Karpinski Financial, LLC

CRD#153085
Investment Advisor Firm

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Overview

Karpinski Financial, LLC is a financial advisory company headquartered in Scottsdale, Arizona. The company has $28.6 million in total assets over 177 client accounts. The company has a small group of one employee who is a financial advisor. Karpinski Financial, LLC is not a registered broker-dealer, meaning the company cannot buy and sell securities for its accounts and those of its customers and instead is required to go through a broker-dealer company to do so. Securities are exchangable financial investments like options, stocks and bonds.

Karpinski Financial, LLC administers all of the company's client assets on a discretionary basis. Discretionary management signifies that an investment advisor has the discretion to make buy and sell judgments without needing to seek the client's permission. The advisory firm'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 average advisor at Karpinski Financial, LLC manages around 177 client accounts.

The firm's headquarters is located at 8020 East Gelding Drive, Scottsdale, Arizona 85260. Karpinski Financial, LLC is legally registered to provide services to investors throughout 3 states, including Arizona, Texas and Wisconsin.

Assets Under Management

$28.6 million

Number of Advisors

1

Fee Structure

Asset-based, Hourly, Fixed

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: 4,943
Total Number of Accounts

177

National Average: 2,522
Average Account Size

$161.3 thousand

National Average: $1.3 million

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Products and Services

Financial services offered by Karpinski Financial, LLC include financial planning services and portfolio management for individuals and small businesses. However, it did not provide financial planning services to any of its clients in the previous fiscal year. It does not sell products or offer services other than investment advisory services to its investment advisory customers.

Core Advisor Services

  • Offered by 45% 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 63% 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 largely are based on which service is offered. However, fees charged by Karpinski Financial, LLC likely are comprised of some blend of the following fee structures: asset-based, hourly or fixed. The company does not participate in a wrap fee program, in which the company offers a bundle of services for a comprehensive fee. The firm is able to withdraw the fees directly from customer funds.

Available

  • Offered by 75% 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 37% 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 40% 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 3% 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

Karpinski Financial, LLC caters to retail investors and high net worth investors. Out of its 177 clients, Karpinski Financial, LLC's biggest client type is retail investors, but it also manages money for eight high-net-worth individuals. The SEC defines a high-net-worth individual as a person who has at least $750,000 under management 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 its customers are non-U.S. persons.

  • 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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This content was compiled from the SEC and FINRA