KCM Investment Advisors
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client AUMClient assets under management
$5,326,139,762
Clients
1,492
Advisors
7
of 20 employees
About
KCM serves a mix of individual and institutional clients, including high‑net‑worth individuals, retirees and those entering retirement, as well as corporate pensions, foundations, and endowments, providing discretionary portfolio management and integrated financial planning. The firm also acts as a sub‑advisor to other advisers and wrap sponsors and offers tailored wealth discussions and retirement planning as part of its advisory services.
Investment implementation is primarily through customized allocations to equities, ETFs and individual bonds, with positions selected and monitored using fundamental, quantitative and macro/cyclical analysis; accounts are managed on a discretionary basis with periodic rebalancing and the ability to retain client‑identified “un‑managed” holdings. KCM emphasizes total‑return objectives aligned with each client’s risk profile and documents investment objectives and restrictions before implementing recommendations.
What distinguishes KCM from many peers is its scale and operational model: it manages roughly $6.0 billion in discretionary assets for about 1,500 clients while operating with a relatively small advisory team, and it supplements in‑house capabilities by serving as a sub‑advisor and outsourcing proxy voting and class‑action claim processing to ISS. The firm also accepts standing letters of authorization (resulting in deemed custody under SEC rules) and follows the SEC No‑Action Letter process to address related audit requirements, reflecting an operational structure not typical for firms with comparable asset levels.
Client services
Expertise
Fee options
$0+: 0.50% for Cash Management and Investment Grade Fixed Income $0+: 0.90% for Equities, ADRs, ETFs, ETNs, Open and Closed-End Mutual Funds, Preferred Stock and Hybrid Securities
Account minimum: $1,000,000 Minimum fee: $5,000 per annum Fee-only: Fees are based on assets under management, no separate fee for financial planning services.
Main office
300 Drakes Landing Road, Suite 210
Greenbrae CA 94904
Advisors at this office
7
Most active in
Arizona · California · Connecticut · Florida · Georgia · Hawaii · Idaho · Illinois · Iowa · Louisiana · Massachusetts · Montana · Nebraska · Nevada · New Hampshire · New Mexico · New York · North Carolina · Ohio · Oregon · Pennsylvania · Texas · Utah · Virginia · Washington · Wyoming
Also doing business as
Kcm Investment Advisors · Kcm Investment Advisors, LLC · Kellett Jay Aubrey
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Advisors at this firm
John L
Series 63, Series 65
Greenbrae, CA
KCM Investment Advisors
John Lundin is a financial advisor at KCM Investment Advisors with 9 years of industry experience. He holds Series 63 and Series 65 licenses and has been with KCM Investment Advisors since 2000. KCM Investment Advisors serves individual and institutional clients, including high-net-worth individuals and corporate pensions, providing discretionary portfolio management and integrated financial planning. The firm manages about $6.0 billion in discretionary assets using a customized, fundamental and quantitative investment approach.
Guy B
Series 63, Series 66
Greenbrae, CA
KCM Investment Advisors
Guy Benstead is a financial advisor at KCM Investment Advisors with 31 years of industry experience. He holds Series 63 and Series 66 designations. His prior experience includes roles at Shelton Capital Management, IMST Distributors, LLC, and Cedar Ridge Partners. He is also the managing member of Cedar Ridge GP, LLC, a private investment partnership. KCM Investment Advisors serves high-net-worth individuals, retirees, and institutional clients by providing discretionary portfolio management and integrated financial planning. The firm offers customized portfolio solutions that combine equities, exchange-traded funds, and investment-grade fixed income, utilizing fundamental and quantitative analysis to guide asset allocation and trading strategies.
Michelle D
Series 63, Series 65, Series 66
Greenbrae, CA
KCM Investment Advisors
Michelle Durgy is a financial advisor at KCM Investment Advisors with 11 years of industry experience. She holds Series 63, Series 65, and Series 66 licenses. Prior to joining KCM in 2017, she worked for City/County San Francisco and Fieldman, Rolapp Financial Services, LLC. KCM Investment Advisors serves a diverse client base including high-net-worth individuals, retirees, corporate pensions, foundations, and endowments. The firm offers discretionary portfolio management and integrated financial planning, using customized allocations and a combination of fundamental, quantitative, and macro/cyclical analysis.
Honna L
CFP®, Series 63, Series 66
Greenbrae, CA
KCM Investment Advisors
Honna Li is a Certified Financial Planner® with 27 years of industry experience, currently serving as an advisor at KCM Investment Advisors since 2022. Prior to joining KCM, she worked at Charles Schwab Bank and Charles Schwab & Co., Inc. from 2008 to 2021. Outside of her advisory role, she has involvement in real estate property management. KCM Investment Advisors serves high-net-worth individuals, retirees, and institutional clients by offering discretionary portfolio management and integrated financial planning. The firm employs customized portfolio solutions with a mix of equities, ETFs, and fixed income, utilizing fundamental and quantitative analysis to guide asset allocation and trading strategies.
John P
Series 63, Series 65
Greenbrae, CA
KCM Investment Advisors
John Pogue is a financial advisor with KCM Investment Advisors, holding Series 63 and Series 65 licenses and six years of industry experience. He has been with KCM Investment Advisors since 2003. KCM Investment Advisors serves high-net-worth individuals, retirees, and institutional clients including pension plans, foundations, and endowments, offering discretionary portfolio management and integrated financial planning. The firm provides customized portfolio solutions combining equities, ETFs, and investment-grade fixed income, with a focus on tailored asset allocation, rebalancing, and a mix of long-term and trading strategies supported by fundamental and quantitative analysis.
Raymond R
Series 63
Greenbrae, CA
KCM Investment Advisors
Raymond Randolph is a financial advisor at KCM Investment Advisors with 12 years of industry experience. He holds a Series 63 designation and has been with KCM Investment Advisors since 2005. KCM Investment Advisors serves high-net-worth individuals, retirees, and institutional clients by providing discretionary portfolio management and integrated financial planning. The firm offers customized portfolio solutions combining equities, ETFs, and investment-grade fixed income, utilizing fundamental and quantitative analysis to guide asset allocation and trading strategies.
Donald J
Series 63, Series 65
Greenbrae, CA
KCM Investment Advisors
Donald Jesberg is a financial advisor with KCM Investment Advisors in Greenbrae, CA, holding Series 63 and Series 65 credentials and having nine years of industry experience. He has been with KCM Investment Advisors since 2006. Jesberg serves as CFO of EJ Interior Design and is a board member of The Belvedere Cove Foundation, which provides financial support to sailors. KCM Investment Advisors manages discretionary portfolios and financial planning for individual and institutional clients, including high-net-worth individuals and corporate pensions. The firm uses customized allocations in equities, ETFs, and bonds based on fundamental, quantitative, and macro/cyclical analysis and manages approximately $6.0 billion in assets for about 1,500 clients through a small advisory team and strategic outsourcing.
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