{"url":"https://nivawealth.com/firms/ipex-124337","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/124337","regulatoryAum":2654083361,"crd":"124337","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"2215891","suffix":null,"lastName":"CUPCHAK","firstName":"STEVEN","middleName":"JOHN"},{"crd":"1956060","suffix":null,"lastName":"LAPPING","firstName":"SHALE","middleName":"PHILIP"},{"crd":"5347914","suffix":null,"lastName":"PATEL","firstName":"NEHA","middleName":"K"}],"total":3,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"history":[{"filedOn":"2021-03-25","regulatoryAum":1947968812,"clients":40,"employees":5,"offices":1},{"filedOn":"2022-03-31","regulatoryAum":2176591026,"clients":40,"employees":5,"offices":1},{"filedOn":"2023-03-23","regulatoryAum":1813719248,"clients":40,"employees":5,"offices":1},{"filedOn":"2024-03-27","regulatoryAum":2025333472,"clients":43,"employees":3,"offices":1},{"filedOn":"2025-03-31","regulatoryAum":2238571062,"clients":43,"employees":3,"offices":1},{"filedOn":"2026-06-17","regulatoryAum":2654083361,"clients":44,"employees":3,"offices":1}],"secFileNumber":"801-71851","legalName":"Ipex, Inc.","displayName":"Ipex","slug":"ipex-124337","website":null,"logo":{"src":"https://rmkhnxnbeclogprvkfyl.supabase.co/storage/v1/object/public/firm-logos/124337/b43c5d7efe60aa79-r1.webp","tone":"dark","width":256,"height":200,"sourceUrl":"http://www.ipexusa.com","sourceLabel":"Ipex, Inc., website"},"classification":{"segment":"institutions","segmentLabel":"Institutional","type":"institutional_asset_manager","typeLabel":"Asset manager","feeDisclosure":"payment_only"},"founded":null,"organization":"Michigan corporation","fiscalYearEnd":"December","headquarters":{"street":"156 West Liberty Street","city":"Plymouth","state":"MI","stateName":"Michigan","country":"United States","postalCode":"48170-1315"},"tradeNames":[],"registration":{"secApproved":"23 September 2010","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":null,"staff":{"employees":3,"advisory":2,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":2654083361,"discretionary":1575142224,"discretionaryAccounts":36,"nonDiscretionary":1078941137,"nonDiscretionaryAccounts":18,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"High-net-worth individuals","clients":3,"fewerThan5":true,"regulatoryAum":57999045},{"label":"Charitable organizations","clients":22,"regulatoryAum":2062261343},{"label":"Corporations and other businesses","clients":19,"regulatoryAum":533822973}],"feePrograms":[],"brochureCoverage":{"scope":"known_documents","status":"not_processed","checkedAt":null,"documents":[]},"custodians":[],"custodyNote":"Ipex does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"Steven Cupchak","title":"Vice President","crd":"2215891"},{"name":"Shale Lapping","title":"President","crd":"1956060"},{"name":"Neha Patel","title":"Chief Compliance Officer","crd":"5347914"}],"ownership":[{"label":"Shale Lapping","detail":"President in the 75% or more ownership band and a control person, since August 1995."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"Michigan","offices":1,"addresses":[{"street":"156 West Liberty Street","city":"Plymouth","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"734-451-0777","stateRegisteredReps":3,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Fixed fees (other than subscription fees)"],"activities":["Portfolio management for individuals and/or small businesses","Portfolio management for businesses (other than small businesses) or institutional clients","Pension consulting services","Other"],"financialPlanningClients":"0","assetMix":[{"label":"Securities issued by registered investment companies or business development companies","percent":100}],"privateFunds":0},"sources":{"adv1FilingDate":"17 June 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/124337/PDF/124337.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-21","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Ipex have?","answer":"Ipex has 44 clients and manages $2.65 billion for them, as of June 2026. They include 22 charitable organizations, 19 corporations and other businesses, and 3 high-net-worth individuals.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 17 June 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Ipex offer?","answer":"Ipex provides portfolio management for individuals and small businesses, portfolio management for institutions, and pension consulting.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How many financial advisors does Ipex have?","answer":"Ipex has 3 investment adviser representatives registered with state securities authorities, out of 3 employees, and 2 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Ipex invest in?","answer":"At the end of its last fiscal year, Ipex’s separately managed accounts held 100% registered funds (mutual funds, ETFs, BDCs).","source":"Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Ipex?","answer":"Ipex’s direct owner is Shale Lapping (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 17 June 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Ipex get paid?","answer":"Ipex is paid through a percentage of assets under management and fixed fees. 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Ipex?","answer":"Ipex’s main office is at 156 West Liberty Street, Plymouth, MI 48170-1315. Its phone number is 734-451-0777.","source":"Form ADV Part 1A, Item 1.F, filed 17 June 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}