# Kercheville Advisors LLC

> Kercheville Advisors LLC is an SEC-registered investment advisory firm in San Antonio, TX, registered since 2015, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated June 26, 2026.

- CRD: 169471
- Filed as: KERCHEVILLE ADVISORS LLC
- Also doing business as: KERCHEVILLE INVESTMENT ADIVISORS
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: San Antonio, TX
- Filing period: October 2026
- Form ADV filing dated: June 26, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/169471
- AdvisorCensus page: https://advisorcensus.com/firm/kercheville-advisors-llc-san-antonio-tx-169471

## Quick answers

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

**How much does Kercheville Advisors LLC charge?**
Its Form ADV Part 2A brochure dated June 26, 2026 states: Hourly rate: $250 an hour (financial planning and consulting). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Kercheville Advisors LLC located?**
Kercheville Advisors LLC's principal office is in San Antonio, TX, according to its Form ADV.

**Is Kercheville Advisors LLC registered with the SEC or a state?**
Kercheville Advisors LLC is an SEC-registered investment advisory firm, registered since 2015. Status as filed: Approved. CRD 169471.

**How much does Kercheville Advisors LLC manage?**
Kercheville Advisors LLC reports $554,733,810 in regulatory assets under management in its Form ADV filing dated June 26, 2026 (99% discretionary).

**How have Kercheville Advisors LLC's assets and staff changed since 2021?**
In the Form ADV data for Kercheville Advisors LLC: Regulatory assets under management: $328,089,684 in the October 2021 data and $554,733,810 in the October 2026 data, up 69%. Total employees: 5 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 Kercheville Advisors LLC serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (231); high net worth individuals (96); corporations or other businesses not listed above (13).

**Which custodians does Kercheville Advisors LLC use?**
Kercheville Advisors LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Pershing Advisor Solutions LLC as a custodian holding 10% or more of its separately managed account assets.

**Does Kercheville 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/169471

**Does Kercheville Advisors LLC state an account minimum?**
Its Form ADV Part 2A brochure dated June 26, 2026 says: "We have a minimum managed account size of $250,000; however, our account minimum and fees charged are negotiable in situations deemed appropriate by us in our sole discretion."

**What changed in Kercheville Advisors LLC's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $465,734,390 to $554,733,810 (+19%).

## 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 June 26, 2026)

- Account minimum: $250,000 (the brochure says it may be waived or negotiated)

> We have a minimum managed account size of $250,000; however, our account minimum and fees charged are negotiable in situations deemed appropriate by us in our sole discretion.

- Hourly rate: $250 an hour (financial planning and consulting)

> Financial planning and consulting fees are charged through a fixed fee or an hourly rate. Fixed fees vary and do not exceed $3,000 per plan and hourly rates also vary and do not exceed $250 per hour.

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

### Custodians (Schedule D, Section 5.K(3))
- Pershing Advisor Solutions 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: $554,733,810
- Discretionary: $546,884,846
- Non-discretionary: $7,848,964

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 231 | $66,479,424 |
| High net worth individuals | 96 | $442,930,366 |
| 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) | 5 | $8,110,445 |
| Charitable organizations | 5 | $11,707,986 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 1 | $992,480 |
| Insurance companies | 1 | $84,642 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 13 | $24,428,467 |
| Other | 0 | $0 |

### 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
- Pension consulting services

### Firm details
- Registered since: 2015 (11 years)
- Employees: 5 total, 3 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CO, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- kercheville.com/KERCHEVILE-ADVISORS
- Facebook @KERCHEVILLEADVISORS

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $328,089,684 | 5 | March 5, 2021 |
| October 2022 | $390,879,192 | 5 | January 27, 2022 |
| October 2023 | $347,707,384 | 5 | May 11, 2023 |
| October 2024 | $394,563,099 | 5 | February 21, 2024 |
| October 2025 | $465,734,390 | 5 | February 24, 2025 |
| October 2026 | $554,733,810 | 5 | June 26, 2026 |

Regulatory assets under management: $328,089,684 in the October 2021 data and $554,733,810 in the October 2026 data, up 69%.
Total employees: 5 in October 2021 and 5 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $465,734,390 to $554,733,810 (+19%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Kercheville Advisors LLC (CRD 169471): Form ADV filing data as of October 2026.