DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

SEC-registered adviser

Kahn Brothers Advisors LLC

Independent wealth managerNew York, New YorkCRD 144368SEC 801-14146websiteIAPD
Latest filing Sep 16, 2026
First filing on the tape Mar 30, 2012 · 39 filings
SEC status approved since Oct 17, 1978
RAUM
$499M
reported, Item 5.F
Discretionary
98%
of RAUM
Private clients
89%
$444M individuals and HNW
Advisors
3
registered through the firm on IAPD
RAUM per advisor
$166M
derived; firm RAUM over IAPD count
Employees
5
2 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
39 filings and snapshots on the tape
RAUM$499M as of Mar 31, 2026
Mar 30, 2012$570M then
HNW client RAUM$363M as of Mar 31, 2026
Mar 23, 2018$0 then
State-registered IARs (5.B.3)3 as of Mar 31, 2026
Mar 28, 20131 then
Employees (5.A)6 as of Mar 31, 2026
Mar 28, 20138 then
Private funds: no history
RAUM +15% over the last fiscal year-11% a year over threeIARs 3 to 2
Practice profile
derived from the filing of Sep 16, 2026; every figure names its basis
Archetypes, each a printed rule
  • HNW wealth manager · private-client share of RAUM at least 50 percent and HNW share of private-client RAUM 50 to 90 percent
  • Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
RAUM per advisor
$166MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
114derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$2.6MderivedHNW RAUM over HNW clients
Average account
$1.4MderivedRAUM over accounts (5.F.2.f)
Discretionary
98%derivedof RAUM
Institutional
6.1%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.7derivedItem 5.A over advisors
Advisors per office
3.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+15%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
-6.3%derived
Compensation
percentage of assets, performance-basedreportedItem 5.E
Advisory activities
portfolio management for individuals, portfolio management for businesses and institutionsreportedItem 5.G
Wrap fee program
participatesreportedItem 5.I
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • buys or sells securities as principal to or from clients (8.A.2)
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • receives research or other products from a broker-dealer, soft dollars (8.E)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$363M73%
  • Individuals$81.2M16%
  • Charitable organizations$30.3M6.1%
  • Corporations and businesses$23.9M4.8%
Individual clients
200reported
HNW clients
142reported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
351reported
Financial planning clients
n/areported
Wrap fee programs
$0 sponsored, $1.8M managedreported
Custody of client assets
noreported
Compensation
% of AUM, performancereported
Class basis
private_client_share=0.89 fund_share=0.0 institutional_share=0.06 related_bd=true related_bank=false bd_reps=5.0derived
Advisors registered through the firm
3 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
Thomas Graham KahnChartered Financial AnalystNew York, NyJul 16, 201045 y1
Pui Ho IpNew York, NyApr 1, 202225 y1
Patrick Robert StadelhoferChartered Financial AnalystNew York, NySep 13, 202314 y0
Advisor movement
0 left, 0 joined in 12 months
net 0 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Left, latest
none on the tape
    Joined, latest
    Private funds
    No private fund reported.
    Owners and control persons
    Schedule A and B, latest filing
    • Graham Thomas Kahn · Chairman,President, Treasurer, Chief Compliance Officer, Allied Member, Stockholder & Directorcontrol
      since 07/1978 · owns less than 5%
    • Phyllis Kahn · Stockholdercontrol
      since 01/2015 · owns 25% to 50% of Kahn Brothers Group, Inc.
    • Graham Thomas Kahn · Chairman, President, Treasurer, Chief Compliance Officer, Allied Member, Stockholder, Directorcontrol
      since 07/1978 · owns 50% to 75% of Kahn Brothers Group, Inc.
    • Ann Karen Demarco · Vice President
      since 03/2006 · owns less than 5%
    • S Andrew Kahn · Senior Vice President & Director
      since 08/2014 · owns less than 5%
    Entity owners
    • Kahn Brothers Group, Inc. · Parent Company
      direct · owns 75% or more
    Related persons
    Schedule D 7.A
    Advisers that list Kahn Brothers Advisors LLC as a related person
    Office movement
    IAPD branch city; joins and departures in 12 months
    OfficeAdvisorsJoinedLeftTeams outForming
    New York, Ny · principal300
    Offices
    Schedule D 1.F, the 25 largest
    No branch office listed.
    ADV anomalies
    1 against comparable advisers; where to look, not conclusions
    • very high RAUM per advisorStatic outlier · filing Sep 16, 2026
      RAUM per registered advisor of $166,199,044 against a peer median of $55,716,044 (3252 comparable advisers, 100.0th percentile, 3.9 robust deviations)
      peers: independent wealth managers, $100M to $500M (3,252) · 100% percentile
    What changed
    consecutive filings, newest first
    • Advisory employees · 3 to 2
      Mar 31, 2026 to Sep 16, 2026
    • BD registered reps · 6 to 5
      Mar 31, 2026 to Sep 16, 2026
    • Employees · 6 to 5
      Mar 31, 2026 to Sep 16, 2026
    • Insurance-licensed employees · 3 to 2
      Mar 31, 2026 to Sep 16, 2026
    • Financial planning clients · to unset
      Mar 31, 2026 to Sep 16, 2026
    • State-registered IARs · 3 to 2
      Mar 31, 2026 to Sep 16, 2026
    • Succession · false to unset
      Mar 31, 2026 to Sep 16, 2026
    • Accounts · 376 to 351
      Mar 31, 2025 to Mar 31, 2026
    • Corporate clients · 8 to 5
      Mar 31, 2025 to Mar 31, 2026
    • HNW clients · 122 to 142
      Mar 31, 2025 to Mar 31, 2026
    • Individual clients · 243 to 200
      Mar 31, 2025 to Mar 31, 2026
    • Discretionary RAUM · $428M to $491M
      Mar 31, 2025 to Mar 31, 2026
    • HNW RAUM · $286M to $363M
      Mar 31, 2025 to Mar 31, 2026
    • Individual RAUM · $99.0M to $81.2M
      Mar 31, 2025 to Mar 31, 2026
    • Non-discretionary RAUM · $6.4M to $7.6M
      Mar 31, 2025 to Mar 31, 2026
    • RAUM · $434M to $499M
      Mar 31, 2025 to Mar 31, 2026
    • Wrap assets (manager) · $3.0M to $1.8M
      Mar 31, 2025 to Mar 31, 2026
    • Accounts · 394 to 376
      Mar 29, 2024 to Mar 31, 2025
    • Corporate clients · unset to 8.0
      Mar 29, 2024 to Mar 31, 2025
    • HNW clients · 168 to 122
      Mar 29, 2024 to Mar 31, 2025
    • Individual clients · 220 to 243
      Mar 29, 2024 to Mar 31, 2025
    • Pooled vehicle clients · 0.0 to unset
      Mar 29, 2024 to Mar 31, 2025
    • Financial planning clients · unset to
      Mar 29, 2024 to Mar 31, 2025
    • Discretionary RAUM · $610M to $428M
      Mar 29, 2024 to Mar 31, 2025
    • HNW RAUM · $449M to $286M
      Mar 29, 2024 to Mar 31, 2025
    • Individual RAUM · $85.4M to $99.0M
      Mar 29, 2024 to Mar 31, 2025
    • Non-discretionary RAUM · $11.2M to $6.4M
      Mar 29, 2024 to Mar 31, 2025
    • Pension RAUM · 48596174.0 to unset
      Mar 29, 2024 to Mar 31, 2025
    • Pooled vehicle RAUM · 0.0 to unset
      Mar 29, 2024 to Mar 31, 2025
    • RAUM · $621M to $434M
      Mar 29, 2024 to Mar 31, 2025
    • Accounts · 406 to 394
      Mar 31, 2023 to Mar 29, 2024
    • BD registered reps · 5 to 6
      Mar 31, 2023 to Mar 29, 2024
    • Charity clients · 2.0 to unset
      Mar 31, 2023 to Mar 29, 2024
    • Corporate clients · 4.0 to unset
      Mar 31, 2023 to Mar 29, 2024
    • HNW clients · 180 to 168
      Mar 31, 2023 to Mar 29, 2024
    • Individual clients · 216 to 220
      Mar 31, 2023 to Mar 29, 2024
    • Pension plan clients · 2.0 to unset
      Mar 31, 2023 to Mar 29, 2024
    • Pooled vehicle clients · 2 to 0
      Mar 31, 2023 to Mar 29, 2024
    • Insurance-licensed employees · 0 to 3
      Mar 31, 2023 to Mar 29, 2024
    • State-registered IARs · 1 to 3
      Mar 31, 2023 to Mar 29, 2024
    Signals
    3 dated events
    • Kahn Brothers Advisors Llc reported RAUM $434.0M, down 30% from $621.5M (2024-03-29 to 2025-03-31)
      Mar 31, 2025 · RAUM change · derived
    • Kahn Brothers Advisors Llc reported RAUM $690.0M, up 33% from $518.1M (2021-03-31 to 2022-03-31)
      Mar 31, 2022 · RAUM change · derived
    • Kahn Brothers Advisors Llc reported RAUM $518.1M, down 26% from $702.4M (2021-01-15 to 2021-03-31)
      Mar 31, 2021 · RAUM change · derived
    Across DFX
    shared identifiers only, never a name match
    No identifier-backed link to the venture, private equity, family office or sponsor graphs.
    How to reach
    public business contact points only, each with its source
    Business email
    inquiry@kahnbrothers.comreportedpublished by the firm, firm site, Sep 17, 2026
    Business phone
    212-980-5050reportedpublished by the firm, firm site, Sep 17, 2026
    Firm profile
    linkedin.com/company/kahn-brothers/aboutreportedpublic record, Form ADV, Sep 17, 2026
    Website
    kahnbrothers.comreportedpublic record, Form ADV, Sep 17, 2026
    Principal office phone
    212-980-5050reportedpublic record, Form ADV, Sep 16, 2026
    Provenance
    Form ADV
    SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
    Advisors
    IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
    Class
    Independent wealth managerderiveda rule over Items 5.D and 7.A
    RAUM per advisor
    $166Mderivedfirm RAUM over the IAPD count; not a book size
    Loaded
    Sep 14, 2026