Kimelman & Baird (K&B) offers investment advisory services to individuals, families, trusts, charities, and institutions through separately managed accounts. K&B reviews clients' financial situations, goals, and risk tolerance to provide personalized investment advice. Clients retain ownership rights and custody of their assets is held by a qualified custodian. K&B also offers a financial guidance service through FinLife Partners at no additional cost to clients opening an advisory account.
Fee Structure
Kimelman & Baird offers two investment management fee programs:
Asset Based Fee Program (ABFP):
- Under $1,000,000: 1.50% per year
- $1,000,000 - $5,000,000: 1.25% per year
- Over $5,000,000: 1.00% per year
This program covers investment advisory services, custody, trade execution, and settlement. There are no transaction costs.
Asset and Transactional Based Fee Program (ATBFP):
- Under $1,000,000: 1.25% per year (Equities), 0.25% per year (Fixed Income and Cash)
- Over $1,000,000: 1.00% per year (Equities), 0.25% per year (Fixed Income and Cash) on the first $5,000,000
- $5,000,001-$10,000,000: 0.75% per year (Equities), 0.25% per year (Fixed Income and Cash)
- Over $10,000,000: 0.50% per year (Equities), 0.25% per year (Fixed Income and Cash)
In addition to the above fees, clients pay transactional charges on each trade of $0.07 to $0.15 per share.