Lk&a Investment Counsel

Lawrence W. Kelly & Associates, Inc., founded in 1985 by Lawrence W. Kelly, is a Pasadena-based firm specializing in individualized investment advisory services for high net-worth individuals and other entities. The firm's advisory services are tailored to clients' investment goals, with continuous monitoring and investment advice provided. LK&A exercises investment discretion over client accounts, developing individualized investment plans based on clients' needs and financial situations. The firm manages balanced accounts with equities and fixed income securities, as well as accounts exclusively focused on stocks or bonds. As of December 31, 2022, LK&A managed $441 million in assets on a discretionary basis. Fees for investment management services are based on a percentage of assets under management, with fees payable quarterly in advance. The standard fee schedule ranges from 1.00% to 0.65% based on the amount of assets managed. Clients may also incur additional expenses such as brokerage commissions and custodial fees. LK&A does not charge performance-based fees and primarily selects larger-capitalization stocks for equity portfolios, focusing on long-term growth. The firm's investment strategies involve fundamental analysis, firm-generated research, and macro-economic outlooks. Clients should be prepared for market, company, and concentration risks associated with equity and fixed income securities. LK&A does not have any legal or disciplinary events to report and does not receive compensation from sources other than clients. The firm does not provide custody services, and client assets are held with qualified custodians. Clients have the option to vote proxies themselves or have LK&A vote on their behalf, prioritizing the economic interests of clients.