{"url":"https://nivawealth.com/firms/karmel-capital-management-307701","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/307701","regulatoryAum":636114533,"crd":"307701","history":[{"filedOn":"2022-06-29","regulatoryAum":155042149,"clients":4,"employees":6,"offices":1},{"filedOn":"2025-06-06","regulatoryAum":170297137,"clients":6,"employees":8,"offices":1},{"filedOn":"2026-07-17","regulatoryAum":636114533,"clients":11,"employees":8,"offices":1}],"secFileNumber":"801-132661","legalName":"Karmel Capital Management LLC","displayName":"Karmel Capital Management","slug":"karmel-capital-management-307701","website":"https://karmelcapital.com/","logo":{"src":"https://rmkhnxnbeclogprvkfyl.supabase.co/storage/v1/object/public/firm-logos/307701/6bc66e3fa1e7c6cd-r1.webp","tone":"light","width":397,"height":200,"sourceUrl":"https://www.karmelcapital.com/","sourceLabel":"Karmel Capital Management LLC, website"},"classification":{"segment":"private_funds","segmentLabel":"Private funds","type":"private_fund_manager","typeLabel":null,"feeDisclosure":"payment_only"},"linkedinUrl":"http://www.linkedin.com/company/karmel-capital","founded":null,"organization":"Delaware limited liability company","fiscalYearEnd":"December","headquarters":{"street":"512 Via De La Valle, Suite 207","city":"Solana Beach","state":"CA","stateName":"California","country":"United States","postalCode":"92075"},"tradeNames":[],"registration":{"secApproved":"20 May 2025","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":null,"staff":{"employees":8,"advisory":8,"brokerDealerReps":0,"insuranceAgents":0,"promoters":2},"aum":{"regulatory":636114533,"discretionary":354240293,"discretionaryAccounts":9,"nonDiscretionary":281874240,"nonDiscretionaryAccounts":2,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Pooled investment vehicles","clients":11,"regulatoryAum":636114533}],"feePrograms":[],"brochureCoverage":{"scope":"known_documents","status":"not_processed","checkedAt":null,"documents":[]},"custodians":[],"custodyNote":"Karmel Capital Management has custody of $47.4M in client assets for 4 clients.","otherCustodians":[],"leadership":[{"name":"James Brailean","title":"Manager and Officer","crd":"6720398"},{"name":"Christian Buckley","title":"CCO and GC","crd":"7230017"},{"name":"Antolin Garza","title":"Partner","crd":"6145875"},{"name":"Scott Neuberger","title":"Manager and Officer","crd":"6720397"}],"ownership":[{"label":"Brailean Family Trust Dated November 12, 2002, As Amended","detail":"Owner and member in the 25% to 50% ownership band and a control person, since March 2020."},{"label":"Neuberger Family Trust Dated May 20, 2015","detail":"Owner and member in the 25% to 50% ownership band and a control person, since March 2020."},{"label":"Geosam Capital US LLC","detail":"Owner and member in the 10% to 25% ownership band, since June 2021."},{"label":"Geosam Capital Holdings Ulc","detail":"Indirect owner: a member of Geosam Capital US LLC in the 75% or more band and a control person, since June 2021.","parent":"Geosam Capital US LLC"},{"label":"G2S2 Capital Inc.","detail":"Indirect owner: a shareholder of Geosam Capital Holdings Ulc in the 75% or more band and a control person, since June 2021.","parent":"Geosam Capital Holdings Ulc"},{"label":"George Armoyan","detail":"Indirect owner: manager of Geosam Capital US LLC and a control person, since June 2021. Also director of Geosam Capital Holdings Ulc and a control person, since June 2021. Also a owner of G2S2 Capital Inc. in the 75% or more band and a control person, since June 2021.","parent":"Geosam Capital US LLC"},{"label":"James Brailean","detail":"Indirect owner: a trustee of Brailean Family Trust Dated November 12, 2002, As Amended in the 75% or more band and a control person, since November 2002.","parent":"Brailean Family Trust Dated November 12, 2002, As Amended"},{"label":"Scott Neuberger","detail":"Indirect owner: a trustee of Neuberger Family Trust Dated May 20, 2015 in the 75% or more band and a control person, since May 2015.","parent":"Neuberger Family Trust Dated May 20, 2015"}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"California","offices":1,"addresses":[{"street":"512 Via De La Valle, Suite 207","city":"Solana Beach","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"858-208-3636","stateRegisteredReps":0,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Performance-based fees"],"activities":["Portfolio management for pooled investment vehicles (other than investment companies)"],"financialPlanningClients":null,"assetMix":[],"privateFunds":9},"sources":{"adv1FilingDate":"17 July 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/307701/PDF/307701.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-21","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Karmel Capital Management have?","answer":"Karmel Capital Management has 11 clients and manages $636 million for them, as of July 2026. They include 11 pooled investment vehicles.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 17 July 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Karmel Capital Management offer?","answer":"Karmel Capital Management provides portfolio management for pooled vehicles.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How many financial advisors does Karmel Capital Management have?","answer":"Karmel Capital Management has 0 investment adviser representatives registered with state securities authorities, out of 8 employees, and 8 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":"Who owns Karmel Capital Management?","answer":"Karmel Capital Management is owned through trusts and a chain of holding companies by G2S2 Capital Inc., George Armoyan, James Brailean and Scott Neuberger. Its direct owners are Brailean Family Trust Dated November 12, 2002, As Amended, Neuberger Family Trust Dated May 20, 2015 and Geosam Capital US LLC, each holding 50% or less.","source":"Form ADV Part 1A, Schedules A and B, filed 17 July 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Karmel Capital Management get paid?","answer":"Karmel Capital 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Karmel Capital Management?","answer":"Karmel Capital Management’s main office is at 512 Via De La Valle, Suite 207, Solana Beach, CA 92075. Its phone number is 858-208-3636. Its website is karmelcapital.com.","source":"Form ADV Part 1A, Item 1.F, filed 17 July 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}