IPEX is a boutique investment consulting firm founded in 1995 and based in Plymouth, Michigan. The firm is 100% owned by Shale P. Lapping and specializes in working with not-for-profit organizations, endowments, foundations, and some high net worth individuals. IPEX does not manage money directly or pick individual stocks, but instead helps clients structure, implement, and evaluate their overall investment programs. Services include establishing investment policy statements, conducting asset allocation studies, conducting money manager searches, monitoring investment performance, and analyzing fee structures and custodians. IPEX operates independently with no affiliations to money managers or brokerage firms, receiving all compensation directly from clients through fixed fees or asset-based consulting fees. The firm offers both discretionary and non-discretionary consulting services.
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $5.0M | 1.00% |
| $5.0M - $25.0M | 0.75% |
| $25.0M - $50.0M | 0.50% |
| $50M+ | 0.25% |
Fees are subject to negotiation and may be less than this schedule. Retainer clients may also pay a fixed fee or fixed fee adjusted for inflation.