KLCM Advisors provides portfolio management for individuals and small businesses and portfolio management for institutions.
KLCM Advisors reports 637 clients. They include 397 high-net-worth individuals, 228 individual clients, and 7 corporations and other businesses. Of its assets, 100.0% ($1.88B across 637 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 36% | 6% |
| High-net-worth individuals | 62% | 88% |
| Pension and profit-sharing plans | <1% | <1% |
| Charitable organizations | <1% | <1% |
| Corporations and other businesses | 1% | 4% |
| Other client typesOther | <1% | 1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 228 | $121M | 6.4% | $530K |
| High-net-worth individuals | 397 | $1.66B | 88.3% | $4.17M |
| Pension and profit-sharing plans | Fewer than 5 | $2.57M | 0.1% | $1.28M |
| Charitable organizations | Fewer than 5 | $938K | 0.0% | $938K |
| Corporations and other businesses | 7 | $74.3M | 4.0% | $10.6M |
| Other | Fewer than 5 | $21.7M | 1.2% | $10.8M |
| Total | 637 | $1.88B | 100% | — |
- Clients
- 228
- Regulatory AUM
- $121M
- AUM share
- 6.4%
- Avg. per client
- $530K
- Clients
- 397
- Regulatory AUM
- $1.66B
- AUM share
- 88.3%
- Avg. per client
- $4.17M
- Clients
- Fewer than 5
- Regulatory AUM
- $2.57M
- AUM share
- 0.1%
- Avg. per client
- $1.28M
- Clients
- Fewer than 5
- Regulatory AUM
- $938K
- AUM share
- 0.0%
- Avg. per client
- $938K
- Clients
- 7
- Regulatory AUM
- $74.3M
- AUM share
- 4.0%
- Avg. per client
- $10.6M
- Clients
- Fewer than 5
- Regulatory AUM
- $21.7M
- AUM share
- 1.2%
- Avg. per client
- $10.8M
Total
- Clients
- 637
- Regulatory AUM
- $1.88B
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 0
KLCM Advisors charges 0.60%–1.00% a year for its Management fees. The fee is billed in arrears and is negotiable.
Fee details and sources
James Kitzinger owns 25% to 50% of KLCM Advisors. The leadership team of KLCM Advisors includes President Carl Fuda and Chief Compliance Officer Mark Sailer. It has 11 employees, 5 of them in advisory roles.
Leadership
- Carl FudaVice President
- James KitzingerPresident
- Mark SailerChief Compliance Officer
- Neal ColemanPartner
- Katherine Licau GiffordPartner
- Jack KitzingerPartner
Investment adviser representatives
5 representatives listed in the SEC register as of 9 October 2026.
- Neal Patrick Coleman
- Carl Joseph Fuda
- James Brian Kitzinger
- Katherine Rose Licau Gifford
- Mark Anthony Sailer
Staff
- 11 employees
- 5 in advisory functions
- 2 state-registered reps
- 1 soliciting firm
- Owns 25% to 50% of KLCM Advisors, Inc.
James Kitzinger
Control person · since April 1993
- Owns 25% to 50% of KLCM Advisors, Inc.
Jack Kitzinger
Control person · since January 2025
- Owns 10% to 25% of KLCM Advisors, Inc.
Katherine Licau Gifford
Control person · since July 2014
- Owns 10% to 25% of KLCM Advisors, Inc.
Mark Sailer
Control person · since March 2018
- Owns 5% to 10% of KLCM Advisors, Inc.
Carl Fuda
Control person · since August 2016
KLCM Advisors’ regulatory assets grew 2.2× from $858M (June 2021) to $1.88B (March 2026); clients rose from 438 to 637 and employees from 9 to 11.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $1.88B | 637 | 11 | 1 |
| March 2025 | $1.46B | 623 | 12 | 1 |
| March 2024 | $1.25B | 605 | 11 | 1 |
| March 2023 | $974M | 534 | 11 | 1 |
| April 2022 | $923M | 459 | 11 | 1 |
| June 2021 | $858M | 438 | 9 | 1 |
Besides its headquarters, KLCM Advisors has 0 offices, with 1 listed address in Wisconsin.
Wisconsin · 1 listed address
- 330 E Kilbourn Avenue, Suite 1050, MilwaukeeHQ
Contact and registration details
- Legal name
- KLCM Advisors, Inc.
- Headquarters
- 330 E Kilbourn Avenue, Suite 1050, Milwaukee, WI 53202-6615
- Website
- klcminc.com
- Phone
- 414-765-1234
- @klcm-advisors-inc
- SEC file
- 801-43503
- Founded
- 1993
- Structure
- Wisconsin corporation
- Fiscal year end
- December
KLCM Advisors uses Charles Schwab ($1.83B) as custodian for its separately managed accounts. KLCM Advisors has custody of client assets.
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $1.83B100%
At year end, KLCM Advisors’ separately managed accounts were mostly in stocks (58%) and bonds (25%). Its reported 13F holdings for the quarter ended 30 June 2026 total $1.27B across 299 positions; the largest are Nvidia Corporation (22.4%), Apple Inc. (6.3%) and Ati Inc. (3.2%).
What the accounts hold
- Stocks58%
- Funds8%
- Bonds25%
- Investment grade corporate bonds18%
- High-yield corporate bonds6%
- U.S. government and agency bonds1%
- Cash9%
Reported 13F holdings
- $1.27B
- Reported 13F value
- 299
- Positions
- 46.9%
- In the 10 largest
- +7.1%
- Value vs. prior quarter
- Nvidia Corporation22.4%
- Apple Inc.6.3%
- Ati Inc.3.2%
- Citigroup Inc.2.7%
- Boeing CO2.6%
- Manpowergroup Inc. Wis2.3%
- Builders Firstsource Inc.2.1%
- Marcus Corp. Del1.8%
- United Parcel Svcs Inc. · CL B1.8%
- Qualcomm Inc.1.7%
Together, the ten largest are 46.9% of reported value.
How many clients does KLCM Advisors have?
KLCM Advisors has 637 clients and manages $1.88 billion for them, as of March 2026. They include 397 high-net-worth individuals, 228 individual clients, and 7 corporations and other businesses.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 10 March 2026
What services does KLCM Advisors offer?
KLCM Advisors provides portfolio management for individuals and small businesses and portfolio management for institutions.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does KLCM Advisors charge?
KLCM Advisors charges 0.60%–1.00% a year for its Management fees. The fee is billed in arrears and is negotiable.
Which custodians does KLCM Advisors use?
KLCM Advisors’ separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $1.83B. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 10 March 2026
How many financial advisors does KLCM Advisors have?
KLCM Advisors has 2 investment adviser representatives registered with state securities authorities, out of 11 employees, and 5 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does KLCM Advisors invest in?
At the end of its last fiscal year, KLCM Advisors’ separately managed accounts held 58% exchange-traded equities, 18% investment grade corporate bonds, 9% cash and equivalents, 8% registered funds (mutual funds, ETFs, BDCs), 6% high-yield corporate bonds and 1% U.S. government and agency bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns KLCM Advisors?
KLCM Advisors’ direct owners are James Kitzinger, Carl Fuda, Katherine Licau Gifford, Mark Sailer and Jack Kitzinger, each holding 50% or less.
Source: Form ADV Part 1A, Schedules A and B, filed 10 March 2026
How does KLCM Advisors get paid?
KLCM Advisors is paid through a percentage of assets under management and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
Is KLCM Advisors registered with the SEC?
Yes, KLCM Advisors has been registered with the SEC as an investment adviser since 11 March 1993. Its CRD number is 107847 and its SEC file number is 801-43503.
Source: Form ADV Part 1A, Item 1, filed 10 March 2026; IAPD firm record
How do I contact KLCM Advisors?
KLCM Advisors’ main office is at 330 E Kilbourn Avenue, Suite 1050, Milwaukee, WI 53202-6615. Its phone number is 414-765-1234. Its website is klcminc.com.