Kahn Brothers Advisors LLC

Kahn Brothers Advisors LLC is a Registered Investment Adviser founded in 1978 and registered with the SEC. The firm is privately held and primarily owned by Kahn Brothers Group Inc., Thomas Graham Kahn, and Phyllis Kahn. As of December 31, 2024, the firm had approximately $434,000,000 of assets under management, with both discretionary and non-discretionary accounts. Kahn Brothers Advisors serves both non-institutional and institutional clients, offering customization within a value investing framework. The firm primarily invests in publicly traded equities using a modified Graham and Dodd value investing style developed since its inception. Their investment strategy focuses on long-term total returns exceeding benchmarks with protections against permanent capital loss. The firm charges advisory fees based on a percentage of assets under management, typically up to 1%. Clients may pay fees in advance or in arrears, and performance-based fees may be assessed in some accounts. Kahn Brothers Advisors does not sponsor wrap fee programs but manages accounts under such programs sponsored by Morgan Stanley Smith Barney LLC. The firm does not receive soft dollars, and clients hold their assets at outside institutions. Clients grant the firm broad discretionary authority over their portfolios, with the ability to set investment parameters. Kahn Brothers Advisors typically votes proxy ballots on behalf of clients, following internal policies to maximize clients' long-term financial interests. The firm has no financial conditions impairing its ability to meet contractual commitments.