Wealth manager, independent · Bohemia, NY
Federal Prep
Federal Prep Advisors, Inc. · SEC-registered investment adviser · CRD 282663 · SEC 801-118329
At a glance
Federal Prep is an SEC-registered investment adviser based in Bohemia, New York, with $80 million in regulatory assets under management as of its Form ADV filed July 1, 2026. Its largest client group by assets is individuals, and it reports 637 individual clients. By Form ADV it is a wealth manager, ranked 8,389th of 8,915 wealth managers and 15,627th of 17,210 SEC-registered advisers by assets.
Main office 631-750-6499federalprep.comAs filed on Form ADV
- Regulatory AUM
- $80M
- Rank among wealth managers
- #8,389 of 8,915
- Rank among all SEC RIAs
- #15,627 of 17,210
- Rank in New York
- #2,243 of 2,591
- Individual clients
- 637
- High-net-worth clients
- 0
- Accounts
- 637
- Discretionary
- 0% of AUM
- Employees
- 5
- Advisory staff
- 3
- Offices
- 5
Owners and executives on its Form ADV
- Michael A. KerperChairman/ceo
- Andrew L. KerperChief Compliance Officer
Custody and brokerage
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| Individuals | 637 | $80M | 100% |
Disciplinary disclosures
Federal Prep answers yes to 3 disclosure items in Item 11 of Form ADV (criminal, regulatory or civil matters involving the firm or its advisory affiliates). Read the details on the SEC’s adviser search ↗
Services
- Portfolio management for individuals and small businesses
- Selecting other advisers
- Educational seminars and workshops
How it’s paid
- A percentage of assets under management
Form ADV and brochures on the SEC’s adviser search ↗federalprep.com ↗
AtlasMembers
The full record on Federal Prep
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, 5 years of filings
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- Growth over one, three and five years
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- Rank against 3,547 peers of its type and size
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- Owners and executives, with titles and stakes
- 2 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
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Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Background
Questions
How much does Federal Prep manage?
Federal Prep reports $80 million in regulatory assets under management across 637 accounts, on its Form ADV filed July 1, 2026.
What kind of firm is Federal Prep?
Federal Prep is a wealth manager by its Form ADV answers. At least half of its regulatory assets are managed for individuals and high-net-worth individuals.
Who are Federal Prep’s clients?
By assets, its largest client types are individuals ($80 million, 637 clients).
Does Federal Prep have any disciplinary history?
Federal Prep answers yes to 3 disclosure items in Item 11 of Form ADV, which covers criminal, regulatory and civil matters involving the firm or its advisory affiliates. The details are on the SEC’s adviser search.
Where these numbers come from
Every figure is Federal Prep’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-07-01), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Ranks compare it by regulatory assets with every SEC-registered adviser and with firms of its type. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →