Ka Fund Advisors, LLC (Houston)

Name: Ka Fund Advisors, LLC
Address: 811 Main Street, Houston, TX, 77002
Telephone: 713-493-2020

Ka Fund Advisors, LLC is a large advisory firm based in Houston. It manages $3.99 billion of regulatory assets for 10 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of California and Texas.

Ka Fund Advisors provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Ka Fund Advisors: assets under management

The assets under management (AUM) of Ka Fund Advisors, LLC is $3.99 billion. The firm's AUM has grown by 28% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $3.92 billion in discretionary accounts and $69.53 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $560.24 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $23.18 million.

Investments

The firm invests in exchange traded securities the most. They account for 81% of the total AUM. The second-largest asset type is non-exchange traded securities, which make up 12% of the firm’s portfolio. Investments in cash and cash equivalents form 7% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Ka Fund Advisors, LLC for their services and products based on a percentage of assets under management 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 Ka Fund Advisors serves?

The firm provides services to investment companies, other investment advisers, high net worth individuals, pooled investment vehicles, and pension and profit sharing plans. The largest group of clients of Ka Fund Advisors is investment companies with 2 clients and $3.89 billion of assets under management. Among the 8 most similar advisory firms, Ka Fund Advisors has the 2nd highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $3.99 billion for 10 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.

Ka Fund Advisors doesn't advise any private funds.

Careers at Ka Fund Advisors, LLC

The company employs 62 people that are either part- or full-time employees. 40 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
David Shladovsky	General counsel of manager	1 Jan 1997	Other	2853905
John Frederick Daley	Chief financial officer of manager	1 Jul 2003	Other	3057693
Kevin Slattery Mccarthy	Managing partner	1 Jun 2004	Other	1308931
John Charles Frey	Managing partner	1 Jun 2004	Other	2877371
Kayne Anderson Capital Advisors Lp	Member/manager	1 Jun 2006	75% - 100%	104536
Judith Madelon Ridder	Chief compliance officer of manager and adviser	1 Jun 2006	Other	4781074
Allen Scott Keys	Chief financial officer of manager and adviser	1 Oct 2009	Other	5716062
Robert Vose Sinnott	Chief executive officer of manager	1 Apr 2010	Other	2153155
Terry A. Hart	Chief financial officer	1 Mar 2011	Other	5772783
Katharine Louise Hall	Chief compliance officer of manager and adviser	1 Jan 2012	Other	6011298
Michael Joseph O'neil	Chief compliance officer	1 Mar 2012	Other	6043576
Richard Alan Kayne	Co-chairman and founder of manager	1 Jul 2016	Other	265609
Michael Jeffrey Levitt	Chief executive officer of manager	1 Jul 2016	Other	1616128
Paul Stuart Blank	Chief operating officer	1 Jul 2016	Other	4126840
Jarvis Vincent Hollingsworth	General counsel of manager	1 May 2019	Other	5664586

Indirect Owners

The SEC currently registers 9 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Kayne Anderson Investment Management	General partner	1 Jun 1994	75% - 100%	95-3936665
Richard Alan Kayne	Chief executive officer	1 Jun 1994	75% - 100%	265609
Inc. Ka Holdings	Owner	1 Aug 1995	75% - 100%	95-4570940
John Edward Anderson	Owner & director	1 Aug 1995	25% - 50%	1482027
Robert Vose Sinnott	Managing director	1 Jan 1997	Other	2153155
Richard Alan Kayne	Chairman & founder	1 Jun 2010	50% - 75%	265609
Robert Vose Sinnott	Chief executive officer	1 Jun 2010	Other	2153155
John And Marion Anderson Trust A	Owner	1 Jan 2011	25% - 50%	xxx-xx-xxxx
Robert Vose Sinnott	Co-chairman	1 Jul 2016	25% - 50%	2153155

Based in Houston

The principal office where Ka Fund Advisors, LLC performs its advisory services is located at 811 Main Street, Houston, TX 77002, which is also the mailing address of the firm. An additional office of the firm is in Los Angeles, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 713-493-2020. The normal business hours are 8:00 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at kaynefunds.com.