Description of Services We are a registered investment adviser based in Princeton, New Jersey with an office in Point Pleasant Beach, New Jersey. We are organized as a limited liability company under the laws of the State of New Jersey, and we have been providing investment advisory services since 2000. KB Financial Partners, LLC is 100% owned by KB Financial Companies, LLC. The following paragraphs describe our services. Please refer to the description of each investment advisory service listed below for information on how we deliver these services and how we tailor our services to your individual needs. As used in this brochure, the words “we”, “our”, “the firm” and “us” refer to KB Financial Partners, LLC and the words “you,” “your,” and “client” refer to you as either a client or prospective client of our firm. Also, you may see the terms “Associated Person” or “Investment Adviser Representative” throughout this Brochure. As used in this Brochure, our Associated Persons are our firm’s officers, employees, and other staff, and Investment Adviser Representatives are all individuals providing investment advice on behalf of our firm. The advisory services we offer include Financial Planning, Pension Consulting, and Portfolio Management as described more fully below. These services may be offered to clients on an all-inclusive or individual basis. The process typically begins with a complimentary introduction meeting during which the various services provided by our firm are explained to you. During or after the initial meeting, we collect pertinent information about your personal and financial circumstances and objectives. As needed, we conduct follow-up interviews for the purpose of reviewing and/or collecting financial data. Prior to proceeding with the delivery of advisory services, together with you we determine the scope of the services to be provided. Financial Planning Services We offer broad-based and structured financial planning services. Financial planning typically involves a variety of advisory services regarding the management of your financial resources based upon an analysis of your individual needs. If you retain us for financial planning services, one or more of our Investment Adviser Representatives will meet with you to gather information about your financial circumstances and objectives such as liquidity needs, personal needs, insurance needs, risk tolerance, and other financial related information. Once we review and analyze the information you provide to us, we may deliver a written plan to you, designed to help you achieve your stated financial goals and objectives. Thereafter, as needed, we will schedule a series of meetings to review the plan with you, meet with your other advisors, if necessary (legal, tax, etc.),and, if you wish, help you to implement your plan. Financial plans are based on your financial situation at the time we present the plan to you, and on the financial information you provide to our firm. If you engage us for ongoing financial planning, you should promptly notify our firm if your financial situation, goals, objectives, or needs change. If you implement our financial planning recommendations through other advisory services offered by our Investment Adviser Representatives, or in their separate capacities as registered representatives or insurance agents, we may waive or offset the financial planning fee at our sole discretion. However, you are not obligated to act on our financial planning recommendations. If you choose to act on any of our recommendations, you are not obligated to implement the financial plan through any of our other investment advisory services. You may implement our recommendations with any firm of your choice. All financial planning projections are dependent on future events that may not be known at the time of planning. As a result, there can be no assurance that any projections or estimates will be realized, nor can there be any assurance that if they are realized, that they will be sufficient to meet future needs. All projections and estimates are furnished for illustrative purposes only and are not predictions or guarantees of future returns.
Pension Consulting Services We offer pension consulting services to employee benefit plans and their fiduciaries based upon the needs of the plan and the services requested by the plan sponsor or named fiduciaries. In general, these services may include, but are not limited to, a review of plan features, a review of investment selections, asset allocation consulting, and review and analysis of other plan service providers. If appropriate and practical, we may also provide communication and enrollment services where we help the plan sponsor provide information regarding the retirement plan to its participants. Non-investment related consulting services, including but not limited to plan design, are non-discretionary and consultative in nature. The ultimate decision to act on behalf of the plan shall remain with the plan sponsor or other named fiduciary who are free to seek independent advice about any recommendations for the Plan. Investment related pension consulting services may be discretionary or non-discretionary in nature. The specific nature and terms of the services will be identified in our pension consulting agreement with you. Portfolio Management Services We offer discretionary and non-discretionary portfolio management services. Generally, this includes an assessment of your investing profile, asset allocation and portfolio design, and portfolio management. If you retain our firm for portfolio management services, we will meet with you to determine your investment objectives, risk tolerance, and other relevant information (“suitability information”) at the beginning of our advisory relationship. Generally, we use this suitability information and discussions with each client to identify a “target asset allocation” for you. This target asset allocation is a baseline for portfolio design that is dictated by your risk tolerance and investment objectives. We maintain current, tactical asset allocation models for each long-term target asset allocation across the risk spectrum from conservative to aggressive. Current asset allocation models usually differ from their neutral long-term target asset allocations, based on our assessment of market conditions and short-term or intermediate-term investment opportunities and risks. If you participate in our discretionary portfolio management services, we require you to grant our firm discretionary authority to manage your account. Discretionary authorization permits us to determine the specific securities, and the amount of securities, to be purchased or sold and to execute those transactions in your account without your approval prior to each transaction.

Discretionary authority is typically granted by the investment advisory agreement you sign with our firm and the appropriate trading authorization forms. You may limit our discretionary authority (for example, limiting the types of securities that can be purchased for your account) by providing our firm with your restrictions and guidelines in writing. If you enter into a non-discretionary arrangement with our firm, we must obtain your approval prior to executing any transactions on your behalf. We primarily research and recommend investments in mutual funds, exchange traded funds and private placements, as well as unaffiliated discretionary portfolio managers for individual client accounts. To a lesser extent, we may recommend investments in individual securities such as individual stocks and bonds. Our investment advice will be tailored to your situation based on your needs, investment objectives, the size of your portfolio, your tax situation, and the tax profile of your account registrations. As part of our portfolio management services, we may recommend a customized investment portfolio for you in accordance with your specific situation, requests, or reasonable restrictions. After we recommend an investment portfolio to you and you agree to implement a portfolio with us, we will implement the selected portfolio investments on your behalf. After the initial investment of your portfolio, we will monitor your portfolio’s performance on a periodic basis, and depending on whether or not you have granted us discretionary authority, we will either reallocate or recommend a reallocation of the portfolio as needed based on our assessment of changes in market conditions and/or your financial circumstances. We generally do not implement or recommend frequent changes to client portfolios. In certain circumstances, as requested by a client, we may provide portfolio management services that are different from the services described above. These situations are typically based on very specific client requests for a portfolio comprised of a specific type of security or to meet a very specific need.
Portfolio management services are rendered primarily on accounts held in custody at Schwab Advisor Services (“Schwab”) and to a lesser extent, accounts held at financial institutions other than Schwab, including 401k or other employee benefit accounts. Such services may include analysis and advice on investment options and portfolio strategy recommendations. However, we may be unable to effect transactions in accounts held at custodians other than Schwab. In such cases, you will be responsible for implementing any recommendations/advice. Our firm may decline your request to provide advice on assets held at custodians other than Schwab. For more information, please refer to “Other Financial Industry Activities and Affiliations” and “Brokerage Practices” sections of this brochure. As part of our investment advisory services, we may recommend that you use the services of a separate account manager (“SAM”) to actively manage on a discretionary basis, a portion of, or your entire investment portfolio. After gathering information about your financial situation and objectives, we may recommend that you engage one or more specific SAMs. Factors that we consider when making our recommendation(s) include, but are not limited to the SAM’s performance, methods of analysis, fees, your financial needs, the size of your portfolio, investment goals, risk tolerance, and investment objectives. We periodically monitor the SAM(s)’ performance to ensure its management and investment style remain aligned with your investment goals and objectives. We will contact you periodically to review your financial situation and objectives, and to assist you in understanding and evaluating the services provided by each SAM. You should promptly notify us of any material change in your financial situation, investment objectives, or account restrictions. The SAM(s) will actively manage your portfolio and will assume full discretionary investment authority over your account. Our firm will assume limited discretionary authority to engage and terminate SAMs and, if you grant us discretionary authority, we will have authorization to reallocate your assets among other SAMs, if and when we deem such action to be in your best interest. However, we will not have investment discretion or trading authority over the selection of securities in your SAM account. Our ability to engage and terminate sub-advisers and other SAMs on your behalf is based on you granting our firm discretionary authority to do so, which is authorized by the investment advisory agreement you sign with our firm. Types of Investments We primarily offer portfolio management services on portfolios comprised of mutual funds, exchange traded funds, private placements, and unaffiliated SAMs. To a lesser extent, we may also offer portfolio management services on individual securities such as individual stocks, bonds and closed end funds, as well as certificates of deposit, insurance products including but not limited to variable annuities, and private investments such as interests in limited partnerships. We may invest or recommend investment in securities with different degrees of liquidity. Some of these investments may not be available for immediate liquidation (conversion to cash). In the context of financial planning services, we may offer advice on these same types of securities, and we may also provide advice on other securities and investments that are not generally part of our portfolio management services. Sub-Advisory Relationship with SkyView Investment Advisors The Firm has entered into a sub-advisory relationship with SkyView Investment Advisers (“SkyView”); Skyview is investment adviser registered with the Securities and Exchange Commission (“SEC”). Additional information about Skyview is available on the SEC’s website at www.adviserinfo.gov. The searchable CRD number for SkyView is 286353. Mr. Steven J. Turi, Managing Member and Chief Investment Officer of SkyView has assumed the role of Chief Investment Officer of KB Financial Partners. Mr. Andrew J. Melnick, Managing Member of Skyview has assumed the role of Chief Investment Strategist for KB Financial Partners. Additional information on Mr. Turi and Mr. Melnick may be found in the Firm’s group Brochure Supplement (ADV Part 2B). For further information on material conflicts of interest, please see “Item 6 – Performance-based Fees and Side-by-Side Management.” Assets under Management As of December 31, 2022, we managed $1,301,599,752 in client assets. $991,095,079 in client assets were managed on a discretionary basis, and $310,504,673 in client assets were managed on a non-discretionary basis.