L. Roy Papp & Associates, Llp
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Overview
L. Roy Papp & Associates, Llp operates as a financial advisor company headquartered in Phoenix, Arizona. The company administers $1.3 billion in total assets over 1,724 client accounts, placing it among the larger financial advisory firms in the country by assets under management (AUM). The firm has a small team, including 9 financial advisors. L. Roy Papp & Associates, Llp is not a registered broker-dealer, signifying that the advisor cannot buy and sell securities for its accounts and those of its customers and instead is required to go through a broker-dealer company to do so. Securities are defined as tradable financial assets such as stocks, bonds and options.
L. Roy Papp & Associates, Llp oversees 1,283 of the firm's client assets in a discretionary manner. Discretionary management is a structure in which buy and sell decisions are made by a portfolio manager without needing to seek the client's permission. The company also has 441 non-discretionary accounts with a total of $215.9 million in AUM. L. Roy Papp & Associates, Llp's average account size is $733,742. An average financial advisor at L. Roy Papp & Associates, Llp manages about 192 client accounts.
The company's main office is located at 2201 E. Camelback Road, Phoenix, Arizona 85016. The firm is permitted to provide services to customers across 13 U.S. states and territories.
Assets Under Management
Number of Advisors
Disclosures
Office Location
L. Roy Papp & Associates, Llp by the Numbers
$1.3 billion
10
1,724
$733.7 thousand
Fee Structure
Fees for financial management usually depend on which service is offered. However, fees billed by the firm typically consist of the following fee type: asset-based. L. Roy Papp & Associates, Llp does not provide a wrap fee program, in which the company offers a bundle of services for a comprehensive fee.
Available
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Offered by 69% of firms
Percentage of Assets
Unavailable
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Find one of the 21% of firms that offer this fee type
Hourly
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Find one of the 1% of firms that offer this fee type
Commissions
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Find one of the 26% of firms that offer this fee type
Performance-based
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Find one of the 0% of firms that offer this fee type
Subscription
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Find one of the 32% of firms that offer this fee type
Fixed
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Find one of the 10% of firms that offer this fee type
Other
Types of Clients
L. Roy Papp & Associates, Llp works with a number of different customers. It caters to retail investors, high net worth investors, investment companies, pension plans, charitable organizations and corporations. Out of its 1,724 customers, L. Roy Papp & Associates, Llp's largest client type by number of accounts is high net worth investors, but it also caters to 324 high-net-worth individuals. The SEC defines a high-net-worth individual as a person who has at least $750,000 in AUM or a net worth of at least $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). None of its clients reside abroad.
- High-Net-Worth Individuals* - 52.34%
- Other Individuals - 32.15%
- Corporations - 11.63%
- Charitable Organizations - 3.88%
* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.
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Disclosures
L. Roy Papp & Associates, Llp does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at L. Roy Papp & Associates, Llp
Phoenix, AZ
Phoenix, AZ
Phoenix, AZ
Phoenix, AZ
Phoenix, AZ
Phoenix, AZ
Phoenix, AZ
Phoenix, AZ
Phoenix, AZ
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