{
  "crd_number": 125618,
  "slug": "klingman-and-associates-llc-new-york-ny-125618",
  "primary_business_name": "KLINGMAN AND ASSOCIATES, LLC",
  "legal_name": "KLINGMAN AND ASSOCIATES, LLC",
  "dbas": [],
  "city": "New York",
  "state": "NY",
  "country": "United States",
  "cbsa_code": "35620",
  "metro": {
    "cbsa_code": "35620",
    "common_name": "New York",
    "msa_name": "New York-Newark-Jersey City, NY-NJ",
    "path": "/advisors/ny/new-york"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2007-04-17",
  "years_registered": 19,
  "period": "2026-10-01",
  "filing_date": "2026-05-01",
  "carried_forward": false,
  "raum_total": 5664692453.0,
  "raum_discretionary": 4136393850.0,
  "raum_non_discretionary": 1528298603.0,
  "raum_band": "over_5b",
  "raum_band_label": "Over $5 billion",
  "total_employees": 25,
  "advisory_employees": 14,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "charitable": {
      "raum": 25967653.0,
      "count": 2,
      "fewer_than_5": true
    },
    "individuals": {
      "raum": 98948678.0,
      "count": 248
    },
    "pension_profit_sharing": {
      "raum": 1205316096.0,
      "count": 3,
      "fewer_than_5": true
    },
    "high_net_worth_individuals": {
      "raum": 4334460026.0,
      "count": 456
    }
  },
  "compensation_types": [
    "fixed",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "other",
    "portfolio_management_individuals"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "AZ",
    "CA",
    "CO",
    "CT",
    "DC",
    "FL",
    "IL",
    "LA",
    "MA",
    "MD",
    "NC",
    "NE",
    "NH",
    "NJ",
    "NY",
    "OH",
    "PA",
    "SC",
    "TX",
    "VA",
    "VT",
    "WA"
  ],
  "websites": [
    "https://facebook.com/KLINGMANANDASSOCIATES",
    "https://klingmanria.com",
    "https://linkedin.com/company/972321/admin",
    "https://youtube.com/channel/UCFqVlEaE97jugGqELAJ6mUg"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/125618",
  "city_as_filed": "NEW YORK",
  "url": "https://advisorcensus.com/firm/klingman-and-associates-llc-new-york-ny-125618",
  "display_name": "Klingman and Associates, LLC",
  "summary": "Klingman and Associates, LLC is an SEC-registered investment advisory firm in New York, NY, registered since 2007, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated May 1, 2026.",
  "citation": "AdvisorCensus. Klingman and Associates, LLC (CRD 125618): 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": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Other"
  ],
  "quick_answers": [
    {
      "q": "How is Klingman and Associates, LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Klingman and Associates, LLC reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees)."
    },
    {
      "q": "How much does Klingman and Associates, LLC charge?",
      "a": "Its Form ADV Part 2A brochure dated March 19, 2026 states: Flat fee: $5,000 to $300,000 (retainer services). Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is Klingman and Associates, LLC located?",
      "a": "Klingman and Associates, LLC's principal office is in New York, NY, according to its Form ADV."
    },
    {
      "q": "Is Klingman and Associates, LLC registered with the SEC or a state?",
      "a": "Klingman and Associates, LLC is an SEC-registered investment advisory firm, registered since 2007. Status as filed: Approved. CRD 125618."
    },
    {
      "q": "How much does Klingman and Associates, LLC manage?",
      "a": "Klingman and Associates, LLC reports $5,664,692,453 in regulatory assets under management in its Form ADV filing dated May 1, 2026 (73% discretionary)."
    },
    {
      "q": "How have Klingman and Associates, LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Klingman and Associates, LLC: Regulatory assets under management: $2,700,574,582 in the October 2021 data and $5,664,692,453 in the October 2026 data, up 110%. Total employees: 18 in October 2021 and 25 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Klingman and Associates, LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (456); individuals (other than high net worth individuals) (248); pension and profit sharing plans (but not the plan participants or government pension plans) (3)."
    },
    {
      "q": "Which custodians does Klingman and Associates, LLC use?",
      "a": "Klingman and Associates, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Principal Securities, Inc. and Raymond James & Associates, Inc. as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Klingman 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/125618"
    },
    {
      "q": "Does Klingman and Associates, LLC state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated March 19, 2026 says: \"In general, we require a minimum of $2,000,000 to open and maintain an advisory account. At our discretion, we may waive this minimum account size.\""
    },
    {
      "q": "What changed in Klingman and Associates, LLC's recent Form ADV filings?",
      "a": "In the June 2026 filing data: Registered or notice-filed in OH."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 2700574582.0,
      "total_employees": 18,
      "filing_date": "2021-04-13"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 3120211209.0,
      "total_employees": 19,
      "filing_date": "2022-07-26"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 2777261597.0,
      "total_employees": 22,
      "filing_date": "2023-03-08"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 3276784099.0,
      "total_employees": 22,
      "filing_date": "2024-03-14"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 4836523207.0,
      "total_employees": 25,
      "filing_date": "2025-03-20"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 5664692453.0,
      "total_employees": 25,
      "filing_date": "2026-05-01"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-06-01",
      "period_label": "June 2026",
      "notes": [
        "Registered or notice-filed in OH."
      ]
    },
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Regulatory assets under management went from $4,836,523,207 to $5,664,692,453 (+17%).",
        "Registered or notice-filed in IL, VT."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 19, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": "$2,000,000",
    "account_minimum_may_be_waived": true,
    "minimum_annual_fee": null,
    "planning_fees": [
      "Flat fee: $5,000 to $300,000 (retainer services)"
    ],
    "figures": [
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: $2,000,000 (the brochure says it may be waived or negotiated)"
        ],
        "quotes": [
          "In general, we require a minimum of $2,000,000 to open and maintain an advisory account. At our discretion, we may waive this minimum account size."
        ]
      },
      {
        "label": "Planning fee",
        "statements": [
          "Flat fee: $5,000 to $300,000 (retainer services)"
        ],
        "quotes": [
          "K&A charges a fixed fee for retainer services typically ranging from $5,000 to $300,000, as agreed upon in your client agreement,"
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": 2000000.0,
      "minimum_annual_fee": null,
      "planning": [
        {
          "kind": "flat",
          "amount": null,
          "min": 5000.0,
          "max": 300000.0,
          "period": null,
          "service": "retainer services"
        }
      ]
    },
    "quotes": [
      "In general, we require a minimum of $2,000,000 to open and maintain an advisory account. At our discretion, we may waive this minimum account size.",
      "K&A charges a fixed fee for retainer services typically ranging from $5,000 to $300,000, as agreed upon in your client agreement,"
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Principal Securities, Inc.",
      "name_as_filed": "PRINCIPAL SECURITIES, INC.",
      "affiliated": false
    },
    {
      "name": "Raymond James & Associates, Inc.",
      "name_as_filed": "RAYMOND JAMES & ASSOCIATES, INC.",
      "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/klingman-and-associates-llc-new-york-ny-125618.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 248,
      "fewer_than_5": false,
      "raum": 98948678.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 456,
      "fewer_than_5": false,
      "raum": 4334460026.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 3,
      "fewer_than_5": true,
      "raum": 1205316096.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 2,
      "fewer_than_5": true,
      "raum": 25967653.0
    }
  ],
  "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/125618",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}