MLP3, LLC (Linwood)

Name: MLP3, LLC
Address: 650 New Road, Linwood, NJ, 08221
Telephone: 609-601-0800

MLP3, LLC is a large advisory firm based in Linwood. It manages $146.14 million of regulatory assets for 386 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Florida, New Jersey, New York, and Pennsylvania.

MLP3 provides financial planning services, portfolio management for individuals and small businesses, and bill payment services.. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

MLP3: assets under management

The assets under management (AUM) of MLP3, LLC is $146.14 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -6% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $146.14 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $378.6 thousand each.

MLP3 has custody of $68.26 million in cash and securities for 48 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 61% of the total AUM. The second-largest asset type is exchange traded securities, which make up 19% of the firm’s portfolio. Investments in cash and cash equivalents form 15% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay MLP3, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients MLP3 serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of MLP3 is high net worth individuals with 38 clients and $113.07 million of assets under management. Among the 8 most similar advisory firms, MLP3 has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $145.6 million for 149 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.

MLP3 doesn't advise any private funds.

Careers at MLP3, LLC

The company employs 4 people that are either part- or full-time employees. 75 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Tscaps Irrevocable Trust	Owner	1 Jun 2017	75% - 100%	82-6403963
Todd Christopher Chamberlain	Managing member	1 Feb 2018	Other	2378880
Jacob R. Mack	Managing member	1 Feb 2018	25% - 50%	4354369
Rachel Housel	Chief compliance officer	1 Apr 2018	Other	5125718

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Sarah Chamberlain	Trustee	1 Jun 2017	75% - 100%	6978647

Based in Linwood

The principal office where MLP3, LLC performs its advisory services is located at 650 New Road, Linwood, NJ 08221, 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 609-601-0800 or by fax 609-601-1850. The normal business hours are 9:00am to 5:00pm on Monday - Friday. You can find more information about the New York firm at masterslegacy.com/.