Keating Investment Counselors, Inc. (“KICI”) is an SEC-registered investment adviser, registered with
the Securities and Exchange Commission under the Investment Advisers Act of 1940, as amended. KICI
has been providing investment advisory services since 1983 and is based in Delray Beach, Florida.
Listed below is the firm's principal shareholder (i.e., those individuals and/or entities controlling 25% or
more of this company). For information on the ownership structure, please refer to Form ADV Part 1
on the IARD website.
Richard T. Keating, CFA - 100% Owner of Keating Investment Counselors, Inc.
KICI offers the following investment advisory services, customized for each individual client:
· Portfolio Management Services
· Advisory Consulting Services
The following paragraphs describe our services and fees. Please refer to the description of each service
for information on how we customize our advisory services to meet your individual needs. In this
brochure, the words “we,” “our,” and “us” refer to Keating Investment Counselors, Inc., and the words
“you,” “your,” and “client” refer to you as either a client or as a prospective client. Additionally, the term
“Associated Person” refers to our firm’s officers, employees, and all individuals providing investment
advice on behalf of our firm.
Keating Active ETF
Keating Investment Counselors serves as a sub adviser to the Keating Active ETF. This includes
providing trade direction/signals, marketing, and distributing the ETF. Richard Keating and Pablo
Cavanagh are co-managers of the Keating Active ETF. The ETF is managed under the EA Series Trust
operated by ETF Architect. Further, ETF Architect provides trading, execution, and various other
administrative services. These include implementing and testing procedures for the ETF including
compliance (example ensuring the ETF meets diversification requirements), operational (example
exchange listing), cybersecurity, portfolio risk management, and anti-money laundering related to
transactions with Authorized Participants.
INVESTMENT SUPERVISORY SERVICES
("ISS") INDIVIDUAL PORTFOLIO
MANAGEMENT
Keating Investment Counselors provides continuous portfolio management services with investment
advice custom tailored to meet the needs and investment objectives of the client. We offer investment
advisory services on both a discretionary and non-discretionary basis. Services offered on a
discretionary basis mean you will provide us with written authority to trade your account without
contacting you before making investments.
Services offered on a non-discretionary basis require us to
obtain your approval before executing our recommendations, and you make the ultimate decision
regarding the purchase or sale of investments. Once the portfolio is constructed, Keating provides
continuous supervision and rebalancing of the portfolio considering changes in market conditions and
client circumstances as needed.
Through personal discussions in which goals and objectives based on a client's particular circumstances
are established, we develop a client's documented investment policy and create and manage a portfolio
based on that policy. During our data-gathering process, we determine the client’s individual goals, time
horizons, risk tolerance, tax considerations, and liquidity needs. As appropriate, we also review and
discuss a client's investment history, as well as family composition and background.
We manage these advisory accounts on a discretionary basis. Account supervision is guided by the
client's stated objectives (i.e., maximum capital appreciation, growth, income, or growth and income), as
well as tax considerations. Our investment recommendations are not limited to any specific product or
service offered by a broker-dealer or insurance company and will generally include advice regarding the
following securities:
1. Exchange-listed securities
2. Securities traded over the counter
3. Corporate debt securities (other than commercial paper)
4. Commercial paper
5. Certificates of deposit
6. Municipal securities
7. Mutual fund shares
8. United States governmental securities
9. Warrants
Additionally, KICI reserves the right to advise clients on any other type of investment that it deems
appropriate based on the client’s stated investment goals and objectives. KICI can also provide advice
on any type of investment held in a client’s portfolio at the inception of the advisory relationship or on
any investment for which the client requests advice.
Because some types of investments involve certain additional degrees of risk, they will only be
implemented/recommended when consistent with the client's stated investment objectives, tolerance for
risk, liquidity, and suitability. Please refer to more detail on risk in Item 8 of this brochure.
ASSETS UNDER MANAGEMENT
As of 12/31/2023, KICI managed $ 353,140,545 Assets under Management on a discretionary basis and
$4,324,866 Assets under Management on a non-discretionary basis.
The Total Assets under Management as of 12/31/2023 are $357,465,411
The Total Assets under Advisement as of 12/31/2023 are $6,743,207.