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What distinguishes KING from other financial advisors?
There are many factors that have made KING one of the most respected financial firms in Houston, serving clients nationwide. King Investment Advisors:
- Thirty years of investment management expertise
- A fee-only independent and employee-owned firm
- Experienced financial planning and investment professionals, assisted by a dedicated support staff, providing customized solutions
- Integration of our investment services into your existing alliance of professional advisors
- Our professionals are highly credentialed and are members of the CFA Institute, the Investment Adviser Association (IAA), the Houston Society of Financial Analysts, and the Social Investment Forum
- Numerous investment options
- A proven long-term performance track record
- A commitment to high ethical standards and service
What types of services do you offer?
KING’s investment services include the management of stock and bond portfolios, financial planning, and client education and communication. We may coordinate our services with those of your tax and legal advisors. We believe that, by implementing a team approach, KING can maximize the effectiveness of your long-term plan.
Our financial planning expertise in retirement, asset allocation/portfolio review, college education planning, estate analysis, and other specialty planning situations allows us to assess your current financial situation, help define your goals, and develop and monitor a plan to meet your objectives. Our investment management expertise allows us to allocate your investment dollars into the securities we think best meet your objectives.
With whom will I be working?
KING's portfolio managers have an average of over 27 years in the investment industry. The professional designations of our portfolio managers/analysts include Chartered Financial Analyst charterholders, Chartered Investment Counselors, and a Certified Financial Planner certificant. Our personnel, including investment professionals and a dedicated administrative staff, maintain a thorough knowledge and understanding of our investment process. Everyone at King Investment Advisors is committed to serving our clients.
What is your investment style and philosophy?
We adhere to the Business Valuation Approach, which seeks to identify attractive investment opportunities using a broad definition of value, uncovering securities often overlooked by other investors. We believe value can be found in different types of stocks at different points in the economic cycle. This approach has served our clients well for many years in varied financial environments.
What is your investment research process?
Business Valuation Approach:
- Private-Market Valuation
Stocks selling at a sharp discount to their private-market value
- Historical Valuation
Stocks trading at the lower end of their fundamental benchmarks
- Superior Earnings Growth
Stocks trading at a reduced price relative to their growth rate
Bottom-Up Stock Selection Process
Flexible Market-Capitalization Criteria
Do you consider taxes when managing taxable accounts?
Yes, we are very cognizant of each client's tax situation. For example, if we purchase a stock which is acquired in a stock transaction relatively soon after we initiated a position, we may sell that position for a non-taxable account (if we believe the upside is limited in the near term), but hold the same position for a taxable client until he/she will benefit from a lower capital gains rate.
Unlike a mutual fund, KING is able to sell positions at year-end if unrealized losses or gains are present, in order to offset realized capital gains or losses.
These tax-efficient strategies help our clients generate higher after-tax returns.
Do all portfolios with similar objectives own the same stocks?
Not necessarily. Account holdings are largely the same but may differ a bit for a variety of reasons. First, KING does not use "cookie cutter" model portfolios. When a client opens an account, we do not automatically run out and buy the same stocks that another client with the same objective owns. For example, a client who has been with us for several years may own a stock we believe has only 10% or 15% potential upside from current levels. We may choose not to purchase that particular company for a new account. We also may not sell it for the older account as, depending on the tax situation, the realization of a sizable gain and creation of a tax liability may not benefit the first client. Finally, a client might not have a sufficient amount of cash in his/her account when we are buying a stock. This may be due to withdrawals, special account restrictions, or other circumstances.
Will I maintain control of my assets and where will they be held?
KING does not hold cash or securities. For efficient, consolidated record keeping, your investments will be custodied in your name at a major securities firm.
—we are dedicated to protecting and growing our clients' wealth
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