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Former SEC-registered adviser

K•• A•••• M••••••••• I•••

Former SEC-registered adviserMontpelier, VermontCRD 110265SEC 801-57760IAPD
Latest filing Jul 31, 2023
First filing on the tape Mar 30, 2012 · 31 filings
RAUM
$442M
reported, Item 5.F
Discretionary
20%
of RAUM
Private clients
6.3%
$27.9M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
19
16 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
31 filings and snapshots on the tape
RAUM$442M as of Mar 31, 2023
Mar 30, 2012$381M then
HNW client RAUM$27.9M as of Mar 31, 2023
Apr 10, 2018$26.9M then
State-registered IARs (5.B.3)1 as of Mar 31, 2023
Apr 1, 20131 then
Employees (5.A)19 as of Mar 31, 2023
Apr 1, 20139 then
Private funds1 as of Mar 31, 2014
Mar 30, 20121 then
RAUM +2.6% over the last fiscal year-1.4% a year over threeIARs 1 to 1
Practice profile
derived from the filing of Jul 31, 2023; every figure names its basis
RAUM per advisor
$442MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
29derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$961,106derivedHNW RAUM over HNW clients
Average account
$12.3MderivedRAUM over accounts (5.F.2.f)
Discretionary
20%derivedof RAUM
Institutional
14%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
19.0derivedItem 5.A over advisors
Advisors per office
1.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+2.6%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
-3.3%derived
Compensation
percentage of assets, fixed feesreportedItem 5.E
Advisory activities
portfolio management for individuals, portfolio management for businesses and institutionsreportedItem 5.G
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
  • 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)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Banks and thrifts$351M80%
  • Pension and profit-sharing plans$55.3M13%
  • High-net-worth individuals$27.9M6.3%
  • Charitable organizations$7.2M1.6%
Individual clients
0reported
HNW clients
29reported
Pension plan clients
1reported
Charitable clients
1reported
Accounts
36reported
Financial planning clients
n/areported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, fixedreported
Class basis
absent from the latest SEC rosterderived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
none on the tape
    Joined, latest
    none on the tape
      Every departureEvery arrival
      Private funds
      1 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      K•• D•••••••• H••• Y•••• F•••• L•••no longer reportedOther Private Fund$10.5M18Mar 30, 2012
      Owners and control persons
      Schedule A and B, latest filing
      • P•••••••• K••••••• D• · President, Chief Executive Officercontrol
        since 07/1996 · owns less than 5%
      • P•••••••• K••••••• D• · Presidentcontrol
        since 03/2003 · owns 50% to 75% of K••• L••
      • F••••• C••••••••• J••• · Compliance Officer
        since 03/2018 · owns less than 5%
      • S••••••••• R•••• · Treasurer, Secretary
        since 10/2009 · owns less than 5%
      Entity owners
      • K••• L•• · Common Units
        direct · owns 75% or more
      Related persons
      Schedule D 7.A
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Accounts · 37 to 36
        Nov 8, 2022 to Mar 31, 2023
      • Advisory employees · 17 to 16
        Nov 8, 2022 to Mar 31, 2023
      • HNW clients · 30 to 29
        Nov 8, 2022 to Mar 31, 2023
      • Pension plan clients · 2 to 1
        Nov 8, 2022 to Mar 31, 2023
      • Employees · 20 to 19
        Nov 8, 2022 to Mar 31, 2023
      • Discretionary RAUM · $59.2M to $90.3M
        Nov 8, 2022 to Mar 31, 2023
      • HNW RAUM · $44.0M to $27.9M
        Nov 8, 2022 to Mar 31, 2023
      • Non-discretionary RAUM · $372M to $351M
        Nov 8, 2022 to Mar 31, 2023
      • Pension RAUM · $90.2M to $55.3M
        Nov 8, 2022 to Mar 31, 2023
      • RAUM · $431M to $442M
        Nov 8, 2022 to Mar 31, 2023
      • Accounts · 38 to 37
        Mar 31, 2021 to Mar 30, 2022
      • Charity clients · 2 to 1
        Mar 31, 2021 to Mar 30, 2022
      • HNW clients · 29 to 30
        Mar 31, 2021 to Mar 30, 2022
      • Employees · 21 to 20
        Mar 31, 2021 to Mar 30, 2022
      • Discretionary RAUM · $177M to $59.2M
        Mar 31, 2021 to Mar 30, 2022
      • HNW RAUM · $44.8M to $44.0M
        Mar 31, 2021 to Mar 30, 2022
      • Non-discretionary RAUM · $336M to $372M
        Mar 31, 2021 to Mar 30, 2022
      • Pension RAUM · $116M to $90.2M
        Mar 31, 2021 to Mar 30, 2022
      • RAUM · $513M to $431M
        Mar 31, 2021 to Mar 30, 2022
      • Accounts · 42 to 38
        May 27, 2020 to Mar 31, 2021
      • Charity clients · 4 to 2
        May 27, 2020 to Mar 31, 2021
      • HNW clients · 31 to 29
        May 27, 2020 to Mar 31, 2021
      • Discretionary RAUM · $170M to $177M
        May 27, 2020 to Mar 31, 2021
      • HNW RAUM · $35.9M to $44.8M
        May 27, 2020 to Mar 31, 2021
      • Non-discretionary RAUM · $291M to $336M
        May 27, 2020 to Mar 31, 2021
      • Pension RAUM · $117M to $116M
        May 27, 2020 to Mar 31, 2021
      • RAUM · $462M to $513M
        May 27, 2020 to Mar 31, 2021
      • Accounts · 41 to 42
        May 14, 2019 to Mar 31, 2020
      • Charity clients · 5 to 4
        May 14, 2019 to Mar 31, 2020
      • Discretionary RAUM · $173M to $170M
        May 14, 2019 to Mar 31, 2020
      • HNW RAUM · $35.3M to $35.9M
        May 14, 2019 to Mar 31, 2020
      • Non-discretionary RAUM · $94.0M to $291M
        May 14, 2019 to Mar 31, 2020
      • Pension RAUM · $120M to $117M
        May 14, 2019 to Mar 31, 2020
      • RAUM · $268M to $462M
        May 14, 2019 to Mar 31, 2020
      • Business name · K•• A•••• M••••••••• I•• to K•• A•••• M••••••••• I•••
        Apr 4, 2019 to May 14, 2019
      • Legal name · K•• A•••• M••••••••• I•• to K•• A•••• M••••••••• I•••
        Apr 4, 2019 to May 14, 2019
      • Accounts · 48 to 41
        Apr 11, 2018 to Apr 4, 2019
      • Advisory employees · 18 to 17
        Apr 11, 2018 to Apr 4, 2019
      • HNW clients · 27 to 31
        Apr 11, 2018 to Apr 4, 2019
      • Pension plan clients · 3 to 2
        Apr 11, 2018 to Apr 4, 2019
      Signals
      2 dated events
      • K•• A•••• M••••••••• I••• reported RAUM $461.6M, up 73% from $267.5M (2019-05-14 to 2020-03-31)
        Mar 31, 2020 · RAUM change · derived
      • K•• A•••• M••••••••• I••• reported RAUM $267.5M, down 39% from $439.9M (2018-04-11 to 2019-04-04)
        Apr 4, 2019 · RAUM change · derived
      Across DFX
      shared identifiers only, never a name match
      No identifier-backed link to the venture, private equity, family office or sponsor graphs.
      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
      Former SEC-registered adviserderiveda rule over Items 5.D and 7.A
      RAUM per advisor
      n/aderivedfirm RAUM over the IAPD count; not a book size
      Loaded
      Sep 14, 2026