AdFi
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Lk&a Investment Counsel

SEC Registered

Tailored Investment Strategies Research Driven Approach

Pasadena, CAhttps://lkainvestments.com626/449-9500
Assets Under Management
$500M–$1B
Year Founded
1985
Employees
5
Office Locations
1 office
Total Accounts
83

About the firm

LK&A has been an independently owned and operated Investment Advisor since its founding in 1985. The firm provides transparent investment advice free from conflicts of interest, investing clients' capital exclusively in individual securities in separately managed accounts.

Firm Focus

Client segments reported on the firm's SEC Form ADV — applies to all advisors at the firm.

High Net Worth

Areas of expertise

Individually Managed AccountsEquitiesFixed IncomeAsset AllocationTax-efficient InvestingMulti-generational WealthHigh Net WorthFiduciaryIndependent Investment AdvisorWealth Transfer

Services

Individually managed accounts investing exclusively in individual securities (equities, bonds, and hybrids); tax-efficient trading strategies; asset allocation; wealth transfer strategy implementation in coordination with clients' legal advisers; direct portfolio manager access; separation of advisor and custodian.

Who they serve

A niche market of high net worth families focused on multi-generational wealth, served through long-term relationships with a select group of a few dozen families.

Client segmentClientsAssets managed
Individuals (Non-HNW)17$9.8M
High Net Worth Individuals61$526M
State/Municipal Entities5

Leadership

Lawrence Wayne Kelly
CHAIRMAN, DIRECTOR, SHAREHOLDER
Nicholas J Welsh
CHIEF EXECUTIVE OFFICER, DIRECTOR AND SHAREHOLDER

Office locations

1 office in 1 state
CA
PasadenaHQ

Advisors at this firm

2 advisors in the directory

Regulatory & compliance

CRD number
#106635
SEC Number
801-24322
Disciplinary History
No
Fee Model & Minimums
Model: AUM / Flat Fee
Asset tierAnnual rate
First $10 million1.00%
Next $10 million0.75%
All additional amounts0.65%

Data as of March 26, 2026 · Source: SEC IAPD & FINRA BrokerCheck

Contact Information

Editorial disclosure

This profile was compiled and published by AdvisorFinder as editorial content using publicly available information from the SEC's IAPD database and FINRA BrokerCheck. Lk&a Investment Counsel has not reviewed, approved, or endorsed this profile and is not responsible for its accuracy. Regulatory records change over time — always verify the current record directly on the SEC or FINRA websites before making any decision.

BrokerCheck data is used subject to the FINRA BrokerCheck Terms of Use. Found something inaccurate? Report inaccurate data and we will correct any error we introduced. Errors in the underlying BrokerCheck record itself are referred to FINRA, which maintains that record.

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Lk&a Investment Counsel in Pasadena, CA | AdvisorFinder