{
  "crd_number": 157449,
  "slug": "kearns-and-associates-llc-rolling-hills-estates-ca-157449",
  "primary_business_name": "KEARNS AND ASSOCIATES, LLC",
  "legal_name": "KEARNS & ASSOCIATES LLC",
  "dbas": [],
  "city": "Rolling Hills Estates",
  "state": "CA",
  "country": "United States",
  "cbsa_code": "31080",
  "metro": {
    "cbsa_code": "31080",
    "common_name": "Los Angeles",
    "msa_name": "Los Angeles-Long Beach-Anaheim, CA",
    "path": "/advisors/ca/los-angeles"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2012-03-27",
  "years_registered": 14,
  "period": "2026-10-01",
  "filing_date": "2026-03-10",
  "carried_forward": false,
  "raum_total": 1175703135.0,
  "raum_discretionary": 621332638.0,
  "raum_non_discretionary": 554370497.0,
  "raum_band": "1b_5b",
  "raum_band_label": "$1 billion to $5 billion",
  "total_employees": 2,
  "advisory_employees": 1,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "charitable": {
      "raum": 390033428.0,
      "count": null,
      "fewer_than_5": true
    },
    "high_net_worth_individuals": {
      "raum": 785669707.0,
      "count": 46
    }
  },
  "compensation_types": [
    "fixed",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "portfolio_management_individuals",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "CA"
  ],
  "websites": [],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/157449",
  "city_as_filed": "ROLLING HILLS ESTATES",
  "url": "https://advisorcensus.com/firm/kearns-and-associates-llc-rolling-hills-estates-ca-157449",
  "display_name": "Kearns and Associates, LLC",
  "summary": "Kearns and Associates, LLC is an SEC-registered investment advisory firm in Rolling Hills Estates, CA, registered since 2012, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 10, 2026.",
  "citation": "AdvisorCensus. Kearns and Associates, LLC (CRD 157449): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Fixed fees (other than subscription fees)"
  ],
  "advisory_activity_labels": [
    "Portfolio management for individuals and/or small businesses",
    "Selection of other advisers (including private fund managers)"
  ],
  "quick_answers": [
    {
      "q": "How is Kearns and Associates, LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Kearns and Associates, LLC reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees). The amounts are in Item 5 of its Form ADV Part 2A brochure."
    },
    {
      "q": "Where is Kearns and Associates, LLC located?",
      "a": "Kearns and Associates, LLC's principal office is in Rolling Hills Estates, CA, according to its Form ADV."
    },
    {
      "q": "Is Kearns and Associates, LLC registered with the SEC or a state?",
      "a": "Kearns and Associates, LLC is an SEC-registered investment advisory firm, registered since 2012. Status as filed: Approved. CRD 157449."
    },
    {
      "q": "How much does Kearns and Associates, LLC manage?",
      "a": "Kearns and Associates, LLC reports $1,175,703,135 in regulatory assets under management in its Form ADV filing dated March 10, 2026 (53% discretionary)."
    },
    {
      "q": "How have Kearns and Associates, LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Kearns and Associates, LLC: Regulatory assets under management: $611,359,537 in the October 2021 data and $1,175,703,135 in the October 2026 data, up 92%. Total employees: 3 in October 2021 and 2 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Kearns and Associates, LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (46)."
    },
    {
      "q": "Which custodians does Kearns and Associates, LLC use?",
      "a": "Kearns and Associates, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. and Northern Trust as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Kearns and Associates, 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/157449"
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 611359537.0,
      "total_employees": 3,
      "filing_date": "2021-03-26"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 720696780.0,
      "total_employees": 3,
      "filing_date": "2022-03-30"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 601779445.0,
      "total_employees": 3,
      "filing_date": "2023-03-30"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 1074156028.0,
      "total_employees": 2,
      "filing_date": "2024-03-28"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 1133773257.0,
      "total_employees": 2,
      "filing_date": "2025-03-12"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 1175703135.0,
      "total_employees": 2,
      "filing_date": "2026-03-10"
    }
  ],
  "recent_changes": [],
  "fees_from_brochure": null,
  "custodians": [
    {
      "name": "Charles Schwab & Co., Inc.",
      "name_as_filed": "CHARLES SCHWAB & CO., INC.",
      "affiliated": false
    },
    {
      "name": "Northern Trust",
      "name_as_filed": "NORTHERN TRUST",
      "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/kearns-and-associates-llc-rolling-hills-estates-ca-157449.md",
  "clients": [
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 46,
      "fewer_than_5": false,
      "raum": 785669707.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": null,
      "fewer_than_5": true,
      "raum": 390033428.0
    }
  ],
  "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/157449",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}