Keating Investment Counselors Inc (Delray Beach)

Name: Keating Investment Counselors Inc
Address: 777 East Atlantic Ave, Delray Beach, FL, 33483
Telephone: 561-278-7862

Keating Investment Counselors Inc is a large advisory firm based in Delray Beach. It manages $238.88 million of regulatory assets for 257 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Florida, Illinois, and 5 other states.

Keating Investment Counselors provides portfolio management for individuals and small businesses and hourly consulting services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Keating Investment Counselors: assets under management

The assets under management (AUM) of Keating Investment Counselors Inc is $238.88 million. The firm's AUM has gone down by -31% since the beginning of its operation, and $21.17 million of the total AUM is attributable to clients outside of the United States.

The firm manages $234.6 million in discretionary accounts and $4.28 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $916.41 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $4.28 million.

Keating Investment Counselors has custody of $16.11 million in cash and securities for 6 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 86% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 11% of the firm’s portfolio. Investments in investment and business development companies form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Keating Investment Counselors Inc for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Jeanine J Keating serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Jeanine J Keating is high net worth individuals with 71 clients and $201.8 million of assets under management. Among the 9 most similar advisory firms, Keating Investment Counselors has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $238.88 million for 124 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 3% of the firm’s clients are foreign persons or businesses.

Keating Investment Counselors doesn't advise any private funds.

Careers at Keating Investment Counselors Inc

The company employs 4 people that are either part- or full-time employees. 75 percent of the employees work as investment advisers or researchers. 3 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.

Jeanine J Keating has been acting as President since 1 Jun 2007. Philip Joseph Keating has served as the Chief Investment Officer since 1 May 2007. Richard Travis Keating joined the executive team most recently as the Chief Compliance Officer/President/Treasurer/Portfolio Manager/Investment Analyst.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Jeffrey Joseph Keating	President/ceo	1 Nov 1983	75% - 100%	4366551
Jeanine J Keating	Secretary/treasurer	1 Nov 1983	25% - 50%	4659093
Linda F Sierra	Exec. vp and chief operating officer	1 Apr 2000	Other	4659099
Linda F Sierra	Secretary/executive vice president/ chief compliance officer	1 Jun 2000	Other	4659099
Philip Joseph Keating	Chief investment officer/senior portfolio manager	1 May 2007	Other	4890031
Jeanine J Keating	President/treasurer	1 Jun 2007	75% - 100%	4659093
Richard Travis Keating	Chief compliance officer/vice president/treasurer/portfolio manager/investment analyst	1 Jun 2017	Other	5384932
Richard Travis Keating	Chief compliance officer/president/treasurer/portfolio manager/investment analyst	1 Dec 2018	75% - 100%	5384932

Based in Delray Beach

The principal office where Keating Investment Counselors Inc performs its advisory services is located at 777 East Atlantic Ave, Delray Beach, FL 33483, 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 561-278-7862 or by fax 561-265-1055. The normal business hours are 9:00am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at keatinginvestment.com and its LinkedIn profile.