Kendall Capital

Brian Mattox, CFA, CAIA, serves as Chief Investment Officer and Vice President. He oversees a team that includes Vice Presidents and Portfolio Managers Jason Tkach, CFA, and Zemin Zhu, CFA, FRM. The team builds client portfolios from six internally managed investment strategies, tailoring allocations to each household's goals rather than applying a single model portfolio.

The firm is strictly fee-only. It charges a percentage of assets under management, typically 1% annually on the first $2 million, with fee rates declining at higher asset levels. The fee is billed quarterly and clearly stated on client statements. The firm receives no commissions, referral incentives, or product-based compensation from any external party.

Kendall Capital uses a mix of direct public-market securities and alternative investment vehicles. Its team holds the CAIA designation, which specializes in assessing alternatives such as hedge funds, venture capital, and private equity, suggesting the firm accesses these asset classes through fund structures or third-party managers rather than direct venture or private equity deals.

The firm targets a broad multi-asset approach for mass-affluent clients, spanning public equities, fixed income, and alternatives including hedge funds, venture capital, and private credit. Its goals-based process allocates across these classes according to each client's retirement, legacy, and liquidity needs rather than focusing on a specific investment stage.

The firm's client base is concentrated in the Washington, DC metro area and includes a significant share of federal, state, and local government employees, as well as scientists and professionals. The wealth profile is characterized by first-generation accumulation through salaries, disciplined 401(k)/403(b) savings, and inheritances, rather than business exits or generational transfers.

Kendall Capital has not publicly disclosed a co-investment program. Its alternative exposure appears to come through fund commitments or manager-selected vehicles rather than direct co-investment rights alongside general partners. The firm's size and mass-affluent client base make direct co-investment logistically unlikely.

Kendall Capital operates as a fee-only registered investment advisor, not a single-family office. It serves multiple unrelated households across the country. However, its fiduciary posture, coordination with estate and tax professionals, and focus on holistic wealth management for households with $500,000 and above give it operational similarities to a multi-family office for the mass-affluent segment.