{
  "crd_number": 114058,
  "slug": "callahan-advisors-llc-houston-tx-114058",
  "primary_business_name": "CALLAHAN ADVISORS, LLC",
  "legal_name": "CALLAHAN ADVISORS, LLC",
  "dbas": [],
  "city": "Houston",
  "state": "TX",
  "country": "United States",
  "cbsa_code": "26420",
  "metro": {
    "cbsa_code": "26420",
    "common_name": "Houston",
    "msa_name": "Houston-Pasadena-The Woodlands, TX",
    "path": "/advisors/tx/houston"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2003-04-25",
  "years_registered": 23,
  "period": "2026-10-01",
  "filing_date": "2026-03-30",
  "carried_forward": false,
  "raum_total": 1327579088.0,
  "raum_discretionary": 1327579088.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "1b_5b",
  "raum_band_label": "$1 billion to $5 billion",
  "total_employees": 11,
  "advisory_employees": 6,
  "client_count_bucket": null,
  "clients_by_type": {
    "charitable": {
      "raum": 29638415.0,
      "count": 16
    },
    "individuals": {
      "raum": 75599674.0,
      "count": 188
    },
    "high_net_worth_individuals": {
      "raum": 1222340999.0,
      "count": 243
    }
  },
  "compensation_types": [
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "portfolio_management_individuals"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "AR",
    "CA",
    "CO",
    "FL",
    "GA",
    "IL",
    "LA",
    "MS",
    "OK",
    "TN",
    "TX"
  ],
  "websites": [
    "https://callahanadvisors.com",
    "https://linkedin.com/COMPANY/CALLAHAN-ADVISORS-LLC"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/114058",
  "city_as_filed": "HOUSTON",
  "url": "https://advisorcensus.com/firm/callahan-advisors-llc-houston-tx-114058",
  "display_name": "Callahan Advisors, LLC",
  "summary": "Callahan Advisors, LLC is an SEC-registered investment advisory firm in Houston, TX, registered since 2003, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 30, 2026.",
  "citation": "AdvisorCensus. Callahan Advisors, LLC (CRD 114058): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management"
  ],
  "advisory_activity_labels": [
    "Portfolio management for individuals and/or small businesses"
  ],
  "quick_answers": [
    {
      "q": "How is Callahan Advisors, LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Callahan Advisors, LLC reports these compensation arrangements: a percentage of assets under its management."
    },
    {
      "q": "Where is Callahan Advisors, LLC located?",
      "a": "Callahan Advisors, LLC's principal office is in Houston, TX, according to its Form ADV."
    },
    {
      "q": "Is Callahan Advisors, LLC registered with the SEC or a state?",
      "a": "Callahan Advisors, LLC is an SEC-registered investment advisory firm, registered since 2003. Status as filed: Approved. CRD 114058."
    },
    {
      "q": "How much does Callahan Advisors, LLC manage?",
      "a": "Callahan Advisors, LLC reports $1,327,579,088 in regulatory assets under management in its Form ADV filing dated March 30, 2026 (100% discretionary)."
    },
    {
      "q": "How have Callahan Advisors, LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Callahan Advisors, LLC: Regulatory assets under management: $724,424,002 in the October 2021 data and $1,327,579,088 in the October 2026 data, up 83%. Total employees: 8 in October 2021 and 11 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Callahan Advisors, LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (243); individuals (other than high net worth individuals) (188); charitable organizations (16)."
    },
    {
      "q": "Which custodians does Callahan Advisors, LLC use?",
      "a": "Callahan Advisors, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Callahan Advisors, LLC report any disciplinary disclosures?",
      "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/114058"
    },
    {
      "q": "What changed in Callahan Advisors, LLC's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Regulatory assets under management went from $1,199,098,973 to $1,327,579,088 (+11%). Registered or notice-filed in IL."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 724424002.0,
      "total_employees": 8,
      "filing_date": "2021-03-26"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 889711693.0,
      "total_employees": 9,
      "filing_date": "2022-04-04"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 780089181.0,
      "total_employees": 9,
      "filing_date": "2023-03-28"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 932947839.0,
      "total_employees": 10,
      "filing_date": "2024-08-30"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 1199098973.0,
      "total_employees": 10,
      "filing_date": "2025-06-20"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 1327579088.0,
      "total_employees": 11,
      "filing_date": "2026-03-30"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Regulatory assets under management went from $1,199,098,973 to $1,327,579,088 (+11%).",
        "Registered or notice-filed in IL."
      ]
    },
    {
      "period": "2026-01-01",
      "period_label": "January 2026",
      "notes": [
        "No longer registered or notice-filed in IL."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [
    {
      "name": "Charles Schwab & Co., Inc.",
      "name_as_filed": "CHARLES SCHWAB & CO., INC.",
      "affiliated": false
    }
  ],
  "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.",
  "markdown_url": "https://advisorcensus.com/firm/callahan-advisors-llc-houston-tx-114058.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 188,
      "fewer_than_5": false,
      "raum": 75599674.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 243,
      "fewer_than_5": false,
      "raum": 1222340999.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 16,
      "fewer_than_5": false,
      "raum": 29638415.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/114058",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}