L. Roy Papp & Associates, LLP (Phoenix)

Name: L. Roy Papp & Associates, LLP
Address: 2201 E. Camelback Road, Phoenix, AZ, 85016
Telephone: 602-956-0980

L. Roy Papp & Associates, LLP is a large advisory firm based in Phoenix. It manages $903.71 million of regulatory assets for 1,437 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdictions of Arizona, California, Colorado, and 7 other states.

L. Roy Papp & Associates provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for businesses and institutional clients, and pension 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.

L. Roy Papp & Associates: assets under management

The assets under management (AUM) of L. Roy Papp & Associates, LLP is $903.71 million. The firm's AUM has grown by 13% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $828 million in discretionary accounts and $75.71 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $758.94 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $218.81 thousand.

L. Roy Papp & Associates has custody of $137.48 million in cash and securities for 97 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 60% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 17% of the firm’s portfolio. Investments in government bonds form 9% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay L. Roy Papp & Associates, LLP 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 L. Roy Papp & Associates serves?

The firm provides services to individuals, investment companies, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of L. Roy Papp & Associates is high net worth individuals with 200 clients and $657.41 million of assets under management. Among the 7 most similar advisory firms, L. Roy Papp & Associates has the 3rd lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $903.71 million for 494 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.

L. Roy Papp & Associates doesn't advise any private funds.

Careers at L. Roy Papp & Associates, LLP

The company employs 11 people that are either part- or full-time employees. 91 percent of the employees work as investment advisers or researchers. 8 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Harry A Papp	General partner	1 Oct 1989	25% - 50%	4523575
Rosellen C Papp	General partner	1 Oct 1989	Other	4680179
Lessel Roy Papp	General partner	1 Oct 1989	50% - 75%	xxx-xx-xxxx
Harry Amidon Papp	General partner	1 Oct 1989	Other	xxx-xx-xxxx
Rosellen Carll Papp	General partner	1 Oct 1989	Other	xxx-xx-xxxx
Bruce Conklin Williams	General partner	1 Jan 1991	Other	xxx-xx-xxxx
Robert Louis Mueller	General partner	1 Jan 1991	Other	xxx-xx-xxxx
George D. Jr. Clark	General partner	1 Jan 1992	Other	xxx-xx-xxxx
Victoria Susan Cavallero	General partner	1 Jan 1993	25% - 50%	4703942
Jeffrey Nels Edwards	General partner	1 Jan 1993	Other	1105196
Julie Ann Hein	General partner/chief compliance officer	1 Jan 1996	Other	2116306
Jane Esther Couperus	General partner	1 Jan 2001	Other	xxx-xx-xxxx
Russell Allen Biehl	General partner	1 Jan 2001	Other	xxx-xx-xxxx
John L. Stull	General partner	1 Jan 2001	Other	xxx-xx-xxxx
Russell A Biehl	General partner	1 Jan 2001	Other	4523340
John Leslie Stull	General partner	1 Jan 2001	Other	1705291
Ryan Philip Bachman	Associate	1 Dec 2002	Other	xxx-xx-xxxx
Timothy Kent Hardaway	General partner	1 Jan 2003	Other	xxx-xx-xxxx
Christopher Lauren Schaefer	General partner	1 Jun 2007	Other	4293432
Brian Michael Riordan	General partner	1 Jun 2007	Other	2846934
Gregory S Smith	General partner	1 Jun 2007	Other	2722099
Marilyn Papp	General partner	1 Dec 2011	25% - 50%	6178470
Stephanie J Papp Irrevocable Trust U/A/D 12/21/12	General partner	1 Jan 2013	Other	46-6459021
Jennifer M Papp Irrevocable Trust U/A/D 12/21/12	General partner	1 Jan 2013	Other	46-6466226
Russell Allen Biehl	General partner	1 Sep 2015	Other	4523340

Based in Phoenix

The principal office where L. Roy Papp & Associates, LLP performs its advisory services is located at 2201 E. Camelback Road, Phoenix, AZ 85016, 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 602-956-0980 or by fax 602-956-1953. The normal business hours are 8:30 a.m.- 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at roypapp.com.