Kahn Brothers Advisors LLC

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Client assets under management

$444,411,150

Clients

342

42% high-net worth

Advisors

of 6 employees

Firm type

Supported

1-3 advisors or $200M+ in AUM

Clients per advisor

114

Very High

Average account size

$1,299,448

About

Kahn Brothers Advisors LLC provides discretionary and non‑discretionary portfolio management to individual (including high‑net‑worth) and institutional clients, primarily through equity‑focused strategies. The firm offers customized accounts within its modified value investing framework and also serves as manager or sub‑advisor for some third‑party wrap‑fee programs.

The firm follows a modified value investing approach rooted in the Irving Kahn/Benjamin Graham tradition, emphasizing bottom‑up fundamental analysis and multi‑year holding periods (typically three to five years or longer). Portfolios may include U.S. public equities across market capitalizations, occasional holdings in less liquid or special‑situation securities, and the firm will hold cash when attractive opportunities are scarce.

Kahn Brothers is affiliated with an in‑house broker‑dealer (Kahn Brothers LLC) and with several related investment entities that advise limited partnerships, arrangements the brochure identifies as creating potential conflicts of interest tied to brokerage commissions and 12b‑1 payments. The firm discloses that it assesses performance‑based fees in some accounts and was subject to an SEC settlement in June 2022 concerning practices related to clients brokering with its affiliated broker‑dealer, which resulted in a $250,000 penalty, disgorgement of $701,799 and $146,100 in prejudgment interest.

Client services

Portfolio management

Expertise

Wealth management

Occupation focus

Founder/Business Owner

Fee options

Performance-based

Negotiated percentage of net profits of the account, adjusted for contributions and withdrawals, may include high water mark and/or performance hurdle

Other

Account minimum: $5,000,000

Main office location

Kahn Brothers Advisors LLC

555 Madison Ave, Suite 1303

New York NY 10022, United States

Number of offices

Most active in

Arizona · California · Colorado · Connecticut · Florida · Louisiana · Maine · Maryland · Massachusetts · Minnesota · Nevada · New Hampshire · New Jersey · New York · Ohio · Oregon · Pennsylvania · South Carolina · Texas · Utah · Virginia · Wisconsin

Disclosures

Business activities & affiliations

Is active or affiliated with:

Broker-dealer / trader

They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.

Fund sponsor

They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.

Is not active or affiliated with:

Insurance agent

They sell insurance products and may earn commissions on those sales.

Bank

They're affiliated with a bank that may offer its own financial products and services.

Trust company

They provide trust and estate administration services, typically for separate fees.

Accountant / CPA / tax prep

They offer tax and accounting services, typically for separate fees.

Lawyer

They provide legal services, typically billed separately.

Real estate agent

They facilitate real estate transactions and may earn commissions.

Other specialized services

They may provide services such as pension consulting or municipal advisory work, typically for separate fees.

Forms ADV

Form ADV Part 2: Client Brochure Form ADV Part 3: Client Relationship

Quick links

LinkedIn Website 212-980-5050

Advisors at this firm

Pui Ho I

Series 63, Series 66

New York, NY

Kahn Brothers Advisors LLC

Pui Ho Ip is a financial advisor at Kahn Brothers Advisors LLC with 24 years of industry experience. He has previously worked at Raymond James & Associates, Inc. and Stifel, Nicolaus & Company, Incorporated. Kahn Brothers Advisors LLC provides discretionary and non-discretionary portfolio management primarily to individuals, high-net-worth clients, and institutional investors. The firm employs a modified Graham and Dodd value investing approach, focusing on bottom-up fundamental analysis to identify undervalued or special-situation opportunities across market capitalizations.

Wealth management Founder/Business Owner

Thomas K

CFA®, Series 63, Series 65

New York, NY

Kahn Brothers Advisors LLC

Thomas Kahn is a CFA® charterholder with 56 years of industry experience. He has been a manager and analyst at Kahn Brothers Advisors LLC and related entities since 1978 and currently serves at Kahn Brothers Advisors LLC. Kahn Brothers Advisors LLC provides discretionary and non-discretionary portfolio management primarily for individuals, high-net-worth clients, and institutional investors. The firm employs a modified Graham and Dodd value investing approach focused on bottom-up fundamental analysis to identify undervalued opportunities across market capitalizations, with typical holding periods of three to five years or longer.

Wealth management Founder/Business Owner

Patrick S

CFA®, Series 63, Series 66

New York, NY

Kahn Brothers Advisors LLC

Patrick Stadelhofer is a CFA® charterholder and financial advisor at Kahn Brothers Advisors LLC with three years of industry experience. He previously worked at Atlantic Lion Investments and VGI Partners. Kahn Brothers Advisors LLC provides discretionary and non-discretionary portfolio management to individuals, high-net-worth clients, and institutional investors, focusing primarily on publicly traded equity portfolios. The firm employs a modified Graham and Dodd value investing approach based on bottom-up fundamental analysis and typically holds investments for three to five years or longer.

Wealth management Founder/Business Owner

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