Kilner Capital Advisors, LLC

Kilner Capital Advisors, LLC (KCA) is a registered investment adviser based in Gaithersburg, MD, established in 2006. KCA specializes in managing investment portfolios for individuals, retirement plans, trusts, and businesses. The firm primarily recommends portfolios of passively managed mutual funds from Dimensional Fund Advisors and AQR Capital Management. KCA's investment strategy is rooted in Modern Portfolio Theory, focusing on asset allocation decisions rather than market timing. Clients have discretion over their investments, with KCA continuously monitoring and reviewing portfolios. The firm also offers consulting services in areas such as tax planning, retirement planning, and estate planning. For investment management services, KCA charges an annual fee based on a tiered percentage of assets under management, with a minimum account size typically starting at $1,000,000. Employee benefit plan services are charged as a percentage of plan assets. Consulting services are billed hourly at $300. KCA does not charge performance-based fees and acts as a fiduciary, putting clients' interests first. The firm does not vote on client securities proxies but may provide guidance. KCA does not have custody of client assets but may deduct fees with client authorization. The firm does not engage in principal or agency cross transactions and does not aggregate client trades. KCA has no disciplinary history and maintains a strong financial condition. Clients receive quarterly performance reports and account reviews.