Kahn Brothers Advisors LLC (New York)

Name: Kahn Brothers Advisors LLC
Address: 555 Madison Ave, New York, NY, 10022
Telephone: 212-980-5050

Kahn Brothers Advisors LLC is a large advisory firm based in New York. It manages $623.25 million of regulatory assets for 495 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of Arizona, California, Colorado, and 19 other states.

Kahn Brothers Advisors provides portfolio management for individuals and small businesses and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Kahn Brothers Advisors: assets under management

The assets under management (AUM) of Kahn Brothers Advisors LLC is $623.25 million. The firm's AUM has gone down by -23% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $599.36 million in discretionary accounts and $23.89 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.25 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.71 million.

Investments

The firm invests in exchange traded securities the most. They account for 93% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 4% of the firm’s portfolio. Investments in investment grade corporate bonds form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Kahn Brothers Advisors LLC for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Kahn Brothers Advisors serves?

The firm provides services to individuals, charitable organizations, and pension and profit sharing plans. The largest group of clients of Kahn Brothers Advisors is individuals with 478 clients and $498.44 million of assets under management. Among the 8 most similar advisory firms, Kahn Brothers Advisors has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $623.25 million for 495 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Kahn Brothers Advisors doesn't advise any private funds.

Careers at Kahn Brothers Advisors LLC

The company employs 8 people that are either part- or full-time employees. 38 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative with the state securities authorities.

There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Thomas Graham Kahn	Chairman,president, treasurer, chief compliance officer, allied member, & stockholder	1 Jul 1978	Other	263171
William Francis Deluca	Senior vice president & secretary	1 Jul 1978	Other	64804
Irving Kahn	Chairman, director & stockholder	1 Jul 1978	25% - 50%	263120
Donald William Kahn	Stockholder, director	1 Jul 1978	Other	1459093
Paula Cutrone	Senior vice president, stockholder & director	1 Mar 2006	Other	1451901
Kenneth Barry Rodwogin	Senior vice president & director	1 Mar 2006	Other	871639
Karen Ann Demarco	Vice president	1 Mar 2006	Other	2415233
William Keith Knox	Senior vice-president	1 Mar 2006	Other	1402395
Inc. Kahn Brothers Group	Parent company	1 Jul 2007	75% - 100%	13-2948997
Andrew S Kahn	Vice president	1 Aug 2014	Other	5596242

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Phyllis Kahn	Stockholder	1 Jan 2015	25% - 50%	xxx-xx-xxxx

Based in New York

The principal office where Kahn Brothers Advisors LLC performs its advisory services is located at 555 Madison Ave, New York, NY 10022, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-980-5050 or by fax 212-755-5330. The normal business hours are 9:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at kahnbrothers.com.