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What is your educational background?
Jon Speight, also a Certified Financial Planner™ certificant, has a Bachelor of Science degree from the University of Texas, Austin. Jon has 18 years of experience in the investment industry.
In addition, King Investment Advisors, Inc. (KING) has four Chartered Financial Analysts (CFA charterholders) averaging over 27 years of experience in the investment industry. Our professionals include portfolio managers, security analysts, and other specialists who are highly qualified to meet the needs of our clients.
What size is your firm and how many clients do you have?
KING manages approximately $400 million in assets, serving institutional and individual investors nationwide. Our firm has direct relationships with over 200 clients.
What types of services do you offer?
KING’s Wealth Management Services (WMS) includes financial planning, investment management, portfolio reporting, and client education and communication. We 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.
Through WMS, we provide high-quality financial planning and investment management services. 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.
Do you have a preference for specific types of investments?
KING WMS utilizes both no-load or load-waived mutual funds, ETFs, and alternative investments. Many portfolio mutual funds are institutional class shares (lowest expense) or successful funds closed to retail investors.
What is your investment style and philosophy?
Our goal is to provide superior performance results through a full market cycle, while minimizing the risk of our clients’ assets. We are committed to creating wealth for our clients in the long term. We don’t believe in market timing, and we follow a disciplined approach to investing. KING’s Wealth Management Services follows a six-step investment management process that replicates the disciplined approach used in managing large pools of institutional pension and endowment funds.
As a KING client, you will participate in a comprehensive evaluation of your investment goals. This important profile will provide our management team with the information needed to design an asset allocation specifically suited to you. Although your portfolio’s asset allocation is static, KING makes periodic opportunistic adjustments to your securities to potentially improve investment performance. Factors such as economic, market, demographic, and geopolitical trends are analyzed in formulating tactical modifications.
For diversification, your portfolio will consist of multiple asset classes, chosen according to your investment policies and guidelines. Such asset classes include U.S. and international stocks, bonds, real estate, natural resources, and other alternative investments. Combining these selected investments into a customized asset allocation portfolio is an important step in minimizing risk while maximizing return.
KING believes that combining these select investments into a customized portfolio is an important step in achieving your financial goals. The consolidation of your investments into a single quarterly asset allocation and performance report will assist you in monitoring your progress.
What asset allocation portfolios do you offer?
Our Wealth Management Services investments offer diversity by including Growth, Moderate, and Conservative asset allocation portfolios to suit your risk/reward tolerance and your investment time horizon.
Growth Allocation Portfolio
Growth-allocation portfolios seek to provide capital appreciation by investing primarily in stocks. These portfolios typically have 80% to 100% of assets in equities, and as such are more volatile than moderate- and conservative-allocation portfolios. Alternative investments may be used to potentially enhance performance.
Moderate Allocation Portfolio
Moderate-allocation portfolios seek to provide both capital appreciation and income by investing in three major areas: stocks, bonds, and cash. These portfolios tend to hold smaller positions in stocks than growth-allocation portfolios, and larger positions in stocks than conservative-allocation portfolios. These portfolios typically have 50% to 70% of assets in equities and the remainder in fixed income and cash. Alternative investments may be used to potentially enhance performance.
Conservative Allocation Portfolio
Conservative-allocation portfolios seek to provide both income and capital appreciation by investing in three major areas: stocks, bonds, and cash. These portfolios tend to hold smaller positions in stocks than growth- and moderate-allocation portfolios. These portfolios typically have 20% to 50% of assets in equities and 50% to 80% of assets in fixed income and cash. Alternative investments may be used to potentially enhance performance.
For qualified investors, KING offers access to covered call strategies, private equity and initial public offerings (IPOs), and diversified private investment portfolios for clients with a large holding in low cost-basis stock.
What has your past performance been for clients with investment needs and risk tolerance similar to mine?
KING has a proven long-term track record in managing our client’s investments. Please refer to our verified performance record sheets for updated portfolio performance.
In addition to investment services, KING provides financial planning, enhanced investment reporting, superior client service, and long-term client relationships through on-going communication through client meetings, reports, and informative newsletters.
How are you compensated?
For financial planning and investment advisory services, KING charges an annual fee ranging from 1.5% to 0.70% based on the value of your assets under our management and any financial planning services required. Our average fee is 1.0%. Under this arrangement, we minimize conflicts of interest because you and KING have the same goal—to help increase your net worth and achieve your overall financial objectives.
If you only require financial planning advice, KING charges an hourly fee, with total fees based on the scope and complexity of services needed. (Request our Fee Schedule for additional details.)
What is your investment minimum?
KING’s WMS investment management minimum is $250,000 per household.
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. Through a limited power of attorney, we will be authorized to execute transactions on your behalf in accordance with the guidelines of your investment policy statement. KING will not be allowed to withdraw or transfer assets from your account without your approval.
With whom will I be working?
The selection of a particular member of the KING professional staff depends upon the advisory services you require. An experienced administrative staff assists our relationship professionals.
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:
- Over twenty-eight 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 Wealth Management Services into your existing alliance of professional advisors
- Numerous, low-cost investment options
- A proven long-term performance track record
- A commitment to high ethical standards and service
—we are dedicated to protecting and growing our clients' wealth
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