The Karras Company, Inc. (Roy)

Name: The Karras Company, Inc.
Address: 4695 South 1900 West, Roy, UT, 84067
Telephone: 801-825-3000

The Karras Company, Inc. is a large advisory firm based in Roy. It manages $209.92 million of regulatory assets for 392 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Texas and Utah.

The Karras Company provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for more than 250 clients. On top of advisory services, the firm also engages as annuities/life insurance.

The Karras Company: assets under management

The assets under management (AUM) of The Karras Company, Inc. is $209.92 million. The firm's AUM has gone down by -42% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $193.69 million in discretionary accounts and $16.22 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $626.84 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $195.46 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 65% of the total AUM. The second-largest asset type is exchange traded securities, which make up 25% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay The Karras Company, Inc. for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and commissions. Commissions are paid and earned by the adviser when a trade or a sales of an investment is made. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Nolan Eldon Karras serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Nolan Eldon Karras is individuals with 310 clients and $140.45 million of assets under management. Among the 10 most similar advisory firms, The Karras Company has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $209.92 million for 323 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.

The Karras Company doesn't advise any private funds.

Careers at The Karras Company, Inc.

The company employs 6 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 3 employees are registered as investment adviser representatives with the state securities authorities.

There are 3 people 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.

Nolan Eldon Karras has been acting as President since 1 Dec 1997. Max James Mcquiston joined the executive team most recently as the Vice President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Nolan Eldon Karras	Chairman	1 Dec 1997	75% - 100%	1195441
Brett Nolan Karras	President/chief compliance officer	1 May 2000	Other	2313758
Max James Mcquiston	Vice president	1 Jun 2007	Other	2385549

Based in Roy

The principal office where The Karras Company, Inc. performs its advisory services is located at 4695 South 1900 West, Roy, UT 84067, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 801-825-3000 or by fax 801-825-3058. The normal business hours are 8:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at raymondjames.com/thekarrascompanyinc.