{"url":"https://nivawealth.com/firms/hallador-investment-advisors-141335","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/141335","regulatoryAum":270651350,"crd":"141335","history":[{"filedOn":"2021-03-29","regulatoryAum":282073808,"clients":26,"employees":8,"offices":2},{"filedOn":"2022-03-31","regulatoryAum":354149775,"clients":28,"employees":7,"offices":2},{"filedOn":"2023-03-31","regulatoryAum":295649263,"clients":33,"employees":8,"offices":2},{"filedOn":"2024-03-28","regulatoryAum":306690413,"clients":26,"employees":10,"offices":2},{"filedOn":"2025-03-31","regulatoryAum":315377705,"clients":14,"employees":9,"offices":3},{"filedOn":"2026-09-04","regulatoryAum":270651350,"clients":16,"employees":9,"offices":3}],"secFileNumber":"801-67056","legalName":"Hallador Investment Advisors, Inc.","displayName":"Hallador Investment Advisors","slug":"hallador-investment-advisors-141335","website":"https://hallador.com/","logo":{"src":"https://rmkhnxnbeclogprvkfyl.supabase.co/storage/v1/object/public/firm-logos/141335/118d2aa8412b0cfb-r1.webp","tone":"light","width":668,"height":200,"sourceUrl":"https://hallador.com/","sourceLabel":"Hallador Investment Advisors, Inc., website"},"classification":{"segment":"private_funds","segmentLabel":"Private funds","type":"private_fund_manager","typeLabel":null,"feeDisclosure":"payment_only"},"linkedinUrl":"https://www.linkedin.com/company/hallador","founded":null,"organization":"Delaware corporation","fiscalYearEnd":"December","headquarters":{"street":"5485 Kietzke Lane","city":"Reno","state":"NV","stateName":"Nevada","country":"United States","postalCode":"89511"},"tradeNames":[],"registration":{"secApproved":"9 August 2006","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":811058.1111111111,"staff":{"employees":9,"advisory":4,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":270651350,"discretionary":270651350,"discretionaryAccounts":14,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":2},"clientTypes":[{"label":"Individuals (other than HNW)","clients":1,"regulatoryAum":7123},{"label":"High-net-worth individuals","clients":8,"regulatoryAum":7292400},{"label":"Pooled investment vehicles","clients":7,"regulatoryAum":263351827}],"feePrograms":[],"brochureCoverage":{"scope":"known_documents","status":"not_processed","checkedAt":null,"documents":[]},"custodians":[{"name":"National Financial Services LLC","shortName":"Fidelity","location":"San Francisco, CA","smaAssets":7299523}],"custodyNote":"Hallador Investment Advisors has custody of $3.51M in client assets for 3 clients.","otherCustodians":[],"leadership":[{"name":"Kevin Leary","title":"President and CEO","crd":"6555053"},{"name":"Aileen Hourigan","title":"Chief Financial Officer/Chief Compliance Officer","crd":"7072949"},{"name":"David Hardie","title":"Executive Chairman of the Board","crd":"1340773"}],"ownership":[{"label":"David Hardie","detail":"Executive chairman of the board in the 75% or more ownership band and a control person, since May 2004."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":2,"privateResidences":0},"listedOfficeAddresses":3,"foreignOffices":[],"officesByState":[{"state":"Connecticut","offices":1,"addresses":[{"street":"55 Post Road West","city":"Westport"}]},{"state":"Nevada","offices":1,"addresses":[{"street":"5485 Kietzke Lane","city":"Reno","headquarters":true}]},{"state":"Texas","offices":1,"addresses":[{"street":"10711 Preston RD","city":"Dallas"}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"775-548-1730","stateRegisteredReps":1,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Performance-based fees","Other"],"activities":["Portfolio management for individuals and/or small businesses","Portfolio management for pooled investment vehicles (other than investment companies)","Selection of other advisers (including private fund managers)"],"financialPlanningClients":null,"assetMix":[{"label":"Exchange-traded equity securities","percent":37},{"label":"Securities issued by registered investment companies or business development companies","percent":25},{"label":"Securities issued by pooled investment vehicles (other than registered investment companies)","percent":3},{"label":"Cash and cash equivalents","percent":35}],"privateFunds":6},"sources":{"adv1FilingDate":"4 September 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/141335/PDF/141335.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-21","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Hallador Investment Advisors have?","answer":"Hallador Investment Advisors has 16 clients and manages $271 million for them, as of September 2026. They include 8 high-net-worth individuals, 7 pooled investment vehicles and 1 individual client.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 4 September 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Hallador Investment Advisors offer?","answer":"Hallador Investment Advisors provides portfolio management for individuals and small businesses, portfolio management for pooled vehicles, and selecting other managers.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does Hallador Investment Advisors use?","answer":"Hallador Investment Advisors’ separately managed account assets are held at National Financial Services LLC (San Francisco, CA), with $7.3M. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 4 September 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Hallador Investment Advisors have?","answer":"Hallador Investment Advisors has 1 investment adviser representative registered with state securities authorities, out of 9 employees, and 4 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.","source":"Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Hallador Investment Advisors invest in?","answer":"At the end of its last fiscal year, Hallador Investment Advisors’ separately managed accounts held 37% exchange-traded equities, 35% cash and equivalents, 25% registered funds (mutual funds, ETFs, BDCs) and 3% pooled vehicles (private funds and similar). It advises 6 private funds.","source":"Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Hallador Investment Advisors?","answer":"Hallador Investment Advisors’ direct owner is David Hardie (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 4 September 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Hallador Investment Advisors get paid?","answer":"Hallador Investment Advisors is paid through a percentage of assets under management, performance-based fees and other compensation. Its Form ADV lists no commissions among how it is paid.","source":"Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Hallador Investment Advisors?","answer":"Hallador Investment Advisors’ main office is at 5485 Kietzke Lane, Reno, NV 89511. Its phone number is 775-548-1730. Its website is hallador.com.","source":"Form ADV Part 1A, Item 1.F, filed 4 September 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}