Honkamp Krueger Financial Services Inc (Dubuque)
Honkamp Krueger Financial Services Inc is a large advisory firm based in Dubuque. It manages $3.16 billion of regulatory assets for 9,149 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Arizona, Arkansas, and 37 other states.
Honkamp Krueger Financial Services provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.
Honkamp Krueger Financial Services: assets under management
The assets under management (AUM) of Honkamp Krueger Financial Services Inc is $3.16 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 1023% since the beginning of its operation, and $470.19 thousand of the total AUM is attributable to clients outside of the United States.
Investments
The firm invests in state and local bonds the most. They account for 56% of the total AUM. The second-largest asset type is exchange traded securities, which make up 24% of the firm’s portfolio. Investments in investment and business development companies form 14% of the total invested assets.Fees & Commissions
The advisory firm has several streams of revenue. Clients pay Honkamp Krueger Financial Services Inc for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
What kind of clients John Robert Darrah serves?
The firm provides services to individuals, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of John Robert Darrah is individuals with 3,387 clients and $1.79 billion of assets under management. Among the 5 most similar advisory firms, Honkamp Krueger Financial Services has the 2nd highest percentage of individuals out of all clients.
The amount of regulatory assets under management is $3.16 billion for 3,806 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.
Honkamp Krueger Financial Services doesn't advise any private funds.
Careers at Honkamp Krueger Financial Services Inc
The company employs 90 people that are either part- or full-time employees. 92 percent of the employees work as investment advisers or researchers. 46 employees are registered as investment adviser representatives with the state securities authorities.
There are 61 people 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.
John Robert Darrah has been acting as President since 1 Mar 2009. Ann Sexton Mccorkindale has served as the Chief Investment Officer since 1 Feb 2001. Ivan Paul Gruhl joined the executive team most recently as the Vp, Chief Investment Officer.
Direct owners and executive officers
Based in Dubuque
The principal office where Honkamp Krueger Financial Services Inc performs its advisory services is located at 3390 Asbury Road, Dubuque, IA 52002 2801, which is also the mailing address of the firm. An additional office of the firm is in Urbandale, IA. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 563-582-2855 or by fax 563-582-1040. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at hkfs.com.
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