Mcdaniel Knutson, Inc. (Lawrence)

Name: Mcdaniel Knutson, Inc.
Address: 3705 Clinton Parkway, Lawrence, KS, 66047 3051
Telephone: 785-841-4664

Mcdaniel Knutson, Inc. is a large advisory firm based in Lawrence. It manages $258.16 million of regulatory assets for 1,573 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of Arizona, California, Colorado, and 10 other states.

Mcdaniel Knutson provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and pension consulting services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Mcdaniel Knutson: assets under management

The assets under management (AUM) of Mcdaniel Knutson, Inc. is $258.16 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 150% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $258.16 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $164.12 thousand each.

Mcdaniel Knutson has custody of $170.34 million in cash and securities for 410 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 94% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 5% of the firm’s portfolio. Investments in pooled investment vehicles form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Mcdaniel Knutson, Inc. for their services and products based on a percentage of assets under management, hourly charges, 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 Peter Douglas Knutson serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Peter Douglas Knutson is high net worth individuals with 110 clients and $146.67 million of assets under management. Among the 10 most similar advisory firms, Mcdaniel Knutson has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $258.08 million for 627 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.

Mcdaniel Knutson doesn't advise any private funds.

Careers at Mcdaniel Knutson, Inc.

The company employs 6 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 6 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 receive compensation from other entities for client referrals.

Peter Douglas Knutson has been acting as President since 1 Dec 2008. Judith Lynn Mcdaniel joined the executive team most recently as the Member.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Wayne Logan Mcdaniel	Vice president	1 Dec 1986	Other	706143
Judith Lynn Mcdaniel	Secretary, treasurer	1 Jan 1987	25% - 50%	706142
Peter Douglas Knutson	President	1 Dec 2008	25% - 50%	2407105
Karey Anne Chester	Chief compliance officer	1 Sep 2009	Other	3113952
Victoria Marie Bogner	Chief investment analyst	1 Jan 2012	Other	5048328
Judith Lynn Mcdaniel	Member	1 Apr 2019	25% - 50%	706142
Karey Anne Chester	Member, chief compliance officer	1 Apr 2019	Other	3113952
Peter Douglas Knutson	Member	1 Apr 2019	25% - 50%	2407105
Victoria Marie Bogner	Member, chief investment analyst	1 Apr 2019	25% - 50%	5048328

Based in Lawrence

The principal office where Mcdaniel Knutson, Inc. performs its advisory services is located at 3705 Clinton Parkway, Lawrence, KS 66047 3051, 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 785-841-4664 or by fax 785-841-7719. The normal business hours are 8:00am to 5:00pm on Monday - Friday. You can find more information about the New York firm at mcdanielfinancial.com.