# Karmel Capital Management LLC

> 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.

- CRD: 307701
- Filed as: KARMEL CAPITAL MANAGEMENT LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Solana Beach, CA
- Filing period: October 2026
- Form ADV filing dated: July 17, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/307701
- AdvisorCensus page: https://advisorcensus.com/firm/karmel-capital-management-llc-solana-beach-ca-307701

## Quick answers

**How is Karmel Capital Management LLC compensated?**
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.

**Where is Karmel Capital Management LLC located?**
Karmel Capital Management LLC's principal office is in Solana Beach, CA, according to its Form ADV.

**Is Karmel Capital Management LLC registered with the SEC or a state?**
Karmel Capital Management LLC is an SEC-registered investment advisory firm, registered since 2025. Status as filed: Approved. CRD 307701.

**How much does Karmel Capital Management LLC manage?**
Karmel Capital Management LLC reports $636,114,533 in regulatory assets under management in its Form ADV filing dated July 17, 2026 (56% discretionary).

**How have Karmel Capital Management LLC's assets and staff changed since 2022?**
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.

**What types of clients does Karmel Capital Management LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (11).

**Does Karmel Capital Management LLC report any disciplinary disclosures?**
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

**What changed in Karmel Capital Management LLC's recent Form ADV filings?**
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).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Regulatory assets under management (Item 5.F)
- Total: $636,114,533
- Discretionary: $354,240,293
- Non-discretionary: $281,874,240

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 11 | $636,114,533 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)

### Firm details
- Registered since: 2025 (1 year)
- Employees: 8 total, 8 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA
- Disclosures (Item 11): Reports 2 disclosure items on Form ADV Item 11.

### Item 11 questions answered yes
- 11.D(2): 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?
- 11.D(4): 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?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/307701

### Websites listed on Form ADV (Item 1.I)
- karmelcapital.com
- LinkedIn @karmel-capital

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2022 | $155,042,149 | 6 | June 29, 2022 |
| October 2023 | Not reported | Not reported | May 23, 2023 |
| October 2024 | Not reported | Not reported | January 25, 2024 |
| October 2025 | $170,297,137 | 8 | June 6, 2025 |
| October 2026 | $636,114,533 | 8 | July 17, 2026 |

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.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $170,297,137 to $636,114,533 (+274%).
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Karmel Capital Management LLC (CRD 307701): Form ADV filing data as of October 2026.