Frequently Asked Questions
This FAQ is a general summary for prospective clients. It is not a substitute for our Form ADV Part 2A Brochure and Form ADV Part 2B Supplement, which contain complete details on our services, fees, and conflicts of interest.
You can read KNA Capital’s Form ADV here or request a copy at 513-202-3679.
What services do you offer?
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We offer two services: Investment Management, built around our Core investment strategy of buying durable, well-managed businesses at attractive prices, and Wealth Advisory, which combines that same investment management with comprehensive financial planning. This can include retirement, tax coordination, estate strategy alignment, equity compensation, insurance review, and charitable planning. Financial planning is provided only alongside investment management, at no separate fee.
What is your investment philosophy?
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5 How do I get started?
We look for companies with durable competitive advantages ("economic moats"), run by capable stewards of shareholder capital, trading below our estimate of fair value. We view a stock as fractional ownership of a real business and aim to hold investments patiently, though we will sell when a company's fundamentals deteriorate, the price runs well ahead of value, or we find a better use for the capital.
Learn more about our philosophy here and in our monthly letters.
Is there a minimum account size?
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We generally require $250,000 in total household assets under management. Accounts belonging to spouses, minor children, and certain family trusts can be combined ("householded") to meet this minimum or reach a lower fee tier. We may waive or adjust this minimum at our discretion.
What are the fees?
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The first $10 million is managed at 1.25%. Amounts above $10 million are managed at 1.00%
Fees are billed quarterly in advance based on your account's value at the end of the prior quarter, and are negotiable at the firm's discretion depending on account complexity and other factors. Fees do not include custodian charges (e.g., transaction or wire fees) or the internal expense ratios of any mutual funds or ETFs held in your portfolio. Those are separate and paid indirectly by fund shareholders.
Becoming a KNA Capital client is a four step process, designed to craft an investment plan optimized for your objectives, risk tolerance, time horizon, and circumstances.
Discovery Meeting — we review your full financial picture, goals, and risk tolerance.
Strategy Development — we design a personalized asset allocation and financial plan.
Custody & Account Setup — you open an account with Schwab, fill out necessary forms, and sign our Investment Advisory Agreement.
Implementation — assets transfer in, and we begin managing your portfolio.
Contact us today to get started.