Lazari Capital Management, Inc. (Woodland Hills)

Name: Lazari Capital Management, Inc.
Address: 6928 Owensmouth Ave., Woodland Hills, CA, 91303
Telephone: 818-264-0610

Lazari Capital Management, Inc. is a large advisory firm based in Woodland Hills. It manages $163.57 million of regulatory assets for 342 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of California, Florida, Nevada, and 5 other states.

Lazari Capital Management provides financial planning services, portfolio management for individuals and small businesses, and pension consulting services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Lazari Capital Management: assets under management

The assets under management (AUM) of Lazari Capital Management, Inc. is $163.57 million. The firm's AUM has grown by 33% since the beginning of its operation, and $1.63 million of the total AUM is attributable to clients outside of the United States.

The firm manages $152 million in discretionary accounts and $11.57 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $451.03 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $2.31 million.

Investments

The firm invests in exchange traded securities the most. They account for 40% of the total AUM. The second-largest asset type is derivatives, which make up 18% of the firm’s portfolio. Investments in investment and business development companies form 12% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Lazari Capital Management, Inc. for their services and products based on a percentage of assets under management and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Lazari Capital Management serves?

The firm provides services to individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of Lazari Capital Management is high net worth individuals with 39 clients and $87.58 million of assets under management. Among the 9 most similar advisory firms, Lazari Capital Management has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $163.57 million for 342 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Lazari Capital Management doesn't advise any private funds.

Careers at Lazari Capital Management, Inc.

The company employs 7 people that are either part- or full-time employees. 71 percent of the employees work as investment advisers or researchers. 5 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Michael Lazari Karapetian	President, cco	1 Aug 2014	75% - 100%	2904615

Based in Woodland Hills

The principal office where Lazari Capital Management, Inc. performs its advisory services is located at 6928 Owensmouth Ave., Woodland Hills, CA 91303, which is also the mailing address of the firm. An additional office of the firm is in Glendale, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 818-264-0610 or by fax 818-264-0612. The normal business hours are 6am - 6pm on Monday - Friday. You can find more information about the New York firm at lazaricapital.com.