{
  "crd_number": 307701,
  "slug": "karmel-capital-management-llc-solana-beach-ca-307701",
  "primary_business_name": "KARMEL CAPITAL MANAGEMENT LLC",
  "legal_name": "KARMEL CAPITAL MANAGEMENT LLC",
  "dbas": [],
  "city": "Solana Beach",
  "state": "CA",
  "country": "United States",
  "cbsa_code": "41740",
  "metro": {
    "cbsa_code": "41740",
    "common_name": "San Diego",
    "msa_name": "San Diego-Chula Vista-Carlsbad, CA",
    "path": "/advisors/ca/san-diego"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2025-05-20",
  "years_registered": 1,
  "period": "2026-10-01",
  "filing_date": "2026-07-17",
  "carried_forward": false,
  "raum_total": 636114533.0,
  "raum_discretionary": 354240293.0,
  "raum_non_discretionary": 281874240.0,
  "raum_band": "500m_1b",
  "raum_band_label": "$500 million to $1 billion",
  "total_employees": 8,
  "advisory_employees": 8,
  "client_count_bucket": null,
  "clients_by_type": {
    "pooled_investment_vehicles": {
      "raum": 636114533.0,
      "count": 11
    }
  },
  "compensation_types": [
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "portfolio_management_pooled_vehicles"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 2,
  "states_registered": [
    "CA"
  ],
  "websites": [
    "https://karmelcapital.com",
    "https://linkedin.com/company/karmel-capital"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/307701",
  "disclosure_items": [
    {
      "item": "11.D(2)",
      "question": "Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?"
    },
    {
      "item": "11.D(4)",
      "question": "In the past ten years, has another federal regulator, a state regulator, or a foreign financial regulator entered an order against the firm or an advisory affiliate in connection with investment-related activity?"
    }
  ],
  "city_as_filed": "SOLANA BEACH",
  "url": "https://advisorcensus.com/firm/karmel-capital-management-llc-solana-beach-ca-307701",
  "display_name": "Karmel Capital Management LLC",
  "summary": "Karmel Capital Management LLC is an SEC-registered investment advisory firm in Solana Beach, CA, registered since 2025, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated July 17, 2026.",
  "citation": "AdvisorCensus. Karmel Capital Management LLC (CRD 307701): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Performance-based fees"
  ],
  "advisory_activity_labels": [
    "Portfolio management for pooled investment vehicles (other than investment companies)"
  ],
  "quick_answers": [
    {
      "q": "How is Karmel Capital Management LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Karmel Capital Management LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure."
    },
    {
      "q": "Where is Karmel Capital Management LLC located?",
      "a": "Karmel Capital Management LLC's principal office is in Solana Beach, CA, according to its Form ADV."
    },
    {
      "q": "Is Karmel Capital Management LLC registered with the SEC or a state?",
      "a": "Karmel Capital Management LLC is an SEC-registered investment advisory firm, registered since 2025. Status as filed: Approved. CRD 307701."
    },
    {
      "q": "How much does Karmel Capital Management LLC manage?",
      "a": "Karmel Capital Management LLC reports $636,114,533 in regulatory assets under management in its Form ADV filing dated July 17, 2026 (56% discretionary)."
    },
    {
      "q": "How have Karmel Capital Management LLC's assets and staff changed since 2022?",
      "a": "In the Form ADV data for Karmel Capital Management LLC: Regulatory assets under management: $155,042,149 in the October 2022 data and $636,114,533 in the October 2026 data, up 310%. Total employees: 6 in October 2022 and 8 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Karmel Capital Management LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (11)."
    },
    {
      "q": "Does Karmel Capital Management LLC report any disciplinary disclosures?",
      "a": "Reports 2 disclosure items on Form ADV Item 11: yes answers to 11.D(2) (another regulator's finding of a violation) and 11.D(4) (another regulator's order in the past ten years). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/307701"
    },
    {
      "q": "What changed in Karmel Capital Management LLC's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Regulatory assets under management went from $170,297,137 to $636,114,533 (+274%). Updated its list of owners and control persons (Schedule A)."
    }
  ],
  "filing_history": [
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 155042149.0,
      "total_employees": 6,
      "filing_date": "2022-06-29"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": null,
      "total_employees": null,
      "filing_date": "2023-05-23"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": null,
      "total_employees": null,
      "filing_date": "2024-01-25"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 170297137.0,
      "total_employees": 8,
      "filing_date": "2025-06-06"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 636114533.0,
      "total_employees": 8,
      "filing_date": "2026-07-17"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Regulatory assets under management went from $170,297,137 to $636,114,533 (+274%).",
        "Updated its list of owners and control persons (Schedule A)."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [],
  "custodians_note": null,
  "markdown_url": "https://advisorcensus.com/firm/karmel-capital-management-llc-solana-beach-ca-307701.md",
  "clients": [
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 11,
      "fewer_than_5": false,
      "raum": 636114533.0
    }
  ],
  "disclosure_line": "Reports 2 disclosure items on Form ADV Item 11.",
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/307701",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}