Investment Performance Services provides portfolio management for institutions, pension consulting, selecting other managers and educational seminars.
Investment Performance Services lists pension and profit-sharing plans, corporations and other businesses, and other clients as clients. Of its assets, 100.0% ($764M across 8 accounts) are managed with discretion. It advised 262 clients without assets under management last fiscal year.
Share breakdown unavailable
| Client type | Clients | Assets |
|---|---|---|
| Pension and profit-sharing plans | Fewer than 5 | 82% |
| Corporations and other businesses | Fewer than 5 | 2% |
| Other | Fewer than 5 | 16% |
Client shares use reported counts. Client types without a reported count are excluded from that total.
Client shares are unavailable because no positive client counts were reported.
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Pension and profit-sharing plans | Fewer than 5 | $624M | 81.7% | — |
| Corporations and other businesses | Fewer than 5 | $14.4M | 1.9% | — |
| Other | Fewer than 5 | $125M | 16.4% | — |
| Total | Not reported | $764M | 100% | — |
- Clients
- Fewer than 5
- Regulatory AUM
- $624M
- AUM share
- 81.7%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $14.4M
- AUM share
- 1.9%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $125M
- AUM share
- 16.4%
- Avg. per client
- —
Total
- Clients
- Not reported
- Regulatory AUM
- $764M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 262
- Private funds advised
- 0
Investment Performance Services is paid through fixed fees (other than subscription fees) and other compensation; its fees and minimums are set out in its brochures on the SEC website.
Richard Sichel owns 50% to 75% of Investment Performance Services. Richard Sichel is CEO; the leadership team includes President Jennifer Holmes, Chief Investment Officer Christopher McDonough and Chief Operating Officer Michael Magee. It has 34 employees, 11 of them in advisory roles.
Leadership
- Richard SichelChief Executive Officer, Senior Consultant, Managing Partner
- Jennifer HolmesPresident, Senior Consultant, Senior Partner
- Michael MageeChief Operating Officer & Chief Compliance Officer
- Christopher McDonoughChief Investment Officer, Senior Consultant, Partner
Investment adviser representatives
1 representatives listed in the SEC register as of 9 October 2026.
- Michael Patrick Magee
Staff
- 34 employees
- 11 in advisory functions
- Owns 50% to 75% of Investment Performance Services LLC
Richard Sichel
Control person · since February 2025
- Owns 10% to 25% of Investment Performance Services LLC
Jennifer Holmes
Control person · since February 2025
Investment Performance Services’ regulatory assets grew 1.6× from $484M (March 2021) to $764M (March 2026); clients fell from 165 to 0 and employees from 36 to 34.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $764M | 0 | 34 | 2 |
| March 2025 | $746M | 0 | 34 | 2 |
| March 2024 | $618M | 0 | 32 | 2 |
| March 2023 | $495M | 0 | 38 | 2 |
| March 2022 | $517M | 0 | 37 | 2 |
| March 2021 | $484M | 165 | 36 | 2 |
Besides its headquarters, Investment Performance Services has 1 office, with 2 listed addresses in Georgia and Pennsylvania.
Georgia · 1 listed address
- 570 East York Street, SavannahHQ
Pennsylvania · 1 listed address
- 411 South State St, Newtown
Contact and registration details
- Legal name
- Investment Performance Services LLC
- Headquarters
- 570 East York Street, Savannah, GA 31401
- Website
- ips-net.com
- Phone
- 912-352-2862
- SEC file
- 801-33204
- Structure
- Georgia LLC
- Fiscal year end
- December
Investment Performance Services does not have custody of client assets.
At year end, Investment Performance Services’ separately managed accounts were mostly in funds (83%).
What the accounts hold
- Funds83%
- Pooled vehicles56%
- Registered funds27%
- Cash1%
- Other16%
- The raum referred to in response to this item relates to four clients that have conferred discretionary authority on registrant only to select investment managers and direct portfolio rebalancing.16%
What services does Investment Performance Services offer?
Investment Performance Services provides portfolio management for institutions, pension consulting, selecting other managers and educational seminars.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How many financial advisors does Investment Performance Services have?
Investment Performance Services has 0 investment adviser representatives registered with state securities authorities, out of 34 employees, and 11 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Investment Performance Services invest in?
At the end of its last fiscal year, Investment Performance Services’ separately managed accounts held 56% pooled vehicles (private funds and similar), 27% registered funds (mutual funds, ETFs, BDCs), 16% other and 1% cash and equivalents. The 16% other category is described as: The Raum Referred to in Response to This Item Relates to Four Clients That Have Conferred Discretionary Authority on Registrant Only to Select Investment Managers and Direct Portfolio Rebalancing.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Investment Performance Services?
Investment Performance Services’ direct owners are Richard Sichel (50% to 75%) and Jennifer Holmes (10% to 25%).
Source: Form ADV Part 1A, Schedules A and B, filed 26 March 2026
How does Investment Performance Services get paid?
Investment Performance Services is paid through fixed fees and other compensation. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
Is Investment Performance Services registered with the SEC?
Yes, Investment Performance Services has been registered with the SEC as an investment adviser since 3 November 1988. Its CRD number is 105527 and its SEC file number is 801-33204.
Source: Form ADV Part 1A, Item 1, filed 26 March 2026; IAPD firm record
How do I contact Investment Performance Services?
Investment Performance Services’ main office is at 570 East York Street, Savannah, GA 31401. Its phone number is 912-352-2862. Its website is ips-net.com.