KARPUS INVESTMENT MANAGEMENT
KARPUS MANAGEMENT INC Legal Name
Adviser information for KARPUS INVESTMENT MANAGEMENT last updated from Form ADV on March 11th, 2024. Select data displayed; additional Form ADV, Form D, Form 13F and other data is available from the Fincoded API.
Advisory Business
| Type of Organization | Corporation |
|---|---|
| Fiscal Year End | JUNE |
| Legal Location | New York, United States |
Employees
| Total Number of Employees | 39 |
|---|---|
| Investment Advisory/Research | 18 |
| Registered Broker-Dealer Representatives | 0 |
| Registered State Investment Advisers | 8 |
| Licensed Agents of an Insurance Company | 0 |
| No. of Firms/People that Solicit Clients | 6 |
RAUM
| Provides Management of Securities Portfolios | Yes |
|---|
| Type | Accounts | RAUM |
|---|---|---|
| Discretionary | 2,165 | $3.5B |
| Non-Discretionary | 0 | $0 |
| Total | 2,165 | $3.5B |
Clients
| Type | Number | RAUM |
|---|---|---|
| Individuals | 995 | $421.8M |
| HNW Individuals | 606 | $2.0B |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles | 0 | $0 |
| Pension and profit sharing plans | 55 | $480.7M |
| Charitable organizations | 49 | $187.3M |
| State or municipal gov entities | <5 | $55.8M |
| Other investment advisers | 0 | $0 |
| Insurance companies | <5 | $1.1M |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses | 61 | $369.8M |
| Other | 0 | $0 |
| Type | Number |
|---|---|
| No. of Non-RAUM Clients | 0 |
| No. of Non-U.S. Clients | 1 |
Services
| Advisory Services | Portfolio management for individuals and/or small businessesPortfolio management for businesses or institutional clients |
|---|---|
| Compensation | % of AUM |
Wrap Fee Program
| Offers Wrap Fee Program | Yes |
|---|
| Acting As | RAUM |
|---|---|
| Sponsor | 0 |
| Portfolio Manager | 174.9M |
| Both for Same | 0 |
| Portfolio Manager to Program | Sponsor |
|---|---|
| STRATEGIC ASSET MANAGEMENT GROUP ADVISORS | STRATEGIC ASSET MANAGEMENT GROUP ADVISORS |
| SELECT UMA | MORGAN STANLEY |
| ENVESTNET PRIVATE WEALTH MANAGEMENT PROGRAM | ENVESTNET PMC |
Identifiers
| SEC RIA File Number | 801-29607 |
|---|---|
| SEC ERA File Number | 801-29607 |
| SEC CIK Numbers | None |
| SEC CRD Numbers | 110275 |
| Legal Entity Identifier | None |
Principal Office
183 SULLY'S TRAILPITTSFORD
NY
United States
Monday - Friday, 8:00AM TO 5:00PM
Tel: 585-586-4680, Fax: 585-586-4315
Chief Compliance Officer
JODI L HEDBERG
183 SULLY'S TRAIL
PITTSFORD
NY
United States
Tel:
585-586-4680
Fax:
585-586-4315
J***@*********M
(Full email address available in API data)
Regulatory Contact
KATHLEEN CRANE
CHIEF FINANCIAL OFFICER
183 SULLY'S TRAIL
PITTSFORD
NY
United States
Tel:
585-586-4680
Fax:
585-389-1514
K****@*********M
(Full email address available in API data)
Industry Affiliates
| CITY OF LONDON INVESTMENT MANAGEMENT COMPANY LIMITED | Other investment adviser, including financial plannersSponsor, GP, manager of pooled investment vehicles |
Private Funds
| Name | Type | Assets $USD | Min Investment $USD | No. Owners |
|---|
None
Control Persons
| Name | Type | Entity | Title | Since | Ownership |
|---|---|---|---|---|---|
| HEDBERG, JODI, LEE | Individual | – | CHIEF COMPLIANCE OFFICER | 01/2020 | < 5% |
| CRANE, KATHLEEN, FINNERTY | Individual | – | CHIEF FINANCIAL OFFICER & TREASURER/SECRETARY OF THE BOARD | 10/2020 | < 5% |
| DUFFY, THOMAS, MICHAEL | Individual | – | SENIOR VICE PRESIDENT & DIRECTOR OF OPERATIONS | 10/2020 | < 5% |
| LIPPINCOTT, DANIEL, LEE | Individual | – | CHIEF INVESTMENT OFFICER & PRESIDENT | 04/2021 | < 5% |
| GRIFFITH, THOMAS, WAYNE | Individual | – | DIRECTOR | 10/2020 | < 5% |
| YUSTE, CARLOS, MANUEL | Individual | – | DIRECTOR | 10/2020 | < 5% |
| CITY OF LONDON INVESTMENT GROUP PLC | Foreign Entity | – | PARENT COMPANY | 10/2020 | > 75% |
| GARDNER, BRETT, DAVID | Individual | – | SENIOR VICE PRESIDENT | 01/2022 | < 5% |