Kirtland Financial Management, Inc. (Coral Gables)

Name: Kirtland Financial Management, Inc.
Address: 100 Almeria Ave, Coral Gables, FL, 33134
Telephone: 305-648-0006

Kirtland Financial Management, Inc. is a large advisory firm based in Coral Gables. It manages $255.5 million of regulatory assets for 584 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of Florida, Georgia, Louisiana, and 3 other states.

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

Kirtland Financial Management: assets under management

The assets under management (AUM) of Kirtland Financial Management, Inc. is $255.5 million. The firm's AUM has grown by 516% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $231.94 million in discretionary accounts and $23.55 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $571.29 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $132.32 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 62% of the total AUM. The second-largest asset type is exchange traded securities, which make up 19% of the firm’s portfolio. Investments in sovereign bonds form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Kirtland Financial Management, Inc. for their services and products based on a percentage of assets under management and hourly charges. 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 Mary Duncan Kirtland serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Mary Duncan Kirtland is high net worth individuals with 75 clients and $219.34 million of assets under management. Among the 8 most similar advisory firms, Kirtland Financial Management has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $224.52 million for 181 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.

Kirtland Financial Management doesn't advise any private funds.

Careers at Kirtland Financial Management, Inc.

The company employs 5 people that are either part- or full-time employees. 40 percent of the employees work as investment advisers or researchers. 2 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.

Mary Duncan Kirtland has been acting as President since 1 May 1999. Brett Charles Hixon joined the executive team most recently as the President And Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Mary Duncan Kirtland	President	1 May 1999	75% - 100%	2481397
Brett Charles Hixon	President and chief compliance officer	1 Dec 2008	75% - 100%	4746520

Based in Coral Gables

The principal office where Kirtland Financial Management, Inc. performs its advisory services is located at 100 Almeria Ave, Coral Gables, FL 33134, 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 305-648-0006 or by fax 305-648-1800. 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 kirtlandfinancial.com.