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  • Important Disclosures
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  • Home
  • About us
  • Expertise
  • Team
  • Philosophy
  • Commentary
  • Contact
  • Important Disclosures
    • Striking the Right Balance

    • An Integrative Approach

      Combining quantitative analysis with common sense investment experience

    • Our Ultimate Goal is to Exceed our Clients’ Expectations

      We Set High Personal and Company Standards and Aspire to be The Best at What We Do

  • About us

  • KCM is an independent Registered Investment Advisor with the Securities and Exchange Commission (SEC) under Section 203(c) of the Investment Advisors Act of 1940. KCM is unwavering in its commitment to adhering to our core competency, offering Equity and Fixed Income investment management for families, trusts, endowments and institutions. KCM Portfolio Managers have eighteen to thirty plus years of experience.

    KCM utilizes a customized approach to establish proper asset allocation to meet the specific needs and risk tolerance of each client.

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  • Expertise

    • Common Stock

      Our objective is to maximize total return while concentrating on quality securities with proper diversification.

    • Fixed Income

      Select Fixed Income securities with an eye to generate a tax efficient income stream that is tailored to a client’s specific needs.

    • Balanced Account

      Our objective is to maximize total return while adhering to a portfolio balanced between quality stocks and bonds.

    • Preferred Stock

      Our objective is to provide a high level of current income by constructing a highly diversified portfolio of Preferred Stocks.

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  • Meet our team

    • Jay A.
      Jay A. Kellett
      Founder, CEO & CIO
    • John C.
      John C. Pogue
      President and Senior Portfolio Manager
    • John A.
      John A. Lundin
      Partner and Senior Portfolio Manager

  • View all the team members
    • 230

      Years of Combined Experience

    • $
      5

      Billion Under Management

    • 26

      Years as Investment Advisors

  • Philosophy

    KCM believes in the long-term potential of the stock and bond markets to achieve financial wealth. KCM’s investment philosophy focuses on the importance of compounding growth. Our fundamental investment philosophy is supported by exclusive analytical tools and our portfolio managers’ cumulative years of industry experience. The needs and goals of high net worth individuals can be complex, KCM builds custom portfolios that address those needs and goals.

  • Commentary

    April 2022 KCM Commentary

    Posted in , on Apr 27th, 2022

    Whip Inflation Now!

    In 1974, then-President Gerald Ford pronounced inflation “public enemy number one.” We think it still is. The charts below illustrate the current economic cycle, how it started, where we are now, and where we are likely to go over the next two years. We see full employment, but rampant inflation is forcing the Federal Reserve to focus on stabilizing prices by embarking on a period of quantitative tightening, reducing its purchases of Treasury bonds and Mortgage-Backed securities, and raising short-term interest rates. The eventual result should “Whip Inflation,” slow economic growth and trim risk asset appreciation.

    In 1974, then-President Gerald Ford pronounced inflation “public enemy number one.” We think it still is. The charts below illustrate the current economic cycle, how it started, where we are now, and where we are likely to go over the next two years. We see full employment, but rampant inflation is forcing the Federal Reserve to focus on stabilizing prices by embarking on a period of quantitative tightening, reducing its purchases of Treasury bonds and Mortgage-Backed securities, and raising short-term interest rates. The eventual result should “Whip Inflation,” slow economic growth and trim risk asset appreciation.

    There is a correlation between the $5 trillion growth of the Federal Reserve’s balance sheet (see below) and inflation levels (see above) that we have not seen since the 1970’s. Raising interest rates and shrinking the size of the Fed’s balance sheet, should eventually shrink inflation to an acceptable level.

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  • Contact Us

  • If you would like to contact KCM Investment Advisors about our services, please fill out the following online form and a KCM Partner will contact you shortly. Alternatively, please call Raymond Randolph at the number below.

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  • To learn more about KCM please contact Raymond Randolph.

    • Greenbrae Office

      KCM Investment Advisors
      300 Drakes Landing Road, Suite 210
      Greenbrae, CA 94904
      Click to View Map

    • Phone No:

      (415) 461-7788
      (888) 287-5555

    • For all other Inquiries Contact

      Mary Coyne, Manager of Client Services
      Email : clientservice@kcmadvisors.com

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