Wealth manager, independent · Burbank, CA
Lazari Capital Management, Inc.
SEC-registered investment adviser · CRD 172932 · SEC 801-112927
At a glance
Lazari Capital Management, Inc. is an SEC-registered investment adviser based in Burbank, California, with $691 million in regulatory assets under management as of its Form ADV filed May 19, 2026. Its largest client group by assets is high-net-worth individuals, and it reports 731 individual clients. By Form ADV it is a wealth manager, ranked 2,170th of 8,915 wealth managers and 6,592nd of 17,210 SEC-registered advisers by assets.
Main office 818-264-0610lazaricapital.comAs filed on Form ADV
- Regulatory AUM
- $691M
- Rank among wealth managers
- #2,170 of 8,915
- Rank among all SEC RIAs
- #6,592 of 17,210
- Rank in California
- #764 of 1,873
- Individual clients
- 731
- High-net-worth clients
- 122
- Accounts
- 1,599
- Discretionary
- 80% of AUM
- Employees
- 14
- Advisory staff
- 8
- Offices
- 3
Owners and executives on its Form ADV
- Michael L. KarapetianPresident
- Hovig MelkonianCCO
Custody and brokerage
4 custodians
- Fidelity$453M78%
- John Hancock Retirement Services$68M12%
- Charles Schwab$61M11%
- Interactive Brokers$0M0%
Broker-dealer
Hybrid RIA
Lazari Capital Management, Inc. is a hybrid RIA: 3 of its employees are also registered representatives of a broker-dealer. It names affiliated broker-dealers: Lyndhurst Securities Inc. and Michael Lazari Karapetian.
- Lyndhurst Securities Inc. ↗CRD 315582
- Michael Lazari Karapetian
Its Form ADV brochure (filed April 2026) names Lyndhurst Securities and Michael Lazari Karapetian as the broker-dealer its advisers are registered with.
Registration as a Broker/Dealer or Broker/Dealer Representative As a registered representative of Lyndhurst Securities, Inc., Michael Lazari Karapetian accepts compensation for the sale of securities.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 122 | $367M | 53% |
| Pension and profit sharing plans | 220 | $171M | 25% |
| Individuals | 609 | $135M | 20% |
| Corporations or other businesses | 15 | $17M | 3% |
| Charitable organizations | 2 | $1M | <1% |
Private funds
Lazari Capital Management, Inc. reports 1 private funds with $7M in gross assets: hedge funds (Form ADV Item 7.B).
Disciplinary disclosures
Lazari Capital Management, Inc. reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
- Portfolio management for pooled investment vehicles
- Pension consulting
How it’s paid
- A percentage of assets under management
- Fixed fees
- Performance-based fees
Form ADV and brochures on the SEC’s adviser search ↗lazaricapital.com ↗
AtlasMembers
The full record on Lazari Capital Management, Inc.
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, 8 years of filings
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- Growth over one, three and five years
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- Rank against 4,545 peers of its type and size
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- Owners and executives, with titles and stakes
- 2 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
- 1Locked
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Background
Questions
How much does Lazari Capital Management, Inc. manage?
Lazari Capital Management, Inc. reports $691 million in regulatory assets under management across 1,599 accounts, 80% of it on a discretionary basis, on its Form ADV filed May 19, 2026.
What kind of firm is Lazari Capital Management, Inc.?
Lazari Capital Management, Inc. is a wealth manager by its Form ADV answers. At least half of its regulatory assets are managed for individuals and high-net-worth individuals.
Who are Lazari Capital Management, Inc.’s clients?
By assets, its largest client types are high-net-worth individuals ($367 million, 122 clients); pension and profit sharing plans ($171 million, 220 clients); individuals ($135 million, 609 clients).
Does Lazari Capital Management, Inc. manage private funds?
Yes. It reports 1 private funds with $7 million in gross assets, including hedge funds.
Does Lazari Capital Management, Inc. have any disciplinary history?
Lazari Capital Management, Inc. reports no disciplinary disclosures in Item 11 of its Form ADV. Check the SEC’s adviser search for the latest record.
Where these numbers come from
Every figure is Lazari Capital Management, Inc.’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-05-19), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Ranks compare it by regulatory assets with every SEC-registered adviser and with firms of its type. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →