{"url":"https://nivawealth.com/firms/lazari-capital-management-172932","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/172932","regulatoryAum":691115000,"crd":"172932","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"4547947","suffix":null,"lastName":"JOHNSON","firstName":"EMILY","middleName":"ANNA"},{"crd":"4041345","suffix":null,"lastName":"Karadanaian","firstName":"Hagop","middleName":"Jack"},{"crd":"2904615","suffix":null,"lastName":"KARAPETIAN","firstName":"MICHAEL","middleName":"LAZARI"},{"crd":"5978455","suffix":null,"lastName":"Koller","firstName":"James","middleName":"Richard"},{"crd":"862732","suffix":null,"lastName":"LEVI","firstName":"EDWARD","middleName":"KELLY"},{"crd":"7222019","suffix":null,"lastName":"Mekerdichian","firstName":"Kirk","middleName":"Shahen"},{"crd":"8268850","suffix":null,"lastName":"Nazarian Masihi","firstName":"Melvin","middleName":null},{"crd":"2004419","suffix":null,"lastName":"PLAMONDON","firstName":"RICHARD","middleName":"WAYNE"},{"crd":"5261037","suffix":null,"lastName":"RYVKIN","firstName":"ARAX","middleName":"MALVINA"},{"crd":"3162156","suffix":null,"lastName":"Shah","firstName":"Rajiv","middleName":"Kirit"},{"crd":"2060010","suffix":null,"lastName":"Zimmerman","firstName":"Kristina","middleName":"Marie"}],"total":11,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"history":[{"filedOn":"2021-07-12","regulatoryAum":343100000,"clients":606,"employees":8,"offices":2},{"filedOn":"2022-06-03","regulatoryAum":402201700,"clients":726,"employees":9,"offices":2},{"filedOn":"2023-04-03","regulatoryAum":398591539,"clients":761,"employees":9,"offices":2},{"filedOn":"2024-05-09","regulatoryAum":471149663,"clients":848,"employees":8,"offices":2},{"filedOn":"2025-03-31","regulatoryAum":614623292,"clients":1068,"employees":14,"offices":3},{"filedOn":"2026-05-19","regulatoryAum":691115000,"clients":968,"employees":14,"offices":3}],"secFileNumber":"801-112927","legalName":"Lazari Capital Management, Inc.","displayName":"Lazari Capital Management","slug":"lazari-capital-management-172932","website":"https://lazaricapital.com/","classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"founded":null,"organization":"California corporation","fiscalYearEnd":"December","headquarters":{"street":"3500 W. Olive Ave, Suite 730","city":"Burbank","state":"CA","stateName":"California","country":"United States","postalCode":"91505"},"tradeNames":["Iron Hill Wealth Management","Polaris Capital Advisors, LLC","Total Retirement Plan Services, Inc."],"registration":{"secApproved":"23 April 2018","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":686705.8823529412,"staff":{"employees":14,"advisory":8,"brokerDealerReps":3,"insuranceAgents":5,"promoters":2},"aum":{"regulatory":691115000,"discretionary":554680000,"discretionaryAccounts":1379,"nonDiscretionary":136435000,"nonDiscretionaryAccounts":220,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":609,"regulatoryAum":135044000},{"label":"High-net-worth individuals","clients":122,"regulatoryAum":366938000},{"label":"Pension and profit-sharing plans","clients":220,"regulatoryAum":171050000},{"label":"Charitable organizations","clients":2,"regulatoryAum":675000},{"label":"Corporations and other businesses","clients":15,"regulatoryAum":17408000}],"feePrograms":[{"role":"main","program":"Asset-Based Fees for Portfolio Management","feeBasis":"range","fee_tiers":null,"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1041179","versionId":1041179,"ratePeriod":"annual","fee_billing":"advance","submittedOn":"2026-04-13","documentName":"ADV PART 2A - LCMI","fee_rate_low":3,"fee_rate_high":3,"fee_negotiable":true,"minimum_account":250000,"feeMinimumPeriod":null,"fee_minimum_annual":null},{"role":"other","program":"Financial and Estate Planning","summary":"Financial planning and estate planning are billed at an hourly fee of $500, negotiable.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1041179","versionId":1041179,"submittedOn":"2026-04-13","documentName":"ADV PART 2A - LCMI"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T07:10:26.820591+00:00","documents":[{"name":"ADV PART 2A - LCMI","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1041179","versionId":1041179,"submittedOn":"2026-04-13"},{"name":null,"status":"not_downloaded","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1041180","versionId":1041180,"submittedOn":null}]},"custodians":[{"name":"Fidelity Brokerage Services LLC","shortName":"Fidelity","location":"Smithfield, RI","smaAssets":452763897},{"name":"John Hancock Retirement Services","shortName":"John Hancock Retirement Services","location":"Boston, MA","smaAssets":68494760},{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"Westlake, TX","smaAssets":61200000},{"name":"Interactive Brokers LLC","shortName":"Interactive Brokers","location":"Greenwich, CT","smaAssets":0}],"custodyNote":"Lazari Capital Management does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"Michael Karapetian","title":"President","crd":"2904615"},{"name":"Hovig Melkonian","title":"CCO","crd":"5346468"}],"ownership":[{"label":"Michael Karapetian","detail":"President in the 75% or more ownership band and a control person, since August 2014."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":2,"privateResidences":0},"listedOfficeAddresses":3,"foreignOffices":[],"officesByState":[{"state":"California","offices":2,"addresses":[{"street":"3500 W. Olive Ave, Suite 730","city":"Burbank","headquarters":true},{"street":"300 W Glenoaks BLVD","city":"Glendale"}]},{"state":"South Carolina","offices":1,"addresses":[{"street":"19 Shelter Cove Lane","city":"Hilton Head"}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"818-264-0610","stateRegisteredReps":7,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Fixed fees (other than subscription fees)","Performance-based fees"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Portfolio management for pooled investment vehicles (other than investment companies)","Pension consulting services"],"financialPlanningClients":"0","assetMix":[{"label":"Exchange-traded equity securities","percent":50},{"label":"Non-exchange-traded equity securities","percent":1},{"label":"U.S. government/agency bonds","percent":1},{"label":"U.S. state and local bonds","percent":3},{"label":"Sovereign bonds","percent":1},{"label":"Investment grade corporate bonds","percent":19},{"label":"Non-investment grade corporate bonds","percent":3},{"label":"Derivatives","percent":1},{"label":"Securities issued by registered investment companies or business development companies","percent":25},{"label":"Cash and cash equivalents","percent":2}],"privateFunds":1},"sources":{"adv1FilingDate":"19 May 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/172932/PDF/172932.pdf","brochureDate":"13 April 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1041179","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-22","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Lazari Capital Management have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Lazari Capital Management offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does Lazari Capital Management charge?","answer":"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.","source":"ADV PART 2A - LCMI, filed 13 April 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Lazari Capital Management use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Lazari Capital Management have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Lazari Capital Management invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Does Lazari Capital Management have a minimum investment?","answer":"Yes, Lazari Capital Management’s minimum account size for its Asset-Based Fees for Portfolio Management is $250K.","source":"ADV PART 2A - LCMI, filed 13 April 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Who owns Lazari Capital Management?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Lazari Capital Management get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Lazari Capital Management?","answer":"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.","source":"Form ADV Part 1A, Item 1.F, filed 19 May 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."}