Kimelman & Baird, LLC

Overview

Kimelman & Baird, LLC is a registered investment advisor and broker-dealer based in New York City, managing over $1.4 billion in assets. The firm specializes in providing discretionary asset management services for individual and institutional clients through separately managed accounts. Clients appoint K&B as the investment adviser, while a qualified custodian holds the account in the client's name. The firm offers two fee programs: Asset Based Fee Program (ABFP) and Asset and Transaction Based Fee Program (ATBFP), with maximum annual fees of 1.50% and 1.25% respectively. K&B also provides financial planning services through FinLife Partners, offering comprehensive evaluations and guidance at no additional cost. The firm acts as a fiduciary for ERISA accounts, ensuring compliance with regulations and acting in the best interest of clients. K&B does not engage in principal transactions and does not vote client securities proxies. The firm does not have custody of client assets, ensuring they are held at a qualified custodian. K&B has a Code of Ethics in place, outlining high standards of business conduct and fiduciary duty to clients. The firm reviews accounts quarterly and has disclosed past regulatory actions related to continuing education and commission charges. K&B has affiliations with solicitors for client referrals and compensates them based on account assets under management. The firm does not provide financial information as it does not serve as a custodian for client funds or securities.

Investment Focus

• Accredited investors only
• Long-term investment horizon

Portfolio Companies