Kanawha Capital Management, LLC (Richmond)


Kanawha Capital Management, LLC is a large advisory firm based in Richmond. It manages $883.9 million of regulatory assets for 947 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of District of Columbia, Florida, Georgia, and 7 other states.

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Kanawha Capital Management provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Kanawha Capital Management: assets under management

The assets under management (AUM) of Kanawha Capital Management, LLC is $883.9 million. The firm's AUM has grown by 47% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.


The firm manages $838.39 million in discretionary accounts and $45.51 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $906.36 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $2.07 million.
Kanawha Capital Management has custody of $252.41 million in cash and securities for 143 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 79% of the total AUM. The second-largest asset type is state and local bonds, which make up 11% of the firm’s portfolio. Investments in investment grade corporate bonds form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Kanawha Capital Management, LLC for their services and products based on a percentage of assets under management 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 Richard Selfe Williford serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Richard Selfe Williford is high net worth individuals with 234 clients and $723.65 million of assets under management. Among the 12 most similar advisory firms, Kanawha Capital Management has the highest percentage of high net worth individuals out of all clients.


The amount of regulatory assets under management is $883.9 million for 396 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.

Kanawha Capital Management doesn't advise any private funds.

Careers at Kanawha Capital Management, LLC

The company employs 10 people that are either part- or full-time employees. 40 percent of the employees work as investment advisers or researchers. 4 employees are registered as investment adviser representatives with the state securities authorities.

There are 2 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Richard Selfe Williford has been acting as President since 1 Jul 2007. Christopher Jerome Singleton has served as the Chief Investment Officer since 1 Jul 2007. Llc Thl Equity Fund Vii Investors (Ht) joined the executive team most recently as the Owner.

Direct owners and executive officers



Name Entity Date acquired Ownership Employer ID
Charles Keely Fox President - managing director 1 Nov 2001 Other 1046075
William Bates Chappell Managing director 1 Nov 2001 Other 1721117
Paul Cordell Munson Managing director 1 Nov 2001 Other 1711844
Richard Selfe Williford Managing director 1 Nov 2001 Other 1367832
Inc. Wealthtrust Managing director 1 Nov 2001 75% - 100% 62-1696932
Christopher Jerome Singleton Managing director 1 Jan 2004 Other 2719263
Justin Bruce Hacker Secretary/treasurer 1 Nov 2004 Other 4867220
Wealthtrust Llc Member 1 Nov 2006 75% - 100% 20-5389611
Richard Selfe Williford Chief compliance officer/president 1 Jul 2007 Other 1367832
Christopher Jerome Singleton Chief investment officer 1 Jul 2007 Other 2719263
Thomas Kirby Garner Managing director, member 1 Jan 2014 Other 3113321
Robert Jeffery Corne Vice president and secretary 1 May 2016 Other 4993108
Llc Wt Acquisition Owner 1 May 2017 75% - 100% 82-151473
Robert Steven Pagliuco Executive vice president and treasurer 1 Jun 2017 Other 2617931

Indirect Owners

The SEC currently registers 41 indirect owners.

Name Entity Date acquired Ownership Employer ID
Fredric Mark Edelman Shareholder 1 Jun 1996 75% - 100% 1537980
Inc. Morgan Asset Management Shareholder 1 Nov 1999 75% - 100% 62-1277223
Inc. Mk Holding Shareholder 1 Mar 2001 75% - 100% 62-1153850
Regions Financial Corp. Shareholder 1 Mar 2001 75% - 100% 63-0371391
Inc. Morgan Asset Management Shareholder 1 Nov 2001 75% - 100% 62-1277223
Inc. Mk Holding Shareholder 1 Nov 2001 75% - 100% 62-1153850
Regions Financial Corp. Shareholder 1 Nov 2001 75% - 100% 63-0371391
Thomas Haskell Lee Managing member 1 Aug 2006 75% - 100% 305494
Wealthtrust Holdings Co. Member 1 Nov 2006 75% - 100% 20-5576278
Wealthtrust Holdings Llc Shareholder 1 Nov 2006 75% - 100% 20-5493778
Falcon Mezzanine Partners Ii Lp Member 1 Nov 2006 75% - 100% 20-2506252
Cpc Wt Investment Llc Member 1 Nov 2006 25% - 50% 20-5509625
Nmc Cpc Wt Investment Llc Member 1 Nov 2006 25% - 50% 42-1717706
Mark Kevin Gormley Managing member 1 Mar 2009 25% - 50% 718402
Llc Lee Equity Partners Manager 1 Apr 2012 Other 157422
Lp Lee Equity Partners Fund Summer Aiv Member 1 Apr 2012 75% - 100% 80-0802317
Llc Lee Equity Partners Gp General partner 1 Apr 2012 Other 26-1532912
Teachers Retirement System Of Texas Limited partner 1 Apr 2012 25% - 50% 74-6000164
Edward Philip Moore Board of managers 1 Oct 2014 Other 1468827
Llc Affiliated Wealth Partners Holdings Member-managed 1 Sep 2015 75% - 100% 47-4536791
Awp Ii Llc Member-managed 1 Sep 2015 75% - 100% 47-4845839
Awp I Lp Member-managed 1 Sep 2015 75% - 100% 47-5311229
Awp Gp Llc General partner 1 Sep 2015 Other 47-5305328
Llc Lep Summer Holdings Limited partner 1 Sep 2015 50% - 75% 37-1689318
Llc Lee Equity Partners Member 1 Sep 2015 50% - 75% 157422
Inc. The Edelman Financial Center Member 1 Sep 2015 25% - 50% 81-0672613
George Lester Ball Board of managers 1 Sep 2015 Other 11332
Mark Kevin Gormley Board of managers 1 Sep 2015 Other 718402
Holly Day Deem Board of managers 1 Sep 2015 Other 2665529
Llc Lee Equity Partners Realization Fund Gp General partner 1 Sep 2015 Other 47-5092925
Edward Philip Moore Board of managers 1 Sep 2015 Other 1468827
Achi Yaffe Board of managers 1 Sep 2015 Other 5167335
Bruce Robert Mcmaken Board of managers 1 Dec 2015 Other 2851043
Daniel Joseph Rodriguez Board of managers 1 Feb 2016 Other 4981411
Daniel J Rodriguez Board of managers 1 Feb 2016 Other 4981411
Mark Kevin Gormley Managing member 1 Mar 2016 25% - 50% 718402
Lp Lee Equity Partners Realization Fund Summer Aiv Member 1 Mar 2016 75% - 100% 36-4818709
Lep Realization Summer Llc Limited partner 1 Mar 2016 50% - 75% 47-5027114
Lp Lep Realization Feeder Member 1 Mar 2016 75% - 100% 47-5356891
Llc Hightower Holding Owner 1 May 2017 75% - 100% 26-2270729
Llc Thl Equity Fund Vii Investors (Ht) Owner 1 Jan 2018 75% - 100% 82-3551026

Based in Richmond

The principal office where Kanawha Capital Management, LLC performs its advisory services is located at 7201 Glen Forest Drive, Richmond, VA 23226 3759 The mailing address of the firm is P. O. Box 18490, Richmond, VA 23226 8490. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 804-359-3900 or by fax 804-359-2153. The normal business hours are 8:30 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at kancap.com.