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.

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SEC-registered adviser

K••••• I••••••••• M•••••••••

Independent wealth managerPittsford, New YorkCRD 110275SEC 801-29607websiteIAPD
Legal name K••••• M••••••••• I••
Latest filing Jul 7, 2026
First filing on the tape Jan 19, 2012 · 64 filings
SEC status approved since Mar 5, 1987
RAUM
$4.0B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
70%
$2.8B individuals and HNW
Advisors
7
registered through the firm on IAPD
RAUM per advisor
$573M
derived; firm RAUM over IAPD count
Employees
38
19 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
64 filings and snapshots on the tape
RAUM$4.0B as of Jul 7, 2026
Sep 27, 2012$2.3B then
HNW client RAUM$2.4B as of Jul 7, 2026
Sep 27, 2018$2.0B then
State-registered IARs (5.B.3)6 as of Jul 7, 2026
Jul 25, 20131 then
Employees (5.A)38 as of Jul 7, 2026
Jul 25, 201334 then
Private funds: no history
RAUM +13% over the last fiscal year-0.7% a year over threeIARs 8 to 6offices 1 to 0
Practice profile
derived from the filing of Jul 7, 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
$573MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
236derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$3.5MderivedHNW RAUM over HNW clients
Average account
$1.8MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
19%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
5.4derivedItem 5.A over advisors
Advisors per office
7.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+11%derivedbetween the last two annual amendments
Advisor growth, one year
-13%derivedItem 5.B.3 between annual amendments
Client growth, one year
-0.9%derived
Compensation
percentage of assetsreportedItem 5.E
Advisory activities
portfolio management for individuals, portfolio management for businesses and institutionsreportedItem 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)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$2.4B60%
  • Pension and profit-sharing plans$508M13%
  • Corporations and businesses$463M12%
  • Individuals$418M10%
  • Charitable organizations$170M4.2%
  • State and municipal entities$62.7M1.6%
  • Insurance companies$1.3M0.0%
Individual clients
964reported
HNW clients
689reported
Pension plan clients
47reported
Charitable clients
44reported
Accounts
2,279reported
Financial planning clients
reported
Wrap fee programs
$0 sponsored, $241M managedreported
Custody of client assets
noreported
Compensation
% of AUMreported
Class basis
private_client_share=0.7 fund_share=0.0 institutional_share=0.19 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
7 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
D•••• A•••••• D•••••••••Certified Financial PlannerPittsford, NyApr 21, 202126 y0
D••••• L•• L•••••••••Chartered Financial AnalystPittsford, NyOct 26, 202114 y0
D•••• P•••••• A•••••••Pittsford, NyJan 7, 202213 y0
C•••••••• M••• P•••••Pittsford, NyFeb 10, 202225 y1
M•••••• C•••• F•••••••Pittsford, NyMay 20, 202228 y0
C•••• J•• G•••••••Certified Financial PlannerPittsford, NySep 14, 202213 y2
J••• M••••• G•••••••Pittsford, NyMar 6, 202610 y0
Advisor movement
0 left, 0 joined in 12 months
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • C••••• K•••••••• F••••••• · Chief Financial Officer & Treasurer/Secretary Of The Boardcontrol
    since 10/2020 · owns less than 5%
  • D••••• T•••••• M•••••• · Senior Vice President & Director Of Operationscontrol
    since 10/2020 · owns less than 5%
  • G•••••••• T•••••• W•••• · Directorcontrol
    since 10/2020 · owns less than 5%
  • L••••••••• D•••••• L•• · Chief Investment Officer & Presidentcontrol
    since 04/2021 · owns less than 5%
  • Y••••• C•••••• M••••• · Directorcontrol
    since 10/2020 · owns less than 5%
  • H••••••• J•••• L•• · Chief Compliance Officer
    since 01/2020 · owns less than 5%
Entity owners
  • C••• O• L••••• I••••••••• G•••• · Parent Company
    direct · owns 75% or more
  • C••• O• L••••• I••••••••• G•••• P•• · Parent Company
    direct · owns 75% or more
Related persons
Schedule D 7.A
Advisers that list K••••• I••••••••• M••••••••• as a related person
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Pittsford, Ny · principal710
Offices
Schedule D 1.F, the 25 largest
  • Naples, FL1 employees
ADV anomalies
5 against comparable advisers; where to look, not conclusions
  • high employee count relative to advisorsStatic outlier · filing Jul 7, 2026
    employees per registered advisor of 5.4 against a peer median of 1.5 (1101 comparable advisers, 99.0th percentile, 8.1 robust deviations)
    peers: independent wealth managers, $1B to $5B (1,101) · 99% percentile
  • control person changedChange between filings · filing Jul 7, 2026
    GRIFFITH, THOMAS, WAYNE (DIRECTOR) left Schedule A between the filings of 2020-10-21 and 2026-07-07
    peers: independent wealth managers, $1B to $5B (1,362)
  • control person changedChange between filings · filing Jul 7, 2026
    YUSTE, CARLOS, MANUEL (DIRECTOR) left Schedule A between the filings of 2020-10-21 and 2026-07-07
    peers: independent wealth managers, $1B to $5B (1,362)
  • control person changedChange between filings · filing Jul 7, 2026
    DUFFY, THOMAS, MICHAEL (SENIOR VICE PRESIDENT & DIRECTOR OF OPERATIONS) left Schedule A between the filings of 2020-10-21 and 2026-07-07
    peers: independent wealth managers, $1B to $5B (1,362)
  • control person changedChange between filings · filing Jul 7, 2026
    CRANE, KATHLEEN, FINNERTY (CHIEF FINANCIAL OFFICER & TREASURER/SECRETARY OF THE BOARD) left Schedule A between the filings of 2020-10-21 and 2026-07-07
    peers: independent wealth managers, $1B to $5B (1,362)
What changed
consecutive filings, newest first
  • Accounts · 2,208 to 2,279
    Jul 1, 2025 to Oct 20, 2025
  • Advisory employees · 21 to 19
    Jul 1, 2025 to Oct 20, 2025
  • Charity clients · 47 to 44
    Jul 1, 2025 to Oct 20, 2025
  • Corporate clients · 67 to 76
    Jul 1, 2025 to Oct 20, 2025
  • HNW clients · 652 to 689
    Jul 1, 2025 to Oct 20, 2025
  • Individual clients · 935 to 964
    Jul 1, 2025 to Oct 20, 2025
  • Pension plan clients · 54 to 47
    Jul 1, 2025 to Oct 20, 2025
  • State-registered IARs · 7 to 6
    Jul 1, 2025 to Oct 20, 2025
  • Discretionary RAUM · $4.0B to $4.0B
    Jul 1, 2025 to Oct 20, 2025
  • HNW RAUM · $2.3B to $2.4B
    Jul 1, 2025 to Oct 20, 2025
  • Individual RAUM · $405M to $418M
    Jul 1, 2025 to Oct 20, 2025
  • Pension RAUM · $532M to $508M
    Jul 1, 2025 to Oct 20, 2025
  • RAUM · $4.0B to $4.0B
    Jul 1, 2025 to Oct 20, 2025
  • Wrap assets (manager) · $205M to $241M
    Jul 1, 2025 to Oct 20, 2025
  • Financial planning clients · unset to
    Jun 11, 2025 to Jul 1, 2025
  • Other offices · 1 to 0
    Jun 11, 2025 to Jul 1, 2025
  • Accounts · 2,165 to 2,208
    Apr 25, 2024 to Sep 26, 2024
  • Advisory employees · 18 to 21
    Apr 25, 2024 to Sep 26, 2024
  • Charity clients · 49 to 47
    Apr 25, 2024 to Sep 26, 2024
  • Corporate clients · 61 to 67
    Apr 25, 2024 to Sep 26, 2024
  • HNW clients · 606 to 652
    Apr 25, 2024 to Sep 26, 2024
  • Individual clients · 995 to 935
    Apr 25, 2024 to Sep 26, 2024
  • Pension plan clients · 55 to 54
    Apr 25, 2024 to Sep 26, 2024
  • Employees · 39 to 38
    Apr 25, 2024 to Sep 26, 2024
  • State-registered IARs · 8 to 7
    Apr 25, 2024 to Sep 26, 2024
  • Discretionary RAUM · $3.5B to $4.0B
    Apr 25, 2024 to Sep 26, 2024
  • HNW RAUM · $2.0B to $2.3B
    Apr 25, 2024 to Sep 26, 2024
  • Individual RAUM · $422M to $405M
    Apr 25, 2024 to Sep 26, 2024
  • Pension RAUM · $481M to $532M
    Apr 25, 2024 to Sep 26, 2024
  • RAUM · $3.5B to $4.0B
    Apr 25, 2024 to Sep 26, 2024
  • Wrap assets (manager) · $175M to $205M
    Apr 25, 2024 to Sep 26, 2024
  • Accounts · 2,248 to 2,165
    Aug 3, 2023 to Sep 27, 2023
  • Advisory employees · 19 to 18
    Aug 3, 2023 to Sep 27, 2023
  • Corporate clients · 69 to 61
    Aug 3, 2023 to Sep 27, 2023
  • HNW clients · 605 to 606
    Aug 3, 2023 to Sep 27, 2023
  • Individual clients · 998 to 995
    Aug 3, 2023 to Sep 27, 2023
  • Pension plan clients · 57 to 55
    Aug 3, 2023 to Sep 27, 2023
  • Employees · 41 to 39
    Aug 3, 2023 to Sep 27, 2023
  • State-registered IARs · 9 to 8
    Aug 3, 2023 to Sep 27, 2023
  • Discretionary RAUM · $3.5B to $3.5B
    Aug 3, 2023 to Sep 27, 2023
Signals
11 dated events
  • David Brett Gardner (Senior Vice President) no longer on Schedule A of Karpus Investment Management (listed 2024-03-11, absent 2024-04-25)
    Apr 25, 2024 · Control person left · inference
  • David Brett Gardner (Senior Vice President) appeared on Schedule A of Karpus Investment Management
    Sep 27, 2023 · Control person joined · fact
  • Marijoyce Ryan (Senior Vice President- Client Servicing) no longer on Schedule A of Karpus Investment Management (listed 2022-11-30, absent 2023-02-06)
    Feb 6, 2023 · Control person left · inference
  • William George Karpus (Non-Executive Director) no longer on Schedule A of Karpus Investment Management (listed 2021-07-20, absent 2021-09-28)
    Sep 28, 2021 · Control person left · inference
  • Robert Dana Consler (Executive Vice President) no longer on Schedule A of Karpus Investment Management (listed 2021-04-05, absent 2021-07-02)
    Jul 2, 2021 · Control person left · inference
  • Anthony David D'Ambrosio (Senior Vice President) no longer on Schedule A of Karpus Investment Management (listed 2020-10-21, absent 2021-04-05)
    Apr 5, 2021 · Control person left · inference
  • Lind Sharon Thornton (Executive Vice President) no longer on Schedule A of Karpus Investment Management (listed 2020-10-21, absent 2021-04-05)
    Apr 5, 2021 · Control person left · inference
  • Marijoyce Ryan (Vice President Of Fiduciary Services) appeared on Schedule A of Karpus Investment Management
    Oct 21, 2020 · Control person joined · fact
  • Manuel Carlos Yuste (Director) appeared on Schedule A of Karpus Investment Management
    Oct 21, 2020 · Control person joined · fact
  • Wayne Thomas Griffith (Director) appeared on Schedule A of Karpus Investment Management
    Oct 21, 2020 · Control person joined · fact
  • Anthony David D'Ambrosio (Senior Vice President) appeared on Schedule A of Karpus Investment Management
    Oct 21, 2020 · Control person joined · fact
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 email
chrissy@karpus.comreportedpublished by the firm, firm site, Sep 15, 2026
Business email
david@karpus.comreportedpublished by the firm, firm site, Sep 15, 2026
Business phone
585-586-4315reportedpublished by the firm, firm site, Sep 15, 2026
Business phone
585-586-4680reportedpublished by the firm, firm site, Sep 15, 2026
Firm profile
linkedin.com/company/karpus-investment-managementreportedpublic record, Form ADV, Sep 18, 2026
Website
KARPUS.COMreportedpublic record, Form ADV, Sep 18, 2026
Principal office phone
585-586-4680reportedpublic record, Form ADV, Jul 7, 2026
Contact form
karpus.com/contact-usreportedpublished by the firm, firm site, Sep 15, 2026
Team page
karpus.com/about/meet-the-teamreportedpublished by the firm, firm site, Sep 15, 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
$573Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026