Lazari Capital Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for pooled vehicles, and pension consulting. The firm advises 1 private fund.
Lazari Capital Management reports 968 clients. They include 609 individual clients, 220 pension and profit-sharing plans, and 122 high-net-worth individuals. Of its assets, 80.3% ($555M across 1,379 accounts) are managed with discretion; $136M across 220 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 63% | 20% |
| High-net-worth individuals | 13% | 53% |
| Pension and profit-sharing plans | 23% | 25% |
| Charitable organizations | <1% | <1% |
| Corporations and other businesses | 2% | 3% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 609 | $135M | 19.5% | $222K |
| High-net-worth individuals | 122 | $367M | 53.1% | $3.01M |
| Pension and profit-sharing plans | 220 | $171M | 24.7% | $778K |
| Charitable organizations | 2 | $675K | 0.1% | $338K |
| Corporations and other businesses | 15 | $17.4M | 2.5% | $1.16M |
| Total | 968 | $691M | 100% | $714K |
- Clients
- 609
- Regulatory AUM
- $135M
- AUM share
- 19.5%
- Avg. per client
- $222K
- Clients
- 122
- Regulatory AUM
- $367M
- AUM share
- 53.1%
- Avg. per client
- $3.01M
- Clients
- 220
- Regulatory AUM
- $171M
- AUM share
- 24.7%
- Avg. per client
- $778K
- Clients
- 2
- Regulatory AUM
- $675K
- AUM share
- 0.1%
- Avg. per client
- $338K
- Clients
- 15
- Regulatory AUM
- $17.4M
- AUM share
- 2.5%
- Avg. per client
- $1.16M
Total
- Clients
- 968
- Regulatory AUM
- $691M
- AUM share
- 100%
- Avg. per client
- $714K
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 1
- Financial planning clients last fiscal year
- 0
Lazari Capital Management charges 3.00% a year for its Asset-Based Fees for Portfolio Management. The fee is billed in advance, is negotiable and requires an account of at least $250,000. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Financial and Estate Planning
- Financial planning and estate planning are billed at an hourly fee of $500, negotiable.
Michael Karapetian owns 75% or more of Lazari Capital Management. The leadership team of Lazari Capital Management includes President Michael Karapetian. It has 14 employees, 8 of them in advisory roles.
Leadership
- Michael KarapetianPresident
Investment adviser representatives
11 representatives listed in the SEC register as of 9 October 2026.
- Emily Anna Johnson
- Hagop Jack Karadanaian
- Michael Lazari Karapetian
- James Richard Koller
- Edward Kelly Levi
- Kirk Shahen Mekerdichian
- Melvin Nazarian Masihi
- Richard Wayne Plamondon
- Arax Malvina Ryvkin
- Rajiv Kirit Shah
- Kristina Marie Zimmerman
Staff
- 14 employees
- 8 in advisory functions
- 7 state-registered reps
- 3 broker-dealer reps
- 5 insurance agents
- 2 soliciting firms
- Owns 75% or more of Lazari Capital Management, Inc.
Michael Karapetian
Control person · since August 2014
Lazari Capital Management’s regulatory assets grew 2.0× from $343M (July 2021) to $691M (May 2026); clients rose from 606 to 968 and employees from 8 to 14.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| May 2026 | $691M | 968 | 14 | 3 |
| March 2025 | $615M | 1,068 | 14 | 3 |
| May 2024 | $471M | 848 | 8 | 2 |
| April 2023 | $399M | 761 | 9 | 2 |
| June 2022 | $402M | 726 | 9 | 2 |
| July 2021 | $343M | 606 | 8 | 2 |
Besides its headquarters, Lazari Capital Management has 2 offices, with 3 listed addresses in California and South Carolina.
California · 2 listed addresses
- 3500 W. Olive Ave, Suite 730, BurbankHQ
- 300 W Glenoaks BLVD, Glendale
South Carolina · 1 listed address
- 19 Shelter Cove Lane, Hilton Head
Other business names
Lazari Capital Management has reported 3 other business names to the SEC.
- Iron Hill Wealth Management
- Polaris Capital Advisors, LLC
- Total Retirement Plan Services, Inc.
Contact and registration details
- Legal name
- Lazari Capital Management, Inc.
- Headquarters
- 3500 W. Olive Ave, Suite 730, Burbank, CA 91505
- Website
- lazaricapital.com
- Phone
- 818-264-0610
- SEC file
- 801-112927
- Structure
- California corporation
- Fiscal year end
- December
Lazari Capital Management uses Fidelity ($453M, 78%), John Hancock Retirement Services ($68.5M, 12%) and Charles Schwab ($61.2M, 11%), among others, as custodians for its separately managed accounts. Lazari Capital Management does not have custody of client assets.
- FidelityFidelity Brokerage Services LLC · Smithfield, RI · $453M78%
- John Hancock Retirement ServicesJohn Hancock Retirement Services · Boston, MA · $68.5M12%
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $61.2M11%
At year end, Lazari Capital Management’s separately managed accounts were mostly in stocks (51%) and bonds (27%).
What the accounts hold
- Stocks51%
- Exchange-traded equities50%
- Non-exchange-traded equities1%
- Funds25%
- Bonds27%
- Investment grade corporate bonds19%
- State and local bonds3%
- High-yield corporate bonds3%
- U.S. government and agency bonds1%
- Sovereign bonds1%
- Cash2%
- Other1%
- Derivatives1%
How many clients does Lazari Capital Management have?
Lazari Capital Management has 968 clients and manages $691 million for them, as of May 2026. They include 609 individual clients, 220 pension and profit-sharing plans, and 122 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 19 May 2026
What services does Lazari Capital Management offer?
Lazari Capital Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for pooled vehicles, and pension consulting.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Lazari Capital Management charge?
Lazari Capital Management charges 3.00% a year for its Asset-Based Fees for Portfolio Management. The fee is billed in advance, is negotiable and requires an account of at least $250,000.
Which custodians does Lazari Capital Management use?
Lazari Capital Management’s separately managed account assets are held at Fidelity Brokerage Services LLC (Smithfield, RI), with $453M, John Hancock Retirement Services (Boston, MA), with $68.5M and Charles Schwab & Co., Inc. (Westlake, TX), with $61.2M. The filing also lists Interactive Brokers LLC with no separately managed account assets.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 19 May 2026
How many financial advisors does Lazari Capital Management have?
Lazari Capital Management has 7 investment adviser representatives registered with state securities authorities, out of 14 employees, and 8 perform investment advisory functions. 3 employees are registered representatives of a broker-dealer and 5 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
What does Lazari Capital Management invest in?
At the end of its last fiscal year, Lazari Capital Management’s separately managed accounts held 50% exchange-traded equities, 25% registered funds (mutual funds, ETFs, BDCs), 19% investment grade corporate bonds, 3% state and local bonds, 3% high-yield corporate bonds, 2% cash and equivalents, 1% non-exchange-traded equities, 1% U.S. government and agency bonds, 1% sovereign bonds and 1% derivatives. It advises 1 private fund.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Does Lazari Capital Management have a minimum investment?
Yes, Lazari Capital Management’s minimum account size for its Asset-Based Fees for Portfolio Management is $250K.
Who owns Lazari Capital Management?
Lazari Capital Management’s direct owner is Michael Karapetian (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 19 May 2026
How does Lazari Capital Management get paid?
Lazari Capital Management is paid through a percentage of assets under management, fixed fees 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 Lazari Capital Management?
Lazari Capital Management’s main office is at 3500 W. Olive Ave, Suite 730, Burbank, CA 91505. Its phone number is 818-264-0610. Its website is lazaricapital.com.