Independent Portfolio Consultants, Inc. (Boca Raton)

Independent Portfolio Consultants, Inc. is a large advisory firm based in Boca Raton. It manages $2.05 billion of regulatory assets for 1,120 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 32 other states.

Independent Portfolio Consultants provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Independent Portfolio Consultants: assets under management

The assets under management (AUM) of Independent Portfolio Consultants, Inc. is $2.05 billion. The firm's AUM has grown by 943% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $378.26 million in discretionary accounts and $1.67 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.26 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $2.04 million.

Independent Portfolio Consultants has custody of $2.05 billion in cash and securities for 500 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Independent Portfolio Consultants, Inc. 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.

Careers at Independent Portfolio Consultants, Inc.

The company employs 15 people that are either part- or full-time employees. 40 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative with the state securities authorities.

There’s a single person 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.

Alan Dean Bush has been acting as President since 1 Nov 2001. Michael Andrew Fleming joined the executive team most recently as the Chief Executive Officer, Director & Cco.

Direct owners and executive officers

Indirect Owners

The SEC currently registers 5 indirect owners.

Based in Boca Raton

The principal office where Independent Portfolio Consultants, Inc. performs its advisory services is located at 5002 T Rex Avenue, Boca Raton, FL 33431, 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 561-912-1040 or by fax 561-912-1090. The normal business hours are 8:30 to 5:00 on Monday - Friday. You can find more information about the New York firm at blueshores.com.

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