{"url":"https://nivawealth.com/firms/kaufman-hall-investment-management-328876","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/328876","regulatoryAum":2818196485,"crd":"328876","history":[{"filedOn":"2024-03-22","regulatoryAum":1170770900,"clients":27,"employees":4,"offices":4},{"filedOn":"2025-03-21","regulatoryAum":2309298471,"clients":27,"employees":9,"offices":6},{"filedOn":"2026-07-30","regulatoryAum":2818196485,"clients":28,"employees":9,"offices":6}],"secFileNumber":"801-129164","legalName":"Kaufman Hall Investment Management, LLC","displayName":"Kaufman Hall Investment Management","slug":"kaufman-hall-investment-management-328876","website":"https://khim.com/","logo":{"src":"https://rmkhnxnbeclogprvkfyl.supabase.co/storage/v1/object/public/firm-logos/328876/de1cbafb67b38ccb-r1.webp","tone":"light","width":725,"height":200,"sourceUrl":"https://www.khim.com/","sourceLabel":"Kaufman Hall Investment Management, website"},"classification":{"segment":"institutions","segmentLabel":"Institutional","type":"institutional_asset_manager","typeLabel":"Asset manager","feeDisclosure":"payment_only"},"founded":null,"organization":"Delaware limited liability company","fiscalYearEnd":"December","headquarters":{"street":"10 Cadillac Drive, Suite 120","city":"Brentwood","state":"TN","stateName":"Tennessee","country":"United States","postalCode":"37027"},"tradeNames":[],"registration":{"secApproved":"1 December 2023","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":null,"staff":{"employees":9,"advisory":7,"brokerDealerReps":0,"insuranceAgents":0,"promoters":1},"aum":{"regulatory":2818196485,"discretionary":2818196485,"discretionaryAccounts":59,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Corporations and other businesses","clients":28,"regulatoryAum":2818196485}],"feePrograms":[],"brochureCoverage":{"scope":"known_documents","status":"not_processed","checkedAt":null,"documents":[]},"custodians":[{"name":"BNY Mellon Securities Corporation","shortName":"BNY Mellon Securities","location":"Chicago, IL","smaAssets":424397483},{"name":"U.S. Bancorp Investments, Inc.","shortName":"U.S. Bancorp Investments","location":"Saint Paul, MN","smaAssets":927924748},{"name":"Computershare Corporate Trust","shortName":"Computershare Corporate Trust","location":"St. Paul, MN","smaAssets":987850129}],"custodyNote":"Kaufman Hall Investment Management does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"Robert Turner","title":"Manager & President","crd":"4705601"},{"name":"Valerie Witmer","title":"Chief Compliance Officer","crd":"8063247"},{"name":"Britt Cesarone","title":"Secretary","crd":"2427750"}],"ownership":[{"label":"Kaufman, Hall & Associates, LLC","detail":"Owner in the 75% or more ownership band and a control person, since September 2023."},{"label":"KH Intermediate Holdings, LLC","detail":"Indirect owner: a owner of Kaufman, Hall & Associates, LLC in the 75% or more band, since June 2023.","parent":"Kaufman, Hall & Associates, LLC"},{"label":"KH Aquisition, LLC","detail":"Indirect owner: a member of KH Intermediate Holdings, LLC in the 75% or more band and a control person, since December 2021.","parent":"KH Intermediate Holdings, LLC"},{"label":"Vizient, Inc.","detail":"Indirect owner: a member of KH Topco, LLC in the 75% or more band and a control person, since December 2021.","parent":"KH Topco, LLC"},{"label":"KH Topco, LLC","detail":"Indirect owner: a member of KH Aquisition, LLC in the 75% or more band and a control person, since December 2023.","parent":"KH Aquisition, LLC"}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":5,"privateResidences":2},"listedOfficeAddresses":4,"foreignOffices":[],"officesByState":[{"state":"Illinois","offices":2,"addresses":[{"street":"456 W. Burville Road","city":"Crete"},{"street":"433 W. Van Buren Street","city":"Chicago"}]},{"state":"Tennessee","offices":1,"addresses":[{"street":"10 Cadillac Drive, Suite 120","city":"Brentwood","headquarters":true}]},{"state":"Texas","offices":1,"addresses":[{"street":"5451 Merrimac Ave","city":"Dallas"}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"224-724-3809","stateRegisteredReps":0,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Fixed fees (other than subscription fees)"],"activities":["Financial planning services","Portfolio management for businesses (other than small businesses) or institutional clients","Selection of other advisers (including private fund managers)"],"financialPlanningClients":"11-25","assetMix":[{"label":"U.S. government/agency bonds","percent":40},{"label":"U.S. state and local bonds","percent":11},{"label":"Investment grade corporate bonds","percent":34},{"label":"Cash and cash equivalents","percent":2},{"label":"Other","percent":13,"detail":"Asset Backed Securities."}],"privateFunds":0},"sources":{"adv1FilingDate":"30 July 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/328876/PDF/328876.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 Kaufman Hall Investment Management have?","answer":"Kaufman Hall Investment Management has 28 clients and manages $2.82 billion for them, as of July 2026. They include 28 corporations and other businesses.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 30 July 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Kaufman Hall Investment Management offer?","answer":"Kaufman Hall Investment Management provides financial planning, portfolio management for institutions 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 Kaufman Hall Investment Management use?","answer":"Kaufman Hall Investment Management’s separately managed account assets are held at Computershare Corporate Trust (St. Paul, MN), with $988M, U.S. Bancorp Investments, Inc. (Saint Paul, MN), with $928M and BNY Mellon Securities Corporation (Chicago, IL), with $424M. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 30 July 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Kaufman Hall Investment Management have?","answer":"Kaufman Hall Investment Management has 0 investment adviser representatives registered with state securities authorities, out of 9 employees, and 7 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 Kaufman Hall Investment Management invest in?","answer":"At the end of its last fiscal year, Kaufman Hall Investment Management’s separately managed accounts held 40% U.S. government and agency bonds, 34% investment grade corporate bonds, 13% other, 11% state and local bonds and 2% cash and equivalents. The 13% other category is described as: Asset Backed Securities.","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 Kaufman Hall Investment Management?","answer":"Kaufman Hall Investment Management is owned through a chain of holding companies by Vizient, Inc. Its direct owner is Kaufman, Hall & Associates, LLC (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 30 July 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Kaufman Hall Investment Management get paid?","answer":"Kaufman Hall Investment Management is paid through a percentage of assets under management 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Kaufman Hall Investment Management?","answer":"Kaufman Hall Investment Management’s main office is at 10 Cadillac Drive, Suite 120, Brentwood, TN 37027. Its phone number is 224-724-3809. Its website is khim.com.","source":"Form ADV Part 1A, Item 1.F, filed 30 July 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."}