Lapis Advisers, LP (Larkspur)

Name: Lapis Advisers, LP
Address: 265 Magnolia Avenue Suite 100, Larkspur, CA, 94939
Telephone: 415-376-6280

Lapis Advisers, LP is a large advisory firm based in Larkspur. It manages $494.89 million of regulatory assets for 7 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of California and Connecticut.

Lapis Advisers provides portfolio management for pooled investment vehicles and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Lapis Advisers: assets under management

The assets under management (AUM) of Lapis Advisers, LP is $494.89 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 16396% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $494.89 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $70.7 million each.

Lapis Advisers has custody of $494.89 million in cash and securities for 7 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Lapis Advisers, LP 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.

What kind of clients Lapis Advisers serves?

The only and largest group of clients of Lapis Advisers is pooled investment vehicles with 7 clients and $494.89 million of assets under management. Among the 12 most similar advisory firms, Lapis Advisers has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $494.89 million for 7 clients. None of the firm’s clients are foreign persons or businesses.

Lapis Advisers also advises several private funds. Namely, six private equity funds and one securitized asset fund. The minimum investment commitment required of non-related persons ranges from $50,000 to $20,000,000.

Careers at Lapis Advisers, LP

The company employs 8 people that are either part- or full-time employees. 63 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Llc Lapis Gp	General partner	1 Dec 2009	Other	27-1296343
Kjerstin Roen Hatch	Limited partner, manager of gp	1 Dec 2009	75% - 100%	2770247
Lp Mcm Advisers	Limited partner	1 Dec 2009	Other	110656
Lp Mpf Advisers	Limited partner	1 Dec 2009	25% - 50%	110656
Jeri Ruth Bluth	Chief compliance officer	1 Jan 2010	Other	4650595
Kathleen Ramos Araneta Delfin	Chief compliance officer	1 Dec 2011	Other	4469812
Laarni Parawan Deguzman	Chief financial officer	1 Jul 2013	Other	2316762
Barbara Terrell	Limited partner	1 Dec 2013	Other	6289217
Frank Ross Chavez	Chief financial officer	1 Apr 2015	Other	4824774
Robert Andrew Harrison	Chief compliance officer and chief operating officer	1 Apr 2016	Other	6640800
Frank Ross Chavez	Chief compliance officer	1 Dec 2016	Other	4824774

Indirect Owners

The SEC currently registers 5 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Inc Bc Gp	General partner	1 Jan 2006	Other	20-0524150
Inc Mcm Gp	General partner	1 Jan 2006	Other	20-0524150
Lp Mpf Founders	Limited partner	1 Jan 2009	50% - 75%	26-4075283
Lp Mpf Principals	Limited partner	1 Jan 2009	25% - 50%	26-4075065
Lp Mpf Successors	Limited partner	1 Jan 2009	25% - 50%	26-4075237

Based in Larkspur

The principal office where Lapis Advisers, LP performs its advisory services is located at 265 Magnolia Avenue Suite 100, Larkspur, CA 94939, which is also the mailing address of the firm. An additional office of the firm is in Denver, CO. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 415-376-6280 or by fax 415-376-6281. The normal business hours are 8:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at lapisadvisers.com.