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
Lazari Capital Management, Inc.
Latest filing May 19, 2026
First filing on the tape Mar 23, 2018 · 52 filings
SEC status approved since Apr 23, 2018
RAUM
$691M
reported, Item 5.F
Discretionary
80%
of RAUM
Private clients
73%
$502M individuals and HNW
Advisors
11
registered through the firm on IAPD
RAUM per advisor
$62.8M
derived; firm RAUM over IAPD count
Employees
14
8 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
1
reported on Schedule D
History
52 filings and snapshots on the tape
RAUM$691M as of May 19, 2026
Feb 20, 2019$164M then
HNW client RAUM$367M as of May 19, 2026
Feb 20, 2019$87.6M then
State-registered IARs (5.B.3)7 as of May 19, 2026
Feb 20, 20196 then
Employees (5.A)14 as of May 19, 2026
Feb 20, 20198 then
Private funds1 as of May 19, 2026
Mar 31, 20261 then
RAUM +12% over the last fiscal year+20% a year over threeIARs 7 to 7
Practice profile
derived from the filing of May 19, 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
- Retirement plan adviser · pension consulting activity (Item 5.G.6) and pension plans at least 25 percent of RAUM or at least 25 pension-plan clients
- RIA with private funds · a wealth manager (private-client share at least 50 percent) that reports at least one private fund on Schedule D 7.B.(1)
- RAUM per advisor
- $62.8MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 66derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $3.0MderivedHNW RAUM over HNW clients
- Average account
- $432,217derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 80%derivedof RAUM
- Institutional
- 25%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.3derivedItem 5.A over advisors
- Advisors per office
- 3.7derived3 offices incl. principal (1.F.5)
- RAUM growth, one year
- +12%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -14%derived
- Compensation
- percentage of assets, fixed fees, performance-basedreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for pooled vehicles, pension consultingreportedItem 5.G
- 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$367M53%
- Pension and profit-sharing plans$171M25%
- Individuals$135M20%
- Corporations and businesses$17.4M2.5%
- Charitable organizations$675,0000.1%
- Individual clients
- 609reported
- HNW clients
- 122reported
- Pension plan clients
- 220reported
- Charitable clients
- 2reported
- Accounts
- 1,599reported
- Financial planning clients
- 0reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, fixed, performancereported
- Class basis
- private_client_share=0.73 fund_share=0.0 institutional_share=0.25 related_bd=true related_bank=false bd_reps=3.0derived
Advisors registered through the firm
11 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Michael Lazari Karapetian | Burbank, Ca | Jan 2, 2015 | 29 y | 3 |
| Rajiv Shah | Coral Gables, Fl | May 16, 2018 | 26 y | 14 |
| Richard Wayne Plamondon | Burbank, Ca | Oct 9, 2018 | 36 y | 3 |
| James Richard Koller | Burbank, Ca | Oct 26, 2018 | 15 y | 1 |
| Edward Kelly Levi | Burbank, Ca | Nov 13, 2018 | 36 y | 5 |
| Kirk Shahen Mekerdichian | Burbank, Ca | Jul 31, 2020 | 16 y | 0 |
| Arax Malvina Ryvkin | Burbank, Ca | Mar 16, 2022 | 35 y | 4 |
| Kristina Marie Zimmerman | Woodland Hills, Ca | Feb 15, 2024 | 35 y | 4 |
| Emily Anna JohnsonCertified Financial Planner | Burbank, Ca | May 9, 2024 | 22 y | 6 |
| Hagop Jack Karadanaian | Glendale, Ca | Aug 13, 2025 | 15 y | 1 |
| Melvin Nazarian Masihi | Burbank, Ca | Sep 1, 2026 | 10 y | 0 |
Advisor movement
0 left, 0 joined in 12 months
net 0 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount1 left over 36 months
Left, latest
- Gil O Aikins to Puente Asesoramiento De Inversiones, LLCJul 19, 2024 · Other
- Michael K De Luz to Kovack Advisors, Inc.Sep 11, 2023 · RIA to affiliated broker-dealer or bank
- Taj Zachary Rohr to Rohr Capital ManagementApr 12, 2019 · RIA to a state-registered adviser
Joined, latest
- Hagop Jack Karadanaian from Vanderbilt Advisory ServicesAug 13, 2025 · Affiliated broker-dealer or bank to independent RIA
- Emily Anna Johnson from Ritholtz Wealth ManagementMay 9, 2024 · RIA to RIA
- Kristina Marie Zimmerman from Kovack Advisors, Inc.Feb 15, 2024 · Affiliated broker-dealer or bank to independent RIA
- Gil O Aikins from Innova AdvisorsApr 17, 2023 · RIA to RIA
- Arax Malvina Ryvkin from Kestra Advisory Services, LLCMar 16, 2022 · Affiliated broker-dealer or bank to independent RIA
- Edward Kelly Levi from Oakshore Partners, LLCNov 13, 2018 · Other
- James Richard Koller from Park Avenue Securities LLCOct 26, 2018 · Affiliated broker-dealer or bank to independent RIA
- Taj Zachary Rohr from Kingswood Wealth Advisors, LLCOct 12, 2018 · RIA to RIA
- Richard Wayne Plamondon from Mutual Advisors, LLCOct 9, 2018 · Affiliated broker-dealer or bank to independent RIA
- Michael K De Luz from Kingswood Wealth Advisors, LLCMay 16, 2018 · Other
- Rajiv Shah from Next Financial Group, Inc.May 16, 2018 · Other
- Michael Lazari Karapetian from Kovack Advisors, Inc.Jan 2, 2015 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Lazari Michael Karapetian · Presidentcontrolsince 08/2014 · owns 75% or more
- Hovig Melkonian · Ccosince 09/2024 · owns less than 5%
Related persons
Schedule D 7.A
- Michael Lazari Karapetianbroker-dealerinvestment adviserinvestment companyreal estaten
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Burbank, Ca · principal | 11 | 1 | 0 | 1 | |
| Glendale, Ca | 2 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
- Glendale, CA3 employees
- Hilton Head, SC1 employees
What changed
consecutive filings, newest first
- HQ city · WOODLAND HILLS to BURBANKMar 31, 2026 to Apr 13, 2026
- Accounts · 1,068 to 1,599Oct 2, 2025 to Mar 31, 2026
- Advisory activities · 3 to 4Oct 2, 2025 to Mar 31, 2026
- Charity clients · 1 to 2Oct 2, 2025 to Mar 31, 2026
- Corporate clients · 155 to 15Oct 2, 2025 to Mar 31, 2026
- HNW clients · 128 to 122Oct 2, 2025 to Mar 31, 2026
- Individual clients · 718 to 609Oct 2, 2025 to Mar 31, 2026
- Pension plan clients · 66 to 220Oct 2, 2025 to Mar 31, 2026
- Private funds · unset to 1Oct 2, 2025 to Mar 31, 2026
- Discretionary RAUM · $457M to $555MOct 2, 2025 to Mar 31, 2026
- HNW RAUM · $297M to $367MOct 2, 2025 to Mar 31, 2026
- Individual RAUM · $140M to $135MOct 2, 2025 to Mar 31, 2026
- Non-discretionary RAUM · $158M to $136MOct 2, 2025 to Mar 31, 2026
- Pension RAUM · $115M to $171MOct 2, 2025 to Mar 31, 2026
- RAUM · $615M to $691MOct 2, 2025 to Mar 31, 2026
- Financial planning clients · 0 to 0Mar 31, 2025 to Oct 2, 2025
- Accounts · 1,145 to 1,068Nov 19, 2024 to Mar 31, 2025
- Charity clients · 0 to 1Nov 19, 2024 to Mar 31, 2025
- Corporate clients · 105 to 155Nov 19, 2024 to Mar 31, 2025
- HNW clients · 93 to 128Nov 19, 2024 to Mar 31, 2025
- Individual clients · 578 to 718Nov 19, 2024 to Mar 31, 2025
- Pension plan clients · 72 to 66Nov 19, 2024 to Mar 31, 2025
- Discretionary RAUM · $364M to $457MNov 19, 2024 to Mar 31, 2025
- HNW RAUM · $245M to $297MNov 19, 2024 to Mar 31, 2025
- Individual RAUM · $98.4M to $140MNov 19, 2024 to Mar 31, 2025
- Non-discretionary RAUM · $107M to $158MNov 19, 2024 to Mar 31, 2025
- Pension RAUM · $99.7M to $115MNov 19, 2024 to Mar 31, 2025
- RAUM · $471M to $615MNov 19, 2024 to Mar 31, 2025
- Advisory employees · 5 to 8May 9, 2024 to Sep 10, 2024
- Employees · 8 to 14May 9, 2024 to Sep 10, 2024
- Insurance-licensed employees · 3 to 0May 9, 2024 to Sep 10, 2024
- State-registered IARs · 4 to 7May 9, 2024 to Sep 10, 2024
- Other offices · 1 to 2May 9, 2024 to Sep 10, 2024
- Accounts · 761 to 1,145Aug 15, 2023 to Mar 7, 2024
- Advisory employees · 7 to 5Aug 15, 2023 to Mar 7, 2024
- BD registered reps · 4 to 3Aug 15, 2023 to Mar 7, 2024
- Corporate clients · 125 to 105Aug 15, 2023 to Mar 7, 2024
- HNW clients · 103 to 93Aug 15, 2023 to Mar 7, 2024
- Individual clients · 487 to 578Aug 15, 2023 to Mar 7, 2024
- Pension plan clients · 46 to 72Aug 15, 2023 to Mar 7, 2024
Signals
5 dated events
- Lazari Capital Management, Inc. reported RAUM $614.6M, up 30% from $471.1M (2024-11-19 to 2025-03-31)Mar 31, 2025 · RAUM change · derived
- Gil O Aikins left Lazari Capital Management, Inc. for Puente Asesoramiento De Inversiones, Llc (registered 2023-07-06)Jul 19, 2024 · Advisor changed firm · fact
- Michael K De Luz left Lazari Capital Management, Inc. for Kovack Advisors, Inc. (registered 2020-04-23)Sep 11, 2023 · Advisor changed firm · fact
- Lazari Capital Management, Inc. reported RAUM $273.5M, up 67% from $163.6M (2019-07-23 to 2020-02-11)Feb 11, 2020 · RAUM change · derived
- Lazari Capital Management, Inc. filed its initial SEC registration (Form ADV)Mar 23, 2018 · First SEC registration · 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
- service@ironhillwealth.comreportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 818-264-0611reportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 818-484-2824reportedpublished by the firm, firm site, Sep 16, 2026
- Website
- ironhillwealth.comreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 818-264-0610reportedpublic record, Form ADV, May 19, 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
- $62.8Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026