# Kimelman & Baird, LLC

> Kimelman & Baird, LLC is an SEC-registered investment advisory firm in New York, NY, registered since 1973, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated April 1, 2026.

- CRD: 2440
- Filed as: KIMELMAN & BAIRD, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: April 1, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/2440
- AdvisorCensus page: https://advisorcensus.com/firm/kimelman-and-baird-llc-new-york-ny-2440

## Quick answers

**How is Kimelman & Baird, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Kimelman & Baird, LLC reports these compensation arrangements: a percentage of assets under its management; commissions.

**Where is Kimelman & Baird, LLC located?**
Kimelman & Baird, LLC's principal office is in New York, NY, according to its Form ADV.

**Is Kimelman & Baird, LLC registered with the SEC or a state?**
Kimelman & Baird, LLC is an SEC-registered investment advisory firm, registered since 1973. Status as filed: Approved. CRD 2440.

**How much does Kimelman & Baird, LLC manage?**
Kimelman & Baird, LLC reports $1,478,705,000 in regulatory assets under management in its Form ADV filing dated April 1, 2026 (100% discretionary).

**How have Kimelman & Baird, LLC's assets and staff changed since 2021?**
In the Form ADV data for Kimelman & Baird, LLC: Regulatory assets under management: $1,147,100,000 in the October 2021 data and $1,478,705,000 in the October 2026 data, up 29%. Total employees: 7 in October 2021 and 9 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Kimelman & Baird, LLC serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (129); high net worth individuals (113); charitable organizations (6).

**Which custodians does Kimelman & Baird, LLC use?**
Kimelman & Baird, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists BNY Mellon Capital Markets, LLC and Fidelity Brokerage Services LLC as custodians holding 10% or more of its separately managed account assets.

**Does Kimelman & Baird, LLC report any disciplinary disclosures?**
Reports 1 disclosure item on Form ADV Item 11: yes answers to 11.E(2) (self-regulatory organization's finding of a rule violation). 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/2440

**Does Kimelman & Baird, LLC state an account minimum?**
Its Form ADV Part 2A brochure dated April 1, 2026 says: "Investment advisory accounts usually require a minimum dollar value of $500,000. Under special circumstances, accounts under $500,000 are accepted."

**What changed in Kimelman & Baird, LLC's recent Form ADV filings?**
In the May 2026 filing data: Employees performing advisory functions went from 4 to 6.

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated April 1, 2026)

- Account minimum: $500,000

> Investment advisory accounts usually require a minimum dollar value of $500,000. Under special circumstances, accounts under $500,000 are accepted.

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

### Custodians (Schedule D, Section 5.K(3))
- BNY Mellon Capital Markets, LLC
- Fidelity Brokerage Services 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: $1,478,705,000
- Discretionary: $1,478,705,000
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 129 | $50,618,000 |
| High net worth individuals | 113 | $1,333,841,000 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 1 | $1,788,000 |
| Charitable organizations | 6 | $92,458,000 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses

### Firm details
- Registered since: 1973 (53 years)
- Employees: 9 total, 6 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, CT, FL, MA, MD, NJ, NY, PA, PR
- Disclosures (Item 11): Reports 1 disclosure item on Form ADV Item 11.

### Item 11 questions answered yes
- 11.E(2): Has a self-regulatory organization or a commodities exchange ever found that the firm or an advisory affiliate was involved in a violation of its rules, other than a minor rule violation under a plan the SEC approved?

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/2440

### Websites listed on Form ADV (Item 1.I)
- [kimelmanbaird.com](https://kimelmanbaird.com)
- Facebook @kimelmanandbaird
- Instagram @kimelmanandbaird
- LinkedIn @kimelmanandbaird

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $1,147,100,000 | 7 | August 19, 2021 |
| October 2022 | $1,540,187,000 | 7 | January 28, 2022 |
| October 2023 | $1,253,749,000 | 7 | March 29, 2023 |
| October 2024 | $1,363,505,000 | 8 | April 4, 2024 |
| October 2025 | $1,430,751,000 | 7 | May 30, 2025 |
| October 2026 | $1,478,705,000 | 9 | April 1, 2026 |

Regulatory assets under management: $1,147,100,000 in the October 2021 data and $1,478,705,000 in the October 2026 data, up 29%.
Total employees: 7 in October 2021 and 9 in October 2026.

## Changes in the filing (last 12 months)

### May 2026
- Employees performing advisory functions went from 4 to 6.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Kimelman & Baird, LLC (CRD 2440): Form ADV filing data as of October 2026.