Overview
Investment Research Partners LLC (“IRP”) provides sub-advisory and consulting services to other
investment advisers (“Adviser Client”) in an effort to enhance Adviser Clients’ investment offerings.
IRP has been in business as an independently registered investment adviser since June 2019.
Investment Research Partners LLC is principally owned by Martin Wildy, Geoffrey Caber, Brett
Greenfield and Derek Varner (“Principals”). IRP does utilize the business name “New Lantern
Advisors” due to the New Lantern Hedged Equity Fund relationship further described in Item 10.
Asset Management
IRP provides discretionary sub-advisory services for Adviser Clients. In these instances, IRP enters
into advisory agreements directly with the Adviser Client and IRP assists the Adviser Client in the
implementation of investment portfolios. Under these arrangements, IRP is granted limited trading
discretionary investment authority over assets the Adviser Client assigns to IRP. Any authority of IRP
only applies to specific assets for which IRP has been appointed as the discretionary manager. IRP
does not have any advisory responsibility to the client of the Adviser Client, beyond the assets for
which IRP is appointed as a sub-advisor.
Financial Consulting
IRP may contract directly with and receive payments from other registered investment advisers to
provide investment advisory consulting services to the clients of those contracted financial institutions.
Such contractual
engagements do not include assuming discretionary authority over brokerage
accounts or the monitoring of securities positions. Services offered to Adviser Clients may include a
general review of client investments holdings, which may or may not result in an IRP investment
adviser representative making specific securities recommendations or offering general investment
advice. Additionally, Adviser Clients may receive customized model recommendation from IRP that
the Adviser Client in their sole discretion may decide to implement.
Consulting Services
IRP may provide consulting services to Adviser Clients, private funds, and individuals that work at
non-affiliated companies (including investment and non-investment related matters, including estate
planning, retirement planning, tax planning, marketing consulting for private companies, etc.).
Consulting services may also be offered to individuals at other investment advisors. Prior to engaging
IRP to provide planning or consulting services, Adviser Clients and individuals are generally required
to enter into a written agreement with IRP setting forth the terms and conditions of the engagement
(including termination), describing the scope of the services to be provided, and the portion of the fee
that is due from the Adviser Client and individuals prior to IRP commencing services.
Assets Under Management
As of December 31, 2023, IRP manages approximately $300,801,708 on a discretionary basis
including FPIF and FGIF.