Alapocas Investment Partners, Inc. (Beverly)

Name: Alapocas Investment Partners, Inc.
Address: 50 Dunham Ridge, Beverly, MA, 01915
Telephone: 781-376-2015

Alapocas Investment Partners, Inc. is a large advisory firm based in Beverly. It manages $201.19 million of regulatory assets for 74 client accounts. It has been registered with the SEC as an adviser since 2019 and has operated in the jurisdiction of Massachusetts.

Alapocas Investment Partners provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Alapocas Investment Partners: assets under management

The assets under management (AUM) of Alapocas Investment Partners, Inc. is $201.19 million. The company doesn't manage any assets belonging to foreign clients.

The firm manages $80.78 million in discretionary accounts and $120.42 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.13 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $3.34 million.

Investments

The firm invests in exchange traded securities the most. They account for 45% of the total AUM. The second-largest asset type is investment and business development companies, which make up 41% of the firm’s portfolio. Investments in cash and cash equivalents form 7% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Alapocas Investment Partners, Inc. for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Alapocas Investment Partners serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Alapocas Investment Partners is high net worth individuals with 27 clients and $73.69 million of assets under management. Among the 10 most similar advisory firms, Alapocas Investment Partners has the 0th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $201.19 million for 74 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.

Alapocas Investment Partners doesn't advise any private funds.

Careers at Alapocas Investment Partners, Inc.

The company employs 3 people that are either part- or full-time employees. 33 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative with the state securities authorities.

There isn’t anyone 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
David Wayne Lemons	President and chief compliance officer	1 Feb 2019	75% - 100%	2186961

Based in Beverly

The principal office where Alapocas Investment Partners, Inc. performs its advisory services is located at 50 Dunham Ridge, Beverly, MA 01915, 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 781-376-2015. The normal business hours are 9:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at alapocasip.com.