Korr Acquisitions Group, Inc. (Westbury)

Name: Korr Acquisitions Group, Inc.
Address: 1400 Old Country Road, Westbury, NY, 11590
Telephone: 855-567-7858

Korr Acquisitions Group, Inc. is a mid-sized advisory firm based in Westbury. It manages $30.56 million of regulatory assets for 4 client accounts. It has been registered with the SEC as an adviser since 2019 and has operated in the jurisdictions of California, Florida, New York, and North Carolina.

Korr Acquisitions Group provides portfolio management for pooled investment vehicles and investment advisory services to registered investment advisors. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Korr Acquisitions Group: assets under management

The assets under management (AUM) of Korr Acquisitions Group, Inc. is $30.56 million, all of which is managed in discretionary accounts. The company doesn't manage any assets belonging to foreign clients.

The firm manages $30.56 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $7.64 million each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Korr Acquisitions Group, Inc. for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Kenneth Adam Orr serves?

The only and largest group of clients of Kenneth Adam Orr is pooled investment vehicles with 4 clients and $30.56 million of assets under management. Among the 1 most similar advisory firms, Korr Acquisitions Group has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $30.56 million for 4 clients. None of the firm’s clients are foreign persons or businesses.

Korr Acquisitions Group also advises several private funds. Namely, four hedge funds. The minimum investment commitment required of non-related persons ranges from $100,000 to $250,000.

Careers at Korr Acquisitions Group, Inc.

The company employs 2 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Kenneth Adam Orr has been acting as President since 1 May 2015. Hgm Properties Llc joined the executive team most recently as the Stockholder.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Kenneth Adam Orr	President/treasurer/secretary/ceo/cio/senior analyst/cco	1 May 2015	25% - 50%	2446406
Cori Joy Orr	Owner & managing director	1 May 2015	25% - 50%	2456323
Hgm Properties Llc	Stockholder	1 Mar 2018	25% - 50%	82-1798104

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Gary A Podell	Director	1 Mar 2018	Other	5075687

Based in Westbury

The principal office where Korr Acquisitions Group, Inc. performs its advisory services is located at 1400 Old Country Road, Westbury, NY 11590, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 855-567-7858 or by fax 516-802-0911. The normal business hours are 9am-5pm on Monday - Friday. You can find more information about the New York firm at korracquisitions.com.