Kahn Brothers Advisors Llc
- Regulatory AUM
- $499M
- Discretionary
- $491M
- Clients
- 347
- Avg AUM / client
- $1.4M
- Accounts
- 351
- Employees
- 6
AUM over time
Annual snapshots from Form ADV filings · as of Mar 31, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 200 | $81.2M | 16.3% |
| High net worth individuals | 142 | $363M | 72.8% |
| Charitable organizations | Fewer than 5 clients | $30.3M | 6.07% |
| Corporations and other businesses | 5 | $23.9M | 4.8% |
Retirement plan clients
Plans that reported this firm as an investment service provider on Form 5500 Schedule C.
| Plan | Location | Plan year |
|---|---|---|
| The Travelers Pension Plan Travelers Companies, Inc. | 2024 |
People (5)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Thomas Graham Kahn | Chairman,President, Treasurer, Chief Compliance Officer, Allied Member, Stockholder & Director | CFA | Jul 1978 (48y) | ≈ 37.5% – 75% via Kahn Brothers Group, Inc. |
| Demarco, Karen, Ann | Vice President | Mar 2006 (20y) | Less than 5% | |
| Kahn, Andrew, S | Senior Vice President & Director | Aug 2014 (12y) | Less than 5% | |
| Pui Ho Ip | Registered representative | Apr 2022 (4y) | ||
| Patrick Robert Stadelhofer | Registered representative | CFA | Sep 2023 (3y) |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Kahn Brothers Group, Inc. | Parent Company | Jul 2007 | A | 75% or more |
| Kahn, Phyllis | Stockholder | Jan 2015 | B | ≈ 18.75% – 50% via Kahn Brothers Group, Inc. |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Thomas Graham Kahn: 50% – 75% of Kahn Brothers Group, Inc. × 75% – 100% direct ≈ 37.5% – 75% of the firm
- Kahn, Phyllis: 25% – 50% of Kahn Brothers Group, Inc. × 75% – 100% direct ≈ 18.75% – 50% of the firm
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.
Retirement plans served (1)
| Plan | Sponsor | Participants | Plan assets | As of |
|---|---|---|---|---|
| The Travelers Pension Plan | Travelers Companies, Inc. | 27,531 | $4.2B | 01/01/2024 |
From Form 5500 service-provider disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/31/2026 | 1.2 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
Allegations: ON JUNE 6, 2022 KAHN BROTHERS ADVISORS AND THOMAS KAHN AGREED TO A SETTLEMENT WITH THE SEC THROUGH AN ORDER INSTITUTING ADMINISTRATIVE PROCEEDINGS IN WHICH THE PARTIES DID NOT ADMIT OR DENY A NARRATIVE OF EVENTS CONCERNING AGGREGATION, DISCLOSURE AND PROCEDURES RELATED TO CLIENTS BROKERING WITH AN AFFILIATED BROKER-DEALER. Status: Final Sanction Detail: MONETARY FINE OF $250,000, DISGORGEMENT OF $701,799 AND PREJUDGMENT INTEREST OF $146,100 WERE PAID IN FULL ON 06/16/2022. Summary: KAHN BROTHERS ADVISORS NOTIFIED ADVISORY CLIENTS OF THE ORDER PURSUANT TO PARAGRAPH 25 BY 07/06/2022 AS REQUIRED AND OBTAINED SEC STAFF APPROVAL FOR THE COVER LETTER TO ACCOMPANY THE ORDER. IT UPDATED ITS POLICIES AND PROCEDURES AND DISCLOSURE DOCUMENTS IN EARLY 2020 AND FURTHER REVISED DISCLOSURE DOCUMENTS PURSUANT TO PARAGRAPH 26 BY 07/21/2022 AS REQUIRED. ITS AFFILIATED BROKER-DEALER REVISED ITS COMMISSION STRUCTURE FOR KAHN BROTHERS ADVISORS' ADVISORY CLIENTS AND ADDRESSED PARAGRAPH 27 BY 08/06/2022. FOLLOWING THE COMPLETION OF THESE ITEMS, THE FIRM CERTIFIED IN WRITING AS REQUIRED ITS COMPLETION OF THE ABOVE UNDERTAKINGS.
Disclosure text reproduced verbatim from the firm's own Form ADV filings.
How they charge
- • Percentage of assets under management
- • Performance-based fees
Services
- • Portfolio management for individuals/small businesses
- • Portfolio management for businesses/institutional clients
Custody
Reported custodians
- Pershing $304M (61% of AUM) Mar 2026
- Charles Schwab & Co. $192M (39% of AUM) Mar 2026
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 31, 2026.
View current Form ADV (SEC/IAPD) ↗