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Steven Roy Karpel

WELCY CAPITAL ADVISORS
MIAMI, FL
·CRD# 2100626·35 years experience

Professional Summary

Steven Roy Karpel is a registered financial advisor currently at WELCY CAPITAL ADVISORS LLC located in Miami, Florida and PRIVAL SECURITIES USA, INC. located in Miami, Florida. Steven is registered as an IAR (Investment Advisor Representative) and RR (Registered Representative) and started their career in finance in 1991. Steven has worked at 14 firms and has passed the Series 66, Series 63, Series 7TO, Series 99TO, SIE, Series 7, Series 62, Series 24, Series 27...

At a Glance

Advisory Accounts Only

Fiduciary Standard

Fee Structure

Account Minimum

Active Clients

Fiduciary Standard

Fee Structure

Account Minimum

Active Clients

Other Aliases

There are no additional aliases reported.

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Contact Information

This advisor has not claimed their profile yet, so there is no contact information to display at this time.

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Disclosures are events reported to regulators, such as customer disputes, regulatory actions, employment separations, or financial events. Some are resolved, denied, or contested — a disclosure is not a verdict. We recommend asking an advisor directly about any disclosure on their record.

Disclosures on record.

Disclosures can be potential red flags, including customer disputes, regulatory fines, employer terminations, bankruptcies, judgments, liens, or certain criminal activities. Check for any disclosures as part of your thorough research when choosing an advisor.

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Years of Experience

35 years in the financial services industry

Current & Past Employments

WELCY CAPITAL ADVISORS LLC·CRD# 154782
RIA
1101 Brickell Avenue Suite 1600, Miami, FL 33131
January 15, 2026 - Present
PRIVAL SECURITIES USA, INC.·CRD# 337499
BD
1101 Brickell Avenue Suite N 1600, Miami, FL 33131
June 5, 2026 - Present
HPO AMERICAS LTD.·CRD# 311519
RIA
Miami, FL
June 14, 2024 - August 26, 2025
HPO AMERICAS LTD.·CRD# 311519
RIA
Miami, FL
July 30, 2021 - December 31, 2023
HPO AMERICAS LTD.·CRD# 311519
RIA
Miami, FL
February 26, 2021 - May 27, 2021
BRICKELL GLOBAL MARKETS, INC.·CRD# 104316
BD
Miami, FL
August 3, 2018 - May 5, 2020
LEVELX CAPITAL LLC·CRD# 117028
BD
Brooklyn, NY
July 29, 2015 - February 8, 2016
TAVIRA SECURITIES US LLC·CRD# 145046
BD
Miami, FL
November 1, 2013 - November 24, 2017
ACTIVA CAPITAL MARKETS, INC.·CRD# 42619
BD
Miami, FL
March 4, 2013 - November 7, 2013
INTERBOLSA SECURITIES, LLC·CRD# 150715
BD
Miami, FL
November 12, 2012 - February 13, 2013
ACTIVA CAPITAL MARKETS, INC.·CRD# 42619
BD
Miami, FL
January 5, 2012 - July 20, 2012
INTERBOLSA SECURITIES, LLC·CRD# 150715
BD
Miami, FL
June 9, 2010 - April 13, 2011
EXECUTION ACCESS, LLC·CRD# 148423
BD
New York, NY
May 21, 2009 - June 23, 2009
BULLTICK SECURITIES, LLC·CRD# 132092
BD
Miami, FL
December 17, 2004 - January 12, 2007
FINANCIALX, INC.·CRD# 13833
BD
Alcobendas (madrid)
August 7, 2001 - August 5, 2004
EURONET SECURITIES CORP.·CRD# 48010
BD
Madrid
November 15, 2000 - March 21, 2002
MORGAN STANLEY DW INC.·CRD# 7556
BD
Purchase, NY
March 30, 1999 - August 23, 2000
J. W. GANT & ASSOCIATES, INC.·CRD# 7963
BD
March 18, 1991 - July 25, 1991

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Current Firm

WC
WELCY CAPITAL ADVISORS LLC

LW INVESTMENT MANAGEMENT (USA) INC. | WELCY CAPITAL ADVISORS LLC | PRINCIPLE ASSET MANAGEMENT LLC | LW PARTNERS | LW INVESTMENT MANAGEMENT (USA) LLC

CRD#: 154782 / SEC#: 801-130588
RIA
Registered Investment Advisory firm - SEC (6/28/2024 Approved)
Florida
Registered Investment Advisory firm - Florida (7/17/2024 Terminated)
Why is a state registration marked "Terminated"? When a firm registers with the SEC (usually after managing $100M+ AUM), it often withdraws separate state firm registrations unless required by that state. The firm can still serve clients there through its individually registered Investment Advisor Representatives (IARs).

Contact Information

Main Address

1101 Brickell Avenue Suite 1600, Miami, FL 33131

Phone Number

(786) 353-0036

# of Employees

10

SEC notice filing (2 States and Territories)

Registered to provide investment advisory services in 2 US states and territories.

Documents

Customer Relationship Summary (CRS / SEC)Latest Form ADV

Part 2 Brochures

WELCY CAPITAL ADVISORS LLC (3/30/2026)

Regulatory Assets Under Management

Total Number of Accounts

21

AUM (Assets Under Management)

$225,737,911

Accountant Surprise Examination Report

Filing DateForm ADV-E CoverForm ADV-E Report
05/06/2026Cover PageReport
02/09/2026Cover PageReport
03/05/2025Cover PageReport

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Other business activities

Outside business activity is any business or activity undertaken by an advisor that is outside the scope of their relationship with their firm (e.g., consulting services, real estate, freelance work, teaching, etc.). Investors should stay informed about these activities to ensure no conflicts of interest.

Welcy Capital Advisors, LLC , 01/2026, CCO, investment related, affiliated investment adviser firm, 10-15 hours a week during trading hours. eFINOP LLC; non-investment related; business address: 40 SW 13th St, Suite 201B, Miami, FL 33130; nature of the business: software application to automate of financial reports; position/title: CEO/Founder, 50% owner; start date 02/2025; approximate number of hours/month devoted: <5; approximate number of hours devoted during trading hours: 0; duties/responsibilities: assist partner when required to make operational decisions eFINOP Technologies LLC; non-investment related: business address: 40 SW 13th St, Suite 201B, Miami, FL 33130; nature of the business: owner of intellectual property of software application to automate of financial reports; position/title: CEO/Founder, 40% owner; start date 02/2025; approximate number of hours/month devoted: <5; approximate number of hours devoted during trading hours: 0; duties/responsibilities: planning and oversight of development of software application to automate financial reports Optimal Real Estate Development: non-investment related: business address: 500 Brickell Ave Suite 3410, Miami, FL 33131; nature of the business: real estate development; position/title: Managing Member/100% owner; start date 02/2025; approximate number of hours/month devoted: <5; approximate number of hours devoted during trading hours: 0; duties/responsibilities: real estate investing and development U.S. Corporate Concierge LLC; non-investment related; business address: 500 Brickell Avenue, Suite 3410, Miami, FL 33131; the nature of the business: bookkeeping and administrative services to U.S. corporate entities; position/title: Managing Partner / 50% Owner; start date: 06/21; approximate number of hours/month devoted: <5; approximate number of hours/month devoted during trading hours: 0; duties/responsibilities relating to the other business: limited to monthly review of financials and general ledger completed by bookkeeper and administrative services. Opus Design and Development Fund, Miami, FL , Managing Partner and CFO, development of waterfront luxury homes, January 2024, approximate 5 hours a week, 2 hours a week during trading hours, investment related. Americanus Capital Partners LLC; not securities related; Miami, FL 33130; the nature of the business: personal investments in private mortgage lending; position/title: Owner; start date: 10/2018; approximate number of hours/month devoted: 0; number of hours during trading hours: 0; no duties related to business. 1414 West Ave LLC: Miami, FL 33130; start date 12/2022; nature of business: project management of a construction project; [project manager; approximate number of hours/month devoted: <5; number of hours during trading hours: 0

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Primary Firm SEC Registration

This SEC-registered firm can serve clients nationwide. Some states may require the firm to submit a notice filing if the firm has more than 5 clients or a physical office there. You can view these state-level filings under the section titled "State Registrations and Notice Filings".
WC
WELCY CAPITAL ADVISORS LLC

LW INVESTMENT MANAGEMENT (USA) INC. | WELCY CAPITAL ADVISORS LLC | PRINCIPLE ASSET MANAGEMENT LLC | LW PARTNERS | LW INVESTMENT MANAGEMENT (USA) LLC

CRD#: 154782 / SEC#: 801-130588
RIA
Registered Investment Advisory firm - SEC (6/28/2024 Approved)
Florida
Registered Investment Advisory firm - Florida (7/17/2024 Terminated)
Why is a state registration marked "Terminated"? When a firm registers with the SEC (usually after managing $100M+ AUM), it often withdraws separate state firm registrations unless required by that state. The firm can still serve clients there through its individually registered Investment Advisor Representatives (IARs).

State Registrations and Notice Filings

Listed states reflect where the advisor is authorized to serve clients under state regulations.
IAR
means the advisor is registered as an Investment Advisor Representative in this state and is authorized to provide investment advice to clients there.
RR
indicates the advisor is registered as a Registered Representative in this state, allowing securities offerings such as stocks, bonds, and mutual funds through a broker-dealer.
IAR
Florida
(1/15/2026)
RR
Florida
(9/1/2026)

Don't see your state listed? The advisor may still be able to work with you under the federal De Minimis Rule, which allows up to five investment advisory clients in a state without registration. Some states, like TX, LA, NE, and NH, may still require registration or notice filing. Contact the advisor or their firm to confirm their investment advisory availability in your state.Note:This rule does not apply to broker-dealer activity.

Exams

Financial professionals may take different exams throughout their careers based on the types of services they provide and roles they perform.

Series 66 — Uniform Combined State Law Examination

Passed Feb 2021About the Series 66 exam

Series 63 — Uniform Securities Agent State Law Examination

Passed Jun 1991About the Series 63 exam

Series 7TO — General Securities Representative Examination

Passed Feb 2024About the Series 7TO exam

Series 99TO — Operations Professional Examination

Passed Feb 2024About the Series 99TO exam

SIE — Securities Industry Essentials Examination

Passed Oct 2018About the SIE exam

Series 7 — General Securities Representative Examination

Passed Mar 1999About the Series 7 exam

Series 62 — Corporate Securities Limited Representative Examination

Passed Mar 1991

Series 24 — General Securities Principal Examination

Passed Apr 2026About the Series 24 exam

Series 27 — Financial and Operations Principal Examination

Passed Feb 2024About the Series 27 exam

Series 4 — Registered Options Principal Examination

Passed Feb 2024About the Series 4 exam
FINRA
SRO Registrations

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CRS (Client Relationship Summary) - RIA

Click below to view Steven Roy Karpel's CRS (Customer Relationship Summary).

CRS (Customer Relationship Summary)

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