Kailai Advisers Ltd. (Sherman Oaks)


Kailai Advisers Ltd. is a large advisory firm based in Sherman Oaks. It manages $256.71 million of regulatory assets for 13 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of California.

Kailai Advisers provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Kailai Advisers: assets under management

The assets under management (AUM) of Kailai Advisers Ltd. is $256.71 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -70% since the beginning of its operation, and $140.73 million of the total AUM is attributable to clients outside of the United States.

The firm manages $256.71 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $19.75 million each.
Kailai Advisers has custody of $197.53 million in cash and securities for 13 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Kailai Advisers Ltd. for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Kailai Advisers serves?

The only and largest group of clients of Kailai Advisers is pooled investment vehicles with 13 clients and $256.71 million of assets under management. Among the 12 most similar advisory firms, Kailai Advisers has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $256.71 million for 13 clients. 31% of the firm’s clients are foreign persons or businesses.

Kailai Advisers also advises several private funds. Namely, thirteen private equity funds. The minimum investment commitment required of non-related persons ranges from $2,500,000 to $10,000,000.

Careers at Kailai Advisers Ltd.

The company employs 19 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. No 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
Stephen Paul Rader Managing member of rader reinfrank & co., llc 1 Sep 1997 25% - 50% 6029443
Ralph Rudolph Reinfrank Managing member of rader reinfrank & co., llc 1 Sep 1997 25% - 50% 858086
Joshua Lee Gutfreund Managing member of rader reinfrank & co., llc 1 Sep 1997 Other 6029444
William Jack Kessler Cfo of rader reinfrank & co., llc 1 Aug 1998 Other 6029416
Llc Clarity Management General partner of clarity management, lp 1 Jul 2001 Other 95-4783622
David Li Lee Limited partner of clarity management, lp 1 Jul 2001 Other 2153453
Barry Alan Porter Limited partner of clarity management, lp 1 Jul 2001 Other 1832863
Stephen Paul Rader Limited partner of clarity management, lp 1 Jul 2001 Other 6029443
William Jack Kessler Limited partner/cfo of clarity management, lp 1 Jul 2001 Other 6029416
Llc Clarity China Holdings Shareholder of linvest energy holdings ltd. 1 Aug 2006 50% - 75% 20-2718277
Xiao Hua Liu Director of linvest energy holdings ltd. 1 Aug 2006 25% - 50% 6029412
David Li Lee Director of linvest energy holdings ltd. 1 Aug 2006 Other 2153453
Gary Lee Wilson Director of linvest energy holdings ltd. 1 Aug 2006 Other 5851003
Barry Alan Porter Director of linvest energy holdings ltd. 1 Aug 2006 Other 1832863
William Jack Kessler Cfo of linvest energy holdings ltd. 1 Aug 2006 Other 6029416
Llc Clarity China Holdings Shareholder of kailai advisers ltd. 1 Feb 2007 50% - 75% 20-2718277
Xiao Hua Liu Director of kailai advisers ltd. 1 Feb 2007 25% - 50% 6029412
David Li Lee Director of kailai advisers ltd. 1 Feb 2007 Other 2153453
Gary Lee Wilson Director of kailai advisers ltd. 1 Feb 2007 Other 5851003
Barry Alan Porter Director of kailai advisers ltd. 1 Feb 2007 Other 1832863
William Jack Kessler Cfo/cco of kailai advisers ltd. 1 Feb 2007 Other 6029416
Lp Clarity China Genpar Shareholder of kailai management ltd. 1 Mar 2007 75% - 100% 26-0197752
Xiao Hua Liu Director of kailai management ltd. 1 Mar 2007 Other 6029412
David Li Lee Director of kailai management ltd. 1 Mar 2007 Other 2153453
Gary Lee Wilson Director of kailai management ltd. 1 Mar 2007 Other 5851003
Barry Alan Porter Director of kailai management ltd. 1 Mar 2007 Other 1832863
William Jack Kessler Cfo of kailai management ltd. 1 Mar 2007 Other 6029416
Clinton William Walker Limited partner of clarity management, lp 1 Jan 2008 Other 6029458
Joshua Lee Gutfreund Limited partner of clarity management, lp 1 Jan 2008 Other 6029444
David Li Lee Managing member of clarity partners i, llc 1 Sep 2011 Other 2153453
Barry Alan Porter Managing member of clarity partners i, llc 1 Sep 2011 Other 1832863
Stephen Paul Rader Managing member of clarity partners i, llc 1 Sep 2011 Other 6029443
Clinton William Walker Managing member of clarity partners i, llc 1 Sep 2011 Other 6029458
Joshua Lee Gutfreund Managing member of clarity partners i, llc 1 Sep 2011 Other 6029444
William Jack Kessler Managing member/cfo of clarity partners i, llc 1 Sep 2011 Other 6029416

Indirect Owners

The SEC currently registers 24 indirect owners.

Name Entity Date acquired Ownership Employer ID
Stephen Paul Rader Trustee 1 Sep 1994 Other 6029443
Anne Wilson Rader Trustee 1 Sep 1994 50% - 75% 6932315
Ralph Rudolph Reinfrank Trustee 1 Jun 1995 75% - 100% 858086
Clinton William Walker Trustee 1 Jan 1999 Other 6029458
Barry Alan Porter Trustee 1 Sep 1999 50% - 75% 1832863
Lea Lisbon Porter Trustee 1 Sep 1999 50% - 75% 6029491
David Li Lee Trustee 1 Jan 2000 50% - 75% 2153453
Ellen Wang Lee Trustee 1 Jan 2000 50% - 75% 6029490
Joshua Lee Gutfreund Trustee 1 Jun 2002 Other 6029444
Alegre Trust Dated 1/21/00 Managing member 1 Jan 2006 Other xxx-xx-xxxx
Dtd 09/10/99 The Nautilus Trust Managing member 1 Jan 2006 Other xxx-xx-xxxx
Rader Living Trust Dtd 9/1/94 Managing member 1 Jan 2006 Other xxx-xx-xxxx
Walker Living Trust Managing member 1 Jan 2006 Other xxx-xx-xxxx
Gutfreund Trust Dtd 6/17/02 Managing member 1 Jan 2006 Other xxx-xx-xxxx
Reinfrank Living Trust Dtd 6/13/95 Member 1 Jan 2006 Other xxx-xx-xxxx
David Li Lee Managing member 1 Sep 2006 Other 2153453
Barry Alan Porter Managing member 1 Sep 2006 Other 1832863
Stephen Paul Rader Managing member 1 Sep 2006 Other 6029443
Clinton William Walker Managing member 1 Sep 2006 Other 6029458
Joshua Lee Gutfreund Managing member 1 Sep 2006 Other 6029444
William Jack Kessler Managing member 1 Sep 2006 Other 6029416
Kailai Advisers Ltd. General partner 1 Feb 2007 Other 26-0197626
Alegre Trust Dated 1/21/00 Limited partner 1 Feb 2007 25% - 50% xxx-xx-xxxx
Dtd 09/10/99 The Nautilus Trust Limited partner 1 Feb 2007 25% - 50% xxx-xx-xxxx

Based in Sherman Oaks

The principal office where Kailai Advisers Ltd. performs its advisory services is located at 15260 Ventura Blvd Ste 1550, Sherman Oaks, CA 91403 5335, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 310-432-0100 or by fax 310-432-5000. The normal business hours are 7:00 a.m-3:00 p.m. on Monday - Friday. You can find more information about the New York firm at claritypartners.net.