklin Drive, Columbia, MD 21046, 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 410-730-7933. The normal business hours are 8:30 am - 4:30 pm on Monday - Friday. You can find more information about the New York firm at keeneyfinancial.com/ and its LinkedIn profile.