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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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Karani Asset Management offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does Karani Asset Management use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Karani Asset Management have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Karani Asset Management invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Karani Asset Management?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Karani Asset Management get paid?","answer":"Karani Asset Management is paid through a percentage of assets under management and performance-based fees. 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