Kennon Wealth Management acts as a liaison between clients and third-party money managers, such as Gradient Investments and Steele Capital Management, who handle the actual investment portfolios. Kennon Wealth Management helps clients select a suitable manager based on their financial goals, risk tolerance, and needs, and then monitors the performance of these managers over time. Kennon Wealth Management does not directly manage client portfolios or have trading authority. In addition to investment advisory coordination, the firm's principal, James Kennon, operates as a licensed insurance agent and offers insurance products and tax preparation services. The firm works primarily with individual investors.
Fee Structure
Portfolio-Based Fees (Flat)
| Portfolio Value | Annual Fee |
|---|---|
| Any | 2.15% |
Fees vary by specific third-party manager strategy, ranging from 1.00% to 2.15% annually for Gradient Investments portfolios, and up to 1.50% for Steele Capital Management individual accounts. Client Directed Accounts charge a flat $300 annual fee. A $15 quarterly technology fee also applies per account.