David Kennon Incorporated (Sarasota)

Name: David Kennon Incorporated
Address: 1 South School Avenue, Sarasota, FL, 34237
Telephone: 941-556-6307

David Kennon Incorporated is a large advisory firm based in Sarasota. It manages $141 million of regulatory assets for 780 client accounts. It has been registered with the SEC as an adviser since 2019 and has operated in the jurisdictions of Florida and Pennsylvania.

David Kennon Incorporated 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.

David Kennon Incorporated: assets under management

The assets under management (AUM) of David Kennon Incorporated is $141 million, all of which is managed in discretionary accounts. $300 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $141 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $180.77 thousand each.

Investments

The firm invests in other assets the most. They account for 95% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 5% of the firm’s portfolio.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay David Kennon Incorporated 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 David Kennon Incorporated serves?

The only and largest group of clients of David Kennon Incorporated is individuals with 300 clients and $141 million of assets under management. Among the 10 most similar advisory firms, David Kennon Incorporated has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $141 million for 300 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.

David Kennon Incorporated doesn't advise any private funds.

Careers at David Kennon Incorporated

The company employs 3 people that are either part- or full-time employees. 33 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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
David R Kennon	Ceo and cco	1 Jan 2015	75% - 100%	xxx-xx-xxxx

Based in Sarasota

The principal office where David Kennon Incorporated performs its advisory services is located at 1 South School Avenue, Sarasota, FL 34237, 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 941-556-6307. The normal business hours are 9 am - 5 pm on Monday - Friday. You can find more information about the New York firm at kennonfinancial.com.