Karani Asset Management provides portfolio management for individuals and small businesses.
Karani Asset Management reports 43 clients. They include 26 high-net-worth individuals, 12 individual clients and 2 charitable organizations. Of its assets, 100.0% ($151M across 43 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 28% | 1% |
| High-net-worth individuals | 60% | 30% |
| Charitable organizations | 5% | 54% |
| Corporations and other businesses | 5% | 10% |
| Other | 2% | 5% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 12 | $2.04M | 1.4% | $170K |
| High-net-worth individuals | 26 | $46M | 30.5% | $1.77M |
| Charitable organizations | 2 | $80.8M | 53.5% | $40.4M |
| Corporations and other businesses | 2 | $15.1M | 10.0% | $7.57M |
| Other | 1 | $6.92M | 4.6% | $6.92M |
| Total | 43 | $151M | 100% | $3.51M |
- Clients
- 12
- Regulatory AUM
- $2.04M
- AUM share
- 1.4%
- Avg. per client
- $170K
- Clients
- 26
- Regulatory AUM
- $46M
- AUM share
- 30.5%
- Avg. per client
- $1.77M
- Clients
- 2
- Regulatory AUM
- $80.8M
- AUM share
- 53.5%
- Avg. per client
- $40.4M
- Clients
- 2
- Regulatory AUM
- $15.1M
- AUM share
- 10.0%
- Avg. per client
- $7.57M
- Clients
- 1
- Regulatory AUM
- $6.92M
- AUM share
- 4.6%
- Avg. per client
- $6.92M
Total
- Clients
- 43
- Regulatory AUM
- $151M
- AUM share
- 100%
- Avg. per client
- $3.51M
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
Karani Asset Management is paid through a percentage of assets under management and performance-based fees; its fees and minimums are set out in its brochures on the SEC website.
Richard Bayles owns 50% to 75% of Karani Asset Management. The leadership team of Karani Asset Management includes Chief Compliance Officer Toni Martucci. It has 4 employees, 3 of them in advisory roles.
Leadership
- Toni MartucciChief Compliance Officer
- Richard BaylesMember, Managing Partner
- Youngdawn HaMember, Managing Partner
Investment adviser representatives
1 representatives listed in the SEC register as of 9 October 2026.
- Youngdawn Daniel Ha
Staff
- 4 employees
- 3 in advisory functions
- Owns 50% to 75% of Karani Asset Management LLC
Richard Bayles
Control person · since January 2025
- Owns 50% to 75% of Karani Asset Management LLC
Youngdawn Ha
Control person · since January 2025
Karani Asset Management’s regulatory assets fell from $248M (April 2021) to $151M (March 2026); clients rose from 26 to 43 and employees fell from 6 to 4.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $151M | 43 | 4 | 1 |
| February 2025 | $130M | 39 | 4 | 1 |
| February 2024 | $111M | 36 | 4 | 1 |
| March 2023 | $117M | 37 | 5 | 1 |
| March 2022 | $300M | 41 | 5 | 1 |
| April 2021 | $248M | 26 | 6 | 1 |
Besides its headquarters, Karani Asset Management has 0 offices, with 1 listed address in New York.
New York · 1 listed address
- 250 West 55th Street, 17th Floor, New YorkHQ
Contact and registration details
- Legal name
- Karani Asset Management LLC
- Headquarters
- 250 West 55th Street, 17th Floor, New York, NY 10019
- Website
- karaniasset.com
- Phone
- 646-593-7450
- SEC file
- 801-113904
- Structure
- Delaware LLC
- Fiscal year end
- December
Karani Asset Management uses State Street ($80.8M, 57%), Fiduciary Trust International ($42.7M, 30%) and FNZ Trust ($18.6M, 13%) as custodians for its separately managed accounts. Karani Asset Management does not have custody of client assets.
- Fiduciary Trust InternationalFiduciary Trust International · New York, NY · $42.7M30%
- State StreetState Street Corporation · N. Quincy, MA · $80.8M57%
- FNZ TrustFNZ Trust Company · N. Quincy, MA · $18.6M13%
At year end, Karani Asset Management’s separately managed accounts were mostly in stocks (91%). Its reported 13F holdings for the quarter ended 30 June 2026 total $139M across 57 positions; the largest are Nvidia Corporation (9.4%), Apple Inc. (9.0%) and Alphabet Inc. (8.0%).
What the accounts hold
- Stocks91%
- Cash9%
Reported 13F holdings
- $139M
- Reported 13F value
- 57
- Positions
- 53.7%
- In the 10 largest
- +13.6%
- Value vs. prior quarter
- Nvidia Corporation9.4%
- Apple Inc.9.0%
- Alphabet Inc. · Cap Stk CL A8.0%
- Microsoft Corp.5.9%
- ASML Hldg NV · NY Registry Shs4.6%
- Applied Matls Inc.3.9%
- Cummins Inc.3.5%
- Mastercard Incorporated · CL A3.3%
- Advanced Micro Devices Inc.3.2%
- Steel Dynamics Inc.2.9%
Together, the ten largest are 53.7% of reported value.
How many clients does Karani Asset Management have?
Karani Asset Management has 43 clients and manages $151 million for them, as of March 2026. They include 26 high-net-worth individuals, 12 individual clients and 2 charitable organizations.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 26 March 2026
What services does Karani Asset Management offer?
Karani Asset Management provides portfolio management for individuals and small businesses.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Karani Asset Management use?
Karani Asset Management’s separately managed account assets are held at State Street Corporation (N. Quincy, MA), with $80.8M, Fiduciary Trust International (New York, NY), with $42.7M and FNZ Trust Company (N. Quincy, MA), with $18.6M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 26 March 2026
How many financial advisors does Karani Asset Management have?
Karani Asset Management has 0 investment adviser representatives registered with state securities authorities, out of 4 employees, and 3 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Karani Asset Management invest in?
At the end of its last fiscal year, Karani Asset Management’s separately managed accounts held 91% exchange-traded equities and 9% cash and equivalents.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Karani Asset Management?
Karani Asset Management’s direct owners are Richard Bayles (50% to 75%) and Youngdawn Ha (50% to 75%).
Source: Form ADV Part 1A, Schedules A and B, filed 26 March 2026
How does Karani Asset Management get paid?
Karani Asset Management is paid through a percentage of assets under management and performance-based fees. Its Form ADV lists no commissions among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact Karani Asset Management?
Karani Asset Management’s main office is at 250 West 55th Street, 17th Floor, New York, NY 10019. Its phone number is 646-593-7450. Its website is karaniasset.com.