Investment Advisory Professionals LLC (Boca Raton)

Name: Investment Advisory Professionals LLC
Address: 400 S Dixie Hwy, Boca Raton, FL, 33432
Telephone: 561-391-4477

Investment Advisory Professionals LLC is a large advisory firm based in Boca Raton. It manages $195 million of regulatory assets for 133 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Florida and Texas.

Investment Advisory Professionals provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Investment Advisory Professionals: assets under management

The assets under management (AUM) of Investment Advisory Professionals LLC is $195 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 353% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $195 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.47 million each.

Investments

The firm invests in investment and business development companies the most. They account for 57% of the total AUM. The second-largest asset type is state and local bonds, which make up 14% of the firm’s portfolio. Investments in investment grade corporate bonds form 12% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Investment Advisory Professionals LLC for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Arthur Canter serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Arthur Canter is high net worth individuals with 65 clients and $148 million of assets under management. Among the 6 most similar advisory firms, Investment Advisory Professionals has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $176.4 million for 131 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.

Investment Advisory Professionals doesn't advise any private funds.

Careers at Investment Advisory Professionals LLC

The company employs 3 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 3 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.

Arthur Canter has been acting as President since 1 Nov 1998. Alexandra Barbara Demosthenes joined the executive team most recently as the Secretary.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Arthur Canter	President	1 Nov 1998	50% - 75%	2584153
Frederick Mark Heimberg	President	1 Nov 1998	50% - 75%	2414118
Arthur Canter	Chief compliance officer	1 Jul 2004	50% - 75%	2584153
Mark David Miclean	Vice president	1 Jul 2010	25% - 50%	4554351
Alexandra Barbara Demosthenes	Secretary	1 Jan 2016	Other	5984852

Based in Boca Raton

The principal office where Investment Advisory Professionals LLC performs its advisory services is located at 400 S Dixie Hwy, Boca Raton, FL 33432, which is also the mailing address of the firm. An additional office of the firm is in West Palm Beach, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 561-391-4477 or by fax 561-391-8232. The normal business hours are 8:30am-4:00pm on Monday - Friday. You can find more information about the New York firm at iapllc.com.