Kooman & Associates

Kooman & Associates serves individuals, high-net-worth clients, trusts, estates and employer-sponsored retirement plans, managing roughly $472 million for about 308 clients through a small advisory team. The firm offers discretionary portfolio management, standalone financial planning and consulting, and retirement plan consulting, including services delivered as an ERISA Section 3(21) or 3(38) advisor.

The firm implements client-specific asset allocations across individual equities, fixed income, mutual funds and ETFs, and may recommend allocations to unaffiliated independent managers while providing ongoing monitoring and periodic reviews. Its disclosures note use of certain fund platforms (including Dimensional Fund Advisors funds), a practice of treating cash as an asset class (with cash included in assets under management and fee calculations), and potential participation in unaffiliated wrap-fee programs for bundled execution, custody and reporting.

Compared with peers, the firm’s brochure identifies third‑party ratings in its materials and explicitly discloses recommending or participating in unaffiliated wrap-fee programs, both of which are relatively uncommon among similar team firms. Additional distinctive details in the brochure include the use of DFA funds (which carry purchase and portability limitations if a client changes advisers) and specific disclosure about cash sweep handling and its potential impact on client yields and fee incidence.