Lipe & Dalton,Inc. (Syracuse)

Name: Lipe & Dalton,Inc.
Address: 103 E. Water Street, Syracuse, NY, 13202
Telephone: 315-428-8585

Lipe & Dalton,Inc. is a large advisory firm based in Syracuse. It manages $412.6 million of regulatory assets for 321 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdictions of Connecticut, Florida, Georgia, and 13 other states.

Lipe & Dalton provides portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Lipe & Dalton: assets under management

The assets under management (AUM) of Lipe & Dalton,Inc. is $412.6 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 665% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $412.6 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.29 million each.

Investments

The firm invests in exchange traded securities the most. They account for 80% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 15% of the firm’s portfolio. Investments in investment grade corporate bonds form 5% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Lipe & Dalton,Inc. 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 Patrick Dalton serves?

The only and largest group of clients of Patrick Dalton is high net worth individuals with 315 clients and $389.33 million of assets under management. Among the 9 most similar advisory firms, Lipe & Dalton has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $389.33 million for 315 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.

Lipe & Dalton doesn't advise any private funds.

Careers at Lipe & Dalton,Inc.

The company employs 2 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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.

Patrick Dalton has been acting as President since 1 Aug 2004.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Willard Charles Lipe	Chief executive officer	1 Aug 2004	50% - 75%	2997351
Patrick Dalton	President/chief compliance officer	1 Aug 2004	50% - 75%	2649397

Based in Syracuse

The principal office where Lipe & Dalton,Inc. performs its advisory services is located at 103 E. Water Street, Syracuse, NY 13202, 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 315-428-8585 or by fax 315-428-8589. The normal business hours are 8:30 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at lipeanddalton.com.