Luther King Capital Management Corporation (Fort Worth)

Name: Luther King Capital Management Corporation
Address: 301 Commerce Street, Fort Worth, TX, 76102
Telephone: 817-332-3235

Luther King Capital Management Corporation is a large advisory firm based in Fort Worth. It manages $18.08 billion of regulatory assets for 2,679 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdictions of Arizona, Arkansas, California, and 21 other states.

Luther King Capital Management Corporation provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and investment consulting services/non-discretionary investment advice. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Luther King Capital Management Corporation: assets under management

The assets under management (AUM) of Luther King Capital Management Corporation is $18.08 billion. The firm's AUM has grown by 217% since the beginning of its operation, and $426.04 million of the total AUM is attributable to clients outside of the United States.

The firm manages $17.86 billion in discretionary accounts and $216.68 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $6.7 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $16.67 million.

Luther King Capital Management Corporation has custody of $3.51 billion in cash and securities for 19 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 81% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 6% of the firm’s portfolio. Investments in state and local bonds form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Luther King Capital Management Corporation for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Luther King Capital Management Corporation serves?

The firm provides services to individuals, investment companies, charitable organizations, other investment advisers, high net worth individuals, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Luther King Capital Management Corporation is high net worth individuals with 1,561 clients and $5.3 billion of assets under management. Among the 8 most similar advisory firms, Luther King Capital Management Corporation has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $18.08 billion for 2,679 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.

Luther King Capital Management Corporation also advises several private funds. Namely, six hedge funds, one real estate fund, and six private equity funds. The minimum investment commitment required of non-related persons ranges from $0 to $250,000.

Careers at Luther King Capital Management Corporation

The company employs 86 people that are either part- or full-time employees. 58 percent of the employees work as investment advisers or researchers. 30 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 compensates 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 Luther King	President, chief executive officer, principal	1 Jan 1979	Other	2357785
Teresa Ann King	Secretary	1 Jan 1979	Other	4386849
Barbara Sheaffer Garcia	Vice president, treasurer	1 Jan 1979	Other	4386855
Southwest Jlk Corporation	Shareholder	1 Feb 1983	75% - 100%	75-1869834
Jacquelin Farmer Brownfield	Vp, chief compliance officer; vp, secretary, treasurer - lkcm funds	1 Nov 2000	Other	2581272
Jacob Daniel Smith	Vice president, general counsel, chief compliance officer	1 Jul 2006	Other	5183720

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
John Luther King	Beneficial owner, chairman of the board, president	1 Feb 1983	75% - 100%	2357785
Teresa Ann King	Beneficial owner, community property interest	1 Feb 1983	75% - 100%	4386849

Based in Fort Worth

The principal office where Luther King Capital Management Corporation performs its advisory services is located at 301 Commerce Street, Fort Worth, TX 76102, which is also the mailing address of the firm. An additional office of the firm is in San Antonio, TX. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 817-332-3235 or by fax 817-332-4630. The normal business hours are 8:30 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at lkcm.com.