Karpus Investment Management

RIASEC RegisteredEst. 1987

Total AUM

$4B

Discretionary

$4B

100% of AUM

Avg account

$1.8M

Accounts

2,279

Employees

38

Advisory reps

8

Firm details

Headquarters: Pittsford, New York
CRD number: 110275
Registered since: March 5, 1987
Website: karpus.com
Custodians: US BANCORP NATIONAL ASSOCIATION
Fee structure: Percentage of AUM
Client types: HNWI59.54%
Pension & Profit Sharing Plans12.67%
Corporations / Businesses11.53%
Individuals10.42%
Charitable Organizations4.25%
Services: Portfolio Management for IndividualsPortfolio Management for Institutional Clients

Firm profile

FINTRX

Overview

Karpus Investment Management is an independent registered investment adviser organized as a corporation and operating since the late 1980s. The firm serves both individual and family clients as well as institutional accounts, charging fees based on a percentage of assets under management. Its advisory work centers on discretionary portfolio management for individuals, small businesses and institutional entities. Karpus does not position itself as a capital allocator and does not identify as an active ESG investor.

Assets & Accounts

Public Holdings

Investments & Alternatives

Read the full firm profile in FINTRX →

Investment profile

Traditional investments used

Alternative investments used

Active ESG investor

Technology & operations

CRM & tech providers

TAMPs used

Clients

Client base

Client personas

Asset composition

Public Funds/Mutual Funds79%
Exchange Traded Equities17%
Cash & Cash Equivalents3%
US Government Bonds1%

Owners & executives

2 of 2

Jodi Hedberg
Chief Compliance OfficerCRD 2726691
Daniel Lippincott
President, Chief Investment OfficerCRD 6019452

Contacts

3 of 6

Corey Gallahan
Vice PresidentCRD 7350577
Juan Garzaron
Senior Vice PresidentCRD 5005821
David D'ambrosio
Senior Vice PresidentCRD 4056925

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Wealth teams

Newly hired reps

Recent M&A activity

Recent filings

Awards

ETF holdings

1 of 44

Active vs passive

$1.2B in ETFs

Passive

96%

$1.1B

Active

0%

$43.9M

ETF	Provider	Style	Category	Value	Shares	% of portfolio
VANGUARD 500 INDEX FUND (VOO)	Vanguard	Passive	Large Blend	$235M	392,872	20.32%

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Primary office

Pittsford, NY

Monroe

Location

Pittsford, NY

Headquartered in Pittsford, NY, anchoring the Rochester-Batavia-Seneca Falls, NY metro in the Northeast.

Metro area: Rochester-Batavia-Seneca Falls, NY
Region: Northeast
County: Monroe
Address: 183 Sullys Trl
Time zone: ET (UTC-5)
Office locations

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