SEC-registered firm
Registration does not mean the SEC approves or recommends the firm, and it does not imply a certain level of skill or training.
Horizon Kinetics Asset Management LLC
New York, NY
CRD 106096
Firm filing updated September 24, 2026 ·
- $9.6BAssets
- 2,223Clients
- 20Advisory staff
- 2,223Accounts
Fees and minimums
All fee types on the form
- Percentage of assets under managementYes
- Fixed feesYes
- Subscription fees (for a newsletter or periodical)Yes
- Performance-based feesYes
- Hourly chargesNo
- CommissionsNo
- OtherNo
Who the firm serves
- High net worth individuals1,994
- Corporations or other businesses150
- Pooled vehicles33
- Charities19
- Investment companies15
- and 1 more12
See the client table
| Client type | Approximate number of clients | Assets |
|---|---|---|
| High net worth individuals | 1,994 | $2.6 billion |
| Investment companies | 15 | $3.8 billion |
| Pooled investment vehicles (other than investment companies and business development companies) | 33 | $2.0 billion |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 12 | $112.2 million |
| Charitable organizations | 19 | $27.1 million |
| Corporations or other businesses not listed above | 150 | $1.1 billion |
What the client labels mean
Here, "individuals" includes trusts, estates, and IRAs of individuals. A "high net worth individual" is a qualified client or qualified purchaser.
Services
- Portfolio management for individuals and/or small businesses
- Portfolio management for investment companies
- Portfolio management for pooled investment vehicles (other than investment companies)
See all 5 services
- Portfolio management for businesses (other than small businesses) or institutional clients
- Publication of periodicals or newsletters
- Portfolio management for individuals and/or small businesses
- Portfolio management for investment companies
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients
- Publication of periodicals or newsletters
Assets and accounts
- Regulatory assets$9.6 billion
- Accounts2,223
- Discretionary$9.5 billion · 2,192 accounts
- Non-discretionary$156.4 million · 31 accounts
People
- Employees80
- Advisory staff20
- Broker-dealer reps23
- Licensed insurance agents0
Advisors
1 advisors with a profile on Advisable
Listed A to Z by last name. Not a ranking.
Registration details
- SEC-registered investment advisor. CRD 106096, SEC file 801-47515.
- Registered with the SEC as an investment advisor (status date on record: September 23, 1994).
Is Horizon Kinetics Asset Management LLC a fiduciary?
Short answer: Horizon Kinetics Asset Management LLC is registered with the SEC as an investment advisor.
More detail
Some of its people may also act in other roles, such as for a broker-dealer or as insurance agents, where different rules apply. Details below.
The SEC put it this way in 2019: 'Under federal law, an investment adviser is a fiduciary.'
Some of the firm's people may also act for a broker-dealer: 23 staff are broker-dealer representatives and the firm has a related broker-dealer. When someone acts for a broker-dealer, a different SEC standard, Regulation Best Interest, applies to their recommendations. Ask which role they are acting in.
The firm's Form CRS explains its services, fees and conflicts in plain language: Form CRS.
About this data
Informational only. Advisable Finance is not an investment advisor, does not give investment advice, and does not endorse any advisor.