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RIA / WealthRegistered adviserindependent wealth managerSEC registeredRAUM 100m 1b

LAZARI CAPITAL MANAGEMENT, INC.

CRD 172932

BURBANK, CA

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:da3a26e0-476d-3482-0bd2-868fcfe8976e

Data as of May 19, 2026 (this record's last observation) from federal regulator filings. Page built Sep 19, 2026, 11:46 PM UTC and rebuilt at most every 15 minutes.

Relationships: 16
Dated events: 5
On other graphs: 0
Observed: Mar 23, 2018 to May 19, 2026
52 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=0.73 fund_share=0.0 institutional_share=0.25 related_bd=true related_bank=false bd_reps=3.0
Regulatory AUM: $691MItem 5.F on the latest filing (2026-05-19); as reported, and an affiliate's assets may be counted again on its own filing
Discretionary RAUM: $555M
Private client RAUM: $502MderivedItem 5.D individuals plus high net worth individuals
Private client share: 73%derivedprivate client RAUM over total RAUM
Advisors on IAPD: 11
RAUM per advisor: $62.8Mderivedthe firm's RAUM over its IAPD headcount: a firm average, never a person's book
Employees: 14
Advisory employees: 8
Offices: 2Schedule D 1.F, beyond the principal office
Accounts: 1,599
Individual clients: 609
High net worth clients: 122
Private funds: 1Schedule D 7.B(1)
Custody, client assets: $0
SEC number: 801-112927
CRD: 172932
Filings on the tape: 52
First filed: Mar 23, 2018
Latest filed: May 19, 2026
Organised: Corporation, CA
Website: lazaricapital.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
MICHAEL LAZARI KARAPETIAN	n/a	BURBANK, CA	11	29	3	yes
Rajiv Shah	n/a	CORAL GABLES, FL \| Weston, FL \| BURBANK, CA \| DALLAS, TX \| WESTON, FL	8	26	14	yes
RICHARD WAYNE PLAMONDON	n/a	BURBANK, CA	7	36	3	no
James Richard Koller	n/a	BURBANK, CA \| Glendale, CA	7	15	1	yes
EDWARD KELLY LEVI	n/a	BURBANK, CA	7	36	5	no
Kirk Shahen Mekerdichian	n/a	BURBANK, CA	6	16	n/a	yes
ARAX MALVINA RYVKIN	n/a	BURBANK, CA \| Fort Lauderdale, FL	4	35	4	no
Kristina Marie Zimmerman	n/a	Woodland Hills, CA \| BURBANK, CA	2	35	4	yes
EMILY ANNA JOHNSON	Certified Financial Planner	BURBANK, CA \| Hilton Head, SC	2	22	6	no
Hagop Jack Karadanaian	n/a	Glendale, CA \| BURBANK, CA	1	15	1	yes
Melvin Nazarian Masihi	n/a	Burbank, CA	0	10	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
KARAPETIAN, MICHAEL, LAZARI	President	E	yes	08/2014	Mar 23, 2018	Nov 19, 2024
MELKONIAN, HOVIG	Cco	Na	no	09/2024	Sep 10, 2024	Nov 19, 2024

Affiliates (Item 7.A)

as filed on Item 7.A; a related person with a CRD on the graph links to its own page

Related person	Type	Class on the graph	Its RAUM	Control	Common control	State
MICHAEL LAZARI KARAPETIAN	n/a	n/a	n/a	N	yes	n/a

Offices

Schedule D 1.F offices beyond the principal office; street addresses are not published

City	State	Country	Employees	Also broker-dealer
Glendale	CA	United States	3	yes
HILTON HEAD	Sc	United States	1	no

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; showing 8 of 9

Fiscal year	Filed	RAUM	Discretionary	Employees	Advisory staff	Offices	Private funds	Fund GAV
2025	Apr 13, 2026	$691M	$555M	14	8	2	1	n/a
2024	Mar 31, 2025	$615M	$457M	14	8	2	n/a	n/a
2023	Mar 7, 2024	$471M	$364M	8	5	1	n/a	n/a
2022	Feb 15, 2023	$399M	$296M	9	7	1	n/a	n/a
2021	Feb 2, 2022	$402M	$335M	9	7	1	n/a	n/a
2020	Feb 2, 2021	$343M	$333M	8	6	1	n/a	n/a
2019	Feb 11, 2020	$274M	$222M	7	5	1	n/a	n/a
2018	Feb 20, 2019	$164M	$152M	8	6	1	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	3	1

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	$691M	$615M	12.4%	$399M	20.1%	14	14	2	2

Relationships

Registered with (14)

← Melvin Nazarian MasihiAdvisorregistration: current employment
Sep 1, 2026 to presentfactForm ADV
← Hagop Jack KaradanaianAdvisorregistration: current employment
Aug 13, 2025 to presentfactForm ADV
← EMILY ANNA JOHNSONAdvisorregistration: current employment
May 9, 2024 to presentfactForm ADV
← Kristina Marie ZimmermanAdvisorregistration: current employment
Feb 15, 2024 to presentfactForm ADV
← ARAX MALVINA RYVKINAdvisorregistration: current employment
Mar 16, 2022 to presentfactForm ADV
← Kirk Shahen MekerdichianAdvisorregistration: current employment
Jul 31, 2020 to presentfactForm ADV
← EDWARD KELLY LEVIAdvisorregistration: current employment
Nov 13, 2018 to presentfactForm ADV
← James Richard KollerAdvisorregistration: current employment
Oct 26, 2018 to presentfactForm ADV
← RICHARD WAYNE PLAMONDONAdvisorregistration: current employment
Oct 9, 2018 to presentfactForm ADV
← Rajiv ShahAdvisorregistration: current employment
May 16, 2018 to presentfactForm ADV
← MICHAEL LAZARI KARAPETIANAdvisorregistration: current employment
Jan 2, 2015 to presentfactForm ADV
← GIL O AIKINSAdvisorregistration: previous registration
Apr 17, 2023 to Jul 19, 2024factForm ADV
← Michael K De LuzAdvisorregistration: previous registration
May 16, 2018 to Sep 11, 2023factForm ADV
← TAJ ZACHARY ROHRAdvisorregistration: previous registration
Oct 12, 2018 to Apr 12, 2019factForm ADV

Controls (1)

← KARAPETIAN, MICHAEL, LAZARIOwnerPRESIDENT, ownership code E, individual
Mar 23, 2018 to Nov 19, 2024factForm ADV

Owns (1)

← MELKONIAN, HOVIGOwnerCCO, ownership code NA, individual
Sep 10, 2024 to Nov 19, 2024factForm ADV

Dated events

Occurred
Mar 31, 2025
Regulatory AUM changed
Lazari Capital Management, Inc. reported RAUM $614.6M, up 30% from $471.1M (2024-11-19 to 2025-03-31)
Form ADVobserved 4 days ago
$143M
Occurred
Jul 19, 2024
Advisor changed firm
Gil O Aikins left Lazari Capital Management, Inc. for Puente Asesoramiento De Inversiones, Llc (registered 2023-07-06)
Form ADVobserved 4 days ago
Occurred
Sep 11, 2023
Advisor changed firm
Michael K De Luz left Lazari Capital Management, Inc. for Kovack Advisors, Inc. (registered 2020-04-23)
Form ADVobserved 4 days ago
Occurred
Feb 11, 2020
Regulatory AUM changed
Lazari Capital Management, Inc. reported RAUM $273.5M, up 67% from $163.6M (2019-07-23 to 2020-02-11)
Form ADVobserved 4 days ago
$110M
Occurred
Mar 23, 2018
First Form ADV filing
Lazari Capital Management, Inc. filed its initial SEC registration (Form ADV)
Form ADVobserved 4 days ago

Provenance

Graph: RIA / Wealth Management
Canonical id: dfx:ria:da3a26e0-476d-3482-0bd2-868fcfe8976e
First observed: Mar 23, 2018
Last observed: May 19, 2026 4 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.

LAZARI CAPITAL MANAGEMENT, INC.

CRD 172932

BURBANK, CA

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:da3a26e0-476d-3482-0bd2-868fcfe8976e

Data as of May 19, 2026 (this record's last observation) from federal regulator filings. Page built Sep 19, 2026, 11:46 PM UTC and rebuilt at most every 15 minutes.

Advisor

Designations

Branch

Years here

In industry

Prior firms

Dual registered

MICHAEL LAZARI KARAPETIAN

n/a

BURBANK, CA

yes

Rajiv Shah

n/a

CORAL GABLES, FL | Weston, FL | BURBANK, CA | DALLAS, TX | WESTON, FL

yes

RICHARD WAYNE PLAMONDON

n/a

BURBANK, CA

James Richard Koller

n/a

BURBANK, CA | Glendale, CA

yes

EDWARD KELLY LEVI

n/a

BURBANK, CA

Kirk Shahen Mekerdichian

n/a

BURBANK, CA

n/a

yes

ARAX MALVINA RYVKIN

n/a

BURBANK, CA | Fort Lauderdale, FL

Kristina Marie Zimmerman

n/a

Woodland Hills, CA | BURBANK, CA

yes

EMILY ANNA JOHNSON

Certified Financial Planner

BURBANK, CA | Hilton Head, SC

Hagop Jack Karadanaian

n/a

Glendale, CA | BURBANK, CA

yes

Melvin Nazarian Masihi

n/a

Burbank, CA

n/a

Owner

Title

Ownership code

Control person

Acquired

First seen

Last seen

KARAPETIAN, MICHAEL, LAZARI

President

yes

08/2014

Mar 23, 2018

Nov 19, 2024

MELKONIAN, HOVIG

Cco

09/2024

Sep 10, 2024

Nov 19, 2024

Related person

Type

Class on the graph

Its RAUM

Control

Common control

State

MICHAEL LAZARI KARAPETIAN

n/a

yes

n/a

City

State

Country

Employees

Also broker-dealer

Glendale

United States

yes

HILTON HEAD

United States

Fiscal year

Filed

RAUM

Discretionary

Employees

Advisory staff

Offices

Private funds

Fund GAV

2025

Apr 13, 2026

$691M

$555M

n/a

2024

Mar 31, 2025

$615M

$457M

n/a

2023

Mar 7, 2024

$471M

$364M

n/a

2022

Feb 15, 2023

$399M

$296M

n/a

2021

Feb 2, 2022

$402M

$335M

n/a

2020

Feb 2, 2021

$343M

$333M

n/a

2019

Feb 11, 2020

$274M

$222M

n/a

2018

Feb 20, 2019

$164M

$152M

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

$691M

$615M

12.4%

$399M

20.1%