DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

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SEC-registered adviser

K•••••••• G••••• • C••

Independent wealth managerSaratoga Spring, New YorkCRD 105696SEC 801-25724websiteIAPD
Legal name K•••••••• A•••••••• I••
Latest filing Feb 26, 2026
First filing on the tape Mar 9, 2012 · 23 filings
SEC status approved since Sep 24, 1986
RAUM
$825M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
92%
$756M individuals and HNW
Advisors
1
registered through the firm on IAPD
RAUM per advisor
$825M
derived; firm RAUM over IAPD count
Employees
6
6 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
23 filings and snapshots on the tape
RAUM$825M as of Feb 26, 2026
Mar 9, 2012$111M then
HNW client RAUM$454M as of Feb 26, 2026
Feb 16, 2018$137M then
State-registered IARs (5.B.3)0 as of Feb 26, 2026
Mar 9, 20120 then
Employees (5.A)6 as of Feb 26, 2026
Feb 13, 20132 then
Private funds: no history
RAUM +57% over the last fiscal year+31% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Feb 26, 2026; every figure names its basis
Archetypes, each a printed rule
  • HNW wealth manager · private-client share of RAUM at least 50 percent and HNW share of private-client RAUM 50 to 90 percent
  • Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
RAUM per advisor
$825MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
525derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$4.5MderivedHNW RAUM over HNW clients
Average account
$582,123derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
2.7%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
6.0derivedItem 5.A over advisors
Advisors per office
1.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+57%derivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
+46%derived
Compensation
percentage of assetsreportedItem 5.E
Advisory activities
portfolio management for individualsreportedItem 5.G
Custody
$26.0M, 8 clientsreportedItem 9.A
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • is an insurance broker or agent (6.A.6)
  • is a trust company (6.A.8)
  • buys or sells securities as principal to or from clients (8.A.2)
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • receives research or other products from a broker-dealer, soft dollars (8.E)
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
  • a related person has custody of client cash (9.B.1.a)
  • a related person has custody of client securities (9.B.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$454M57%
  • Individuals$303M38%
  • Pension and profit-sharing plans$22.5M2.8%
  • Corporations and businesses$20.6M2.6%
Individual clients
425reported
HNW clients
100reported
Pension plan clients
17reported
Charitable clients
n/areported
Accounts
1,418reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$26.0M for 8 clientsreported
Compensation
% of AUMreported
Class basis
private_client_share=0.92 fund_share=0.0 institutional_share=0.03 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
1 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
T•••••• P•••• F•••••••Certified Financial PlannerSaratoga Spring, NyFeb 27, 202317 y1
Advisor movement
0 left, 0 joined in 12 months
net 0 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • G•••••• C••••••••• G••••• · President & Chief Compliance Officercontrol
    since 06/2002 · owns 75% or more
  • F•••••••• T••••••• P•••• · Princpal, Relationship Manager
    since 09/2019 · owns less than 5%
Related persons
Schedule D 7.A
No related person reported.
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
2 against comparable advisers; where to look, not conclusions
  • RAUM up 50 %Change between filings · filing Feb 26, 2026
    RAUM (Item 5.F) moved from $524,701,866 to $825,450,300 (+57.0%) between the annual amendments of 2025-03-10 and 2026-02-26; the peer median change was +16.0% (1385 comparable advisers, 95.0th percentile of changes)
    peers: independent wealth managers, $500M to $1B (1,385) · 95% percentile
  • account count surgeChange between filings · filing Feb 26, 2026
    accounts (Item 5.F.2.f) moved from 938.0 to 1,418.0 (+51.0%) between the annual amendments of 2025-03-10 and 2026-02-26; the peer median change was +6.0% (1256 comparable advisers, 94.0th percentile of changes)
    peers: independent wealth managers, $500M to $1B (1,256) · 94% percentile
What changed
consecutive filings, newest first
  • Accounts · 938 to 1,418
    Mar 10, 2025 to Feb 26, 2026
  • Advisory employees · 4 to 6
    Mar 10, 2025 to Feb 26, 2026
  • Corporate clients · 21 to 20
    Mar 10, 2025 to Feb 26, 2026
  • HNW clients · 90 to 100
    Mar 10, 2025 to Feb 26, 2026
  • Individual clients · 270 to 425
    Mar 10, 2025 to Feb 26, 2026
  • Pension plan clients · 6 to 17
    Mar 10, 2025 to Feb 26, 2026
  • Assets in custody · $21.3M to $26.0M
    Mar 10, 2025 to Feb 26, 2026
  • Employees · 4 to 6
    Mar 10, 2025 to Feb 26, 2026
  • Discretionary RAUM · $524M to $825M
    Mar 10, 2025 to Feb 26, 2026
  • HNW RAUM · $286M to $454M
    Mar 10, 2025 to Feb 26, 2026
  • Individual RAUM · $191M to $303M
    Mar 10, 2025 to Feb 26, 2026
  • Non-discretionary RAUM · $307,638 to $350,598
    Mar 10, 2025 to Feb 26, 2026
  • Pension RAUM · $10.7M to $22.5M
    Mar 10, 2025 to Feb 26, 2026
  • RAUM · $525M to $825M
    Mar 10, 2025 to Feb 26, 2026
  • Non-discretionary RAUM · $245,365 to $307,638
    Mar 6, 2024 to Mar 10, 2025
  • Pension RAUM · $6.8M to $10.7M
    Mar 6, 2024 to Mar 10, 2025
  • RAUM · $437M to $525M
    Mar 6, 2024 to Mar 10, 2025
  • Accounts · 791 to 938
    Mar 6, 2024 to Mar 10, 2025
  • Corporate clients · 10 to 21
    Mar 6, 2024 to Mar 10, 2025
  • HNW clients · 80 to 90
    Mar 6, 2024 to Mar 10, 2025
  • Individual clients · 196 to 270
    Mar 6, 2024 to Mar 10, 2025
  • Pension plan clients · 3 to 6
    Mar 6, 2024 to Mar 10, 2025
  • Assets in custody · $19.5M to $21.3M
    Mar 6, 2024 to Mar 10, 2025
  • Financial planning clients · unset to
    Mar 6, 2024 to Mar 10, 2025
  • Discretionary RAUM · $437M to $524M
    Mar 6, 2024 to Mar 10, 2025
  • HNW RAUM · $228M to $286M
    Mar 6, 2024 to Mar 10, 2025
  • Individual RAUM · $172M to $191M
    Mar 6, 2024 to Mar 10, 2025
  • Accounts · 744 to 791
    Mar 6, 2023 to Mar 6, 2024
  • Advisory employees · 3 to 4
    Mar 6, 2023 to Mar 6, 2024
  • Corporate clients · 11 to 10
    Mar 6, 2023 to Mar 6, 2024
  • HNW clients · 79 to 80
    Mar 6, 2023 to Mar 6, 2024
  • Individual clients · 181 to 196
    Mar 6, 2023 to Mar 6, 2024
  • Assets in custody · $16.5M to $19.5M
    Mar 6, 2023 to Mar 6, 2024
  • Employees · 3 to 4
    Mar 6, 2023 to Mar 6, 2024
  • Discretionary RAUM · $363M to $437M
    Mar 6, 2023 to Mar 6, 2024
  • HNW RAUM · $215M to $228M
    Mar 6, 2023 to Mar 6, 2024
  • Individual RAUM · $117M to $172M
    Mar 6, 2023 to Mar 6, 2024
  • Non-discretionary RAUM · $276,011 to $245,365
    Mar 6, 2023 to Mar 6, 2024
  • Pension RAUM · $6.0M to $6.8M
    Mar 6, 2023 to Mar 6, 2024
  • RAUM · $363M to $437M
    Mar 6, 2023 to Mar 6, 2024
Signals
2 dated events
  • K•••••••• G••••• • C•• reported RAUM $825.5M, up 57% from $524.7M (2025-03-10 to 2026-02-26)
    Feb 26, 2026 · RAUM change · derived
  • Richard Thomas Kershner (President) no longer on Schedule A of K•••••••• G••••• • C•• (listed 2021-02-02, absent 2021-08-13)
    Aug 13, 2021 · Control person left · inference
Across DFX
shared identifiers only, never a name match
No identifier-backed link to the venture, private equity, family office or sponsor graphs.
How to reach
public business contact points only, each with its source
Business phone
518-584-2600reportedpublished by the firm, firm site, Sep 15, 2026
Website
K•••••••G•••••.COMreportedpublic record, Form ADV, Sep 19, 2026
Principal office phone
518-584-2600reportedpublic record, Form ADV, Feb 26, 2026
Contact form
k•••••••••.comreportedpublished by the firm, firm site, Sep 15, 2026
Team page
k•••••••••.comreportedpublished by the firm, firm site, Sep 15, 2026
Provenance
Form ADV
SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
Advisors
IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
Class
Independent wealth managerderiveda rule over Items 5.D and 7.A
RAUM per advisor
$825Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026