Careers At Kayne Anderson Rudnick Investment Management Llc
The company employs 88 people that are either part- or full-time employees. 19 percent of the employees work as investment advisers or researchers. 17 employees are registered as investment adviser representatives with the state securities authorities.
There are 7 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 receive compensation from other entities for client referrals.
Allan Michael Rudnick has been acting as President since 1 Apr 2007. Michael Robert Shoemaker joined the executive team most recently as the Chief Compliance Officer.
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Michael Shoemaker Investment Strategy
Kayne Anderson Rudnick Investment Managements portfolio is diversified across 13 sectors.Currently, their heaviest sector is Industrials making up 20.0% ofthe total portfolio value.The fund focuses on investments in the United States as49.5% of the portfolio companiesare based in the United States.The majority of the companies in the funds portfolio are large-cap stocks.Stocks with a size of more than $10 billion in market cap make up40% of the total holdings value.On the other hand, small-cap stocks make up only 1.9% of the portfolio.The average market cap of the portfolio companies is close to $73.4 billion.
Kayne Anderson Rudnick Investment Management Investment Philosophy
Research is at the core of Kayne Anderson Rudnicks investment strategy. The firm prefers to maintain control over its investment decisions as opposed to outsourcing the research work to an outside company. KARs process includes reviewing a companys balance sheet, financial statements, regulatory filings, press releases and other industry data to ensure that it has a complete financial picture prior to investing.
As you might expect based on the above information, KAR principally invests in equities when building client portfolios. It divides these possible investments into large-cap, mid-cap and small-cap categories so that its advisors can easily pair them with a clients risk tolerance and other needs.
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Kayne Anderson Rudnick Investment Management Review
This review was produced by SmartAsset based on publicly available information. The named firm and its financial professionals have not reviewed, approved, or endorsed this review and are not responsible for its accuracy. Review content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named firm and its financial professionals, and firms and financial professionals having business relationships with SmartAsset receive no special treatment or consideration in SmartAssets reviews. This page contains links to SmartAssets financial advisor matching tool, which may or may not match you with the firm mentioned in this review or its financial professionals.
2000 Avenue of the StarsSuite 1110
Kayne Anderson Rudnick Investment Management, LLC is a fee-only financial advisor firm in Los Angeles. The firm primarily works with high-net-worth individuals, though its client base also includes various types of institutional investors. It provides both financial planning and portfolio management services.
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Awards: KAR Awarded Top Guns Designation by Informa Financial Intelligence
Kayne Anderson Rudnick has been awarded a PSN Top Guns distinction by Informa Financial Intelligences PSN manager database, North Americas longest running database of investment managers. KAR received the PSN Top Guns Manager of the Decade recognition for several of its investment strategies. The KAR Small Cap Core, KAR Small-Mid Cap Core, KAR Small Cap Quality Value, KAR Small Cap Sustainable Growth, KAR Mid Cap Core, all received the Manager of the Decade designation for the 10-year period ending December 31, 2021. Learn more.
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What Kind Of Clients Allan Michael Rudnick Serves
The firm provides services to individuals, insurance companies, investment companies, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Allan Michael Rudnick is investment companies with 5 clients and $9.04 billion of assets under management. Among the 8 most similar advisory firms, Kayne Anderson Rudnick Investment Management has the 3rd highest percentage of investment companies out of all clients.
The amount of regulatory assets under management is $14.44 billion for 1,239 clients that can include trusts, estates, and 401 plans and IRAs of individuals and their family members. 1% of the firms clients are foreign persons or businesses.
Kayne Anderson Rudnick Investment Management doesn’t advise any private funds.
Services Offered By Kayne Anderson Rudnick
Kayne Anderson Rudnick provides investment management services, as well as financial planning advice. Advisors usually are given discretion to make decisions about what and when to trade, without getting client approval first.
The firm also works with executive clients who have received significant equity grants as part of their compensation, and it helps nonprofits with investment strategy and research. The team may consult outside business partners in certain situations, such as for customized estate planning, tax planning and insurance services.
Kayne Anderson Rudnick also offers other services to clients indirectly. You may invest in a mutual fund advised by or managed by the firm, including roughly 20 funds affiliated with the firms owner, Virtus Investment Partners. Or you may select one of Kayne Anderson Rudnicks model strategies in your wrap account. Under this type of wrap program, offered by firms such as Charles Schwab, you receive advisory, custodial and brokerage services, including trading costs, bundled under one fee.
To recap, services offered by Kayne Anderson Rudnick include:
- Portfolio management and investment advisory services
- Financial planning
- Estate planning and wealth transfer
- Charitable planning
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Top 10 Stocks Held By Kayne Anderson Rudnick Investment Management Llc
In total we count 652 positions held by Kayne Anderson Rudnick Investment Management LLC as of their latest 13F filing, but among those total Kayne Anderson Rudnick Investment Management LLC holdings we’ve sorted out the top ten stocks held by Kayne Anderson Rudnick Investment Management LLC by largest position size, and presented them here in slideshow form.
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| Warren Buffett Dividend Stock Portfolio |
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Read our editorial policy to learn more about our process.
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Kayne Anderson Rudnick Investment Management Background
Kayne Anderson Rudnick was established in 1985 by John Anderson, Richard Kayne and Allan Rudnick. Today, the firm is under the complete ownership of multi-manager asset management business, Virtus Investments Partners, Inc.
The firms advisory team boasts an impressive number of certifications. Such certifications include chartered financial analyst , certified financial planner , certified private wealth advisor , chartered retirement planning counselor , certified trust and financial advisor , certified public accountant , chartered alternative investment analyst and advisor with a certificate in investment performance measurement on staff.
Is Kayne Anderson Rudnick Right For You
Kayne Anderson Rudnick is well-regarded for its equity strategies. It conducts its own original research on companies its considering for investment, including talking to company management, customers and competitors, and has identified a standardized list of characteristics it seeks out when hunting for prospects.
As for its client list, the firm aims to help wealthy individuals, families and institutions manage their portfolios and plan for their financial futures. Investors who fall short of the typical $1 million minimum investment required for wealth advisory services may not make the cut to become a client, although there are exceptions made for an extra fee. You may want to look elsewhere, too, if youre primarily looking for a financial plan and not portfolio management, as the firm provides financial planning to only a small number of its clients.
Finding a financial advisor is a personal decision. Be sure to research multiple firms to ensure you find the right advisor for you.
The Find a Financial Advisor links contained in this article will direct you to webpages devoted to MagnifyMoney Advisor . After completing a brief questionnaire, you will be matched with certain financial advisers who participate in MMAs referral program, which may or may not include the investment advisers discussed.
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How We Make Money
We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters.
Fees Kayne Anderson Rudnick Charges For Its Services
How much youll pay to work with Kayne Anderson Rudnick depends on the amount youre investing with the firm, since it offers a tiered fee schedule. Private wealth clients will pay a percentage of their AUM, ranging from 1.00% for the first $3 million invested, then dropping to 0.60% on amounts beyond $10 million, as outlined in the table below:
| Kayne Anderson Rudnick Wealth Advisory Fee Schedule | |
|---|---|
| Assets under advisement | |
| Additional assets | 0.60% |
In addition to the rates outlined above, clients with can expect to pay an additional 0.30% each year. Keep in mind that on top of fees paid to Kayne Anderson Rudnick to manage your portfolio, you still could owe brokerage commissions, transaction fees and other related costs and expenses.
The firm may also levy performance-based fees, based on a share of capital gains or capital appreciation of a clients assets. However, the firm notes that this arrangement only will apply to certain clients and is negotiated on an individual basis.
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What Does The Institutional Ownership Tell Us About National Research
Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it’s included in a major index. We would expect most companies to have some institutions on the register, especially if they are growing.
As you can see, institutional investors have a fair amount of stake in National Research. This implies the analysts working for those institutions have looked at the stock and they like it. But just like anyone else, they could be wrong. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It’s therefore worth looking at National Research’s earnings history below. Of course, the future is what really matters.
Hedge funds don’t have many shares in National Research. Looking at our data, we can see that the largest shareholder is Thomas Richardson with 19% of shares outstanding. Kayne Anderson Rudnick Investment Management, LLC is the second largest shareholder owning 13% of common stock, and Eaton Vance Management holds about 3.9% of the company stock. In addition, we found that Michael Hays, the CEO has 0.6% of the shares allocated to their name.
On further inspection, we found that more than half the company’s shares are owned by the top 8 shareholders, suggesting that the interests of the larger shareholders are balanced out to an extent by the smaller ones.
Insider Ownership Of National Research
The definition of company insiders can be subjective and does vary between jurisdictions. Our data reflects individual insiders, capturing board members at the very least. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it.
Insider ownership is positive when it signals leadership are thinking like the true owners of the company. However, high insider ownership can also give immense power to a small group within the company. This can be negative in some circumstances.
Our most recent data indicates that insiders own a reasonable proportion of National Research Corporation. Insiders have a US$204m stake in this US$992m business. This may suggest that the founders still own a lot of shares. You can
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Kayne Anderson Rudnick Investment Management 13f Annual Report
Kayne Anderson Rudnick Investment Management is an investment fund managing more than $30.1 billion ran by Michael Shoemaker.There are currently 580 companies in Mr. Shoemakers portfolio.The largest investments include Aspen Technology Inc and Lpl Financial Hldgs, together worth $1.32 billion.
Limited to 30 biggest holdings
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Kayne Anderson Rudnick Investment Management Llc
| Portfolio Value |
Latest Holdings, Performance, AUM
Kayne Anderson Rudnick Investment Management Llchas disclosed 639 total holdings in their latest SEC filings.Most recent portfolio value is calculated to be $ 30,151,494,000 USD.Actual Assets Under Management is this value plus cash .Kayne Anderson Rudnick Investment Management Llc’s top holdings areAspen Technology, Inc. ,LPL Financial Holdings Inc ,Berkley Corp. ,FTI Consulting, Inc. ,andHenry & Associates, Inc. .Kayne Anderson Rudnick Investment Management Llc’s new positions includeDoubleVerify Holdings, Inc. ,iShares MSCI India Small-Cap ETF ,EPAM Systems Inc ,Barclays ETN+ Shiller CAPET ETN ,andSavara Inc .Kayne Anderson Rudnick Investment Management Llc’s top industries are”Apparel And Other Finished Products Made From Fabrics And Similar Materials” ,”Automotive Repair, Services, And Parking” ,and”Mining And Quarrying Of Nonmetallic Minerals, Except Fuels” .
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13F and Fund Filings
This form was filed on 2022-11-16 for the reporting period 2022-09-30.Click the link icon to see the full transaction history.
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Wipfli Financial Advisors Llc Buys New Shares In Equifax Inc
Posted by on Jan 8th, 2023
Wipfli Financial Advisors LLC purchased a new stake in shares of Equifax Inc. during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 1,261 shares of the credit services providers stock, valued at approximately $216,000.
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Wall Street Analyst Weigh In
EFX has been the topic of a number of research reports. Robert W. Baird lifted their price objective on Equifax from $199.00 to $223.00 and gave the stock an outperform rating in a research note on Friday, November 25th. JPMorgan Chase & Co. lifted their price objective on shares of Equifax from $196.00 to $219.00 and gave the stock an overweight rating in a research note on Friday, November 18th. Jefferies Financial Group cut shares of Equifax from a buy rating to a hold rating and decreased their target price for the company from $250.00 to $161.00 in a research report on Wednesday, October 19th. Deutsche Bank Aktiengesellschaft lifted their price target on Equifax from $160.00 to $175.00 in a research report on Tuesday, December 20th. Finally, The Goldman Sachs Group decreased their price objective on Equifax from $215.00 to $187.00 and set a neutral rating on the stock in a research report on Friday, October 21st. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Equifax has a consensus rating of Hold and a consensus target price of $201.47.
