Karpas Strategies LLC
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Overview
Karpas Strategies LLC operates as a financial advisor company that has its headquarters in Litchfield, Connecticut. It manages $383.3 million in total assets across 186 client accounts, making it one of the bigger investment advisory firms in the country by assets under management (AUM). Karpas Strategies LLC has a small team, including 2 financial advisors. Karpas Strategies LLC is not a registered broker-dealer, meaning the company is not able to buy and sell securities for its customers' and own accounts and instead is required to go through a broker-dealer firm to do so. Securities are exchangable financial investments such as options, bonds and equities.
Karpas Strategies LLC manages all of the company's client assets in a discretionary manner. Discretionary management signifies that buy and sell judgments for the client's account are made by a portfolio manager without needing client consent. The investment advisory firm's typical account size is $2.1 million. The typical financial advisor at Karpas Strategies LLC oversees around 93 client accounts.
The company's main office is at 33 West Street, Rear, Litchfield, Connecticut 6759. The firm is legally allowed to serve clients throughout a number of states, including Connecticut, Florida, Nebraska, New Jersey and New York.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Karpas Strategies LLC by the Numbers
$383.3 million
2
186
$2.1 million
Fee Structure
A financial advisor's fees largely are based on the financial services offered. Fee types charged by the company can consist of the following fee structures: asset-based or fixed. The company does not participate in a wrap fee program, in which the firm offers a bundle of services for a single fee.
Available
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Offered by 69% of firms
Percentage of Assets
-
Offered by 32% of firms
Fixed
Unavailable
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Find one of the 21% of firms that offer this fee type
Hourly
-
Find one of the 1% of firms that offer this fee type
Commissions
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Find one of the 26% of firms that offer this fee type
Performance-based
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Find one of the 0% of firms that offer this fee type
Subscription
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Find one of the 10% of firms that offer this fee type
Other
Types of Clients
Karpas Strategies LLC provides services to retail investors, high net worth investors and charitable organizations. Out of its 186 clients, Karpas Strategies LLC's largest client by number of accounts is high net worth investors, although it also serves 43 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 more than $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). Just 1% of the company's accounts are represented by people from outside of the U.S.
- High-Net-Worth Individuals* - 91.49%
- Other Individuals - 6.38%
- Corporations - 0%
- Charitable Organizations - 2.13%
* 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
Karpas Strategies LLC does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Karpas Strategies LLC
Litchfield, CT
Litchfield, CT
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