# Hayek Kallen Investment Management L.L.C.

> Hayek Kallen Investment Management L.L.C. is an SEC-registered investment advisory firm in Fairhope, AL, registered since 1985, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 27, 2026.

- CRD: 106454
- Filed as: HAYEK KALLEN INVESTMENT MANAGEMENT L.L.C.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Fairhope, AL
- Filing period: October 2026
- Form ADV filing dated: March 27, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/106454
- AdvisorCensus page: https://advisorcensus.com/firm/hayek-kallen-investment-management-l-l-c-fairhope-al-106454

## Quick answers

**How is Hayek Kallen Investment Management L.L.C. compensated?**
On its Form ADV (Item 5.E, October 2026), Hayek Kallen Investment Management L.L.C. reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees).

**Where is Hayek Kallen Investment Management L.L.C. located?**
Hayek Kallen Investment Management L.L.C.'s principal office is in Fairhope, AL, according to its Form ADV; the April 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is Hayek Kallen Investment Management L.L.C. registered with the SEC or a state?**
Hayek Kallen Investment Management L.L.C. is an SEC-registered investment advisory firm, registered since 1985. Status as filed: Approved. CRD 106454.

**How much does Hayek Kallen Investment Management L.L.C. manage?**
Hayek Kallen Investment Management L.L.C. reports $424,384,289 in regulatory assets under management in its Form ADV filing dated March 27, 2026 (100% discretionary).

**How have Hayek Kallen Investment Management L.L.C.'s assets and staff changed since 2021?**
In the Form ADV data for Hayek Kallen Investment Management L.L.C.: Regulatory assets under management: $340,486,000 in the October 2021 data and $424,384,289 in the October 2026 data, up 25%. Total employees: 2 in October 2021 and 3 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Hayek Kallen Investment Management L.L.C. serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (179); high net worth individuals (21).

**Which custodians does Hayek Kallen Investment Management L.L.C. use?**
Hayek Kallen Investment Management L.L.C.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc., Fidelity Brokerage Services LLC and TD Ameritrade Clearing, Inc. as custodians holding 10% or more of its separately managed account assets.

**Does Hayek Kallen Investment Management L.L.C. report any disciplinary disclosures?**
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/106454

**Does Hayek Kallen Investment Management L.L.C. state an account minimum?**
Its Form ADV Part 2A brochure dated March 27, 2026 says: "Our stated minimum investment is $500,000, but we do occasionally work with smaller accounts on a case-by-case basis."

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)

### Fees and minimums (Form ADV Part 2A brochure dated March 27, 2026)

- Account minimum: $500,000

> Our stated minimum investment is $500,000, but we do occasionally work with smaller accounts on a case-by-case basis.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.
- Fidelity Brokerage Services LLC
- TD Ameritrade Clearing, Inc.

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.

### Regulatory assets under management (Item 5.F)
- Total: $424,384,289
- Discretionary: $424,384,289
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 179 | $235,540,424 |
| High net worth individuals | 21 | $186,508,655 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 0 | $0 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | Fewer than 5 | $2,335,210 |
| Charitable organizations | 0 | $0 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 0 | $0 |
| Other | 0 | $0 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Portfolio management for pooled investment vehicles (other than investment companies)

### Firm details
- Registered since: 1985 (41 years)
- Employees: 3 total, 1 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AL, FL, GA, LA, MS, SC, TN, TX, VA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- Charlottesville, VA

### Websites listed on Form ADV (Item 1.I)
- hayekkallen.com
- LinkedIn @HAYEK-KALLEN-INVESTMENT-MANAGEMENT-LLC
- Facebook @HAYEKKALLENINVESTMENTMANAGEMENTLLC

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $340,486,000 | 2 | March 31, 2021 |
| October 2022 | $386,957,000 | 4 | March 23, 2022 |
| October 2023 | $336,407,000 | 4 | March 23, 2023 |
| October 2024 | $396,356,000 | 3 | March 27, 2024 |
| October 2025 | $398,991,000 | 3 | April 22, 2025 |
| October 2026 | $424,384,289 | 3 | March 27, 2026 |

Regulatory assets under management: $340,486,000 in the October 2021 data and $424,384,289 in the October 2026 data, up 25%.
Total employees: 2 in October 2021 and 3 in October 2026.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Hayek Kallen Investment Management L.L.C. (CRD 106454): Form ADV filing data as of October 2026.