Kms Financial Services, Inc. (Seattle)


Kms Financial Services, Inc. is a large advisory firm based in Seattle. It manages $6.4 billion of regulatory assets for 29,380 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 47 other states.

Kms Financial Services provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, publication of newsletters, market timing services, and educational seminars and workshops. It prepares financial plans for approximately 1,000 clients. On top of advisory services, the firm doesn't engage in other business activities.

Kms Financial Services: assets under management

The assets under management (AUM) of Kms Financial Services, Inc. is $6.4 billion. The firm's AUM has grown by 1169% since the beginning of its operation, and $21.06 million of the total AUM is attributable to clients outside of the United States.

The firm manages $5.09 billion in discretionary accounts and $1.31 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $215.39 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $227.88 thousand.
Kms Financial Services has custody of $251.44 million in cash and securities for 5,750 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 65% of the total AUM. The second-largest asset type is exchange traded securities, which make up 19% of the firm’s portfolio. Investments in cash and cash equivalents form 12% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Kms Financial Services, Inc. for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and commissions. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Mark Hamby serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Mark Hamby is high net worth individuals with 5,248 clients and $3.71 billion of assets under management. Among the 7 most similar advisory firms, Kms Financial Services has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $6.4 billion for 18,086 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Kms Financial Services doesn't advise any private funds.

Careers at Kms Financial Services, Inc.

The company employs 419 people that are either part- or full-time employees. 90 percent of the employees work as investment advisers or researchers. 377 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 doesn’t compensate employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.

Mark Hamby has been acting as President since 1 Jan 1984. Melissa Ann Lamarche joined the executive team most recently as the Vice President Of Advisor Experience.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Kenneth Max Snider Chairman 1 Nov 1969 Other 429594
Kenneth Warren Paulsen Vice president/cfo 1 Aug 1976 Other 829735
Sandra Lynn Harley Vice president 1 Apr 1980 Other 1300397
Mark Hamby Chairman/ceo/director 1 Jan 1984 Other 1187607
Eric Stanley Westberg President/chief operating officer/director 1 Feb 1987 Other 1686237
Aileen Gail Krohn Managing director / operations 1 Aug 1994 Other 1560917
David John Lawrence Assistant vice president 1 Aug 1997 Other 2947739
Tracy Douglas Forsythe Co-chief compliance officer / director 1 Jul 1999 Other 3065259
David John Lawrence Vice president/ technical services 1 May 2001 Other 2947739
Cailen Bruce Campbell Vice president-information services 1 May 2002 Other 4321043
Mark Christopher Zellerhoff Vice president/ brokerage operations 1 Jul 2005 Other 2853977
Julie Dianne Scott Shareholder 1 Oct 2006 Other 4166927
Casey William Dougherty Shareholder 1 Oct 2006 Other 4031339
Julie Dianne Scott Vice president/ licensing & administration 1 Jan 2008 Other 4166927
Casey William Dougherty Vice president/ insurance & compliance 1 Jan 2008 Other 4031339
Bruce J King Chief technology officer 1 Jan 2010 Other 2674876
Deanna Lynn Arnold Frady Vice president/business relations 1 Sep 2010 Other 1949106
Deanna Lynn Arnold Vice president/advisory services 1 Sep 2010 Other 1949106
Anthony Glen Curran Vice president/advisory operations 1 Dec 2011 Other 2760754
Jeffrey Scott Sims Vice president of finance 1 Mar 2013 Other 3247374
Sonja Marie Yates Seymour Vice president / information systems 1 Apr 2014 Other 3125415
Ladenburg Thalmann Financial Services Inc Owner 1 Oct 2014 75% - 100% 65-0701248
Brett H Kaufman Director 1 Oct 2014 Other 5514420
Adam Scott Malamed Director 1 Oct 2014 Other 2560518
Joseph Jr Giovanniello Director 1 Oct 2014 Other 3086071
Philip Salvatore Blancato Director 1 Oct 2014 Other 2122221
Casey William Dougherty Co-chief compliance officer 1 Mar 2015 Other 4031339
Jeffrey Scott Sims Cfo 1 Mar 2015 Other 3247374
Catherine Brenda Lau Bingham Vice president of project management office 1 Aug 2016 Other 6297294
Melissa Ann Lamarche Assistant vice president of project management / business analyst 1 Aug 2016 Other 5983126
Scott Stephen Montgomery Vice president of business development 1 Aug 2016 Other 2013358
Eric Stanley Westberg Chairman & ceo 1 Jan 2017 Other 1686237
Aileen Gail Krohn Executive vice president - operations 1 Jan 2017 Other 1560917
Casey William Dougherty Chief compliance officer 1 Jan 2017 Other 4031339
Tracy Douglas Forsythe President & chief legal officer 1 Jan 2017 Other 3065259
Douglass Colley Mccrae Vice president of surveillance 1 Jul 2017 Other 6239815
Linda Lee Harrington Vice president of advisory compliance 1 Aug 2017 Other 4173014
Tracy Douglas Forsythe Vice chairman & chief legal officer 1 Mar 2018 Other 3065259
Erinn June Ford President 1 Mar 2018 Other 2176816
Luca Omar Procel Vice president of supervision 1 Aug 2018 Other 3195116
Howard Joseph Englehart Vice president of business development 1 Dec 2018 Other 2581496
Eric Stanley Westberg Chairman emeritus 1 Apr 2019 Other 1686237
Erinn June Ford President & ceo 1 Apr 2019 Other 2176816
Melissa Ann Lamarche Vice president of advisor experience 1 Aug 2019 Other 5983126
Doreen Louise Griffith Chief technology officer 1 Aug 2019 Other 4110247

Based in Seattle

The principal office where Kms Financial Services, Inc. performs its advisory services is located at 2001 Sixth Ave Ste 2801, Seattle, WA 98121, which is also the mailing address of the firm. An additional office of the firm is in Provo, UT. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number [206]441-2885 or by fax [206]448-4764. The normal business hours are 7:00 am - 4:00 pm on Monday - Friday. You can find more information about the New York firm at weinand.us and its LinkedIn profile.