Krilogy Financial LLC (St. Louis)

Name: Krilogy Financial LLC
Address: 600 Emerson Road, Ste. 110, St. Louis, MO, 63141
Telephone: 314-884-2800

Krilogy Financial LLC is a large advisory firm based in St. Louis. It manages $1.01 billion of regulatory assets for 4,732 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdictions of Alabama, Arizona, California, and 23 other states.

Krilogy Financial provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for approximately 1,000 clients. On top of advisory services, the firm doesn't engage in other business activities.

Krilogy Financial: assets under management

The assets under management (AUM) of Krilogy Financial LLC is $1.01 billion. The firm's AUM has grown by 897% since the beginning of its operation, and $525 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $778.56 million in discretionary accounts and $235.81 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $177.43 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $685.51 thousand.

Krilogy Financial has custody of $147.6 million in cash and securities for 463 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 50% of the total AUM. The second-largest asset type is investment and business development companies, which make up 37% of the firm’s portfolio. Investments in cash and cash equivalents form 7% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Krilogy Financial LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Krilogy Financial serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Krilogy Financial is high net worth individuals with 243 clients and $686.6 million of assets under management. Among the 5 most similar advisory firms, Krilogy Financial has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.01 billion for 1,553 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.

Krilogy Financial doesn't advise any private funds.

Careers at Krilogy Financial LLC

The company employs 45 people that are either part- or full-time employees. 78 percent of the employees work as investment advisers or researchers. 33 employees are registered as investment adviser representatives with the state securities authorities.

There are 5 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 don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Kent Scott Skornia	Managing member / president	1 Dec 2008	75% - 100%	4497076
Marci L Ulaszek	Investment specialist	1 Jul 2009	Other	4914264
Jeffrey Albert Hercules	Senior partner	1 Feb 2011	Other	2611717
John Michael Mcarthur	Senior partner	1 Feb 2012	Other	4389397
Andrew Michael Shenberg	Chief compliance officer	1 Nov 2012	Other	4656537
Thomas Joseph Lewis	Chief compliance officer	1 Apr 2016	Other	5951077

Based in St. Louis

The principal office where Krilogy Financial LLC performs its advisory services is located at 600 Emerson Road, Ste. 110, St. Louis, MO 63141, which is also the mailing address of the firm. An additional office of the firm is in St. Peters, MO. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 314-884-2800 or by fax 314-884-2819. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at krilogy.com.