Karpus Investment Management
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Overview
Karpus Investment Management is an advisory company that has its headquarters in Pittsford, New York. It handles $3.5 billion in total assets over 2,248 accounts, making it one of the largest firms in the country by assets under management (AUM). Karpus Investment Management has an average-sized group, including 19 financial advisors. Karpus Investment Management does not act as a registered broker-dealer, meaning the firm cannot buy and sell securities for its accounts and those of its customers and instead must go through a broker-dealer firm to do so. Securities are defined as tradable fiscal assets such as bonds, options and equities.
Karpus Investment Management manages all of the company's client assets in a discretionary manner. Discretionary management is a structure in which a portfolio manager makes buy and sell decisions for the client's account without needing to seek the client's approval. The investment advisory firm's typical account size is $1.5 million. The average financial advisor at Karpus Investment Management administers about 118 client accounts.
The firm's central office is located at 183 Sully'S Trail, Pittsford, New York 14534. The company is permitted to serve clients throughout 41 U.S. states and territories.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Karpus Investment Management by the Numbers
![](https://d31s10tn3clc14.cloudfront.net/imgs/falc/assets@2x.png)
$3.5 billion
![](https://d31s10tn3clc14.cloudfront.net/imgs/falc/employees@2x.png)
41
![](https://d31s10tn3clc14.cloudfront.net/imgs/falc/accounts@2x.png)
2,248
![](https://d31s10tn3clc14.cloudfront.net/imgs/falc/account-size@2x.png)
$1.5 million
Fee Structure
Financial advisory fees usually are based on the type of services provided. Fees charged by Karpus Investment Management typically consist of the following fee structure: asset-based. Wrap fee programs, or the practice of bundling services for a single fee, are offered by Karpus Investment Management.
Available
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Offered by 69% of firms
Percentage of Assets
Unavailable
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Find one of the 21% of firms that offer this fee type
Hourly
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Find one of the 1% of firms that offer this fee type
Commissions
-
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
-
Find one of the 32% of firms that offer this fee type
Fixed
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Find one of the 10% of firms that offer this fee type
Other
Types of Clients
The firm works with a number of different investors. Karpus Investment Management caters to retail investors, high net worth investors, pension plans, charitable organizations and corporations. Out of its 2,248 clients, Karpus Investment Management's largest client group by number of accounts is retail investors, but it also serves 605 high-net-worth individuals. The SEC defines a high-net-worth individual as an individual who has at least $750,000 under management or a net worth of at least $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). Just 1% of its clients are represented by non-U.S. persons.
- High-Net-Worth Individuals* - 34.03%
- Other Individuals - 56.13%
- Corporations - 7.09%
- Charitable Organizations - 2.76%
* 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
Karpus Investment Management does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Karpus Investment Management
Pittsford, NY
Pittsford, NY
Pittsford, NY
Pittsford, NY
Pittsford, NY
Pittsford, NY
Pittsford, NY
Naples, FL
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