Kornitzer Capital Management, Inc. (Shawnee Mission)

Name: Kornitzer Capital Management, Inc.
Address: 5420 West 61 St Place, Shawnee Mission, KS, 66205 3084
Telephone: 913-677-7778

Kornitzer Capital Management, Inc. is a large advisory firm based in Shawnee Mission. It manages $6.78 billion of regulatory assets for 4,902 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Arizona, Arkansas, and 38 other states.

Kornitzer Capital Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Kornitzer Capital Management: assets under management

The assets under management (AUM) of Kornitzer Capital Management, Inc. is $6.78 billion. The firm's AUM has grown by 465% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $6.7 billion in discretionary accounts and $84.59 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.44 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $330.42 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 80% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 9% of the firm’s portfolio. Investments in non-investment grade corporate bonds form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Kornitzer Capital Management, Inc. 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 Kornitzer Capital Management serves?

The firm provides services to individuals, investment companies, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Kornitzer Capital Management is investment companies with 10 clients and $3.93 billion of assets under management. Among the 11 most similar advisory firms, Kornitzer Capital Management has the 2nd highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $6.78 billion for 1,954 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.

Kornitzer Capital Management doesn't advise any private funds.

Careers at Kornitzer Capital Management, Inc.

The company employs 35 people that are either part- or full-time employees. 57 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 compensates 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
John Charles Kornitzer	President, stockholder	1 May 1989	75% - 100%	274070
Susan Elaine Mcelwain	Senior vice president	1 Jul 1989	Other	4386859
Kent William Gasaway	Portfolio manager, stockholder	1 Dec 1991	Other	2282800
Willard Rowen Lynch	Stockholder	1 Dec 1991	Other	2526942
Thomas Whitsed Laming	Senior vice president	1 Jan 1993	Other	2076513
Barry Eugene Koster	Chief financial officer	1 May 2002	Other	4903981
Robert James Male	Portfolio manager, stockholder	1 Dec 2003	Other	1959133
Clay Eric Brethour	Chief compliance officer	1 Apr 2015	Other	2293332
William Fred Coats	Chief compliance officer	1 May 2015	Other	6500371

Based in Shawnee Mission

The principal office where Kornitzer Capital Management, Inc. performs its advisory services is located at 5420 West 61 St Place, Shawnee Mission, KS 66205 3084 The mailing address of the firm is P.O. Box 918, Shawnee Mission, KS 66201 0918. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 913-677-7778 or by fax 913-831-6263. The normal business hours are 8:00 am to 5 pm on Monday - Friday. You can find more information about the New York firm at kornitzercapitalmanagement.com.