Form ADV, Part 3: FORM CRS - March 29, 2021
Investment Research Partners, LLC (“IRP”) is registered with the Securities and Exchange Commission as an investment adviser. Brokerage and investment advisory services and fees differ and it is important for you to understand the differences. Free and simple tools are available to research firms and financial professionals at Investor.gov/CRS, which also provides educational materials about broker-dealers, investment advisers, and investing.
What investment services and advice can you provide me?
IRP strives to provide sub-advisory and consulting services of offering proprietary strategies in order to assist other investment advisers (“Adviser Client”) provide advice to their clients. Sub-advisory services are provided on a discretionary and non-discretionary basis.
IRP offers financial consulting services where IRP contracts directly with and receives payments from other registered investment advisers to provide investment advisory consulting services to the clients of those contracted financial institutions.
Finally, IRP provides consulting services to Adviser Clients as well as individuals that work at non-affiliated companies (including investment and non-investment related matters, including estate planning, retirement planning, tax planning, marketing consulting for private companies, etc.). Consulting services may also be offered to individuals at other investment advisors.
For more detailed information, please refer to our Disclosure Brochure, the ADV Part 2A, under Item 4 Advisory Business and Item 7 Types of Clients, which can be found by CLICKING HERE.
What fees will I pay?
Generally, fees vary from 0.0% to 0.5% per annum of the market value of an Adviser Client’s assets or as pursuant to the Sub-Advisory Agreement entered into by IRP and the Adviser Client. Adviser Clients may also pay a fixed fee ranging from $1,500 to $15,000 per month dependent upon the scope of services and the size of the Adviser Client. Fees are negotiable, and the fee range stated is a guide. The fee chosen within that range is determined in part by the nature of the services, including the amount of assets IRP will manage, complexity of asset structures, the complexity of the portfolio, and other factors that would be dependent upon the specific engagement.
Financial Consulting services provided to Adviser Clients are done either on an hourly fee, a fixed fee, or basis point arrangement, depending on the nature of the engagement and scope of services agreed upon. Hourly rates range from $150 - $350 for all investment professionals at IRP, and the fixed fees will typically range from $2,500 - $25,000 depending upon the complexity of the engagement. Basis point fees vary from 0.0% to 0.5% per annum based upon the assets at the Adviser Client for which IRP has been engaged for. These fees are a guide and are subject the terms of the Consulting Agreement between IRP and the Adviser Client.
Consulting services are done either on a fixed fee basis (which may be per project or per month) or on an hourly fee basis. Fixed fees will be between $2,500 and $25,000 per annum. Hourly fees will be between $75 and $250 per hour. The fee range stated is a guide. Fees can be higher or lower than this range, based on the nature of the engagement. Fees are negotiable, and will depend on the anticipated complexity of the engagement.
You will pay fees and costs whether you make or lose money on your investments. Fees and costs will reduce any amount of money you make on your investments over time. Please make sure you understand what fees and costs you are paying. For more specific information regarding our fees, please refer our Disclosure Brochure, the ADV Part 2A under Item 5 Fees and Compensation by CLICKING HERE.
What are your legal obligations to me when acting as my investment adviser? How else does your firm make money and what conflicts of interest do you have?
When we act as your investment adviser, we have to act in your best interest and not put our interest ahead of yours. At the same time, the way we make money creates some conflicts with your interests. You should understand and ask us about these conflicts because they can affect the investment advice we provide you.
For example, Martin Wildy, a principal of IRP, maintains equity ownership in Eventide Asset Management (“Eventide”), his former employer. Mr. Wildy does not have an active role with the company; however he does receive profit sharing distributions based on his equity ownership giving him an incentive to recommend investment products based on the compensation received, rather than on the client’s needs. In the case of discretionary accounts, it may not always feasible for clients to direct IRP to invest in non-Eventide mutual funds unless clients provide specific investment restrictions in their investment policy statements. Finally, Clients are not always in a position to select non-Eventide mutual funds since they are relying on IRP for investment management unless IRP provides alternate mutual funds for clients to select. Investment Research Partners attempts to mitigate this conflict of interest by disclosing the conflict to clients and allowing them to (a) decline the use of Eventide funds in their entirety or (b) allowing the use of Eventide funds so long as other options were considered and the Eventide fund is determined to be in the best interests of the client.
For more specific information regarding compensation and conflicts, please refer our Disclosure Brochure, the ADV Part 2A under Item 10 Outside Affiliations by CLICKING HERE.
do your financial professionals make money?
Financial professionals of IRP are paid a portion of the fees for sub-advisory, financial consulting, and consulting services. Financial professionals are not rewarded sales bonuses.
Do you or your financial professionals have legal or disciplinary history?
No. Free and simple tools are available to research firms and financial professionals at https://www.investor.gov/CRS.
Additional information about our investment advisory services can be found at https://www.investmentresearchpartners.com or by CLICKING HERE. A copy of our relationship summary can also be requested by calling (814) 574-4336.
Questions to Ask Your Professional:
- “Given my financial situation, should I choose an investment advisory service? Why or why not?”
- “How will you choose investments to recommend to me?”
- “What is your relevant experience, including your licenses, education and other qualifications? What do these qualifications mean?
- “Help me understand how these fees and costs might affect my investments. If I give you $10,000 to invest, how much will go to fees and costs, and how much will be invested for me?"
- “How might your conflicts of interest affect me, and how will you address them?”
- “As a financial professional, do you have any disciplinary history? For what type of conduct?”
- “Who is my primary contact person? Is he or she a representative of an investment adviser or a broker-dealer? Who can I talk to if I have concerns about how this person is treating me?
Investment Research Partners, LLC (“Investment Research Partners“) is an SEC registered investment adviser located in Lemont, PA. Investment Research Partners transacts business in those states in which it is registered, or qualifies for an exemption or exclusion from registration requirements. Investment Research Partners’ web site is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of Investment Research Partners’ web site on the Internet should not be construed by any consumer or other individual as a solicitation to effect, or attempt to effect transactions in securities, or render personalized investment advice for compensation, over the Internet. Any subsequent, direct communication by Investment Research Partners with a prospective client shall be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides. For information pertaining to the registration status of Investment Research Partners, please contact the SEC or the state securities regulators for those states in which Investment Research Partners maintains a notice filing. A copy of Investment Research Partners’ current written disclosure statement discussing Investment Research Partners’ business operations, services, and fees is available from Investment Research Partners upon written request.
Investment Research Partners does not make any representations or warranties as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by any unaffiliated third party, whether linked to Investment Research Partners’ web site or incorporated herein, and takes no responsibility therefore. All such information is provided solely for convenience purposes only and all users thereof should be guided accordingly.
Different investments carry with them different amounts of risk. Past results are not indicative of future investment performance, and there is no assurance of future success.
Certain portions of Investment Research Partners’ web site, which includes newsletters, articles, commentaries, etc., may contain a discussion of, and/or provide access to, Investment Research Partners positions and/or recommendations as of a specific prior date. Due to various factors, including changing market conditions, such discussion may no longer be reflective of current positions and/or recommendations. Moreover, no client or other individual should assume that any such discussion serves as the receipt of, or a substitute for, personalized advice from Investment Research Partners, or from any other investment professional. Investment Research Partners is neither a law firm nor an accounting firm, and no portion of the web site content should be construed as legal, accounting or tax advice.
Rankings and recognition by unaffiliated rating services and publications should not be construed by a client or prospective client as a guarantee that he or she will experience a certain level of results if Investment Research Partners is engaged, or continues to be engaged, to provide investment advisory services, nor should it be construed as a current or past client endorsement of Investment Research Partners. Rankings published by magazines, and others, generally base their selections exclusively on information prepared and submitted by the recognized adviser.
No information contained on this website should be considered investment advice, and should not be considered a substitute for, personalized individual advice from Investment Research Partners, or from any other investment professional.
Each individual agrees, as a condition precedent to his or her access to Investment Research Partners’ web site, to release and hold harmless Investment Research Partners, its officers, directors, owners, employees, and agents from any and all adverse consequences resulting from any of his or her actions and/or omissions which are independent of his or her receipt of personalized individual advice from Investment Research Partners.
Accredited Investment Fiduciary
The Accredited Investment Fiduciary (AIF) certification signifies that an individual has a thorough knowledge of and ability to apply the fiduciary practices. To obtain the AIF certification, candidates must complete a training curriculum and then pass an examination. AIF designees are required to adhere to a strict Code of Ethics. In order to maintain an AIF license, designees must complete 6 hours of continuing professional education each.
Chartered Financial Analyst
The Chartered Financial Analyst (CFA) charter is a globally respected, graduate-level investment
credential established in 1962 and awarded by CFA Institute — the largest global association of investment professionals. There are currently more than 138,000 CFA charterholders working in 134 countries. To earn the CFA charter, candidates must: 1) pass three sequential, six-hour examinations; 2) have at least four years of
qualified professional investment experience; 3) join CFA Institute as members; and 4) commit to abide by, and annually reaffirm, their adherence to the CFA Institute Code of Ethics and Standards of Professional Conduct.
High Ethical Standards
The CFA Institute Code of Ethics and Standards of Professional Conduct, enforced through an active professional conduct program, require CFA charterholders to:
• Place their clients’ interests ahead of their own
• Maintain independence and objectivity
• Act with integrity
• Maintain and improve their professional competence
• Disclose conflicts of interest and legal matters
Passing the three CFA exams is a difficult feat that requires extensive study (successful candidates report spending an average of 300 hours of study per level). Earning the CFA charter demonstrates mastery of many of the advanced skills needed for investment analysis and decision making in today’s quickly evolving global financial industry. As a result, employers and clients are increasingly seeking CFA charterholders—often making the charter a prerequisite for employment. Additionally, regulatory bodies in over 30 countries and territories recognize the CFA charter as a proxy for meeting certain licensing requirements, and more than 125 colleges and universities around the world have incorporated a majority of the CFA Program curriculum into their own finance courses.
Comprehensive and Current Knowledge
The CFA Program curriculum provides a comprehensive framework of knowledge for investment decision making and is firmly grounded in the knowledge and skills used every day in the investment profession. The three levels of the CFA Program test a proficiency with a wide range of fundamental and advanced investment topics, including ethical and professional standards, fixed-income and equity analysis, alternative and derivative investments, economics, financial reporting standards, portfolio management, and wealth planning. The CFA Program curriculum is updated every year by experts from around the world to ensure that candidates learn the most relevant and practical new tools, ideas, and investment and wealth management skills to reflect the dynamic and complex nature of the profession. To learn more about the CFA charter, visit www.cfainstitute.org
Certified Financial Planner
The CERTIFIED FINANCIAL PLANNER™, CFP® and federally registered CFP (with flame design) marks (collectively, the “CFP® marks”) are professional certification marks granted in the United States by Certified Financial Planner Board of Standards, Inc. (“CFP Board”). The CFP® certification is a voluntary certification; no federal or state law or regulation requires financial planners to hold CFP® certification. It is recognized in the United States and a number of other countries for its (1) high standard of professional education; (2) stringent code of conduct and standards of practice; and (3) ethical requirements that govern professional engagements with clients. Currently, more than 62,000 individuals have obtained CFP® certification in the United States. To attain the right to use the CFP® marks, an individual must satisfactorily fulfill the following requirements:
Education – Complete an advanced college-level course of study addressing the financial planning subject areas that CFP Board’s studies have determined as necessary for the competent and professional delivery of financial planning services, and attain a Bachelor’s Degree from a regionally accredited United States college or university (or its equivalent from a foreign university). CFP Board’s financial planning subject areas include insurance planning and risk management, employee benefits planning, investment planning, income tax planning, retirement planning, and estate planning;
Examination – Pass the comprehensive CFP® Certification Examination. The examination, administered in 10 hours over a two-day period, includes case studies and client scenarios designed to test one’s ability to correctly diagnose financial planning issues and apply one’s knowledge of financial planning to real world circumstances;
Experience – Complete at least three years of full-time financial planning-related experience (or the equivalent, measured as 2,000 hours per year); and
Ethics – Agree to be bound by CFP Board’s Standards of Professional Conduct, a set of documents outlining the ethical and practice standards for CFP® professionals.
Individuals who become certified must complete the following ongoing education and ethics requirements in order to maintain the right to continue to use the CFP® marks:
Continuing Education – Complete 30 hours of continuing education hours every two years, including two hours on the Code of Ethics and other parts of the Standards of Professional Conduct, to maintain competence and keep up with developments in the financial planning field; and
Ethics – Renew an agreement to be bound by the Standards of Professional Conduct. The Standards prominently require that CFP® professionals provide financial planning services at a fiduciary standard of care. This means CFP® professionals must provide financial planning services in the best interests of their clients. CFP® professionals who fail to comply with the above standards and requirements may be subject to CFP Board’s enforcement process, which could result in suspension or permanent revocation of their CFP® certification.
Chartered SRI Counselor
Individuals who hold the CSRIC™ designation have completed a course of study encompassing the history, definitions, trends, portfolio construction principles, fiduciary responsibilities, and best practices for sustainable, responsible, and impact (SRI) investing. This program was developed in partnership with US SIF, The Forum for Sustainable and Responsible Investment -- the leading voice advancing sustainable, responsible, and impact investing across all asset classes in the United States.
Additionally, individuals must pass an end-of-course examination that tests their ability to synthesize complex concepts and apply theoretical concepts to real-life situations.
All designees have agreed to adhere to Standards of Professional Conduct and are subject to a disciplinary
process. Designees renew their designation every two-years by completing 16 hours of continuing education, reaffirming adherence to the Standards of Professional Conduct and complying with self-disclosure requirements.