L.M. Kohn & Company (Cincinnati)

Name: L.M. Kohn & Company
Address: 10151 Carver Rd., Cincinnati, OH, 45242
Telephone: 513-792-0301

L.M. Kohn & Company is a large advisory firm based in Cincinnati. It manages $1.1 billion of regulatory assets for 4,789 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Arizona, California, and 29 other states.

L.M. Kohn & Company provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

L.M. Kohn & Company: assets under management

The assets under management (AUM) of L.M. Kohn & Company is $1.1 billion. The firm's AUM has grown by 128% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $64.65 million in discretionary accounts and $1.03 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $40.99 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $321.24 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 47% of the total AUM. The second-largest asset type is investment and business development companies, which make up 31% 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 L.M. Kohn & Company for their services and products based on a percentage of assets under management, hourly charges, 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 Carl Robert Hollister serves?

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Carl Robert Hollister is individuals with 1,892 clients and $743.95 million of assets under management. Among the 8 most similar advisory firms, L.M. Kohn & Company has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $1.08 billion for 2,062 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.

L.M. Kohn & Company doesn't advise any private funds.

Careers at L.M. Kohn & Company

The company employs 117 people that are either part- or full-time employees. 56 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.

Carl Robert Hollister has been acting as President since 1 Oct 2017. Andrew Leonard Kohn joined the executive team most recently as the Vp Of Compliance/Asst. Secretary Treasurer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Larry Michael Kohn	Ceo/cob/treasurer	1 Nov 1990	75% - 100%	1063493
Terrence Michael Donnellon	Secretary	1 Nov 1990	Other	3063894
Carl Robert Hollister	Chief compliance officer/chief operations officer	1 Oct 1997	Other	1953484
Carl Robert Hollister	President/chief operations officer/chief compliance officer	1 Oct 2017	Other	1953484
Andrew Leonard Kohn	Vp of compliance/asst. secretary-treasurer	1 Oct 2017	Other	6081667

Based in Cincinnati

The principal office where L.M. Kohn & Company performs its advisory services is located at 10151 Carver Rd., Cincinnati, OH 45242, which is also the mailing address of the firm. An additional office of the firm is in Greeley, CO. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 513-792-0301 or by fax 513-792-0300. The normal business hours are 8:30 am to 5:30 pm on Monday - Friday. You can find more information about the New York firm at lmkohn.com.