Wealth manager, independent · Louisville, KY
KPP Advisory Services LLC
SEC-registered investment adviser · CRD 289507 · SEC 801-111709
At a glance
KPP Advisory Services LLC is an SEC-registered investment adviser based in Louisville, Kentucky, with $1.2B in regulatory assets under management as of its Form ADV filed May 28, 2026. It reports 3,995 individual clients, 318 of them high-net-worth, holding an average of about $0.3 million each, and 37 employees. That ranks it 884th among the nation’s 5,657 independent wealth management RIAs and 8th of 47 in Kentucky. It reports LPL Financial as the custodian for its clients’ separately managed accounts.
Main office 502-394-0400kpp-lpl.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $1.2B
- Rank among independent wealth managers
- #884 of 5,657
- Rank among all SEC RIAs
- #4,761 of 17,210
- Rank in Kentucky
- #8 of 47
- Individual clients
- 3,995
- High-net-worth clients
- 318
- Accounts
- 3,995
- Discretionary
- 98% of AUM
- Employees
- 37
- Advisory staff
- 26
- Offices
- 14
Owners and executives on its Form ADV
- Robert A. DavenportMember/chief Compliance Officer
- Kenneth A. O'NeilMember
Custody and brokerage
Broker-dealer
Hybrid RIA
KPP Advisory Services LLC is a hybrid RIA: 26 of its employees are also registered representatives of a broker-dealer.
Its Form ADV brochure (filed March 2026) names LPL Financial as the broker-dealer its advisers are registered with.
Associated persons of Advisor may also be registered representatives of LPL financial.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| Individuals | 3,677 | $729M | 59% |
| High-net-worth individuals | 318 | $512M | 41% |
Disciplinary disclosures
KPP Advisory Services LLC reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
- Pension consulting
- Selecting other advisers
- Educational seminars and workshops
How it’s paid
- A percentage of assets under management
- Hourly charges
- Fixed fees
Form ADV and brochures on the SEC’s adviser search ↗kpp-lpl.com ↗
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The full record on KPP Advisory Services LLC
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, 8 years of filings
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- Growth over one, three and five years
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- Rank against 2,949 peers of its type and size
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- Owners and executives, with titles and stakes
- 2 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
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Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Similar-size RIAs in Kentucky
All of Kentucky →| Firm | Regulatory AUM | Clients |
|---|---|---|
| The Gleason Group, Inc.Prospect | $1.6B | 262 |
| Legacy Financial Advisors, Inc.Covington | $1.5B | 1,061 |
| Strategic Wealth Investment Group, LLCLouisville | $1.4B | 3,900 |
Background
Questions
How much does KPP Advisory Services LLC manage?
KPP Advisory Services LLC reports $1.2B in regulatory assets under management across 3,995 accounts, 98% of it on a discretionary basis, on its Form ADV filed May 28, 2026.
How many clients does KPP Advisory Services LLC have?
It reports 3,995 individual clients: 318 high-net-worth individuals and 3,677 other individuals. Individuals account for about 100% of its regulatory assets.
Where is KPP Advisory Services LLC headquartered?
Its main office is in Louisville, Kentucky. It reports 14 offices in total and 37 employees, 26 of whom perform investment advisory functions.
How does KPP Advisory Services LLC charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; hourly charges; fixed fees. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
What custodian does KPP Advisory Services LLC use?
It reports LPL Financial as the custodian for its clients’ separately managed accounts. On Schedule D of its Form ADV filed May 28, 2026, it reports these amounts held: LPL Financial ($1.1B). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is KPP Advisory Services LLC a hybrid RIA with a broker-dealer?
KPP Advisory Services LLC is a hybrid RIA: 26 of its employees are also registered representatives of a broker-dealer. Those representatives can also earn commissions on brokerage business through the broker-dealer, where different rules apply than for advisory accounts.
Is KPP Advisory Services LLC a fiduciary?
As an SEC-registered investment adviser, KPP Advisory Services LLC owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. 26 of its employees are also registered representatives of a broker-dealer, where different rules apply to brokerage recommendations.
Where these numbers come from
Every figure is KPP Advisory Services LLC’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-05-28), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Its national rank compares it with every US-based independent wealth management RIA, the same field as The Largest RIAs. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →