# Kelleher Financial Advisors, LLC

> Kelleher Financial Advisors, LLC is an SEC-registered investment advisory firm in New York, NY, registered since 2003, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated April 14, 2026.

- CRD: 126021
- Filed as: KELLEHER FINANCIAL ADVISORS, LLC
- Also doing business as: BATTERY PARK CAPITAL, STARBOARD ADVISORS
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: April 14, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/126021
- AdvisorCensus page: https://advisorcensus.com/firm/kelleher-financial-advisors-llc-new-york-ny-126021

## Quick answers

**How is Kelleher Financial Advisors, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Kelleher Financial Advisors, LLC reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees).

**What does Kelleher Financial Advisors, LLC's brochure say about its fees?**
Its Form ADV Part 2A brochure dated April 14, 2026 states: Asset-based fee: 0.5% to 1.5% a year (a range, as the brochure states it). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Kelleher Financial Advisors, LLC located?**
Kelleher Financial Advisors, LLC's principal office is in New York, NY, according to its Form ADV; the May 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is Kelleher Financial Advisors, LLC registered with the SEC or a state?**
Kelleher Financial Advisors, LLC is an SEC-registered investment advisory firm, registered since 2003. Status as filed: Approved. CRD 126021.

**How much does Kelleher Financial Advisors, LLC manage?**
Kelleher Financial Advisors, LLC reports $1,153,378,435 in regulatory assets under management in its Form ADV filing dated April 14, 2026 (55% discretionary).

**How have Kelleher Financial Advisors, LLC's assets and staff changed since 2021?**
In the Form ADV data for Kelleher Financial Advisors, LLC: Regulatory assets under management: $469,677,791 in the October 2021 data and $1,153,378,435 in the October 2026 data, up 146%. Total employees: 10 in October 2021 and 13 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Kelleher Financial Advisors, LLC serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (171); individuals (other than high net worth individuals) (108); corporations or other businesses not listed above (4).

**Which custodians does Kelleher Financial Advisors, LLC use?**
Kelleher Financial Advisors, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab, Fidelity Brokerage Services LLC (affiliated with the firm) and Pershing LLC as custodians holding 10% or more of its separately managed account assets.

**Does Kelleher Financial Advisors, LLC 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/126021

**What changed in Kelleher Financial Advisors, LLC's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 8 to 6. Regulatory assets under management went from $1,025,582,365 to $1,153,378,435 (+12%).

## 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 April 14, 2026)

- Asset-based fee: 0.5% to 1.5% a year (a range, as the brochure states it)

> KFA charges an annual fee for investment management services that ranges from 0.50% to 1.50% of assets under management.

> Battery Park Capital charges an annual fee for investment management services that ranges from 0.50% to 1.50% of assets under management.

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
- Fidelity Brokerage Services LLC (affiliated with the firm)
- 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: $1,153,378,435
- Discretionary: $631,814,847
- Non-discretionary: $521,563,588

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 108 | $29,216,450 |
| High net worth individuals | 171 | $1,116,440,370 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 1 | $5,574,052 |
| Corporations or other businesses not listed above | 4 | $2,147,563 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients
- Selection of other advisers (including private fund managers)
- Other

### Firm details
- Registered since: 2003 (23 years)
- Employees: 13 total, 6 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AZ, CA, CO, CT, FL, LA, MA, MD, ME, MO, MT, NH, NJ, NY, PA, TX, VA, VT, WA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the May 2026 filing
- Portland, ME

### Websites listed on Form ADV (Item 1.I)
- kf-advisors.com
- starboardadvisorsllc.com
- LinkedIn @kelleherfinancialadvisors

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $469,677,791 | 10 | March 26, 2021 |
| October 2022 | $554,673,631 | 11 | August 18, 2022 |
| October 2023 | $470,718,229 | 14 | July 26, 2023 |
| October 2024 | $573,557,718 | 16 | April 8, 2024 |
| October 2025 | $1,025,582,365 | 16 | April 3, 2025 |
| October 2026 | $1,153,378,435 | 13 | April 14, 2026 |

Regulatory assets under management: $469,677,791 in the October 2021 data and $1,153,378,435 in the October 2026 data, up 146%.
Total employees: 10 in October 2021 and 13 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 8 to 6.
- Regulatory assets under management went from $1,025,582,365 to $1,153,378,435 (+12%).

### February 2026
- Registered or notice-filed in MO, MT, WA.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Kelleher Financial Advisors, LLC (CRD 126021): Form ADV filing data as of October 2026.