Koss Olinger Consulting, LLC. (Gainesville)

Name: Koss Olinger Consulting, LLC.
Address: 2700 A Nw 43 Rd Street, Gainesville, FL, 32606
Telephone: 352-373-3337

Koss Olinger Consulting, LLC. is a large advisory firm based in Gainesville. It manages $747.77 million of regulatory assets for 3,449 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of Arizona, Arkansas, Florida, and 10 other states.

Koss Olinger Consulting provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for more than 499 clients. On top of advisory services, the firm doesn't engage in other business activities.

Koss Olinger Consulting: assets under management

The assets under management (AUM) of Koss Olinger Consulting, LLC. is $747.77 million. The firm's AUM has grown by 266% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $581.27 million in discretionary accounts and $166.5 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $361.71 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $90.39 thousand.

Koss Olinger Consulting has custody of $747.77 million in cash and securities for 830 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 85% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 4% of the firm’s portfolio. Investments in cash and cash equivalents form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Koss Olinger Consulting, LLC. for their services and products based on a percentage of assets under management and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Koss Olinger Consulting serves?

The firm provides services to individuals, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Koss Olinger Consulting is high net worth individuals with 189 clients and $553.35 million of assets under management. Among the 9 most similar advisory firms, Koss Olinger Consulting has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $745.53 million for 609 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Koss Olinger Consulting doesn't advise any private funds.

Careers at Koss Olinger Consulting, LLC.

The company employs 26 people that are either part- or full-time employees. 27 percent of the employees work as investment advisers or researchers. 7 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
Robert Edwin Eberhard	Chief compliance officer	1 Jan 2007	Other	5294508
William David Olinger	Member	1 Sep 2009	25% - 50%	352019
Kirk Edward Klein	Managing member	1 Sep 2009	25% - 50%	2260326
William James Rossi	Member	1 Sep 2009	Other	2909610
Brian Earl Watson	Member	1 Sep 2009	Other	3181953
William Frederick Koss	Member	1 Sep 2009	Other	713150

Based in Gainesville

The principal office where Koss Olinger Consulting, LLC. performs its advisory services is located at 2700 A Nw 43 Rd Street, Gainesville, FL 32606, 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 352-373-3337 or by fax 352-373-1864. The normal business hours are 8:30 am - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at kossolinger.com.