KLCM Advisors, Inc.

KLCM Advisors, Inc. provides discretionary portfolio management to high‑net‑worth individuals, pension and profit‑sharing plans, trusts, estates, charitable organizations, and corporate clients. The firm manages separate accounts across value equity, balanced (value equity and fixed income), and fixed income strategies, generally using a $500,000 minimum with exceptions and stating it does not incorporate ESG criteria.

The firm emphasizes fundamental, value‑oriented equity research—focusing on cash flow, enterprise value, valuation, and identifying catalysts over a two‑ to three‑year horizon—and applies traditional credit analysis for fixed income. KLCM discloses the use of derivatives in some separately managed accounts (including covered‑call writing and other options strategies), calculates investment performance using custodian or independent pricing sources, and provides quarterly written investment reviews.

KLCM manages roughly $1.9 billion in discretionary assets with a small advisory team, producing a relatively high AUM per advisor compared with many peer team firms. The firm also relies on soft‑dollar research arrangements and participation in Schwab referral/support programs and discloses practices around trade execution and performance reporting—practices such as routinely using derivatives in SMAs and publicly reporting performance that are less common among similar firms.