Outfitters Financial provides portfolio management for individuals and small businesses, portfolio management for institutions, and selecting other managers.
Outfitters Financial reports 64 clients. They include 35 individual clients, 23 high-net-worth individuals and 3 charitable organizations. Of its assets, 100.0% ($158M across 64 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 55% | 7% |
| High-net-worth individuals | 36% | 79% |
| Charitable organizations | 5% | 3% |
| Corporations and other businesses | 5% | 11% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 35 | $10.5M | 6.6% | $299K |
| High-net-worth individuals | 23 | $125M | 79.3% | $5.44M |
| Charitable organizations | Fewer than 5 | $5.49M | 3.5% | $1.83M |
| Corporations and other businesses | Fewer than 5 | $16.7M | 10.6% | $5.56M |
| Total | 64 | $158M | 100% | — |
- Clients
- 35
- Regulatory AUM
- $10.5M
- AUM share
- 6.6%
- Avg. per client
- $299K
- Clients
- 23
- Regulatory AUM
- $125M
- AUM share
- 79.3%
- Avg. per client
- $5.44M
- Clients
- Fewer than 5
- Regulatory AUM
- $5.49M
- AUM share
- 3.5%
- Avg. per client
- $1.83M
- Clients
- Fewer than 5
- Regulatory AUM
- $16.7M
- AUM share
- 10.6%
- Avg. per client
- $5.56M
Total
- Clients
- 64
- Regulatory AUM
- $158M
- 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
Outfitters Financial is paid through a percentage of assets under management. The reviewed brochures do not disclose an asset-based fee rate. Read the SEC-filed brochure.
David Kenkel owns 75% or more of Outfitters Financial. The leadership team of Outfitters Financial includes Chief Compliance Officer Bryant Boston. It has 4 employees, 1 of them in advisory roles.
Staff
- 4 employees
- 1 in advisory functions
- 1 state-registered rep
- Owns 75% or more of Outfitters Financial LLC
David Kenkel
Control person · since November 2017
Outfitters Financial’s regulatory assets grew from $141M (March 2021) to $158M (March 2026); clients fell from 81 to 64 and employees rose from 3 to 4.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Mar 2026March 2026 | $158M | 64 | 4 | 2 |
| Jun 2025June 2025 | $157M | 69 | 3 | 2 |
| May 2024May 2024 | $146M | 90 | 4 | 2 |
| Mar 2023March 2023 | $139M | 85 | 3 | 2 |
| Apr 2022April 2022 | $170M | 86 | 4 | 2 |
| Mar 2021March 2021 | $141M | 81 | 3 | 1 |
Besides its headquarters, Outfitters Financial has 1 office, with 2 listed addresses across 2 states.
Maine · 1 listed address
- 14 Maine St, Suite 406, BrunswickHQ
Montana · 1 listed address
- 241 East Alder, Missoula
Contact and registration details
- Legal name
- Outfitters Financial LLC
- Headquarters
- 14 Maine St, Suite 406, Brunswick, ME 04011
- Website
- Not reported
- Phone
- 978-865-3787
- SEC file
- 801-112316
- Structure
- Maine LLC
- Fiscal year end
- December
Outfitters Financial’s named custodian for separately managed accounts is RBC Capital Markets ($158M). Outfitters Financial does not have custody of client assets.
- RBC Capital MarketsRBC Capital Markets, LLC · New York, NY · $158M100%
At year end, Outfitters Financial’s separately managed accounts were mostly in stocks (71%) and funds (12%). Its reported 13F holdings for the quarter ended 30 June 2026 total $143M across 80 positions; the largest are Applied Matls Inc. (7.0%), Enterprise Prods Partners L (5.2%) and Nvent Elec PLC (4.1%).
What the accounts hold
- Stocks71%
- Funds12%
- Bonds12%
- Investment grade corporate bonds7%
- U.S. government and agency bonds3%
- State and local bonds1%
- High-yield corporate bonds1%
- Cash5%
How many clients does Outfitters Financial have?
Outfitters Financial has 64 clients and manages $158 million for them, as of March 2026. They include 35 individual clients, 23 high-net-worth individuals and 3 charitable organizations.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 24 March 2026
What services does Outfitters Financial offer?
Outfitters Financial provides portfolio management for individuals and small businesses, portfolio management for institutions, and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Outfitters Financial use?
Outfitters Financial’s separately managed account assets are held at RBC Capital Markets, LLC (New York, NY), with $158M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 24 March 2026
How many financial advisors does Outfitters Financial have?
Outfitters Financial has 1 investment adviser representative registered with state securities authorities, out of 4 employees, and 1 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 Outfitters Financial invest in?
At the end of its last fiscal year, Outfitters Financial’s separately managed accounts held 71% exchange-traded equities, 12% registered funds (mutual funds, ETFs, BDCs), 7% investment grade corporate bonds, 5% cash and equivalents, 3% U.S. government and agency bonds, 1% state and local bonds and 1% high-yield corporate bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Outfitters Financial?
Outfitters Financial’s direct owner is David Kenkel (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 24 March 2026
How does Outfitters Financial get paid?
Outfitters Financial is paid through a percentage of assets under management. 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 Outfitters Financial?
Outfitters Financial’s main office is at 14 Maine St, Suite 406, Brunswick, ME 04011. Its phone number is 978-865-3787.