iq business

CRS Disclosure


2022/08/30

I. Introduction

Kalenjin Advisory Ltd. is an offshore SEC/FINRA-exempt Investment Advisor. We offer investment advisory services, as distinct from a brokerage. Brokerages provide stock market execution – the buying and selling of securities – whereas investment advisors offer services of investment advice and possibly investment portfolio management,with fees charged on assets managed. It is important for retail investor to be aware that an investment advisor will incur brokerage fees for clients on top the advisors own fees.

More details and free tools can be found at www.Investor.gov/CRS


II. Relationships and Services

A.
What investment services and advice can you provide me?
Kalenjin Advisory provides ETF portfolio management services. We invest in portfolios of ETFs on behalf of clients to help them meet their investment goals.
We charge fees base on a percentage of assets under management, ranging from 1% to 0.5%, calculated daily.
B.
Description of Services
- We offer discretionary ETF portfolio management services. We monitor portfolios on a continuous basis, and typically (but not always) reweight on a monthly basis.
- We offer services for discretionary and non-discretionary accounts. In the case of non-discretionary services, it is you, the client and investor, who makes the decisions regarding the purchase and sale of securities.
- If you would like to discuss the option of non-discretionary portfolios, please contact us at This email address is being protected from spambots. You need JavaScript enabled to view it.
- We limit our investment advice and discretionary portfolios to Exchange Traded Funds ETFs only.
- The minimum amount to open an account with us is $100,000.

C. Additional Information

Conversation Starter

Some questions to ask a potential advisor include:
1) “Given my financial situation, should I choose an investment advisory service? Why or why not?”;
2) “How will you choose investments to recommend to me?”;
3) “What is your relevant experience, including your licenses,education and other qualifications? What do these qualifications mean?”

III. Fees, Costs, Conflicts, and Standard of Conduct

A.
What Fees Will I Pay?
The amount paid to our firm and your financial professional generally does not vary based on the type of investments we select on your behalf. We charge 1.0%-0.5% on assets managed by us, on a sliding scale. The greater the total assets held with us, the lower the
average fees, but greater total fees.

You will pay fees and costs whether you make or lose money on your investments. Fees and costs will reduce any amount of money you make on your investments over time. Please make sure you understand what fees and costs you are paying.

- Our investments – Exchange Traded Funds – impose their own charges on investors, which are deducted from the ETF’s daily Net Asset Value NAV.

- Our executing broker – Interactive Brokers – also charges a minimum of $10/month in fees, and transactions fees for the buying and selling of securities.

- The more assets you have in the advisory account, including cash, the more you will pay us. We therefore have an incentive to increase the assets in your account in order to increase our fees. You pay our fee daily even if you do not buy or sell.

Conversation Starter
“Help me understand how these fees and costs might affect my investments. If I give you $10,000 to invest, how much will go to fees and costs, and how much will be invested for me?”

B. What are your legal obligations to me when acting as my investment adviser? How else does your firm make money and what conflicts of interest do you have?

Standard of Conduct: When we act as your investment adviser, we must act in your best interest and not put our interests ahead of yours. At the same time, the way we make money creates some conflicts with your interests. You should understand and ask us about these conflicts because they can affect the investment advice we provide you. Here are some examples to help you understand what this means.

Conversation Starter
“How might your conflicts of interest affect me, and how will you interests. You should understand and ask us about these conflicts because they can affect the investment advice we provide you. Here are some examples to help you understand what this means.”

C. “How do your financial professionals make money?”
Kalenjin Advisory makes money by charging fees on the assets you place with us.

IV. Disciplinary History
Do you or your financial professionals have legal or disciplinary history?
No. Please go to www.Investor.gov/CRS for more information.

Conversation Starter
“As a financial professional, do you have any disciplinary history? For what type of conduct?”

V. Additional Information

We encourage you to seek out additional information about our firm and principals. Visit Investor.gov for a free and simple search tool to research our firm and our financial professionals. To report a problem to the SEC, visit Investor.gov or call the SEC’s toll-free investor assistance line at (800) 732-0330. If you have a problem with your investments, investment account or a financial professional, contact us in writing at 128-2255B Queen Street East, Toronto ON M4E 1G3, Canada.

For additional information on your investment advisory services, see our Form ADV brochure on IAPD on Investor.gov and adviserinfo.sec.gov.

Conversation Starter
“Who is my primary contact person? Is he or she a representative of an investment adviser or a broker-dealer? Who can I talk to if I have concerns about how this person is treating me?”
Please contact Kalenjin Advisory Principal M. Walsh McGuire This email address is being protected from spambots. You need JavaScript enabled to view it. +1-702-920-8523 for additional information about Kalenjin or Interactive Brokers.



Trading Systems Development

Think you see a pattern in the market, and want to test it against history to see if its real? Here are a few places to try it out.

Zignals

A web based platform for testing and buying systems. No programming needed. It has an intuitive drag and drop GUI which allows you to build detailed rule hierarchies.

Ninja Trader

The gold standard for systems traders. This stand alone module sells for $995, and has auto-execution features built into it. You can create various systems, and paper trade them on any number of brokers before letting the system go live on markets.


Trade Station

The best of both worlds - an intuitive coding and testing environment, on the platform of a broker. Lots of 3rd party service providers. Now that TD has absorbed ThinkorSwim, this space - one stop shopping for systems traders - has gone mainstream and will become much more competitive.

 

 










 

 

News Outlets

News has become entertainment for the most part, charting ever up and down tick of the marekts. There are a few credible outlets remaining.

The Financial Times

A superior stable of editors ensures that the quality of reporting at the FT is superior to almost anything else out there. Extremely detailed specialist sections covering the latest areas of global concern (Europe, Exchanges, etc.)

Bloomberg

If you are a market professional, you have a Bloomberg terminal. Bloomberg stories and information are the lingua franca of markets now, for better or worse. Bloomberg reporters make use of the superior analytics of the Bloomberg machine, enabling useful insights into market movements.



There are hundreds of financial blogs, with a wide range of opinions and focus. Here are a few I find useful

Calculated Risk - lots of charts, lots of information. Extremely useful disection of US government figures.
The Big Picture- Good, no nonsense easy to read commentary on the current state of the market
Naked Capitalism - More European commentary, and more lengthy, thoughtful posts.










Research

There are numerous websites offering mechanical/systemtized investment resereach. Here are a few we like:

Trefis

The most detail of any of the sites we have seen. Interested in seeing how cloud hosting will impact Amazon's bottom line in a number of scenarios? This is the place to play around with that.

Turnkey Analyst

More focused on searches and filters, but still very useful. A site that is in its early stages of development and promotion


Magic Formula Investing

The numbers behind the idea's in Joel Greenblatt's excellent book, "The Little Book that Beats the Market". Sign up, select a market cap range, and it spits out a portfolio of stocks that would pass Greenblatt's criteria. An excellent way to quickly filter through the market for a universe of solid companies worth holding.

ETF Database

If you invest in ETFs, you need to read this website. Whether your question is, "What About Leveraged ETFs" or if you are looking for a model ETF portfolio to mimic a certain style, they have the resources.

 

 










 

 

Market Data

We are drowning in data now. Here are a few sources of data that we find most useful.

Fin Viz


Lots of cool heatmaps and charts. Simple stock screens and filters, using fundamental and techinical indicators.

YCharts


Deep price history and fundamental databases. Much of it can feed into

Kinetick


Raw data, and lots of it. End of day pricing is free. They also have hundreds of other market metrics relating to exhcnage volumes, options and futures, etc.