Kelly & Associates, LLC
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client AUMClient assets under management
$8,161,864
Clients
26
Advisors
2
across 2 offices
About
Kelly & Associates provides investment supervisory and individual portfolio management to a small client base that includes both individual and high-net-worth clients, as well as pension plans, charitable organizations and businesses. The firm manages roughly $9.4 million across 26 client relationships and delivers continuous, personalized advice to establish investment policies and transition existing portfolios.
The firm operates almost entirely on a non‑discretionary basis, implementing recommendations only with client approval and allowing clients to direct broker selection; portfolios are typically built with no-load mutual funds and the firm commonly recommends Dimensional Fund Advisors funds as core holdings, while also using ETFs, individual securities and options hedging when appropriate. Kelly & Associates emphasizes asset allocation and fundamental analysis, conducts monthly account reviews, and permits clients to impose reasonable investment restrictions.
What is notable about the firm compared with many peers is that a substantial portion of its business is securities litigation and consulting (about 65% of revenues), and senior management devotes significant time to those consulting services (approximately half of their time), while advisory activities remain largely non‑discretionary; the firm also does not vote client proxies and requires clients to retain custody and direction over brokerage.
Client services
Expertise
Fee options
$0 - $500,000: 1.50% $500,000 - $999,999: 1.00% $1,000,000 - $2,499,999: 0.85% $2,500,000 - $5,000,000: 0.75% Above $5,000,000+: 0.60%
Account minimum: $100,000 Fee-only: Asset-based fees only, no commissions or performance fees
Main office
See officePalm Bay FL
Advisors at this office
1
Most active in
Florida · Maine
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Forms ADV
Advisors at this firm
Sean K
Series 63, Series 65
Palm Bay, FL
Kelly & Associates, LLC
Sean Kelly is a financial advisor at Kelly & Associates, LLC with 24 years of industry experience. He holds Series 63 and Series 65 designations and has been with Kelly & Associates since 2002. Kelly & Associates, LLC provides investment supervisory services and individual portfolio management for individuals, pension and profit-sharing plans, charitable organizations, and small businesses. The firm manages approximately $8.9 million and emphasizes asset allocation, mutual fund and ETF analysis, and tax-aware, low-turnover investing, typically on a non-discretionary basis.
John D
Series 63, Series 65
Manchester, ME
Kelly & Associates, LLC
John Duval Sr. is a financial advisor with Kelly & Associates, LLC in Manchester, ME, holding Series 63 and Series 65 licenses and possessing 10 years of industry experience. He has been with Kelly & Associates since 2015 and concurrently operates John Duval Associates, a litigation consulting business where he serves as owner and expert witness in FINRA securities cases. Kelly & Associates, LLC provides investment supervisory services and portfolio management to individuals, pension and profit-sharing plans, charitable organizations, and small businesses. The firm emphasizes individualized investment policies, asset allocation, and low-turnover asset-class investing, managing client accounts primarily on a non-discretionary basis and incorporating tax-aware strategies.
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