Kfa Private Wealth Group, LLC (Vienna)

Name: Kfa Private Wealth Group, LLC
Address: 8000 Towers Crescent Drive, Vienna, VA, 22182
Telephone: (703) 462-9475

Kfa Private Wealth Group, LLC is a large advisory firm based in Vienna. It manages $355.66 million of regulatory assets for 2,495 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of California, Delaware, District of Columbia, and 11 other states.

Kfa Private Wealth Group 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 more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Kfa Private Wealth Group: assets under management

The assets under management (AUM) of Kfa Private Wealth Group, LLC is $355.66 million. The firm's AUM has grown by 88% since the beginning of its operation, and $550 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $212.12 million in discretionary accounts and $143.54 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $150.01 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $132.79 thousand.

Investments

The firm invests in pooled investment vehicles the most. They account for 46% of the total AUM. The second-largest asset type is exchange traded securities, which make up 42% of the firm’s portfolio. Investments in cash and cash equivalents form 9% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Kfa Private Wealth Group, LLC for their services and products based on a percentage of assets under management, hourly charges, and 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 Kfa Private Wealth Group serves?

The firm provides services to individuals, 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 Kfa Private Wealth Group is individuals with 686 clients and $184.65 million of assets under management. Among the 8 most similar advisory firms, Kfa Private Wealth Group has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $355.66 million for 811 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.

Kfa Private Wealth Group doesn't advise any private funds.

Careers at Kfa Private Wealth Group, LLC

The company employs 10 people that are either part- or full-time employees. 90 percent of the employees work as investment advisers or researchers. 9 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Gregg Scott Konopaske	Chief compliance officer and managing member	1 Oct 2015	50% - 75%	2424683
John Robert Fennig	Managing member	1 Oct 2015	50% - 75%	4534256

Based in Vienna

The principal office where Kfa Private Wealth Group, LLC performs its advisory services is located at 8000 Towers Crescent Drive, Vienna, VA 22182, 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 (703) 462-9475. The normal business hours are 9:00 am- 5:00 pm on Monday - Friday. You can find more information about the New York firm at kfapwg.com.