Kinetik Finance, Inc. (Chicago)

Name: Kinetik Finance, Inc.
Address: 142 East Ontario Street, Chicago, IL, 60611
Telephone: 503-332-4331

Kinetik Finance, Inc. is an internet adviser based in Chicago. It manages $8.24 million of regulatory assets for 34 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdiction of Illinois.

Kinetik Finance provides portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Kinetik Finance: assets under management

The assets under management (AUM) of Kinetik Finance, Inc. is $8.24 million, all of which is managed in discretionary accounts. The company doesn't manage any assets belonging to foreign clients.

The firm manages $8.24 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $242.27 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Kinetik Finance, Inc. for their services and products based on fixed 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 Kinetik Finance serves?

The only and largest group of clients of Kinetik Finance is individuals with 33 clients and $6.44 million of assets under management. Among the 3 most similar advisory firms, Kinetik Finance has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $6.44 million for 33 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.

Kinetik Finance doesn't advise any private funds.

Careers at Kinetik Finance, Inc.

The company employs 2 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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.

Andreas Bodmeier has served as the Chief Investment Officer since 1 May 2016 and Rammoorthi Balassubramanian is the Chief Executive Officer of Kinetik Finance, Inc. family office. Kolin Kumar joined the executive team most recently as the Shareholder.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Kolin Kumar	Shareholder	1 May 2016	Other	6914014
Rammoorthi Balassubramanian	Chief executive officer	1 May 2016	50% - 75%	6914015
Andreas Bodmeier	Chief investment officer/chief compliance officer	1 May 2016	Other	6914019

Based in Chicago

The principal office where Kinetik Finance, Inc. performs its advisory services is located at 142 East Ontario Street, Chicago, IL 60611, 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 503-332-4331. The normal business hours are 9 a.m. - 5 p.m. on Monday - Friday. You can find more information about the New York firm at kinetikwealth.com.