Krentz, Richard David (Estero)

Krentz, Richard David is a mid-sized advisory firm based in Estero. It manages $59.23 million of regulatory assets for 72 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of Florida and New York.

Krentz, Richard David provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Krentz, Richard David: assets under management

The assets under management (AUM) of Krentz, Richard David is $59.23 million. The firm's AUM has grown by 66% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $57.46 million in discretionary accounts and $1.77 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $857.66 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $354.2 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 66% of the total AUM. The second-largest asset type is state and local bonds, which make up 19% of the firm’s portfolio. Investments in exchange traded securities form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Krentz, Richard David 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 Krentz, Richard David serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Krentz, Richard David is high net worth individuals with 19 clients and $57.39 million of assets under management. Among the 3 most similar advisory firms, Krentz, Richard David has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $59.23 million for 23 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.

Krentz, Richard David doesn't advise any private funds.

Careers at Krentz, Richard David

The company employs 1 person that is either a part- or full-time employee. 100 percent of the employees work as investment advisers or researchers. No 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
Richard David Krentz	Owner/chief compliance officer	1 Oct 1995	75% - 100%	2107226

Based in Estero

The principal office where Krentz, Richard David performs its advisory services is located at 4761 W Bay Blvd, Estero, FL 33928 3318, 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 8458934764 or by fax 845-512-1562. The normal business hours are 9:00a.m. to 5:00p.m. on Monday - Friday.