Kiely Wealth Advisory Group, Inc. (Summerfield)

Name: Kiely Wealth Advisory Group, Inc.
Address: 5692 Snow Hill Drive, Summerfield, NC, 27358
Telephone: 252-439-1888

Kiely Wealth Advisory Group, Inc. is a large advisory firm based in Summerfield. It manages $474 million of regulatory assets for 735 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of Florida, New York, North Carolina, and 3 other states.

Kiely Wealth Advisory Group provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, publication of newsletters, and investment educational seminars, videos and dinners. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Kiely Wealth Advisory Group: assets under management

The assets under management (AUM) of Kiely Wealth Advisory Group, Inc. is $474 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 103% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $474 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $644.9 thousand each.

Investments

The firm invests in other assets the most. They account for 91% of the total AUM. The second-largest asset type is exchange traded securities, which make up 5% of the firm’s portfolio. Investments in cash and cash equivalents form 2% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Kiely Wealth Advisory Group, Inc. for their services and products based on a percentage of assets under management. 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 Joseph Kinch Kiely serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Joseph Kinch Kiely is individuals with 650 clients and $345 million of assets under management. Among the 5 most similar advisory firms, Kiely Wealth Advisory Group has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $474 million for 735 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.

Kiely Wealth Advisory Group doesn't advise any private funds.

Careers at Kiely Wealth Advisory Group, Inc.

The company employs 6 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 4 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.

Joseph Kinch Kiely has been acting as President since 1 Jan 1997. Kathryn Kei Burr joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Joseph Kinch Kiely	President/director	1 Jan 1997	75% - 100%	2408897
Kathryn Kei Burr	Chief compliance officer	1 Nov 2003	Other	4792628
Kathryn Kei Miceli	Chief compliance officer	1 Nov 2003	Other	4792628

Based in Summerfield

The principal office where Kiely Wealth Advisory Group, Inc. performs its advisory services is located at 5692 Snow Hill Drive, Summerfield, NC 27358, which is also the mailing address of the firm. An additional office of the firm is in Sunset Beach, NC. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 252-439-1888 or by fax 252-439-1348. The normal business hours are 9:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at thekielygroup.com/.