Ipex, Inc. (Plymouth)

Name: Ipex, Inc.
Address: 156 West Liberty Street, Plymouth, MI, 48170 1315
Telephone: 734-451-0777

Ipex, Inc. is a large advisory firm based in Plymouth. It manages $1.47 billion of regulatory assets for 48 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdiction of Michigan.

Ipex provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and endow/fndn. consulting services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Ipex: assets under management

The assets under management (AUM) of Ipex, Inc. is $1.47 billion. The firm's AUM has grown by 4495% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $538.52 million in discretionary accounts and $931.56 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $19.23 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $46.58 million.

Investments

The firm invests in investment and business development companies the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Ipex, 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 Shale Philip Lapping serves?

The firm provides services to charitable organizations and corporations or other businesses. The largest group of clients of Shale Philip Lapping is charitable organizations with 22 clients and $1.29 billion of assets under management. Among the 8 most similar advisory firms, Ipex has the highest percentage of charitable organizations out of all clients.

The amount of regulatory assets under management is $1.43 billion for 37 clients. None of the firm’s clients are foreign persons or businesses.

Ipex doesn't advise any private funds.

Careers at Ipex, Inc.

The company employs 5 people that are either part- or full-time employees. 40 percent of the employees work as investment advisers or researchers. 2 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.

Shale Philip Lapping has been acting as President since 1 Aug 1995. Neha Amar Patel joined the executive team most recently as the Vice President Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Shale Philip Lapping	President	1 Aug 1995	75% - 100%	1956060
Steven John Cupchak	Vice president	1 Oct 1995	Other	2215891
Kathleen Marie Serafino	Vice president; chief compliance officer	1 Oct 1995	Other	1433718
Neha Amar Patel	Vice president - chief compliance officer	1 Mar 2014	Other	5347914
Neha A. Patel	Vice president - chief compliance officer	1 Mar 2014	Other	5347914
Neha K. Patel	Vice president - operations	1 Mar 2014	Other	5347914

Based in Plymouth

The principal office where Ipex, Inc. performs its advisory services is located at 156 West Liberty Street, Plymouth, MI 48170 1315, 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 734-451-0777 or by fax 734-451-6830. The normal business hours are 8:30 am to 4:30 pm on Monday - Friday. You can find more information about the New York firm at ipexusa.com.