9AT: KEMPNER CAPITAL MANAGEMENT, INC.

KEMPNER CAPITAL MANAGEMENT, INC.

other names

KEMPNER CAPITAL MANAGEMENT, INC.
KEMPNER CAPITAL MANAGEMENT INC
KEMPNER CAPITAL MANAGEMENT LTD.

Adviser Profile

Registration status

Terminated

As of Date	02/28/2026
ADV Location	GALVESTON, TX, United States
Adviser Type - Large advisory firm
Number of Employees	9
of those in investment advisory functions	2

AUM^*	218,299,193 12%
of that, discretionary	218,299,193 12%
Private Fund GAV^*	0 -100%
Avg Account Size	7,527,558 12%
% High Net Worth	62.07%
SMA’s	Yes
Private Funds	0 1
Contact Info	409 xxxxxxx
Websites

Client Types

- High net worth individuals
- Investment companies
- Pooled investment vehicles
- Charitable organizations
- Corporations or other businesses not listed above

Advisory Activities

- Portfolio management for individuals and/or small businesses
- Portfolio management for investment companies
- Portfolio management for pooled investment vehicles
- Portfolio management for businesses

Compensation Arrangments

- A percentage of assets under your management

Reported AUM

270M 231M 193M 154M 116M 77M 39M

2015 2016 2017 2018 2019 2020 2021 2022 2023

Discretionary

Non-discretionary

Private Funds

GAV Count

Employees

Brochure Summary

Overview

Advisory Firm Description Kempner Capital Management, Inc. (“KCM” or the “Firm”) has been in business since January 1982. The principal owner is Harris (“Shrub”) Leon Kempner, Jr. Types of Advisory Services KCM provides investment advice to clients in accordance with established investment guidelines and objectives. KCM requires a written investment advisory contract with every client and asks all clients to submit written investment objectives. When provided, those objectives are attached as an exhibit to the advisory agreement. In the absence of client/provided objectives, KCM attaches its own standard objectives. KCM manages discretionary client portfolios with minimal regard for such factors as the amount of a client’s other investments and the tax impact of an investment on the client. KCM has discretionary clients. Services to

these clients include:
• Supervision of the client’s portfolio assets committed to KCM
• Investment advice
• Execution of purchase and sale orders
• Regular reports on the administered portfolio KCM primarily manages equity portfolios using a value management style, but also gives fixed income advice to some clients. The fixed income portfolios generally consist of full faith and credit U. S. Government obligations. In addition, KCM offers its services to a publicly traded registered investment company, an open-end equity mutual fund (“Mutual Fund”). Tailored Advisory Services Discretionary clients may restrict KCM from purchasing or selling particular securities. Each client may change these restrictions at any time by notifying KCM staff. Client Assets Under Management As of December 31, 2022, the Firm had $180,045,338 of discretionary assets under management.