Karpus Investment Management
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client AUMClient assets under management
$3,054,278,105
Clients
1,696
Advisors
5
of 35 employees
About
Karpus Investment Management is a discretionary investment adviser that serves individuals (including high‑net‑worth and non‑HNW clients), ERISA plans, trusts, estates, charitable organizations, and certain institutional clients such as insurance companies and state or municipal governments. The firm also acts as a sub‑adviser, provides model portfolios to platforms, participates in wrap programs, and offers cash and foundation/endowment administrative services and grant coordination for institutional and nonprofit clients.
The firm manages roughly $4.3 billion in discretionary assets and employs an actively managed, multi‑manager, value‑oriented investment approach that emphasizes diversified exposure to mutual funds, ETFs, closed‑end funds (CEFs), and select alternative instruments such as SPACs, term preferreds, and BDC securities. Portfolios are constructed and monitored against investment matrices and are rebalanced as needed; Karpus also pursues shareholder engagement for CEFs and follows specific SPAC redemption and rotation strategies when shares trade at, below, or above trust values.
Compared with many multi‑team advisers, Karpus is notable for accepting insurance and municipal clients and for providing foundation support services without an added charge, while not offering standalone financial planning or fixed‑fee arrangements typical at other firms. The firm is a wholly owned subsidiary of City of London Investment Group PLC with an intercompany agreement with its affiliated adviser (CLIM) for shared services, and discloses and manages related conflicts of interest through specific controls and a group Code of Ethics.
Client services
Expertise
Fee options
$0 - $1,000,000: Fixed Income 1.25%, Balanced Equity Management 1.50% $1,000,001 - $2,000,000: Fixed Income 1.15%, Balanced Equity Management 1.30% $2,000,001 - $5,000,000: Fixed Income 1.10%, Balanced Equity Management 1.20% $5,000,001 - $10,000,000: Fixed Income 0.90%, Balanced Equity Management 1.10% $10,000,001 - $25,000,000: Fixed Income 0.80%, Balanced Equity Management 1.00% $25,000,001+: Fixed Income 0.70%, Balanced Equity Management 0.90%
Account minimum: $500,000 for Asset Management Services, $1,000,000 for Enhanced Cash Management Services (both minimums can be waived at firm's discretion)
Main office
183 Sully's Trail
Pittsford NY 14534
Advisors at this office
5
Most active in
Alabama · Alaska · Arizona · Arkansas · California · Colorado · Connecticut · Delaware · District of Columbia · Florida · Georgia · Hawaii · Idaho · Illinois · Indiana · Iowa · Kentucky · Louisiana · Maine · Maryland · Massachusetts · Michigan · Minnesota · Montana · Nevada · New Hampshire · New Jersey · New Mexico · New York · North Carolina · Ohio · Oklahoma · Oregon · Pennsylvania · Rhode Island · South Carolina · South Dakota · Tennessee · Texas · Utah · Vermont · Virgin Islands · Virginia · Washington · West Virginia · Wisconsin
Also doing business as
Investment Advisor · Karpus Investment Management · Karpus Management Inc
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Quick links
Advisors at this firm
Daniel L
CFA®
Pittsford, NY
Karpus Investment Management
Daniel Lippincott is a CFA® charterholder with six years of experience at Karpus Investment Management, where he has worked since 2012. He established KARDS LLC in 2024, a real estate rental business that he manages outside of trading hours. Karpus Investment Management is a multi-team discretionary adviser managing approximately $4.3 billion in assets. The firm serves individual and institutional clients, employing an actively managed, value-oriented approach with diversified exposure to mutual funds, ETFs, closed-end funds, and select alternative instruments.
David D
CFP®, Series 63
Pittsford, NY
Karpus Investment Management
David D'Ambrosio is a CFP® with five years of industry experience, currently serving as a financial advisor at Karpus Investment Management. He has been with Karpus since 2011, accumulating 15 years of work history at the firm. Karpus Investment Management is a discretionary investment adviser managing approximately $4.3 billion in assets. The firm serves individuals, ERISA plans, trusts, estates, charitable organizations, and institutional clients, employing an actively managed, multi-manager, value-oriented approach across mutual funds, ETFs, closed-end funds, and select alternative instruments.
Juan G
Series 65
Pittsford, NY
Karpus Investment Management
Juan Garzaron is a financial advisor at Karpus Investment Management with a Series 65 designation and industry experience beginning in 2016. Prior to joining Karpus, he worked at City of London Investment Management, Antepartners LLC, and Kingsmere Partners. Karpus Investment Management is a discretionary investment adviser serving individuals, ERISA plans, trusts, charitable organizations, and institutional clients such as insurance companies and municipal governments. The firm employs an actively managed, multi-manager, value-oriented investment approach with diversified exposure to mutual funds, ETFs, closed-end funds, and select alternative instruments.
David A
Series 65
Pittsford, NY
Karpus Investment Management
David Angeline is a Series 65 licensed advisor at Karpus Investment Management, with four years of industry experience and 14 years at Karpus. The firm serves individuals, ERISA plans, trusts, estates, charitable organizations, and institutional clients, managing approximately $4.3 billion in discretionary assets. Karpus employs an actively managed, multi-manager, value-oriented investment approach with diversified exposure to mutual funds, ETFs, closed-end funds, and select alternative instruments.
Christine P
Series 63, Series 65
Pittsford, NY
Karpus Investment Management
Christine Porter is a financial advisor at Karpus Investment Management with 7 years of industry experience. She holds Series 63 and Series 65 designations and has been with Karpus since 2012. Outside of her advisory role, she serves as a troop leader for the Girl Scouts of Western New York and is involved with LCL Rockstars, a nonprofit group that operates concession stands at local venues to fund children’s sports activities. Karpus Investment Management is a discretionary investment adviser serving individuals, ERISA plans, trusts, estates, charitable organizations, and institutional clients. The firm employs an actively managed, multi-manager, value-oriented approach emphasizing diversified exposure to mutual funds, ETFs, closed-end funds, and select alternative instruments.
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