Fee-only adviser · Pittsford, NY
Karpus Investment Management
Karpus Investment Management is a fee-only investment adviser registered with the U.S. Securities and Exchange Commission, with its main office in Pittsford, New York. On its latest Form ADV, filed October 30, 2026, it reports $4.3B in regulatory assets under management, 1,696 individual clients and 21 employees who give investment advice. It reports no commission compensation, is not registered as a broker-dealer and does not act as an insurance agent.
Key facts from Form ADV
| Registration | SEC-registered |
|---|---|
| Firm CRD number | 110275 · SEC file 801-29607 |
| Office | 183 Sully's Trail Pittsford, NY 14534 |
| Phone | (585) 586-4680 |
| Website | www.karpus.com |
| Regulatory assets under management | $4.3B |
| Individual clients | 967 non-high-net-worth, 729 high-net-worth |
| Financial planning clients | Not reported |
| How it charges | Percentage of assets |
| Services | Portfolio management |
| Employees | 35 |
| Disciplinary disclosures | None reported |
| Latest Form ADV filing | October 30, 2026 |
Source: the firm’s Form ADV Part 1A as published by the SEC’s Investment Adviser Public Disclosure database, data as of November 6, 2026. Figures are self-reported by the firm.
What this means for you
- It charges only as a percentage of the assets it manages. Ask about the fee schedule and any account minimum, which Form ADV Part 1 does not record.
- Most of its individual clients are not high-net-worth, so it is likely to work with people who are still building assets.
- It sponsors or manages a wrap fee program; ask what the bundled fee covers.
- It reports no disciplinary history on Form ADV.
Before you hire any adviser
Read the firm’s Form ADV Part 2 brochure on its SEC record: it sets out fees, minimums, conflicts of interest and who will manage your money. Ask whether the firm acts as a fiduciary for all of your accounts, how it is paid in total, and who holds your assets. Our guide to choosing a financial adviser lists the questions to ask.
Other fee-only advisers in Pittsford
- Armbruster Capital Management, Inc. $1.1B
- Post Resch Tallon Group $340M
- Kickstand Wealth Advisors $633M
- High Probability Advisors, LLC $1.0B
- Generation Capital Management LLC $1.2B
- Flower City Capital LLC $445M
See all 21 fee-only advisers in Pittsford →
Nearby
- Mendon 1 firm
- Fairport 5 firms
- Victor 3 firms
- Rochester 22 firms
- Honeoye Falls 2 firms
- West Henrietta 1 firm
- Webster 1 firm
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