Hayek Kallen Investment Management provides portfolio management for individuals and small businesses and portfolio management for pooled vehicles.
Hayek Kallen Investment Management reports 200 clients. They include 179 individual clients and 21 high-net-worth individuals. Of its assets, 100.0% ($424M across 201 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 90% | 56% |
| High-net-worth individuals | 11% | 44% |
| Pension and profit-sharing plans | Fewer than 5 | <1% |
Client shares use reported counts. Client types without a reported count are excluded from that total.
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 179 | $236M | 55.5% | $1.32M |
| High-net-worth individuals | 21 | $187M | 43.9% | $8.88M |
| Pension and profit-sharing plans | Fewer than 5 | $2.34M | 0.6% | — |
| Total | 200 | $424M | 100% | — |
- Clients
- 179
- Regulatory AUM
- $236M
- AUM share
- 55.5%
- Avg. per client
- $1.32M
- Clients
- 21
- Regulatory AUM
- $187M
- AUM share
- 43.9%
- Avg. per client
- $8.88M
- Clients
- Fewer than 5
- Regulatory AUM
- $2.34M
- AUM share
- 0.6%
- Avg. per client
- —
Total
- Clients
- 200
- Regulatory AUM
- $424M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
Hayek Kallen Investment Management is paid through a percentage of assets under management, hourly charges and fixed fees (other than subscription fees). The reviewed brochures do not disclose an asset-based fee rate. Read the SEC-filed brochure. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Consulting on unmanaged assets
- Advice on assets Hayek Kallen does not actively manage is negotiated case by case and is generally lower than the standard fee scale.
Eric Kallen owns 75% or more of Hayek Kallen Investment Management. The leadership team of Hayek Kallen Investment Management includes Chief Compliance Officer Margaret Allison. It has 3 employees, 1 of them in advisory roles.
Staff
- 3 employees
- 1 in advisory functions
- 2 state-registered reps
- Owns 75% or more of Hayek Kallen Investment Management L.L.C.
Eric Kallen
Control person · since January 2003
Hayek Kallen Investment Management’s regulatory assets grew from $340M (March 2021) to $424M (March 2026); clients fell from 225 to 200 and employees rose from 2 to 3.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Mar 2026March 2026 | $424M | 200 | 3 | 2 |
| Apr 2025April 2025 | $399M | 208 | 3 | 2 |
| Mar 2024March 2024 | $396M | 209 | 3 | 2 |
| Mar 2023March 2023 | $336M | 208 | 4 | 2 |
| Mar 2022March 2022 | $387M | 220 | 4 | 2 |
| Mar 2021March 2021 | $340M | 225 | 2 | 2 |
Besides its headquarters, Hayek Kallen Investment Management has 1 office, with 2 listed addresses across 2 states.
Alabama · 1 listed address
- 50 South Church Street, Suite C, FairhopeHQ
Virginia · 1 listed address
- 2 Boars Head Place, Charlottesville
Contact and registration details
- Legal name
- Hayek Kallen Investment Management L.L.C.
- Headquarters
- 50 South Church Street, Suite C, Fairhope, AL 36532-2350
- Website
- hayekkallen.com
- Phone
- 251-928-8999
- SEC file
- 801-23973
- Founded
- 1985
- Structure
- Alabama LLC
- Fiscal year end
- December
Hayek Kallen Investment Management’s named custodians for separately managed accounts are Charles Schwab ($204M, 65%), TD Ameritrade Clearing ($82.1M, 26%) and Fidelity ($27.3M, 9%). Hayek Kallen Investment Management does not have custody of client assets.
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $204M65%
- TD Ameritrade ClearingTD Ameritrade Clearing, Inc. · Omaha, NE · $82.1M26%
- FidelityFidelity Brokerage Services LLC · Smithfield, RI · $27.3M9%
At year end, Hayek Kallen Investment Management’s separately managed accounts were mostly in stocks (75%) and bonds (17%). Its reported 13F holdings for the quarter ended 30 June 2026 total $330K across 97 positions; the largest are Apple Inc. (11.6%), Microsoft Corp. (6.6%) and Alphabet Inc. (5.7%).
What the accounts hold
- Stocks75%
- Bonds17%
- Investment grade corporate bonds10%
- U.S. government and agency bonds4%
- State and local bonds3%
- Cash8%
How many clients does Hayek Kallen Investment Management have?
Hayek Kallen Investment Management has 200 clients and manages $424 million for them, as of March 2026. They include 179 individual clients and 21 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 27 March 2026
What services does Hayek Kallen Investment Management offer?
Hayek Kallen Investment Management provides portfolio management for individuals and small businesses and portfolio management for pooled vehicles.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Hayek Kallen Investment Management use?
Hayek Kallen Investment Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $204M, TD Ameritrade Clearing, Inc. (Omaha, NE), with $82.1M and Fidelity Brokerage Services LLC (Smithfield, RI), with $27.3M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 27 March 2026
How many financial advisors does Hayek Kallen Investment Management have?
Hayek Kallen Investment Management has 2 investment adviser representatives registered with state securities authorities, out of 3 employees, and 1 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
What does Hayek Kallen Investment Management invest in?
At the end of its last fiscal year, Hayek Kallen Investment Management’s separately managed accounts held 75% exchange-traded equities, 10% investment grade corporate bonds, 8% cash and equivalents, 4% U.S. government and agency bonds and 3% state and local bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Hayek Kallen Investment Management?
Hayek Kallen Investment Management’s direct owner is Eric Kallen (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 27 March 2026
How does Hayek Kallen Investment Management get paid?
Hayek Kallen Investment Management is paid through a percentage of assets under management, hourly charges and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact Hayek Kallen Investment Management?
Hayek Kallen Investment Management’s main office is at 50 South Church Street, Suite C, Fairhope, AL 36532-2350. Its phone number is 251-928-8999. Its website is hayekkallen.com.