Karpinski Financial, LLC

CRD#153085
Investment Advisor Firm

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Overview

Karpinski Financial, LLC is a financial advisor firm located in Scottsdale, Arizona. Karpinski Financial, LLC manages $28.6 million in assets over 177 accounts. The firm has a small group of one employee who is a financial advisor. Karpinski Financial, LLC does not act as a registered broker-dealer, signifying that the advisor is not able to buy and sell securities for its own accounts as well as its customers' and instead has to go through a broker-dealer firm to do so. Securities are tradable fiscal investments like options, bonds and stocks.

Karpinski Financial, LLC oversees all of the company's accounts in a discretionary manner. Discretionary management signifies that transaction decisions for the client's account are made by a portfolio manager without requiring client consent. The company's average account size is $161,326. Under $100,000 of their financial planning investments were in securities, with under $100,000 invested in non-securities. The typical advisor at Karpinski Financial, LLC oversees about 177 client accounts.

The company's main office is located at 8020 East Gelding Drive, Scottsdale, Arizona 85260. It is legally permitted to serve customers throughout a number of states, including Arizona, Texas and Wisconsin.

Assets Under Management

$28.6 million

Number of Advisors

1

Disclosures

No

Office Location

8020 East Gelding Drive
Scottsdale, AZ 85260

Karpinski Financial, LLC by the Numbers

Total Assets Under Management

$28.6 million

National Average: $3.3 billion
Total Number of Employees

1

National Average: 31
Total Number of Accounts

177

National Average: 1,935
Average Account Size

$161.3 thousand

National Average: $1.7 million

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Products and Services

Services provided by Karpinski Financial, LLC can include financial planning services and portfolio management for individuals and small businesses. However, it did not provide any of its clients with financial planning services in the prior financial year. The company is not involved in selling products or offering services aside from investment advice to its investment advisory clients.

Core Advisor Services

  • Offered by 44% of firms

    Financial Planning Services

    This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

  • Offered by 61% of firms

    Portfolio Management

    This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

  • Find a firm that offers this service

    Market Timing Services

    This is the practice of attempting to make short-term profits on investments by buying low and selling high.

Other Services

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Fee Structure

Financial advisory fees are based on which services the firm provides the client. However, fees billed by Karpinski Financial, LLC can include some combination of the following fee structures: asset-based, hourly or fixed. The firm does not participate in a wrap fee program, in which the company offers a bundle of services for a comprehensive fee. The company has the ability to withdraw its expenses directly from client funds.

Available

  • Offered by 72% of firms

    Percentage of Assets

    Show Explanation

    This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

  • Offered by 35% of firms

    Hourly

    Show Explanation

    Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

  • Offered by 39% of firms

    Fixed

    Show Explanation

    Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

Unavailable

  • Find one of the 2% of firms that offer this fee type

    Commissions

    Show Explanation

    Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

  • Find one of the 17% of firms that offer this fee type

    Performance-based

    Show Explanation

    Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

  • Find one of the 1% of firms that offer this fee type

    Subscription

    Show Explanation

    Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

  • Find one of the 12% of firms that offer this fee type

    Other

    Show Explanation

    Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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Types of Clients

The company provides services to retail investors and high net worth investors. Out of its 177 clients, Karpinski Financial, LLC's biggest client type is retail investors, although it also serves eight high-net-worth individuals. A high-net-worth individual is defined by the SEC as someone who has at least $750,000 in AUM or a net worth of at least $1.50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the firm's clients are from outside of the U.S.

  • High-Net-Worth Individuals* - 9.88%
  • Other Individuals - 90.12%
  • Corporations - 0%
  • Charitable Organizations - 0%

* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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Disclosures

Karpinski Financial, LLC does not have any disclosures.

Please visit its Form ADV for more details.

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Financial Advisors at Karpinski Financial, LLC

Joel Karpinski
Scottsdale, AZ

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This content was compiled from the SEC and FINRA