Kresko Holdings Inc. (Boerne)


Kresko Holdings Inc. is a large advisory firm based in Boerne. It manages $150.24 million of regulatory assets for 497 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdiction of Texas.

Kresko Holdings provides financial planning services, portfolio management for individuals and small businesses, and pension consulting services. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Kresko Holdings: assets under management

The assets under management (AUM) of Kresko Holdings Inc. is $150.24 million. The firm's AUM has grown by 385% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $147.07 million in discretionary accounts and $3.17 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $302.6 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $288.5 thousand.
Kresko Holdings has custody of $4.66 million in cash and securities for 10 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 51% of the total AUM. The second-largest asset type is investment and business development companies, which make up 35% of the firm’s portfolio. Investments in pooled investment vehicles form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Kresko Holdings 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 Kresko Holdings serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Kresko Holdings is high net worth individuals with 42 clients and $87.44 million of assets under management. Among the 10 most similar advisory firms, Kresko Holdings has the 3rd lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $147.28 million for 192 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.

Kresko Holdings doesn't advise any private funds.

Careers at Kresko Holdings Inc.

The company employs 4 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 4 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 compensates 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
Karl Joseph Eggerss President / chief compliance officer / ceo 1 Jan 2010 75% - 100% 2634722

Based in Boerne

The principal office where Kresko Holdings Inc. performs its advisory services is located at 114 E. Highland, Boerne, TX 78006, 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 210.526.0057 or by fax 210.568.4802. The normal business hours are by appointment only on Monday - Friday. You can find more information about the New York firm at eggersscapital.com/.