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K•• C•••••• A•••••••• L••

Asset manager (funds and pooled vehicles)SEC-registered· Newport Beach, Californiawebsite

Asset manager (funds and pooled vehicles), based in Newport Beach, California, reporting $1.7B of regulatory assets.

Composed from this adviser's Form ADV classification, location and filed figures.

Regulatory AUM
$1.7B
Form ADV
Advisors
0
IAPD
Net advisor flow, 12 months
Not established
RAUM change, last fiscal year
-18%
Form ADV, consecutive annual filings
Private clients
0.0% of RAUM
Form ADV
As of · the latest Form ADV filing; advisor counts and movement are read from IAPD daily
Every filed figure, and the identifiersCRD 166213 · SEC 801-77576 · 29 filingsShow
CRD 166213SEC 801-77576First filing on the tape Jan 14, 2013, latest Mar 27, 2026SEC status approved since Jan 29, 2013IAPD
RAUM
$1.7B
reported, Item 5.F
Discretionary
0.0%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
75
3 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
29 filings and snapshots on the tape
RAUM$1.7B as of Mar 27, 2026
Mar 30, 2020$5.0B then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 27, 2026
Mar 28, 20140 then
Employees (5.A)75 as of Mar 27, 2026
Mar 28, 201422 then
Private funds: no history
RAUM -18% over the last fiscal year-19% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 27, 2026; every figure names its basis
RAUM per advisor
unknownderivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
unknownderivedHNW RAUM over HNW clients
Average account
$1.7BderivedRAUM over accounts (5.F.2.f)
Discretionary
0.0%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
unknownderivedItem 5.A over advisors
Advisors per office
unknownderived1 offices incl. principal (1.F.5)
RAUM growth, one year
-18%derivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assets, performance-based, otherreportedItem 5.E
Advisory activities
portfolio management for pooled vehiclesreportedItem 5.G
Custody
$23.4M, 1 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
  • has custody of client cash or bank accounts (9.A.1.a)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$1.7B100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
1reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$23.4M for 1 clientsreported
Compensation
% of AUM, performancereported
Class basis
private_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=true related_bank=false bd_reps=3.0derived
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
      Private funds
      No private fund reported.
      Owners and control persons
      Schedule A and B, latest filing
      • S••••••••• J••• C••••••• J•• · Chairman And Presidentcontrol
        since 09/2023 · owns less than 5%
      • S••••••••• J••• C••••••• J•• · Limited Partnercontrol
        since 10/2004 · owns 75% or more of S•••••••• R••• E••••• I••••••••• L•••
      • S••••••••• J••• C••••••• J•• · Managercontrol
        since 10/2019 · owns F of P••• M••••••••• L••
      • S••••••••• J••• C••••••• J•• · Elected Managercontrol
        since 05/2019 · owns F of P•••• I••••••••• L•••
      • C•••••••• G••••••• · Regional President, Western U.S. Portfolio Operations
        since 01/2023 · owns less than 5%
      • D•••••• M••• · Chief Executive Officer And Regional President, Eastern Region
        since 01/2022 · owns less than 5%
      • U•••••• R•••••• E•••••• · Chief Compliance Officer
        since 03/2014 · owns less than 5%
      • W••••••••• J••••••• K•••• · Chief Financial Officer, Secretary & Treasurer
        since 09/2023 · owns less than 5%
      • Z••••••• D••••• M•••••• · Executive Vice President, Human Resources
        since 01/2023 · owns less than 5%
      • B•••• R••••••• P•••• · T••••••
        since 11/2020 · owns F of R•••••• P• B•••• T•••••• O• T•• N•••••••• M•••••• T•••• C•••••• U•••• T•• P•••• B••• 2••• T••••
      Entity owners
      • K•• H••••••• L•• · Member
        direct · owns 75% or more
      • P••• M••••••••• L•• · Manager
        indirect · owns F of S•••••••• I••••••••• L••
      • P••• M••••••••• L•• · Manager
        indirect · owns F of P•••• I••••••••• L••
      • P•••• I••••••••• L••• · Member
        indirect · owns 50% to 75% of K•• H••••••• L••
      • P•••• I••••••••• L•• · General Partner
        indirect · owns F of P•••• I••••••••• L•••
      • R•••••• P• B•••• T•••••• O• T•• N•••••••• M•••••• T•••• C•••••• U•••• T•• P•••• B••• 2••• T•••• · Limited Partner
        indirect · owns 75% or more of P•••• I••••••••• L•••
      • S•••••••• I••••••••• L•• · General Partner
        indirect · owns F of S•••••••• R••• E••••• I••••••••• L•••
      • S•••••••• R••• E••••• I••••••••• L••• · Member
        indirect · owns 50% to 75% of K•• H••••••• L••
      Related persons
      Schedule D 7.A
      Advisers that list K•• C•••••• A•••••••• L•• as a related person
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      ADV anomalies
      1 against comparable advisers; where to look, not conclusions
      • low discretionary shareStatic outlier · filing Mar 27, 2026
        discretionary share of RAUM of 0% against a peer median of 100% (1505 comparable advisers, 0.0th percentile, 33.7 robust deviations)
        peers: asset managers, $1B to $5B (1,505) · 0.0% percentile
      What changed
      consecutive filings, newest first
      • Assets in custody · $2.1B to $23.4M
        Mar 28, 2025 to Mar 27, 2026
      • Employees · 79 to 75
        Mar 28, 2025 to Mar 27, 2026
      • Non-discretionary RAUM · $2.1B to $1.7B
        Mar 28, 2025 to Mar 27, 2026
      • Pooled vehicle RAUM · $2.1B to $1.7B
        Mar 28, 2025 to Mar 27, 2026
      • RAUM · $2.1B to $1.7B
        Mar 28, 2025 to Mar 27, 2026
      • Accounts · 3 to 1
        Apr 3, 2024 to Mar 28, 2025
      • Pooled vehicle clients · 3 to 1
        Apr 3, 2024 to Mar 28, 2025
      • Assets in custody · $2.6B to $2.1B
        Apr 3, 2024 to Mar 28, 2025
      • Employees · 80 to 79
        Apr 3, 2024 to Mar 28, 2025
      • Financial planning clients · unset to
        Apr 3, 2024 to Mar 28, 2025
      • Non-discretionary RAUM · $2.6B to $2.1B
        Apr 3, 2024 to Mar 28, 2025
      • Pooled vehicle RAUM · $2.6B to $2.1B
        Apr 3, 2024 to Mar 28, 2025
      • RAUM · $2.6B to $2.1B
        Apr 3, 2024 to Mar 28, 2025
      • BD registered reps · 2 to 3
        Mar 30, 2023 to Mar 29, 2024
      • Assets in custody · $3.2B to $2.6B
        Mar 30, 2023 to Mar 29, 2024
      • Employees · 81 to 80
        Mar 30, 2023 to Mar 29, 2024
      • Non-discretionary RAUM · $3.2B to $2.6B
        Mar 30, 2023 to Mar 29, 2024
      • Pooled vehicle RAUM · $3.2B to $2.6B
        Mar 30, 2023 to Mar 29, 2024
      • RAUM · $3.2B to $2.6B
        Mar 30, 2023 to Mar 29, 2024
      • BD registered reps · 0 to 2
        Mar 31, 2022 to Mar 30, 2023
      • Assets in custody · $3.6B to $3.2B
        Mar 31, 2022 to Mar 30, 2023
      • Employees · 113 to 81
        Mar 31, 2022 to Mar 30, 2023
      • Non-discretionary RAUM · $3.6B to $3.2B
        Mar 31, 2022 to Mar 30, 2023
      • Pooled vehicle RAUM · $3.6B to $3.2B
        Mar 31, 2022 to Mar 30, 2023
      • RAUM · $3.6B to $3.2B
        Mar 31, 2022 to Mar 30, 2023
      • Assets in custody · $4.3B to $3.6B
        Sep 10, 2021 to Mar 31, 2022
      • Employees · 99 to 113
        Sep 10, 2021 to Mar 31, 2022
      • Non-discretionary RAUM · $4.3B to $3.6B
        Sep 10, 2021 to Mar 31, 2022
      • Pooled vehicle RAUM · $4.3B to $3.6B
        Sep 10, 2021 to Mar 31, 2022
      • RAUM · $4.3B to $3.6B
        Sep 10, 2021 to Mar 31, 2022
      • Assets in custody · $5.0B to $4.3B
        Nov 16, 2020 to Mar 31, 2021
      • Employees · 97 to 99
        Nov 16, 2020 to Mar 31, 2021
      • Non-discretionary RAUM · $5.0B to $4.3B
        Nov 16, 2020 to Mar 31, 2021
      • Pooled vehicle RAUM · $5.0B to $4.3B
        Nov 16, 2020 to Mar 31, 2021
      • RAUM · $5.0B to $4.3B
        Nov 16, 2020 to Mar 31, 2021
      • Accounts · unset to 3.0
        Jun 19, 2019 to Mar 30, 2020
      • Advisory employees · 1 to 3
        Jun 19, 2019 to Mar 30, 2020
      • Pooled vehicle clients · 6 to 3
        Jun 19, 2019 to Mar 30, 2020
      • Assets in custody · $470M to $5.0B
        Jun 19, 2019 to Mar 30, 2020
      • Employees · 74 to 97
        Jun 19, 2019 to Mar 30, 2020
      Signals
      5 dated events
      • ••• Locked
        Mar 31, 2022 · Control person joined · fact
      • ••• Locked
        Sep 8, 2021 · Control person left · inference
      • ••• Locked
        Sep 8, 2021 · Control person left · inference
      • ••• Locked
        Jun 19, 2019 · Control person left · inference
      • ••• Locked
        Jan 14, 2013 · First SEC registration · fact
      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
      Website
      ••• Lockedreportedpublic record, Form ADV, Mar 27, 2026
      Principal office phone
      ••• Lockedreportedpublic record, Form ADV, Mar 27, 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
      Asset manager (funds and pooled vehicles)deriveda 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