Lawrence W. Kelly & Associates, Inc.
- Regulatory AUM
- $540M
- Discretionary
- $540M
- Clients
- 83
- Avg AUM / client
- $6.5M
- Accounts
- 83
- Employees
- 5
AUM over time
Annual snapshots from Form ADV filings · as of Mar 26, 2026
Investments (13F portfolio — 124 positions, $359,711,932)
13F period Mar 31, 2026| # | Issuer | Class | Value | Shares | % of 13F | % of AUM |
|---|---|---|---|---|---|---|
| 1 | Alphabet Inc Cap Stk Cl A | COM | $32,369,479 | 112,566 | 9.0% | 5.99% |
| 2 | Apple, Inc. | COM | $27,978,847 | 110,244 | 7.78% | 5.18% |
| 3 | Advanced Micro Devices | COM | $24,813,781 | 121,977 | 6.9% | 4.59% |
| 4 | Costco Wholesale | COM | $24,236,115 | 24,323 | 6.74% | 4.49% |
| 5 | Intercontinental Exchange Grou | COM | $13,875,713 | 88,223 | 3.86% | 2.57% |
| 6 | Capital One Finl Corp | COM | $12,973,144 | 71,113 | 3.61% | 2.4% |
| 7 | Visa Inc Cl A | COM | $12,625,472 | 41,773 | 3.51% | 2.34% |
| 8 | Generac Hldgs Inc. | COM | $12,059,869 | 61,741 | 3.35% | 2.23% |
| 9 | Johnson & Johnson | COM | $11,680,590 | 47,785 | 3.25% | 2.16% |
| 10 | Amazon Com Inc Com | COM | $10,936,258 | 52,510 | 3.04% | 2.02% |
| 11 | Service Now Inc | COM | $10,468,069 | 100,125 | 2.91% | 1.94% |
| 12 | Palo Alto Networks Inc. Com | COM | $10,449,658 | 65,180 | 2.91% | 1.93% |
| 13 | Alphabet Inc Cap Stk Cl C | COM | $10,305,159 | 35,924 | 2.86% | 1.91% |
| 14 | Unitedhealth Group Inc. | COM | $9,889,794 | 36,549 | 2.75% | 1.83% |
| 15 | Roper Technologies Inc | COM | $9,553,866 | 26,999 | 2.66% | 1.77% |
| 16 | Applied Materials Inc. | COM | $9,392,389 | 27,480 | 2.61% | 1.74% |
| 17 | Broadridge Financial Solutions | COM | $9,359,660 | 57,605 | 2.6% | 1.73% |
| 18 | Pepsico Inc | COM | $9,103,243 | 58,621 | 2.53% | 1.69% |
| 19 | Credo Technology Group Ord Shs | COM | $8,434,219 | 89,850 | 2.34% | 1.56% |
| 20 | Kinsale Cap Group Inc. | COM | $7,655,576 | 22,407 | 2.13% | 1.42% |
| 21 | Hims & Hers Health Inc Com Cl | COM | $6,933,736 | 333,995 | 1.93% | 1.28% |
| 22 | Repligen Corp | COM | $6,417,655 | 54,470 | 1.78% | 1.19% |
| 23 | Woodward Inc | COM | $5,937,535 | 16,589 | 1.65% | 1.1% |
| 24 | Aflac Inc. | COM | $5,018,354 | 45,742 | 1.4% | 0.93% |
| 25 | Home Depot Inc | COM | $4,191,703 | 12,745 | 1.17% | 0.78% |
Top 25 of 124 positions from the manager's latest Form 13F · source filing (EDGAR) ↗. 13F covers long US-listed positions only. "% of AUM" is share of the firm's total regulatory AUM (Form ADV Item 5.F).
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 17 | $9.8M | 1.81% |
| High net worth individuals | 61 | $526M | 97.3% |
| Charitable organizations | 5 | $4.7M | 0.88% |
People (2)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Nicholas J Welsh | Chief Executive Officer, Director And Shareholder | CFA | Oct 2004 (22y) | 75% or more |
| Michael Clay Stewart | Chief Compliance Officer | CFA | Jan 2011 (16y) | Less than 5% |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/26/2026 | 906 KB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Fixed fees
Services
- • Portfolio management for individuals/small businesses
Custody
Reported custodians
- State Street $208M (22% of AUM) Jun 2020
- U.S. Bank $187M (35% of AUM) Mar 2026
- Charles Schwab & Co. $183M (34% of AUM) Mar 2026
- Midfirst Bank $91.1M (17% of AUM) Mar 2025
- Fidelity Brokerage Services $89.9M (17% of AUM) Mar 2026
- J.P. Morgan $80.6M (16% of AUM) Mar 2021
- Morgan Stanley $49.4M (11% of AUM) Mar 2023
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports it does not have custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 26, 2026.
View current Form ADV (SEC/IAPD) ↗