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Kelman-lazarov, Inc.

CIK:0001672067
Investment Adviser
$705M AUM
122 holdings
Memphis, TN, United States
Founded:1979
25 employees
Latest filing:Jun 30, 2025

Kelman-Lazarov, Inc. is a wealth management firm headquartered in Memphis, Tennessee. Founded by Ronald J. Lazarov and Martin S. Kelman, they have provided customized financial planning and investment advisory services since 1979 and 1981, respectively, and became an SEC-registered investment adviser in 1993. The firm specializes in serving individuals, families, pension and profit-sharing plans, corporations, trusts, estates, and charitable organizations. With fewer than 25 employees, Kelman-Lazarov emphasizes personalized financial counsel and long-term relationships across generations, focusing on clients' goals and financial well-being.

Investment Strategy

Kelman-Lazarov, Inc. employs a strategic asset allocation approach that focuses on understanding each client’s return objectives, risk tolerance, and constraints. They develop diversified portfolios primarily comprising exchange-traded funds, open-ended and closed-end mutual funds, emphasizing tax efficiency, expense ratios, and style consistency. Their advice is highly personalized, aiming to create comprehensive financial plans addressing retirement, education funding, estate planning, insurance needs, and investment asset allocation, with recommendations tailored for the client's circumstances and long-term financial goals.

Top Buys
S
SCHXSCHWAB STRATEGIC TR
+$25.0M
S
SCHGSCHWAB STRATEGIC TR
+$8.8M
S
SPLGSPDR SERIES TRUST
+$6.0M
M
MOATVANECK ETF TRUST
+$4.1M
G
GSIEGOLDMAN SACHS ETF TR
+$3.7M
Top Sells
B
BRK-BBERKSHIRE HATHAWAY INC DEL
-$1.5M
A
AVEMAMERICAN CENTY ETF TR
-$1.2M
P
PYLDPIMCO ETF TR
-$1.1M
M
MCHMATTHEWS ASIA FDS
-$1.0M
G
GEMGOLDMAN SACHS ETF TR
-$878.7K

Top Holdings

F
FNDXSCHWAB STRATEGIC TR
+9.3%$57.3M
S
SCHGSCHWAB STRATEGIC TR
+8.8%$54.6M
M
MOATVANECK ETF TRUST
+8.3%$51.4M
G
GSIEGOLDMAN SACHS ETF TR
+6.2%$38.0M
G
GSLCGOLDMAN SACHS ETF TR
+4.6%$28.3M

Equity Positions (120)

TickerSecurityWeightMarket ValueSharesAvg CostPriceChange (QoQ)
F
FNDX
SCHWAB STRATEGIC TR9.28%$57.3M2,334,201$12.80$24.54+$3.4M
S
SCHG
SCHWAB STRATEGIC TR8.84%$54.6M1,867,657$10.89$29.21+$8.8M
M
MOAT
VANECK ETF TRUST8.32%$51.4M547,529$53.22$93.79+$4.1M
G
GSIE
GOLDMAN SACHS ETF TR6.15%$38.0M957,305$27.90$39.66+$3.7M
G
GSLC
GOLDMAN SACHS ETF TR4.59%$28.3M233,364$65.06$121.38+$458.6K

Industry Allocation

FIRE, MARINE & CASUALTY INSURANCE
+2.7%
SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC.
+0.6%
SERVICES-BUSINESS SERVICES, NEC
+0.4%
ELECTRONIC COMPUTERS
+0.4%
MOTOR VEHICLES & PASSENGER CAR BODIES
+0.4%