Kelleher Financial Advisors, LLC (New York)

Name: Kelleher Financial Advisors, LLC
Address: 100 Wall Street, New York, NY, 10005
Telephone: 212-709-9400

Kelleher Financial Advisors, LLC is a large advisory firm based in New York. It manages $343.48 million of regulatory assets for 535 client accounts. It has been registered with the SEC as an adviser since 2019 and has operated in the jurisdictions of Arizona, California, Colorado, and 15 other states.

Kelleher Financial Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Kelleher Financial Advisors: assets under management

The assets under management (AUM) of Kelleher Financial Advisors, LLC is $343.48 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -8% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $343.48 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $642.03 thousand each.

Kelleher Financial Advisors has custody of $300.73 million in cash and securities for 502 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 66% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 20% of the firm’s portfolio. Investments in cash and cash equivalents form 12% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Kelleher Financial Advisors, LLC for their services and products based on a percentage of assets under management, hourly charges, fixed fees, commissions, and performance-based fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Kelleher Financial Advisors serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Kelleher Financial Advisors is high net worth individuals with 225 clients and $279.47 million of assets under management. Among the 9 most similar advisory firms, Kelleher Financial Advisors has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $317.01 million for 471 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Kelleher Financial Advisors doesn't advise any private funds.

Careers at Kelleher Financial Advisors, LLC

The company employs 9 people that are either part- or full-time employees. 33 percent of the employees work as investment advisers or researchers. 3 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Based in New York

The principal office where Kelleher Financial Advisors, LLC performs its advisory services is located at 100 Wall Street, New York, NY 10005, which is also the mailing address of the firm. An additional office of the firm is in Portland, ME. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-709-9400 or by fax 212-709-9870. The normal business hours are 8:30 - 5:30 on Monday - Friday. You can find more information about the New York firm at wsaccess.com.