Lafayette Investments, Inc. (Ashton)
Lafayette Investments, Inc. is a large advisory firm based in Ashton. It manages $414.98 million of regulatory assets for 498 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, District of Columbia, Florida, and 3 other states.
Lafayette Investments provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.
Lafayette Investments: assets under management
The assets under management (AUM) of Lafayette Investments, Inc. is $414.98 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 210% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
Investments
The firm invests in exchange traded securities the most. They account for 62% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 19% of the firm’s portfolio. Investments in investment and business development companies form 13% of the total invested assets.Fees & Commissions
The advisory firm has several streams of revenue. Clients pay Lafayette Investments, Inc. for their services and products based on a percentage of assets under management 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 Thomas Patrick Roddy serves?
The firm provides services to individuals and high net worth individuals. The largest group of clients of Thomas Patrick Roddy is high net worth individuals with 142 clients and $367.41 million of assets under management. Among the 10 most similar advisory firms, Lafayette Investments has the 3rd highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $382.95 million for 206 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.
Lafayette Investments doesn't advise any private funds.
Careers at Lafayette Investments, Inc.
The company employs 10 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 4 employees are registered as investment adviser representatives 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.
Thomas Patrick Roddy has been acting as President since 1 May 1988. Robert Adams Noyes joined the executive team most recently as the Shareholder/Treasurer.
Direct owners and executive officers
Based in Ashton
The principal office where Lafayette Investments, Inc. performs its advisory services is located at 17830 New Hampshire Avenue, Ashton, MD 20861, which is also the mailing address of the firm. An additional office of the firm is in Bethesda, MD. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 301-570-2959 or by fax 301-570-1263. The normal business hours are 8:30a.m. to 5:30p.m. on Monday - Friday. You can find more information about the New York firm at lafayetteinvestments.com.
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