Lap Latin American Partners LLC is a large advisory firm based in Washington. It manages $325.18 million of regulatory assets for 2 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdiction of District of Columbia.
Lap Latin American Partners provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Lap Latin American Partners LLC is $325.18 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 79% since the beginning of its operation, and $325.18 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Lap Latin American Partners LLC for their services and products based on a percentage of assets under management and performance-based fees. 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.
The only and largest group of clients of Lap Latin American Partners is pooled investment vehicles with 2 clients and $325.18 million of assets under management. Among the 6 most similar advisory firms, Lap Latin American Partners has the highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $325.18 million for 2 clients. 100% of the firm’s clients are foreign persons or businesses.
Lap Latin American Partners also advises several private funds. Namely, two hedge funds. The minimum investment commitment required of non-related persons is $5,000,000 for each fund.
The company employs 13 people that are either part- or full-time employees. 85 percent of the employees work as investment advisers or researchers. No 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.
The principal office where Lap Latin American Partners LLC performs its advisory services is located at 900 17 Th Street, N.W., Washington, DC 20006, 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 +1 (202) 530-3180 or by fax +1 (202) 540-9925. The normal business hours are 9am - 5:30pm on Monday - Friday. You can find more information about the New York firm at lapfunds.com/.