DFX Intelligence
RIA Intelligence
Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.
SEC-registered adviser
The Karras Company, Inc.
Latest filing Sep 9, 2026
First filing on the tape Feb 15, 2012 · 21 filings
SEC status approved since Mar 20, 1998
RAUM
$373M
reported, Item 5.F
Discretionary
88%
of RAUM
Private clients
98%
$367M individuals and HNW
Advisors
5
registered through the firm on IAPD
RAUM per advisor
$74.6M
derived; firm RAUM over IAPD count
Employees
7
4 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
21 filings and snapshots on the tape
RAUM$373M as of Feb 24, 2026
Feb 15, 2012$759M then
HNW client RAUM$312M as of Feb 24, 2026
Mar 29, 2018$69.9M then
State-registered IARs (5.B.3)4 as of Feb 24, 2026
Feb 20, 20131 then
Employees (5.A)7 as of Feb 24, 2026
Feb 20, 20135 then
Private funds: no history
RAUM +6.6% over the last fiscal year+10% a year over threeIARs 4 to 4
Practice profile
derived from the filing of Sep 9, 2026; every figure names its basis
Archetypes, each a printed rule
- HNW wealth manager · private-client share of RAUM at least 50 percent and HNW share of private-client RAUM 50 to 90 percent
- Independent boutique · a wealth manager with no broker-dealer, bank or insurance affiliate, 2 to 25 advisors, one to three offices, no public reporting company control
- RAUM per advisor
- $74.6MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 50derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $3.4MderivedHNW RAUM over HNW clients
- Average account
- $477,408derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 88%derivedof RAUM
- Institutional
- 1.5%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.4derivedItem 5.A over advisors
- Advisors per office
- 5.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +6.6%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -5.7%derived
- Compensation
- percentage of assets, hourly, fixed fees, otherreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consulting, selection of other advisersreportedItem 5.G
- Wrap fee program
- participatesreportedItem 5.I
- Ownership
- no PE, bank or public-company owner found on Schedule Aderived
- Advisor book size
- not public; not estimatedreported
Also answered yes on Form ADV
- buys or sells securities as principal to or from clients (8.A.2)
- has discretionary authority over which securities are bought or sold (8.C.1)
- receives research or other products from a broker-dealer, soft dollars (8.E)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$312M84%
- Individuals$54.9M15%
- Charitable organizations$5.6M1.5%
- Individual clients
- 156reported
- HNW clients
- 93reported
- Pension plan clients
- n/areported
- Charitable clients
- 2reported
- Accounts
- 781reported
- Financial planning clients
- 251-500reported
- Wrap fee programs
- $0 sponsored, $421,160 managedreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, fixed, hourlyreported
- Class basis
- private_client_share=0.98 fund_share=0.0 institutional_share=0.02 related_bd= related_bank= bd_reps=4.0derived
Advisors registered through the firm
5 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Nolan Eldon Karras | Roy, Ut | Apr 3, 2006 | 42 y | 0 |
| Brett Nolan KarrasCertified Financial Planner | Roy, Ut | Apr 3, 2006 | 33 y | 0 |
| William Brett MerrellCertified Financial Planner | Roy, Ut | Jan 5, 2018 | 14 y | 3 |
| Boyd Raymond HansenCertified Financial Planner | Roy, Ut | Jul 7, 2020 | 42 y | 1 |
| Christian Brett Karras | Lincoln, Ne | Sep 11, 2026 | 10 y | 3 |
Advisor movement
0 left, 1 joined in 12 months
net +1 in 12 months0 left in 90 days1 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Left, latest
- Max James Mcquiston to Capital Client Group, Inc.Jul 22, 2010 · Other
Joined, latest
- Christian Brett Karras from Raymond James Financial Services Advisors, IncSep 11, 2026 · Affiliated broker-dealer or bank to independent RIA
- Boyd Raymond Hansen from Raymond James Financial Services Advisors, IncJul 7, 2020 · Affiliated broker-dealer or bank to independent RIA
- William Brett Merrell from Raymond James Financial Services Advisors, IncJan 5, 2018 · Other
- Max James Mcquiston from Raymond James Financial Services, Inc.Aug 13, 2007 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Nolan Brett Karras · President/Chief Compliance Officercontrolsince 05/2000 · owns 10% to 25%
- Eldon Nolan Karras · Chairmancontrolsince 12/1997 · owns 75% or more
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Roy, Ut · principal | 4 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Financial planning clients · 251-500 to 251-500Feb 24, 2026 to Sep 9, 2026
- Related adviser · false to unsetFeb 24, 2026 to Sep 9, 2026
- Related bank · false to unsetFeb 24, 2026 to Sep 9, 2026
- Related broker-dealer · false to unsetFeb 24, 2026 to Sep 9, 2026
- Related insurance company · false to unsetFeb 24, 2026 to Sep 9, 2026
- Succession · false to unsetFeb 24, 2026 to Sep 9, 2026
- Accounts · 742 to 781Feb 28, 2025 to Feb 24, 2026
- Charity clients · unset to 2.0Feb 28, 2025 to Feb 24, 2026
- HNW clients · 91 to 93Feb 28, 2025 to Feb 24, 2026
- Individual clients · 173 to 156Feb 28, 2025 to Feb 24, 2026
- Discretionary RAUM · $316M to $329MFeb 28, 2025 to Feb 24, 2026
- HNW RAUM · $292M to $312MFeb 28, 2025 to Feb 24, 2026
- Individual RAUM · $57.7M to $54.9MFeb 28, 2025 to Feb 24, 2026
- Non-discretionary RAUM · $33.6M to $44.3MFeb 28, 2025 to Feb 24, 2026
- RAUM · $350M to $373MFeb 28, 2025 to Feb 24, 2026
- Wrap assets (manager) · unset to 421160.0Feb 28, 2025 to Feb 24, 2026
- Wrap assets (sponsor) · unset to 0.0Feb 28, 2025 to Feb 24, 2026
- Accounts · 717 to 742Mar 28, 2024 to Feb 28, 2025
- HNW clients · 11 to 91Mar 28, 2024 to Feb 28, 2025
- Individual clients · 232 to 173Mar 28, 2024 to Feb 28, 2025
- Commission compensation · true to falseMar 28, 2024 to Feb 28, 2025
- Financial planning clients · 101-250 to 251-500Mar 28, 2024 to Feb 28, 2025
- Discretionary RAUM · $287M to $316MMar 28, 2024 to Feb 28, 2025
- HNW RAUM · $108M to $292MMar 28, 2024 to Feb 28, 2025
- Individual RAUM · $207M to $57.7MMar 28, 2024 to Feb 28, 2025
- Non-discretionary RAUM · $28.0M to $33.6MMar 28, 2024 to Feb 28, 2025
- RAUM · $315M to $350MMar 28, 2024 to Feb 28, 2025
- Accounts · 695 to 717Mar 31, 2023 to Mar 28, 2024
- BD registered reps · 3 to 4Mar 31, 2023 to Mar 28, 2024
- HNW clients · 10 to 11Mar 31, 2023 to Mar 28, 2024
- Individual clients · 239 to 232Mar 31, 2023 to Mar 28, 2024
- Employees · 6 to 7Mar 31, 2023 to Mar 28, 2024
- Discretionary RAUM · $250M to $287MMar 31, 2023 to Mar 28, 2024
- HNW RAUM · $94.3M to $108MMar 31, 2023 to Mar 28, 2024
- Individual RAUM · $185M to $207MMar 31, 2023 to Mar 28, 2024
- Non-discretionary RAUM · $29.4M to $28.0MMar 31, 2023 to Mar 28, 2024
- RAUM · $280M to $315MMar 31, 2023 to Mar 28, 2024
- Accounts · 666 to 695Feb 24, 2022 to Mar 31, 2023
- BD registered reps · 4 to 3Feb 24, 2022 to Mar 31, 2023
- HNW clients · 14 to 10Feb 24, 2022 to Mar 31, 2023
Signals
1 dated events
- The Karras Company, Inc. reported RAUM $209.9M, down 84% from $1.3B (2018-03-29 to 2019-03-31)Mar 31, 2019 · RAUM change · derived
Across DFX
shared identifiers only, never a name match
No identifier-backed link to the venture, private equity, family office or sponsor graphs.
How to reach
public business contact points only, each with its source
- Business phone
- 801-825-3000reportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 801-825-3058reportedpublished by the firm, firm site, Sep 16, 2026
- Website
- THEKARRASCOMPANY.COMreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 801-825-3000reportedpublic record, Form ADV, Sep 9, 2026
- Contact form
- thekarrascompany.com/contactreportedpublished by the firm, firm site, Sep 16, 2026
Provenance
- Form ADV
- SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
- Advisors
- IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
- Class
- Independent wealth managerderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $74.6Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026