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Updated September 28, 2026. Quick answer: $1,000,000 for the Wealth Advisory Client Fee Schedule (KARWA). Kayne Anderson Rudnick’s own Form ADV Part 2A brochure states this figure directly, though the firm reserves some discretion to adjust it. At that minimum, Kayne Anderson Rudnick’s own published fee schedule works out to $10,000 a year.
The minimum, in the firm’s own words
“Kayne Anderson Rudnick Wealth Advisors (“KARWA”) … Wealth Advisory Client Fee Schedule Minimum Relationship Size: $1 million Minimum Fee: The minimum annual fee per relationship is $10,000 … Relationships below the annual minimum will be billed $2,500 on a quarterly basis.”
On waivability: “KAR, at its discretion, accepts or continues to provide services to smaller accounts.”
Minimum investment and what it would cost
| Program | Minimum investment | Annual fee at that minimum | Waivable? |
|---|---|---|---|
| the Wealth Advisory Client Fee Schedule (KARWA) | $1,000,000 | $10,000 | Partially, at the firm’s discretion |
| Source: Kayne Anderson Rudnick Investment Management, LLC Form ADV Part 2A Brochure, March 26, 2026 | |||
Kayne Anderson Rudnick’s own fee schedule at other balances
| Account balance | Annual fee |
|---|---|
| $250,000 | $10,000 |
| $500,000 | $10,000 |
| $1,000,000 | $10,000 |
| $2,000,000 | $20,000 |
What else to know
Kayne Anderson Rudnick runs several other account types with very different minimums that this page does not price: institutional accounts generally require $10 million ($25 million for its international/global strategies), a standalone strategy sleeve requires $100,000, and wrap-program accounts run $50,000 to $250,000 depending on the program. The $1 million figure and fee schedule above are specific to the Wealth Advisory Client Fee Schedule, the same schedule priced on this firm’s fee page.
What a larger account would cost
The minimum is only the entry point. On a $500,000 account, Kayne Anderson Rudnick’s own published fee schedule runs $10,000 a year; see the full dollar breakdown from Kayne Anderson Rudnick’s own fee disclosure across several account sizes. Read our full review of Kayne Anderson Rudnick before you decide.
Already a client and thinking about the minimum a different way, like whether you could get a better deal elsewhere? Read the general mechanics of switching financial advisors, or use a dated termination letter once you decide.
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- Kayne Anderson Rudnick Investment Management, LLC Form ADV Part 2A Brochure (March 26, 2026): https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1028852
- 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 ADV Part 2A / wrap-fee brochure, with the source linked above. The annual-fee-at-the-minimum figure applies that same brochure’s own published fee schedule to the disclosed minimum dollar amount; 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 ADV Part 2A. See our Editorial Policy, Corrections, Affiliate Disclosure, and Disclaimer.
How much do you need to open an account? Compare the minimum investment at 128 advisory firms, each taken from the firm’s own Form ADV Part 2A brochure.