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RIA / WealthRegistered adviserindependent wealth managerSEC registeredRAUM 100m 1b

KELMAN LAZAROV INC

CRD 107727

MEMPHIS, TN

This is the graph view. The full profile, with its team, deals and sources, is on RIA / Wealth Management.Open the full profile →

Search this name across graphsid dfx:ria:9e545dd0-83ee-01ed-9078-2c6da9fd2efa

Data as of Mar 31, 2026 (this record's last observation) from federal regulator filings. Page built Sep 20, 2026, 7:52 AM UTC and rebuilt at most every 15 minutes.

Relationships: 22
Dated events: 4
On other graphs: 0
Observed: Mar 30, 2012 to Mar 31, 2026
42 observations

Across DFX

This entity has not been resolved onto another DFX graph by a shared identifier. A name match elsewhere would be a candidate, never an identity, and none is recorded.

Facts

fact = as filed or announced; derived = computed by DFX; estimate = a band, never a point

Firm class: independent wealth managerderivedprivate_client_share=0.99 fund_share=0.0 institutional_share=0.01 related_bd=false related_bank=false bd_reps=2.0
Regulatory AUM: $895MItem 5.F on the latest filing (2026-03-31); as reported, and an affiliate's assets may be counted again on its own filing
Discretionary RAUM: $895M
Private client RAUM: $889MderivedItem 5.D individuals plus high net worth individuals
Private client share: 99%derivedprivate client RAUM over total RAUM
Advisors on IAPD: 12
RAUM per advisor: $74.6Mderivedthe firm's RAUM over its IAPD headcount: a firm average, never a person's book
Employees: 17
Advisory employees: 13
Offices: 0Schedule D 1.F, beyond the principal office
Accounts: 1,512
Individual clients: 251
High net worth clients: 323
Custody, client assets: $297M
SEC number: 801-45185
CIK: 1672067
CRD: 107727
Filings on the tape: 42
First filed: Mar 30, 2012
Latest filed: Mar 31, 2026
Organised: Corporation, TN
Website: kelman-lazarov.com

Advisors on IAPD

current investment adviser representatives on the IAPD individual feed, longest tenure first

Advisor	Designations	Branch	Years here	In industry	Prior firms	Dual registered
MARTIN SAMUEL KELMAN	Certified Financial Planner	MEMPHIS, TN	22	45	1	no
WILLIAM IRA STEINBERG	Certified Financial Planner	MEMPHIS, TN	22	37	n/a	no
ANDREW D BUZAN	Chartered Financial Analyst	MEMPHIS, TN	12	19	1	no
JACOB CULLEN SAMUELS	Certified Financial Planner	MEMPHIS, TN	11	13	n/a	no
Patrick Joseph O'Hearn	Certified Financial Planner	MEMPHIS, TN	9	10	n/a	no
KEITH FRANCIS SCHMITT	n/a	MEMPHIS, TN	9	20	2	yes
MICHAEL MUNEKATA	n/a	MEMPHIS, TN	9	12	n/a	yes
CHRISTOPHER JOHN PURCELL	Certified Financial Planner	MEMPHIS, TN	7	12	1	no
APRIL RICE LOWERY	Certified Financial Planner	MEMPHIS, TN	7	20	n/a	no
STEPHANIE LYNN GOETSCH	Certified Financial Planner	MEMPHIS, TN	3	11	2	yes
Lukas J McCalla	Certified Financial Planner	MEMPHIS, TN	2	10	n/a	no
John Gregory Dabov	n/a	MEMPHIS, TN	1	11	n/a	no

Owners and control persons

Schedule A and B as filed; ownership codes are the form's bands (NA under 5%, A 5 to 10%, B 10 to 25%, C 25 to 50%, D 50 to 75%, E over 75%); people are listed as filed and never merged by name

Owner	Title	Ownership code	Control person	Acquired	First seen	Last seen
BUZAN, ANDREW, D	CO-CHIEF INVESTMENT OFFICER	B	yes	05/2019	May 31, 2019	Dec 3, 2024
KELMAN, MARTIN, SAMUEL	Chairman	B	yes	04/1981	Mar 30, 2012	Dec 3, 2024
LAZAROV, RONALD, JAY	PRESIDENT/CO-CHIEF INVESTMENT OFFICER	B	yes	08/1979	Mar 30, 2012	Dec 3, 2024
MUNEKATA, MICHAEL	CHIEF COMPLIANCE OFFICER	Na	yes	05/2019	May 31, 2019	Dec 3, 2024
SCHMITT, KEITH, FRANCIS	DIRECTOR OF FINANCIAL PLANNING	B	yes	05/2019	May 31, 2019	Dec 3, 2024
O'Hearn, Patrick, Joseph	SENIOR FINANCIAL ADVISOR	B	no	01/2022	Mar 30, 2022	Dec 3, 2024

Regulatory AUM by fiscal year

annual amendments (and the roster's annual snapshot) as filed; where a year was amended twice the later filing draws the line

Fiscal year	Filed	RAUM	Discretionary	Employees	Advisory staff	Offices	Private funds	Fund GAV
2025	Mar 31, 2026	$895M	$895M	17	13	0	n/a	n/a
2024	Mar 28, 2025	$705M	$705M	15	12	0	n/a	n/a
2023	Mar 28, 2024	$647M	$647M	15	11	0	n/a	n/a
2022	Mar 31, 2023	$541M	$541M	15	11	0	n/a	n/a
2021	Mar 30, 2022	$621M	$621M	16	11	0	n/a	n/a
2020	Mar 29, 2021	$533M	$533M	14	10	0	n/a	n/a
2019	Mar 30, 2020	$473M	$473M	14	10	0	n/a	n/a
2018	Mar 27, 2019	$399M	$399M	16	11	0	n/a	n/a
2017	Mar 21, 2018	$425M	$425M	17	11	0	n/a	n/a
2016	Feb 23, 2017	$351M	$351M	16	10	n/a	n/a	n/a
2015	Mar 29, 2016	$319M	$319M	14	9	n/a	n/a	n/a
2014	Mar 24, 2015	$310M	$310M	15	10	n/a	n/a	n/a
2013	Mar 31, 2014	$281M	$278M	14	8	n/a	n/a	n/a
2012	Feb 25, 2013	$237M	$229M	15	9	n/a	n/a	n/a
2011	Mar 30, 2012	$196M	$184M	n/a	n/a	n/a	n/a	n/a

Advisor flows

derived: registrations beginning and ending at this CRD on IAPD, bulk corporate re-registrations excluded; the rate is departures over IAPD headcount

Joined, 12m	Left, 12m	Net, 12m	Departure rate, 12m	Joined, 90d	Left, 90d	Left, no destination yet	Joined, 36m	Left, 36m
0	0	0	0.0%	0	0	0	0	0

Growth

derived from consecutive annual filings; RAUM as reported

Latest fiscal year	RAUM	A year earlier	1y change	Three years earlier	3y CAGR	Employees	A year earlier	Offices	A year earlier
2025	$895M	$705M	26.8%	$541M	18.3%	17	15	0	0

Teams in

teams that arrived here from one firm together

Other firm	Advisors	First left	Last joined	From	Kind	Move type	Share of firm
CETERA ADVISOR NETWORKS LLC	2	Jul 25, 2016	Oct 3, 2013	MEMPHIS, TN	Team lift out	Other	0.4%

Relationships

Registered with (14)

← John Gregory DabovAdvisorregistration: current employment
Aug 26, 2025 to presentfactForm ADV
← Lukas J McCallaAdvisorregistration: current employment
Aug 9, 2024 to presentfactForm ADV
← STEPHANIE LYNN GOETSCHAdvisorregistration: current employment
Apr 28, 2023 to presentfactForm ADV
← APRIL RICE LOWERYAdvisorregistration: current employment
Mar 6, 2019 to presentfactForm ADV
← CHRISTOPHER JOHN PURCELLAdvisorregistration: current employment
Jan 3, 2019 to presentfactForm ADV
← MICHAEL MUNEKATAAdvisorregistration: current employment
Jun 29, 2017 to presentfactForm ADV
← KEITH FRANCIS SCHMITTAdvisorregistration: previous registration
Sep 16, 2008 to Apr 19, 2010factForm ADV
← Patrick Joseph O'HearnAdvisorregistration: current employment
Oct 11, 2016 to presentfactForm ADV
← JACOB CULLEN SAMUELSAdvisorregistration: current employment
Jan 5, 2015 to presentfactForm ADV
← ANDREW D BUZANAdvisorregistration: current employment
Oct 3, 2013 to presentfactForm ADV
← WILLIAM IRA STEINBERGAdvisorregistration: current employment
Mar 16, 2004 to presentfactForm ADV
← MARTIN SAMUEL KELMANAdvisorregistration: current employment
Mar 11, 2004 to presentfactForm ADV
← KRISTEN MATTINGLY ELLISAdvisorregistration: previous registration
Sep 9, 2013 to Nov 29, 2016factForm ADV
← JASON BERT FRAZIERAdvisorregistration: previous registration
Apr 9, 2008 to Dec 7, 2010factForm ADV

Controls (5)

← KELMAN, MARTIN, SAMUELOwnerCHAIRMAN, ownership code B, individual
Mar 30, 2012 to Dec 3, 2024factForm ADV
← SCHMITT, KEITH, FRANCISOwnerDIRECTOR OF FINANCIAL PLANNING, ownership code B, individual
May 31, 2019 to Dec 3, 2024factForm ADV
← BUZAN, ANDREW, DOwnerCO-CHIEF INVESTMENT OFFICER, ownership code B, individual
May 31, 2019 to Dec 3, 2024factForm ADV
← MUNEKATA, MICHAELOwnerCHIEF COMPLIANCE OFFICER, ownership code NA, individual
May 31, 2019 to Dec 3, 2024factForm ADV
← LAZAROV, RONALD, JAYOwnerPRESIDENT/CO-CHIEF INVESTMENT OFFICER, ownership code B, individual
Mar 30, 2012 to Dec 3, 2024factForm ADV

Owns (1)

← O'Hearn, Patrick, JosephOwnerSENIOR FINANCIAL ADVISOR, ownership code B, individual
Mar 30, 2022 to Dec 3, 2024factForm ADV

Moved with (1)

← CETERA ADVISOR NETWORKS LLCRegistered adviser2 advisors, team lift out, same day
Jul 25, 2016 to Oct 3, 2013factForm ADV

Dated events

Occurred
Mar 31, 2026
Regulatory AUM changed
Kelman Lazarov Inc reported RAUM $894.6M, up 27% from $705.4M (2025-03-28 to 2026-03-31)
Form ADVobserved 5 days ago
$189M
Occurred
May 31, 2019
Control person joined
Michael Munekata (Chief Compliance Officer) appeared on Schedule A of Kelman Lazarov Inc
Form ADVobserved 5 days ago
Occurred
May 31, 2019
Control person joined
Francis Keith Schmitt (Director Of Financial Planning) appeared on Schedule A of Kelman Lazarov Inc
Form ADVobserved 5 days ago
Occurred
May 31, 2019
Control person joined
D Andrew Buzan (Co-Chief Investment Officer) appeared on Schedule A of Kelman Lazarov Inc
Form ADVobserved 5 days ago

Provenance

Graph: RIA / Wealth Management
Canonical id: dfx:ria:9e545dd0-83ee-01ed-9078-2c6da9fd2efa
First observed: Mar 30, 2012
Last observed: Mar 31, 2026 5 months ago
Source families: Federal regulator filings
3 registered feeds stand behind this record; each fact above carries its own dates and, where the publisher serves one, its document.
Resolution: Identity across graphs by shared identifier (CRD, CIK, EIN, ADV fund id, individual CRD) or citation; a name match is shown as a candidate and never merged.

KELMAN LAZAROV INC

CRD 107727

MEMPHIS, TN

This is the graph view. The full profile, with its team, deals and sources, is on RIA / Wealth Management.Open the full profile →

Search this name across graphsid dfx:ria:9e545dd0-83ee-01ed-9078-2c6da9fd2efa

Data as of Mar 31, 2026 (this record's last observation) from federal regulator filings. Page built Sep 20, 2026, 7:52 AM UTC and rebuilt at most every 15 minutes.

Advisor

Designations

Branch

Years here

In industry

Prior firms

Dual registered

MARTIN SAMUEL KELMAN

Certified Financial Planner

MEMPHIS, TN

WILLIAM IRA STEINBERG

Certified Financial Planner

MEMPHIS, TN

n/a

ANDREW D BUZAN

Chartered Financial Analyst

MEMPHIS, TN

JACOB CULLEN SAMUELS

Certified Financial Planner

MEMPHIS, TN

n/a

Patrick Joseph O'Hearn

Certified Financial Planner

MEMPHIS, TN

n/a

KEITH FRANCIS SCHMITT

n/a

MEMPHIS, TN

yes

MICHAEL MUNEKATA

n/a

MEMPHIS, TN

n/a

yes

CHRISTOPHER JOHN PURCELL

Certified Financial Planner

MEMPHIS, TN

APRIL RICE LOWERY

Certified Financial Planner

MEMPHIS, TN

n/a

STEPHANIE LYNN GOETSCH

Certified Financial Planner

MEMPHIS, TN

yes

Lukas J McCalla

Certified Financial Planner

MEMPHIS, TN

n/a

John Gregory Dabov

n/a

MEMPHIS, TN

n/a

Owner

Title

Ownership code

Control person

Acquired

First seen

Last seen

BUZAN, ANDREW, D

CO-CHIEF INVESTMENT OFFICER

yes

05/2019

May 31, 2019

Dec 3, 2024

KELMAN, MARTIN, SAMUEL

Chairman

yes

04/1981

Mar 30, 2012

Dec 3, 2024

LAZAROV, RONALD, JAY

PRESIDENT/CO-CHIEF INVESTMENT OFFICER

yes

08/1979

Mar 30, 2012

Dec 3, 2024

MUNEKATA, MICHAEL

CHIEF COMPLIANCE OFFICER

yes

05/2019

May 31, 2019

Dec 3, 2024

SCHMITT, KEITH, FRANCIS

DIRECTOR OF FINANCIAL PLANNING

yes

05/2019

May 31, 2019

Dec 3, 2024

O'Hearn, Patrick, Joseph

SENIOR FINANCIAL ADVISOR

01/2022

Mar 30, 2022

Dec 3, 2024

Fiscal year

Filed

RAUM

Discretionary

Employees

Advisory staff

Offices

Private funds

Fund GAV

2025

Mar 31, 2026

$895M

n/a

2024

Mar 28, 2025

$705M

n/a

2023

Mar 28, 2024

$647M

n/a

2022

Mar 31, 2023

$541M

n/a

2021

Mar 30, 2022

$621M

n/a

2020

Mar 29, 2021

$533M

n/a

2019

Mar 30, 2020

$473M

n/a

2018

Mar 27, 2019

$399M

n/a

2017

Mar 21, 2018

$425M

n/a

2016

Feb 23, 2017

$351M

n/a

2015

Mar 29, 2016

$319M

n/a

2014

Mar 24, 2015

$310M

n/a

2013

Mar 31, 2014

$281M

$278M

n/a

2012

Feb 25, 2013

$237M

$229M

n/a

2011

Mar 30, 2012

$196M

$184M

n/a

Joined, 12m

Left, 12m

Net, 12m

Departure rate, 12m

Joined, 90d

Left, 90d

Left, no destination yet

Joined, 36m

Left, 36m

0.0%

Latest fiscal year

RAUM

A year earlier

1y change

Three years earlier

3y CAGR

Employees

A year earlier

Offices

A year earlier

2025

$895M

$705M

26.8%

$541M

18.3%

Other firm

Advisors

First left

Last joined

From

Kind

Move type

Share of firm

CETERA ADVISOR NETWORKS LLC

Jul 25, 2016

Oct 3, 2013

MEMPHIS, TN

Team lift out

Other

0.4%