KPP Advisory Services provides financial planning, portfolio management for individuals and small businesses, pension consulting, selecting other managers, and educational seminars. Financial planning was provided to 251–500 clients last fiscal year.
KPP Advisory Services reports 3,995 clients. They include 3,677 individual clients and 318 high-net-worth individuals. Of its assets, 98.2% ($1.22B across 3,932 accounts) are managed with discretion; $22.1M across 63 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 92% | 59% |
| High-net-worth individuals | 8% | 41% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 3,677 | $729M | 58.8% | $198K |
| High-net-worth individuals | 318 | $512M | 41.2% | $1.61M |
| Total | 3,995 | $1.24B | 100% | $311K |
- Clients
- 3,677
- Regulatory AUM
- $729M
- AUM share
- 58.8%
- Avg. per client
- $198K
- Clients
- 318
- Regulatory AUM
- $512M
- AUM share
- 41.2%
- Avg. per client
- $1.61M
Total
- Clients
- 3,995
- Regulatory AUM
- $1.24B
- AUM share
- 100%
- Avg. per client
- $311K
- 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
- 251–500
KPP Advisory Services is paid through a percentage of assets under management, hourly charges and fixed fees (other than subscription fees). The reviewed brochures do not disclose an asset-based fee rate. Read the SEC-filed brochure. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Financial Planning Services
- Hourly rate of $200 to $300, or a fixed fee typically $1,000 to $10,000; the hourly and fixed fee rates are negotiable.
Robert Davenport owns 50% to 75% of KPP Advisory Services. The leadership team of KPP Advisory Services includes Chief Compliance Officer Robert Davenport. It has 37 employees, 26 of them in advisory roles.
Staff
- 37 employees
- 26 in advisory functions
- 26 state-registered reps
- 26 broker-dealer reps
- 26 insurance agents
- Owns 50% to 75% of KPP Advisory Services LLC
Robert Davenport
Control person · since May 2005
- Owns 50% to 75% of KPP Advisory Services LLC
Kenneth O'Neil
Control person · since October 2005
KPP Advisory Services’ regulatory assets grew 2.9× from $434M (May 2021) to $1.24B (May 2026); clients rose from 1,573 to 3,995 and employees from 22 to 37.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| May 2026May 2026 | $1.24B | 3,995 | 37 | 14 |
| Jun 2025June 2025 | $874M | 3,405 | 35 | 14 |
| Jun 2024June 2024 | $881M | 3,871 | 33 | 14 |
| Mar 2023March 2023 | $1.48B | 2,744 | 31 | 13 |
| Jun 2022June 2022 | $934M | 2,168 | 32 | 7 |
| May 2021May 2021 | $434M | 1,573 | 22 | 3 |
Besides its headquarters, KPP Advisory Services has 13 offices (7 private residences, listed without an address), with 7 listed addresses across 3 states.
Kentucky · 4 listed addresses
- 9300 Shelbyville RD., Suite 1310, LouisvilleHQ
- 406 E. MT Vernon Street, Somerset
- 2501 Crossings BLVD, Suite 255, Bowling Green
- 1030 Monarch St. Ste. 350, Lexington
Tennessee · 2 listed addresses
- 1202 Madison St, Clarksville
- 174 Saudersville RD. Suite 502, Hendersonville
Indiana · 1 listed address
- 1010 Lincoln Ave, Evansville
Other business names
KPP Advisory Services has reported 3 other business names to the SEC.
- Dowdy Roy Financial
- Money411
- Roi Financial
Contact and registration details
- Legal name
- KPP Advisory Services LLC
- Headquarters
- 9300 Shelbyville RD., Suite 1310, Louisville, KY 40222
- Website
- kpp-lpl.com
- Phone
- 502-394-0400
- SEC file
- 801-111709
- Structure
- Kentucky LLC
- Fiscal year end
- December
KPP Advisory Services’ named custodian for separately managed accounts is LPL Financial ($1.09B). KPP Advisory Services has custody of $37.7M for 766 clients.
- LPL FinancialLPL Financial LLC · Fort Mill, SC · $1.09B100%
At year end, KPP Advisory Services’ separately managed accounts were largely in stocks (46%) and funds (32%). Its reported 13F holdings for the quarter ended 30 June 2026 total $791M across 362 positions; the largest are Invesco Exch Traded FD TR II (5.8%), Invesco Qqq TR (3.1%) and Vanguard Index Fds (2.9%).
What the accounts hold
- Stocks46%
- Funds32%
- Bonds15%
- U.S. government and agency bonds10%
- State and local bonds5%
- Cash3%
Filed values cover 96%. The neutral 4% gap has no reported category.
How many clients does KPP Advisory Services have?
KPP Advisory Services has 3,995 clients and manages $1.24 billion for them, as of May 2026. They include 3,677 individual clients and 318 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 28 May 2026
What services does KPP Advisory Services offer?
KPP Advisory Services provides financial planning, portfolio management for individuals and small businesses, pension consulting, selecting other managers, and educational seminars.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does KPP Advisory Services use?
KPP Advisory Services’ separately managed account assets are held at LPL Financial LLC (Fort Mill, SC), with $1.09B. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 28 May 2026
How many financial advisors does KPP Advisory Services have?
KPP Advisory Services has 26 investment adviser representatives registered with state securities authorities, out of 37 employees, and 26 perform investment advisory functions. 26 employees are registered representatives of a broker-dealer and 26 employees are 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 KPP Advisory Services invest in?
At the end of its last fiscal year, KPP Advisory Services’ separately managed accounts held 46% exchange-traded equities, 32% registered funds (mutual funds, ETFs, BDCs), 10% U.S. government and agency bonds, 5% state and local bonds and 3% cash and equivalents.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns KPP Advisory Services?
KPP Advisory Services’ direct owners are Robert Davenport (50% to 75%) and Kenneth O'Neil (50% to 75%).
Source: Form ADV Part 1A, Schedules A and B, filed 28 May 2026
How does KPP Advisory Services get paid?
KPP Advisory Services is paid through a percentage of assets under management, hourly charges 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
How do I contact KPP Advisory Services?
KPP Advisory Services’ main office is at 9300 Shelbyville RD., Suite 1310, Louisville, KY 40222. Its phone number is 502-394-0400. Its website is kpp-lpl.com.