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They include 323 high-net-worth individuals, 251 individual clients, and 3 pension and profit-sharing plans.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 31 March 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Kelman Lazarov offer?","answer":"Kelman Lazarov provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, educational seminars, education planning, estate planning, insurance, and retirement plan services.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does Kelman Lazarov use?","answer":"Kelman Lazarov’s separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $758M and Fidelity Brokerage Services LLC (Smithfield, RI), with $137M. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 31 March 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Kelman Lazarov have?","answer":"Kelman Lazarov has 13 investment adviser representatives registered with state securities authorities, out of 17 employees, and 13 perform investment advisory functions. 2 employees are registered representatives of a broker-dealer and 2 employees are 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 Kelman Lazarov invest in?","answer":"At the end of its last fiscal year, Kelman Lazarov’s separately managed accounts held 90% registered funds (mutual funds, ETFs, BDCs), 8% exchange-traded equities and 2% 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 Kelman Lazarov?","answer":"Kelman Lazarov’s direct owners are Martin Kelman, Ronald Lazarov, Michael Munekata, Keith Schmitt, Andrew Buzan, Patrick O'Hearn and Jacob Samuels, each holding 50% or less.","source":"Form ADV Part 1A, Schedules A and B, filed 31 March 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Kelman Lazarov get paid?","answer":"Kelman Lazarov is paid through a percentage of assets under management, hourly charges and fixed fees. 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