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Updated September 28, 2026. Quick answer: Yes, on every account. Kayne Anderson Rudnick is registered with the SEC only as an investment adviser (it is not a broker-dealer), so the Investment Advisers Act of 1940 requires it to act as your fiduciary. Its own Form CRS states: “When we act as your investment adviser, we have to act in your best interest and not put our interest ahead of yours.”
How it’s registered
From Kayne Anderson Rudnick Investment Management, LLC Form CRS (March 26, 2026): “Kayne Anderson Rudnick Investment Management, LLC (“KAR”) is registered with the U.S. Securities and Exchange Commission as an investment adviser.”
The standard of conduct, in its own words
“When we act as your investment adviser, we have to act in your best interest and not put our interest ahead of yours.”
On commissions: “Our financial professionals are eligible to earn a base salary, cash incentive compensation, and equity stock grants from our parent company, Virtus Investment Partners, Inc.”
Fiduciary status by capacity
| Capacity | Registration | Standard you’re owed | Can earn commissions | Source |
|---|---|---|---|---|
| As your investment adviser | SEC-registered investment adviser | Fiduciary duty (Investment Advisers Act of 1940) | No (asset-based advisory fee: $10,000 a year, 2.00% on a $500,000 account) | Kayne Anderson Rudnick Investment Management, LLC Form CRS, March 26, 2026 |
What this means for what you pay
Fiduciary status is one input, not the whole picture. Kayne Anderson Rudnick discloses a published fee that runs $10,000 a year on a $500,000 account; see the full dollar breakdown from Kayne Anderson Rudnick’s own fee disclosure before deciding whether the standard of conduct here changes your answer.
If the answer above changes your mind about staying, read the general mechanics of switching financial advisors, or use a dated termination letter once you decide.
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Source: WiserAdvisor’s service descriptionSources
- Kayne Anderson Rudnick Investment Management, LLC Form CRS (March 26, 2026): https://reports.adviserinfo.sec.gov/crs/crs_104599.pdf
- SEC Investment Adviser Public Disclosure, Kayne Anderson Rudnick Investment Management, LLC (CRD #104599): https://adviserinfo.sec.gov/firm/summary/104599
- Kayne Anderson Rudnick Investment Management, LLC, SEC Form ADV filing: https://reports.adviserinfo.sec.gov/reports/ADV/104599/PDF/104599.pdf
Methodology. This page was built September 28, 2026, quoting directly from Kayne Anderson Rudnick’s own current Form CRS, with the source linked above; any distinction we could not independently confirm this session is named as an honest gap rather than presented as verified. Nothing here is personalized financial, tax, legal, or investment advice, and it is not a substitute for reading the firm’s own Form CRS. See our Editorial Policy, Corrections, Affiliate Disclosure, and Disclaimer.
Comparing Kayne Anderson Rudnick against other options? See Kayne Anderson Rudnick alternatives, including a lower-fee full-service firm, a flat-fee route and a robo/hybrid.
How does this compare? See how 127 advisory firms are registered, from each firm’s own SEC record.