Karpas Strategies LLC (New York)

Name: Karpas Strategies LLC
Address: 452 Fifth Avenue, New York, NY, 10018
Telephone: 212-223-7280

Karpas Strategies LLC is a large advisory firm based in New York. It manages $279.24 million of regulatory assets for 143 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Connecticut, Florida, Nebraska, New Jersey, and New York.

Karpas Strategies provides portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Karpas Strategies: assets under management

The assets under management (AUM) of Karpas Strategies LLC is $279.24 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 78% since the beginning of its operation, and $2.44 million of the total AUM is attributable to clients outside of the United States.

The firm manages $279.24 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.95 million each.

Karpas Strategies has custody of $24.11 million in cash and securities for 10 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 79% of the total AUM. The second-largest asset type is investment and business development companies, which make up 14% of the firm’s portfolio. Investments in cash and cash equivalents form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Karpas Strategies LLC for their services and products based on a percentage of assets under management and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Karpas Strategies serves?

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Karpas Strategies is high net worth individuals with 36 clients and $259.48 million of assets under management. Among the 12 most similar advisory firms, Karpas Strategies has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $279.24 million for 54 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Karpas Strategies doesn't advise any private funds.

Careers at Karpas Strategies LLC

The company employs 1 person that is either a part- or full-time employee. 100 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Matthew Paul Karpas	Managing member & chief compliance officer	1 Aug 1999	75% - 100%	1944507

Based in New York

The principal office where Karpas Strategies LLC performs its advisory services is located at 452 Fifth Avenue, New York, NY 10018, which is also the mailing address of the firm. An additional office of the firm is in Litchfield, CT. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-223-7280 or by fax 212-223-4098. The normal business hours are 9am to 5:00pm on Monday - Friday. You can find more information about the New York firm at karpasonline.com.