Kanawha Capital Management, LLC (Richmond)

Kanawha Capital Management provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Kanawha Capital Management: assets under management

The assets under management (AUM) of Kanawha Capital Management, LLC is $883.9 million. The firm's AUM has grown by 47% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $838.39 million in discretionary accounts and $45.51 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $906.36 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $2.07 million.

Kanawha Capital Management has custody of $252.41 million in cash and securities for 143 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 79% of the total AUM. The second-largest asset type is state and local bonds, which make up 11% of the firm’s portfolio. Investments in investment grade corporate bonds form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Kanawha Capital Management, 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 Richard Selfe Williford serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Richard Selfe Williford is high net worth individuals with 234 clients and $723.65 million of assets under management. Among the 12 most similar advisory firms, Kanawha Capital Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $883.9 million for 396 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.

Kanawha Capital Management doesn't advise any private funds.

Careers at Kanawha Capital Management, LLC

The company employs 10 people that are either part- or full-time employees. 40 percent of the employees work as investment advisers or researchers. 4 employees are registered as investment adviser representatives with the state securities authorities.

There are 2 people 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.

Richard Selfe Williford has been acting as President since 1 Jul 2007. Christopher Jerome Singleton has served as the Chief Investment Officer since 1 Jul 2007. Llc Thl Equity Fund Vii Investors (Ht) joined the executive team most recently as the Owner.

Direct owners and executive officers

Indirect Owners

The SEC currently registers 41 indirect owners.

Based in Richmond

The principal office where Kanawha Capital Management, LLC performs its advisory services is located at 7201 Glen Forest Drive, Richmond, VA 23226 3759 The mailing address of the firm is P. O. Box 18490, Richmond, VA 23226 8490. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 804-359-3900 or by fax 804-359-2153. The normal business hours are 8:30 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at kancap.com.

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