Anchor Wealth Advisor

Anchor Wealth Advisor (KPA, LLC) provides discretionary asset management and may recommend SEC‑ or state‑registered third‑party managers to individuals and high‑net‑worth clients. The firm manages roughly $23.7 million across a small number of client accounts and offers ongoing portfolio monitoring, investment selection, and TPM liaison services.

The firm’s investment approach is discretionary and grounded in fundamental analysis, with strategies that can include long‑ and short‑term positions, periodic rebalancing, and tax‑loss harvesting; account reviews are performed at least quarterly. The brochure also discloses that the firm may place client assets in alternative investments (including private placements and structured notes) and can employ borrowing in separately managed accounts, and it monitors TPM performance when such managers are used.

Noteworthy features include a concentrated client base paired with fee‑sharing arrangements when clients are placed with third‑party managers, where the firm acts as an ongoing liaison and receives a portion of TPM fees — a practice the brochure discloses as a potential conflict. The firm’s principal holds the CFA charter, the adviser is deemed to have limited custody because advisory fees may be directly debited and standing letters of authorization are used, and the firm does not routinely vote client proxies.