Lawrence W. Kelly & Associates provides portfolio management for individuals and small businesses.
Lawrence W. Kelly & Associates reports 83 clients. They include 61 high-net-worth individuals, 17 individual clients and 5 charitable organizations. Of its assets, 100.0% ($540M across 83 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 20% | 2% |
| High-net-worth individuals | 73% | 97% |
| Charitable organizations | 6% | <1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 17 | $9.75M | 1.8% | $574K |
| High-net-worth individuals | 61 | $526M | 97.3% | $8.62M |
| Charitable organizations | 5 | $4.74M | 0.9% | $948K |
| Total | 83 | $540M | 100% | $6.51M |
- Clients
- 17
- Regulatory AUM
- $9.75M
- AUM share
- 1.8%
- Avg. per client
- $574K
- Clients
- 61
- Regulatory AUM
- $526M
- AUM share
- 97.3%
- Avg. per client
- $8.62M
- Clients
- 5
- Regulatory AUM
- $4.74M
- AUM share
- 0.9%
- Avg. per client
- $948K
Total
- Clients
- 83
- Regulatory AUM
- $540M
- AUM share
- 100%
- Avg. per client
- $6.51M
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
Lawrence W. Kelly & Associates charges 0.65%–1.00% a year for its Account Management. Each asset band is charged at its own rate. The fee is billed in advance and is negotiable.
| Asset band | Annual rate |
|---|---|
| $0–$10M | 1.00% |
| $10M–$20M | 0.75% |
| $20M and above | 0.65% |
Fee details and sources
Nicholas Welsh owns 75% or more of Lawrence W. Kelly & Associates. Nicholas Welsh is CEO; the leadership team includes Chief Compliance Officer Michael Stewart. It has 5 employees, 2 of them in advisory roles.
Leadership
- Nicholas WelshChief Executive Officer, Director and Shareholder
- Michael StewartChief Compliance Officer
Investment adviser representatives
2 representatives listed in the SEC register as of 9 October 2026.
Staff
- 5 employees
- 2 in advisory functions
- 2 state-registered reps
- Owns 75% or more of Lawrence W. Kelly & Associates, Inc.
Nicholas Welsh
Control person · since October 2004
Lawrence W. Kelly & Associates’ regulatory assets grew from $509M (March 2021) to $540M (March 2026); clients were 83 in both filings and employees fell from 6 to 5.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $540M | 83 | 5 | 1 |
| March 2025 | $530M | 86 | 5 | 1 |
| March 2024 | $510M | 88 | 5 | 1 |
| March 2023 | $441M | 90 | 5 | 1 |
| March 2022 | $610M | 84 | 6 | 1 |
| March 2021 | $509M | 81 | 6 | 1 |
Besides its headquarters, Lawrence W. Kelly & Associates has 0 offices, with 1 listed address in California.
California · 1 listed address
- 199 South Los Robles Avenue, Suite 850, PasadenaHQ
Contact and registration details
- Legal name
- Lawrence W. Kelly & Associates, Inc.
- Headquarters
- 199 South Los Robles Avenue, Suite 850, Pasadena, CA 91101-2461
- Website
- lkainvestments.com
- Phone
- 626-449-9500
- SEC file
- 801-24322
- Structure
- California corporation
- Fiscal year end
- December
Lawrence W. Kelly & Associates uses US Bank, NA ($187M, 41%), Charles Schwab ($183M, 40%) and Fidelity ($89.9M, 20%) as custodians for its separately managed accounts. Lawrence W. Kelly & Associates does not have custody of client assets.
- US Bank, NAUS Bank, NA · Cincinnati, OH · $187M41%
- FidelityFidelity Brokerage Services LLC · Smithfield, RI · $89.9M20%
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $183M40%
At year end, Lawrence W. Kelly & Associates’ separately managed accounts were mostly in stocks (76%) and bonds (20%).
What the accounts hold
- Stocks76%
- Bonds20%
- U.S. government and agency bonds12%
- State and local bonds7%
- Investment grade corporate bonds1%
- Cash4%
How many clients does Lawrence W. Kelly & Associates have?
Lawrence W. Kelly & Associates has 83 clients and manages $540 million for them, as of March 2026. They include 61 high-net-worth individuals, 17 individual clients and 5 charitable organizations.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 26 March 2026
What services does Lawrence W. Kelly & Associates offer?
Lawrence W. Kelly & Associates provides portfolio management for individuals and small businesses.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Lawrence W. Kelly & Associates charge?
Lawrence W. Kelly & Associates charges 0.65%–1.00% a year for its Account Management. Each asset band is charged at its own rate. The fee is billed in advance and is negotiable.
Which custodians does Lawrence W. Kelly & Associates use?
Lawrence W. Kelly & Associates’ separately managed account assets are held at US Bank, NA (Cincinnati, OH), with $187M, Charles Schwab & Co., Inc. (San Francisco, CA), with $183M and Fidelity Brokerage Services LLC (Smithfield, RI), with $89.9M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 26 March 2026
How many financial advisors does Lawrence W. Kelly & Associates have?
Lawrence W. Kelly & Associates has 2 investment adviser representatives registered with state securities authorities, out of 5 employees, and 2 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 Lawrence W. Kelly & Associates invest in?
At the end of its last fiscal year, Lawrence W. Kelly & Associates’ separately managed accounts held 76% exchange-traded equities, 12% U.S. government and agency bonds, 7% state and local bonds, 4% cash and equivalents and 1% investment grade corporate bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Lawrence W. Kelly & Associates?
Lawrence W. Kelly & Associates’ direct owner is Nicholas Welsh (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 26 March 2026
How does Lawrence W. Kelly & Associates get paid?
Lawrence W. Kelly & Associates 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
Is Lawrence W. Kelly & Associates registered with the SEC?
Yes, Lawrence W. Kelly & Associates has been registered with the SEC as an investment adviser since 16 August 1985. Its CRD number is 106635 and its SEC file number is 801-24322.
Source: Form ADV Part 1A, Item 1, filed 26 March 2026; IAPD firm record
How do I contact Lawrence W. Kelly & Associates?
Lawrence W. Kelly & Associates’ main office is at 199 South Los Robles Avenue, Suite 850, Pasadena, CA 91101-2461. Its phone number is 626-449-9500. Its website is lkainvestments.com.