Steven R. Karpel

WELCY CAPITAL ADVISORS LLC

Miami, FL 33131

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CRD#: 2100626

Professional summary

Steven Roy Karpel is a registered financial advisor currently at WELCY CAPITAL ADVISORS LLC located in Miami, Florida.

Steven is registered as an IAR (Investment Advisor Representative) and started their career in finance in 1991. Steven has worked at 13 firms and has passed the Series 66, Series 63, Series 7TO, Series 99TO, SIE, Series 7, Series 62, Series 27, Series 24 and Series 4 exams.

Question & Answer

Are you a "fiduciary"?

Yes

Aliases

None

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.

The advisor shows no other business activity.

Blog Corner

CRS (Client Relationship Summary) - RIA

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

CRS (Customer Relationship Summary)

Certified licenses

Advisors may have various certifications and credentials from different organizations. AdvisorCheck highlights these seven certifications - AIF®, CFP®, ChFC®, CFA, CLU®, CIMA®, CPWA®

None

Experience

Current

January 15, 2026 - Present

WELCY CAPITAL ADVISORS LLC

Office #1: 1101 Brickell Avenue Suite 1600, Miami, FL 33131

RIA

CRD#: 154782

Miami, FL

Past

June 14, 2024 - August 26, 2025

HPO AMERICAS LTD.

RIA

CRD#: 311519

MIAMI, FL

Past

July 30, 2021 - December 31, 2023

HPO AMERICAS LTD.

RIA

CRD#: 311519

MIAMI, FL

Past

February 26, 2021 - May 27, 2021

HPO AMERICAS LTD.

RIA

CRD#: 311519

MIAMI, FL

Past

August 3, 2018 - May 5, 2020

BRICKELL GLOBAL MARKETS, INC.

CRD#: 104316

MIAMI, FL

Past

July 29, 2015 - February 8, 2016

LEVELX CAPITAL LLC

CRD#: 117028

BROOKLYN, NY

Past

November 1, 2013 - November 24, 2017

TAVIRA SECURITIES US LLC

CRD#: 145046

MIAMI, FL

Past

March 4, 2013 - November 7, 2013

ACTIVA CAPITAL MARKETS, INC.

CRD#: 42619

MIAMI, FL

Past

November 12, 2012 - February 13, 2013

INTERBOLSA SECURITIES, LLC

CRD#: 150715

MIAMI, FL

Past

January 5, 2012 - July 20, 2012

ACTIVA CAPITAL MARKETS, INC.

CRD#: 42619

MIAMI, FL

Past

June 9, 2010 - April 13, 2011

INTERBOLSA SECURITIES, LLC

CRD#: 150715

MIAMI, FL

Past

May 21, 2009 - June 23, 2009

EXECUTION ACCESS, LLC

CRD#: 148423

NEW YORK, NY

Past

December 17, 2004 - January 12, 2007

BULLTICK SECURITIES, LLC

CRD#: 132092

MIAMI, FL

Past

August 7, 2001 - August 5, 2004

FINANCIALX, INC.

CRD#: 13833

ALCOBENDAS (MADRID),

Past

November 15, 2000 - March 21, 2002

EURONET SECURITIES CORP.

CRD#: 48010

MADRID,

Past

March 30, 1999 - August 23, 2000

MORGAN STANLEY DW INC.

CRD#: 7556

PURCHASE, NY

Past

March 18, 1991 - July 25, 1991

J. W. GANT & ASSOCIATES, INC.

CRD#: 7963

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".

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 - (6/28/2024 Approved)

Florida

Registered Investment Advisory firm - (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.

Highlighted states indicate IAR registrations

IAR

Florida
(1/15/2026)

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.

Exams

State Security Law Exam

IAR

Series 66

Date: 2/18/2021

Uniform Combined State Law Examination

State Security Law Exam

Series 63

Date: 6/24/1991

Uniform Securities Agent State Law Examination

General Industry/Product Exam

Series 7TO

Date: 2/4/2024

General Securities Representative Examination

General Industry/Product Exam

Series 99TO

Date: 2/4/2024

Operations Professional Examination

General Industry/Product Exam

SIE

Date: 10/1/2018

Securities Industry Essentials Examination

General Industry/Product Exam

Series 7

Date: 3/29/1999

General Securities Representative Examination

General Industry/Product Exam

Series 62

Date: 3/15/1991

Corporate Securities Limited Representative Examination

Principal/Supervisory Exam

Series 27

Date: 2/4/2024

Financial and Operations Principal Examination

Principal/Supervisory Exam

Series 24

Date: 2/4/2024

General Securities Principal Examination

Principal/Supervisory Exam

Series 4

Date: 2/4/2024

Registered Options Principal Examination

Current Firm

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 - (6/28/2024 Approved)

Florida

Registered Investment Advisory firm - (7/17/2024 Terminated)

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Contact information

Main Address

1101 Brickell Avenue Suite 1600, Miami, FL 33131

Mailing Address

Phone number

(786) 353-0036

Established

Firm type

Fiscal year end

# of Employees

SEC notice filing (2 States and Territories)

Documents

Customer Relationship Summary (CRS / SEC)

Latest Form ADV

Part 2 Brochures

WELCY CAPITAL ADVISORS LLC (1/23/2026)

Regulatory assets under management

Total Number of Accounts	21
AUM (Assets Under Management)	$ 183,631,565

Accountant surprise examination report

Filing Date	Form ADV-E Cover	Form ADV-E Report
02/09/2026	Cover Page	Report
03/05/2025	Cover Page	Report

Red Flags

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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Steven R. Karpel

Professional summary

Question & Answer

Aliases

Other business activities

Blog Corner

CRS (Client Relationship Summary) - RIA

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

Certified licenses

Experience

HPO AMERICAS LTD.

HPO AMERICAS LTD.

HPO AMERICAS LTD.

BRICKELL GLOBAL MARKETS, INC.

LEVELX CAPITAL LLC

TAVIRA SECURITIES US LLC

ACTIVA CAPITAL MARKETS, INC.

INTERBOLSA SECURITIES, LLC

ACTIVA CAPITAL MARKETS, INC.

INTERBOLSA SECURITIES, LLC

EXECUTION ACCESS, LLC

BULLTICK SECURITIES, LLC

FINANCIALX, INC.

EURONET SECURITIES CORP.

MORGAN STANLEY DW INC.

J. W. GANT & ASSOCIATES, INC.

Primary Firm SEC Registration

WELCY CAPITAL ADVISORS LLC

State Registrations and Notice Filings

Exams

Series 66

Date: 2/18/2021

Series 63

Date: 6/24/1991

Series 7TO

Date: 2/4/2024

Series 99TO

Date: 2/4/2024

SIE

Date: 10/1/2018

Series 7

Date: 3/29/1999

Series 62

Date: 3/15/1991

Series 27

Date: 2/4/2024

Series 24

Date: 2/4/2024

Series 4

Date: 2/4/2024

Current Firm

WELCY CAPITAL ADVISORS LLC

Contact information

SEC notice filing (2 States and Territories)

Documents

Part 2 Brochures

Regulatory assets under management

Accountant surprise examination report

Red Flags

Company Information

WELCY CAPITAL ADVISORS LLC

TRUST BUT VERIFY

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