Kempner Capital Management, Inc. (Galveston)

Name: Kempner Capital Management, Inc.
Address: 2201 Market Street, Galveston, TX, 77550
Telephone: 409.765.6671

Kempner Capital Management, Inc. is a large advisory firm based in Galveston. It manages $163.69 million of regulatory assets for 30 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdiction of Texas.

Kempner Capital Management provides portfolio management for investment companies, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Kempner Capital Management: assets under management

The assets under management (AUM) of Kempner Capital Management, Inc. is $163.69 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -72% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $163.69 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $5.46 million each.

Investments

The firm invests in exchange traded securities the most. They account for 83% 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 government bonds form 4% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Kempner Capital Management, Inc. for their services and products based on a percentage of assets under management. 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 Kempner Capital Management serves?

The firm provides services to investment companies, charitable organizations, high net worth individuals, pooled investment vehicles, and corporations or other businesses. The largest group of clients of Kempner Capital Management is investment companies with 1 clients and $67.36 million of assets under management. Among the 9 most similar advisory firms, Kempner Capital Management has the highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $163.69 million for 31 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.

Kempner Capital Management also advises several private funds. Namely, one other private fund.

Careers at Kempner Capital Management, Inc.

The company employs 9 people that are either part- or full-time employees. 22 percent of the employees work as investment advisers or researchers. 2 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Harris Leon Kempner	President, portfolio manager	1 Oct 1981	75% - 100%	4348122
Donna Huffman Gindrup	Vice president, secretary	1 Feb 1985	Other	4348131
Russell Patrick Rowles	Executive vice president	1 Jul 1987	Other	4348126
Diana Little Bartula	Vice president,treasurer & chief compliance officer	1 Mar 2007	Other	4348134
Vera Delynn Greene	Vice president, head trader	1 Jun 2007	Other	5407378
Vera Delynn Green	Vice president	1 Jun 2007	Other	5407378
Michael Shawn Gault	Vice president, portfolio manager	1 Jan 2008	Other	4616666
Bridgette Landis	Trader/assistant vice president	1 Aug 2008	Other	5590425
Andrew Ryan Duncan	Sr. vice president, portfolio manager	1 May 2012	Other	2856286
Russell Patrick Rowles	Research analyst	1 Mar 2013	Other	4348126

Based in Galveston

The principal office where Kempner Capital Management, Inc. performs its advisory services is located at 2201 Market Street, Galveston, TX 77550 The mailing address of the firm is P. O. Box 119, Galveston, TX 77553. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 409.765.6671 or by fax 409.765.9098. The normal business hours are 8:00 to 4:00 (mon-thurs); 8:00 to 3:30 (fri) on Monday - Friday. You can find more information about the New York firm at kempnercapital.com.