Wealth manager, independent · New York, NY
Klingman and Associates, LLC
SEC-registered investment adviser · CRD 125618 · SEC 801-67783
At a glance
Klingman and Associates, LLC is an SEC-registered investment adviser based in New York, New York, with $5.7B in regulatory assets under management as of its Form ADV filed May 1, 2026. It reports 704 individual clients, 456 of them high-net-worth, holding an average of about $6.3 million each, and 25 employees. That ranks it 184th among the nation’s 5,657 independent wealth management RIAs and 22nd of 408 in New York. It reports 2 custodians for its clients’ separately managed accounts: Raymond James and Principal Securities.
Main office 212-867-7647klingmanria.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $5.7B
- Rank among independent wealth managers
- #184 of 5,657
- Rank among all SEC RIAs
- #1,930 of 17,210
- Rank in New York
- #22 of 408
- Individual clients
- 704
- High-net-worth clients
- 456
- Accounts
- 3,532
- Discretionary
- 73% of AUM
- Employees
- 25
- Advisory staff
- 14
- Offices
- 1
Owners and executives on its Form ADV
- Gerard A. KlingmanPresident/managing Member
- Michael D. PaleyChief Compliance Officer/chief Operating Officer
- Thomas J. KlingmanWealth Advisor
- Daniel M. DelmoroDirector of Investments
Custody and brokerage
Broker-dealer
No broker-dealer ties
Klingman and Associates, LLC reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 456 | $4.3B | 77% |
| Pension and profit sharing plans | 3 | $1.2B | 21% |
| Individuals | 248 | $99M | 2% |
| Charitable organizations | 2 | $26M | <1% |
Disciplinary disclosures
Klingman and Associates, LLC reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
- Other services
How it’s paid
- A percentage of assets under management
- Fixed fees
Form ADV and brochures on the SEC’s adviser search ↗klingmanria.com ↗
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- Assets, accounts, clients and staff, ten years of filings
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- Rank against 730 peers of its type and size
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Similar-size RIAs in New York
All of New York →| Firm | Regulatory AUM | Clients |
|---|---|---|
| Cannell & Spears LLCNew York | $7.0B | 2,394 |
| Stelac Advisory Services LLCNew York | $6.3B | 98 |
| J. Safra Asset Management CorporationNew York City | $6.3B | 3,374 |
| SavvyNew York | $5.0B | 4,552 |
| Compound Planning, Inc.New York | $4.8B | 11,480 |
| Klingenstein Fields AdvisorsNew York | $4.7B | 1,237 |
Background
Questions
How much does Klingman and Associates, LLC manage?
Klingman and Associates, LLC reports $5.7B in regulatory assets under management across 3,532 accounts, 73% of it on a discretionary basis, on its Form ADV filed May 1, 2026.
How many clients does Klingman and Associates, LLC have?
It reports 704 individual clients: 456 high-net-worth individuals and 248 other individuals. Individuals account for about 78% of its regulatory assets.
Where is Klingman and Associates, LLC headquartered?
Its main office is in New York, New York. It reports 1 office in total and 25 employees, 14 of whom perform investment advisory functions.
How does Klingman and Associates, LLC charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; fixed fees. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
What custodian does Klingman and Associates, LLC use?
It reports 2 custodians for its clients’ separately managed accounts: Raymond James and Principal Securities. On Schedule D of its Form ADV filed May 1, 2026, it reports these amounts held: Raymond James ($3.7B); Principal Securities ($1.2B). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Klingman and Associates, LLC a hybrid RIA with a broker-dealer?
Klingman and Associates, LLC reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Is Klingman and Associates, LLC a fiduciary?
As an SEC-registered investment adviser, Klingman and Associates, LLC owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. It reports no employees who are registered representatives of a broker-dealer.
Where these numbers come from
Every figure is Klingman and Associates, LLC’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 (2026-05-01), 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). Its national rank compares it with every US-based independent wealth management RIA, the same field as The Largest RIAs. 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 →