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KARPUS INVESTMENT MANAGEMENT
Legal name: KARPUS MANAGEMENT INC
CRD 110275File 801-29607
APPROVED
Retail clients
Filing as of Sep 24, 2026
Feed vintage Oct 1, 2026
Regulatory AUM
$4.30B
Top 25% of cohort (national)
Discretionary AUM
$4.30B
Clients
1,859
2,337 accounts
Employees
35
Top 25% of cohort in NY
Identity & registration
ADV Item 1- Organization form
- Corporation
- Firm type
- Registered
- SEC region
- NYRO
- Registration date
- Mar 5, 1987
- Principal office
- 183 SULLY'S TRAIL, PITTSFORD, NY, 14534
- Phone
- 585-586-4680
- Website
- HTTPS://WWW.KARPUS.COM
Assets & accounts
ADV Item 5F- Total regulatory AUM
- $4.30B
- Discretionary AUM
- $4.30B
- Non-discretionary AUM
- $0
- Discretionary accounts
- 2,337
- Non-discretionary accounts
- 0
- Total accounts
- 2,337
- AUM per client
- $2.3M
Clients by type
ADV Item 5D| Client type | Clients | AUM |
|---|---|---|
| Other | 75 | $481.4M |
| Charitable organizations | 44 | $165.5M |
| High net worth individuals | 729 | $2.64B |
| Pension and profit sharing plans | 43 | $527.8M |
| State or municipal government entities | Fewer than 5 | $66.4M |
| Individuals (other than high net worth individuals) | 967 | $417.5M |
Compensation & activities
ADV Items 5E, 5GCompensation
- A percentage of assets under your management
Advisory activities
- Portfolio management for businesses
- Portfolio management for individuals and/or small businesses
Custody
ADV Item 9- Firm Custody Cash
- No
- Firm Custody Assets
- No
- Firm Custody Clients
- No
- Firm Custody Securities
- No
- Related Person Custody Cash
- No
- Related Person Custody Assets
- No
- Related Person Custody Clients
- No
- Related Person Custody Securities
- No
Disclosure events
ADV Item 11This firm answered no to every Item 11 disclosure question in this filing.
Filed changes
| Date | Field | From | To | Change |
|---|---|---|---|---|
| Dec 1, 2025 vs May 1, 2025 | Clients | 1,755 | 1,823 | increased by68 |
| Dec 1, 2025 vs May 1, 2025 | AUM | $3,951,184,737 | $4,010,769,565 | increased by$59,584,828 |
| Dec 1, 2025 vs May 1, 2025 | Accounts | 2,208 | 2,279 | increased by71 |
| May 1, 2025 vs Oct 1, 2022 | Employees | 41 | 38 | decreased by3 |
| May 1, 2025 vs Oct 1, 2022 | Clients | 1,778 | 1,755 | decreased by23 |
| May 1, 2025 vs Oct 1, 2022 | AUM | $3,454,919,881 | $3,951,184,737 | increased by$496,264,856 |
| May 1, 2025 vs Oct 1, 2022 | Accounts | 2,248 | 2,208 | decreased by40 |
| Oct 1, 2022 | Employees | 37 | 41 | increased by4 |
| Oct 1, 2022 | Clients | 1,746 | 1,778 | increased by32 |
| Oct 1, 2022 | AUM | $4,094,689,639 | $3,454,919,881 | decreased by$639,769,758 |
| Oct 1, 2022 | Accounts | 2,204 | 2,248 | increased by44 |
| Oct 1, 2021 | Employees | 35 | 37 | increased by2 |
| Oct 1, 2021 | Clients | 1,861 | 1,746 | decreased by115 |
| Oct 1, 2021 | AUM | $3,531,369,765 | $4,094,689,639 | increased by$563,319,874 |
| Oct 1, 2021 | Accounts | 2,265 | 2,204 | decreased by61 |
On Form 5500, an adviser usually appears as a plan service provider (Schedule C), not the plan sponsor.
See plans that list “KARPUS INVESTMENT” as a service provider on 5500mcp →Matched by name only — Form ADV and Form 5500 share no identifier, and names are searched loosely (“KARPUS INVESTMENT” may also match similarly-named firms). Confirm identity against each filing.
Every value above is reproduced from this firm's Form ADV filing. Fields the firm left blank are shown as “Not reported” rather than filled in from other sources.