Kennon-Green & Co. designs and manages custom investment portfolios for affluent and high net worth individuals and families. They also work with other entities like trusts and corporations. The firm builds portfolios from the ground up, selecting securities based on the client's investment strategy, market conditions, and individual needs. Kennon-Green & Co. is a fee-only advisor, meaning they don't sell financial products or receive commissions.
Fee Structure
Kennon-Green & Co. manages investments for a fee based on a percentage of the assets they manage. The specific percentage varies depending on the investment strategy you choose and the size of your account. Here's a breakdown:
- Value Strategy: 1.25% of your portfolio. Smaller accounts (below $500,000, or below $475,000 due to withdrawals) pay 1.50%.
- High Dividend Strategy: 1.25% on the first $25 million, then 0.75% on the rest.
- Defensive Balanced Strategy: 1.25% of your portfolio. Smaller accounts (below $500,000, or below $475,000 due to withdrawals) pay 1.50%.
- Passive Strategy: Fees range from 0.89% to 0.49% depending on the amount invested.
- Fixed-Income Strategy: Fees range from 0.75% to 0.50% depending on the amount invested, and are negotiable above $25 million.
- Donor-Advised Funds: 1.00% of your portfolio.
- Bespoke Strategy: Fees are negotiated on a case-by-case basis.
Minimum account sizes and annual fees also apply, varying by strategy. The firm may agree to manage accounts for performance-based fees for qualified clients with $5 million or more.