Kms Financial Services, Inc. (Seattle)

Name: Kms Financial Services, Inc.
Address: 2001 Sixth Ave Ste 2801, Seattle, WA, 98121
Telephone: [206]441-2885

Kms Financial Services, Inc. is a large advisory firm based in Seattle. It manages $6.4 billion of regulatory assets for 29,380 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 47 other states.

Kms Financial Services provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, publication of newsletters, market timing services, and educational seminars and workshops. It prepares financial plans for approximately 1,000 clients. On top of advisory services, the firm doesn't engage in other business activities.

Kms Financial Services: assets under management

The assets under management (AUM) of Kms Financial Services, Inc. is $6.4 billion. The firm's AUM has grown by 1169% since the beginning of its operation, and $21.06 million of the total AUM is attributable to clients outside of the United States.

The firm manages $5.09 billion in discretionary accounts and $1.31 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $215.39 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $227.88 thousand.

Kms Financial Services has custody of $251.44 million in cash and securities for 5,750 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 65% of the total AUM. The second-largest asset type is exchange traded securities, which make up 19% of the firm’s portfolio. Investments in cash and cash equivalents form 12% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Kms Financial Services, Inc. for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and commissions. Commissions are paid and earned by the adviser when a trade or a sales of an investment is made. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Mark Hamby serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Mark Hamby is high net worth individuals with 5,248 clients and $3.71 billion of assets under management. Among the 7 most similar advisory firms, Kms Financial Services has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $6.4 billion for 18,086 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Kms Financial Services doesn't advise any private funds.

Careers at Kms Financial Services, Inc.

The company employs 419 people that are either part- or full-time employees. 90 percent of the employees work as investment advisers or researchers. 377 employees are registered as investment adviser representatives with the state securities authorities.

There are 2 people 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 receive compensation from other entities for client referrals.

Mark Hamby has been acting as President since 1 Jan 1984. Melissa Ann Lamarche joined the executive team most recently as the Vice President Of Advisor Experience.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Kenneth Max Snider	Chairman	1 Nov 1969	Other	429594
Kenneth Warren Paulsen	Vice president/cfo	1 Aug 1976	Other	829735
Sandra Lynn Harley	Vice president	1 Apr 1980	Other	1300397
Mark Hamby	Chairman/ceo/director	1 Jan 1984	Other	1187607
Eric Stanley Westberg	President/chief operating officer/director	1 Feb 1987	Other	1686237
Aileen Gail Krohn	Managing director / operations	1 Aug 1994	Other	1560917
David John Lawrence	Assistant vice president	1 Aug 1997	Other	2947739
Tracy Douglas Forsythe	Co-chief compliance officer / director	1 Jul 1999	Other	3065259
David John Lawrence	Vice president/ technical services	1 May 2001	Other	2947739
Cailen Bruce Campbell	Vice president-information services	1 May 2002	Other	4321043
Mark Christopher Zellerhoff	Vice president/ brokerage operations	1 Jul 2005	Other	2853977
Julie Dianne Scott	Shareholder	1 Oct 2006	Other	4166927
Casey William Dougherty	Shareholder	1 Oct 2006	Other	4031339
Julie Dianne Scott	Vice president/ licensing & administration	1 Jan 2008	Other	4166927
Casey William Dougherty	Vice president/ insurance & compliance	1 Jan 2008	Other	4031339
Bruce J King	Chief technology officer	1 Jan 2010	Other	2674876
Deanna Lynn Arnold Frady	Vice president/business relations	1 Sep 2010	Other	1949106
Deanna Lynn Arnold	Vice president/advisory services	1 Sep 2010	Other	1949106
Anthony Glen Curran	Vice president/advisory operations	1 Dec 2011	Other	2760754
Jeffrey Scott Sims	Vice president of finance	1 Mar 2013	Other	3247374
Sonja Marie Yates Seymour	Vice president / information systems	1 Apr 2014	Other	3125415
Ladenburg Thalmann Financial Services Inc	Owner	1 Oct 2014	75% - 100%	65-0701248
Brett H Kaufman	Director	1 Oct 2014	Other	5514420
Adam Scott Malamed	Director	1 Oct 2014	Other	2560518
Joseph Jr Giovanniello	Director	1 Oct 2014	Other	3086071
Philip Salvatore Blancato	Director	1 Oct 2014	Other	2122221
Casey William Dougherty	Co-chief compliance officer	1 Mar 2015	Other	4031339
Jeffrey Scott Sims	Cfo	1 Mar 2015	Other	3247374
Catherine Brenda Lau Bingham	Vice president of project management office	1 Aug 2016	Other	6297294
Melissa Ann Lamarche	Assistant vice president of project management / business analyst	1 Aug 2016	Other	5983126
Scott Stephen Montgomery	Vice president of business development	1 Aug 2016	Other	2013358
Eric Stanley Westberg	Chairman & ceo	1 Jan 2017	Other	1686237
Aileen Gail Krohn	Executive vice president - operations	1 Jan 2017	Other	1560917
Casey William Dougherty	Chief compliance officer	1 Jan 2017	Other	4031339
Tracy Douglas Forsythe	President & chief legal officer	1 Jan 2017	Other	3065259
Douglass Colley Mccrae	Vice president of surveillance	1 Jul 2017	Other	6239815
Linda Lee Harrington	Vice president of advisory compliance	1 Aug 2017	Other	4173014
Tracy Douglas Forsythe	Vice chairman & chief legal officer	1 Mar 2018	Other	3065259
Erinn June Ford	President	1 Mar 2018	Other	2176816
Luca Omar Procel	Vice president of supervision	1 Aug 2018	Other	3195116
Howard Joseph Englehart	Vice president of business development	1 Dec 2018	Other	2581496
Eric Stanley Westberg	Chairman emeritus	1 Apr 2019	Other	1686237
Erinn June Ford	President & ceo	1 Apr 2019	Other	2176816
Melissa Ann Lamarche	Vice president of advisor experience	1 Aug 2019	Other	5983126
Doreen Louise Griffith	Chief technology officer	1 Aug 2019	Other	4110247

Based in Seattle

The principal office where Kms Financial Services, Inc. performs its advisory services is located at 2001 Sixth Ave Ste 2801, Seattle, WA 98121, which is also the mailing address of the firm. An additional office of the firm is in Provo, UT. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number [206]441-2885 or by fax [206]448-4764. The normal business hours are 7:00 am - 4:00 pm on Monday - Friday. You can find more information about the New York firm at weinand.us and its LinkedIn profile.