# Kahn Brothers Advisors LLC

> Kahn Brothers Advisors LLC is an SEC-registered investment advisory firm in New York, NY, registered since 1978, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated September 16, 2026.

- CRD: 144368
- Filed as: KAHN BROTHERS ADVISORS LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: September 16, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/144368
- AdvisorCensus page: https://advisorcensus.com/firm/kahn-brothers-advisors-llc-new-york-ny-144368

## Quick answers

**How is Kahn Brothers Advisors LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Kahn Brothers Advisors LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Kahn Brothers Advisors LLC located?**
Kahn Brothers Advisors LLC's principal office is in New York, NY, according to its Form ADV.

**Is Kahn Brothers Advisors LLC registered with the SEC or a state?**
Kahn Brothers Advisors LLC is an SEC-registered investment advisory firm, registered since 1978. Status as filed: Approved. CRD 144368.

**How much does Kahn Brothers Advisors LLC manage?**
Kahn Brothers Advisors LLC reports $498,597,131 in regulatory assets under management in its Form ADV filing dated September 16, 2026 (98% discretionary).

**How have Kahn Brothers Advisors LLC's assets and staff changed since 2021?**
In the Form ADV data for Kahn Brothers Advisors LLC: Regulatory assets under management: $518,132,056 in the October 2021 data and $498,597,131 in the October 2026 data, down 4%. Total employees: 6 in October 2021 and 5 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Kahn Brothers Advisors LLC serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (200); high net worth individuals (142); corporations or other businesses not listed above (5).

**Which custodians does Kahn Brothers Advisors LLC use?**
Kahn Brothers Advisors LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. and Pershing LLC as custodians holding 10% or more of its separately managed account assets.

**Does Kahn Brothers Advisors LLC report any disciplinary disclosures?**
Reports 4 disclosure items on Form ADV Item 11: yes answers to 11.C(1) (SEC or CFTC finding of a false statement or omission), 11.C(2) (SEC or CFTC finding of a violation), 11.C(4) (SEC or CFTC order), and 11.C(5) (SEC or CFTC civil money penalty or cease-and-desist order). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/144368

**What changed in Kahn Brothers Advisors LLC's recent Form ADV filings?**
In the October 2026 filing data: Employees performing advisory functions went from 3 to 2. Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.
- Pershing LLC

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: $498,597,131
- Discretionary: $491,018,810
- Non-discretionary: $7,578,321

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 200 | $81,225,243 |
| High net worth individuals | 142 | $363,185,907 |
| Charitable organizations | Fewer than 5 | $30,262,956 |
| Corporations or other businesses not listed above | 5 | $23,923,025 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 1978 (47 years)
- Employees: 5 total, 2 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: AZ, CA, CO, CT, FL, LA, MA, MD, ME, MN, NH, NJ, NV, NY, OH, OR, PA, SC, TX, UT, VA, WI
- Disclosures (Item 11): Reports 4 disclosure items on Form ADV Item 11.

### Item 11 questions answered yes
- 11.C(1): Has the SEC or the CFTC ever found that the firm or an advisory affiliate made a false statement or omission?
- 11.C(2): Has the SEC or the CFTC ever found that the firm or an advisory affiliate was involved in a violation of SEC or CFTC regulations or statutes?
- 11.C(4): Has the SEC or the CFTC ever entered an order against the firm or an advisory affiliate in connection with investment-related activity?
- 11.C(5): Has the SEC or the CFTC ever imposed a civil money penalty on the firm or an advisory affiliate, or ordered the firm or an advisory affiliate to cease and desist from an activity?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/144368

### Websites listed on Form ADV (Item 1.I)
- kahnbrothers.com
- LinkedIn @kahn-brothers

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $518,132,056 | 6 | March 31, 2021 |
| October 2022 | $689,975,504 | 7 | August 11, 2022 |
| October 2023 | $697,989,533 | 6 | March 31, 2023 |
| October 2024 | $621,461,810 | 6 | March 29, 2024 |
| October 2025 | $433,967,024 | 6 | March 31, 2025 |
| October 2026 | $498,597,131 | 5 | September 16, 2026 |

Regulatory assets under management: $518,132,056 in the October 2021 data and $498,597,131 in the October 2026 data, down 4%.
Total employees: 6 in October 2021 and 5 in October 2026.

## Changes in the filing (last 12 months)

### October 2026
- Employees performing advisory functions went from 3 to 2.
- Updated its list of owners and control persons (Schedule A).

### April 2026
- Regulatory assets under management went from $433,967,024 to $498,597,131 (+15%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Kahn Brothers Advisors LLC (CRD 144368): Form ADV filing data as of October 2026.