Cooper Lapman Financial, LLC (Boston)

Name: Cooper Lapman Financial, LLC
Address: 50 Congress Street, Boston, MA, 02109 4074
Telephone: (617) 557-1741

Cooper Lapman Financial, LLC is a large advisory firm based in Boston. It manages $208.82 million of regulatory assets for 287 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Massachusetts and New Hampshire.

Cooper Lapman Financial provides financial planning services, portfolio management for individuals and small businesses, and pension consulting services. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Cooper Lapman Financial: assets under management

The assets under management (AUM) of Cooper Lapman Financial, LLC is $208.82 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 106% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $208.82 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $727.58 thousand each.

Cooper Lapman Financial has custody of $75.79 million in cash and securities for 40 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 78% of the total AUM. The second-largest asset type is exchange traded securities, which make up 18% of the firm’s portfolio. Investments in cash and cash equivalents form 2% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Cooper Lapman Financial, LLC 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.

What kind of clients Cooper Lapman Financial serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Cooper Lapman Financial is high net worth individuals with 52 clients and $178.99 million of assets under management. Among the 7 most similar advisory firms, Cooper Lapman Financial has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $193.72 million for 75 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Cooper Lapman Financial doesn't advise any private funds.

Careers at Cooper Lapman Financial, LLC

The company employs 3 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 3 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
Miriam Flicop Cooper	Member and advisor	1 Jan 2009	50% - 75%	2255386
Mark Charles Lapman	Member, advisor and chief compliance officer	1 Jan 2009	50% - 75%	2246840

Based in Boston

The principal office where Cooper Lapman Financial, LLC performs its advisory services is located at 50 Congress Street, Boston, MA 02109 4074, 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 (617) 557-1741 or by fax (857) 317-2377. The normal business hours are 9am - 5pm on Monday - Friday. You can find more information about the New York firm at cooperlapman.com.