Frequently Asked Questions
Kennicott Capital is committed to communicating with clarity and consistency. Your questions are important, and we strive to respond to inquiries promptly and thoroughly.
Following are a few of our most commonly-asked questions, along with explanations of our practices and policies.
Your assets will not be held by Kennicott Capital; Kennicott Capital does not have custody of any client assets. Your assets will be held in your own account with a “qualified custodian” such as TD Ameritrade.
Our minimum relationship size is $500,000.
Fees will be paid quarterly in arrears, and will be deducted from your account of choice at the beginning of every quarter.
Fee-only means that we are compensated solely on the size of your account. We do not receive commissions. Our fiduciary responsibility is to put your interests first.
No. Included in our fee are consultations with your other professional advisors.
No, but we make recommendations to your portfolio that is based on the strategy we think will benefit you the most. If you choose to keep specific holdings in your portfolio, we will work your preferences into our strategy.
An Investment Policy Statement is a written document, developed by both you and Kennicott Capital, detailing your investment goals and preferences. The Investment Policy Statement is specific to your objectives, risk tolerance, selected investment vehicles and restrictions, and asset allocation. At Kennicott Capital, we do not begin any management assignment without one.
Yes. Before we do anything with your portfolio, we will determine your needs, investment goals, risk tolerance, and preferences. Together, we will develop an investment policy statement that will determine how you would like your assets invested, including any restrictions.
We will communicate with you throughout the year via face-to-face, telephone, email and by mail. You will receive your quarterly investment performance report for each of your accounts by mail. Our lines of communication are always open.