# Investment Research Partners

> Investment Research Partners is an SEC-registered investment advisory firm in Lemont, PA, registered since 2019, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated March 26, 2026.

- CRD: 304315
- Filed as: INVESTMENT RESEARCH PARTNERS
- Legal name: Investment Research Partners LLC
- Also doing business as: NEW LANTERN ADVISORS
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Lemont, PA
- Filing period: October 2026
- Form ADV filing dated: March 26, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/304315
- AdvisorCensus page: https://advisorcensus.com/firm/investment-research-partners-lemont-pa-304315

## Quick answers

**How is Investment Research Partners compensated?**
On its Form ADV (Item 5.E, October 2026), Investment Research Partners reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees); performance-based fees.

**How much does Investment Research Partners charge?**
Its Form ADV Part 2A brochure dated March 26, 2026 states: Subscription: $1,500 to $15,000 a month (fixed fee for Sub-Advisory Services). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Investment Research Partners located?**
Investment Research Partners' principal office is in Lemont, PA, according to its Form ADV; the April 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is Investment Research Partners registered with the SEC or a state?**
Investment Research Partners is an SEC-registered investment advisory firm, registered since 2019. Status as filed: Approved. CRD 304315.

**How much does Investment Research Partners manage?**
Investment Research Partners reports $512,374,995 in regulatory assets under management in its Form ADV filing dated March 26, 2026 (83% discretionary).

**How have Investment Research Partners' assets and staff changed since 2021?**
In the Form ADV data for Investment Research Partners: Regulatory assets under management: $299,100,689 in the October 2021 data and $512,374,995 in the October 2026 data, up 71%. Total employees: 5 in October 2021 and 6 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Investment Research Partners serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (3).

**Does Investment Research Partners report any disciplinary disclosures?**
Reports 1 disclosure item on Form ADV Item 11: yes answers to 11.D(2) (another regulator's finding of a violation). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/304315

**What changed in Investment Research Partners' recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $359,601,103 to $512,374,995 (+42%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)
- Performance-based fees

### Fees and minimums (Form ADV Part 2A brochure dated March 26, 2026)

- Subscription: $1,500 to $15,000 a month (fixed fee for Sub-Advisory Services)

> Adviser Clients may also pay a fixed fee ranging from $1,500 to $15,000 per month dependent upon the scope of services and the size of the Adviser Client.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Regulatory assets under management (Item 5.F)
- Total: $512,374,995
- Discretionary: $427,302,171
- Non-discretionary: $85,072,824

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 3 | $85,072,824 |
| Other investment advisers | Fewer than 5 | $427,302,171 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients
- Other

### Firm details
- Registered since: 2019 (7 years)
- Employees: 6 total, 4 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: FL, GA, NY, PA, VA
- Disclosures (Item 11): Reports 1 disclosure item on Form ADV Item 11.

### Item 11 questions answered yes
- 11.D(2): Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/304315

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- Saratoga Springs, NY

### Websites listed on Form ADV (Item 1.I)
- investmentresearchpartners.com
- newlanterncapital.com
- LinkedIn @investment-research-partnership-irp-

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $299,100,689 | 5 | April 7, 2021 |
| October 2022 | $406,068,728 | 7 | July 18, 2022 |
| October 2023 | $276,217,044 | 7 | August 18, 2023 |
| October 2024 | $300,801,708 | 6 | July 12, 2024 |
| October 2025 | $359,601,103 | 6 | April 30, 2025 |
| October 2026 | $512,374,995 | 6 | March 26, 2026 |

Regulatory assets under management: $299,100,689 in the October 2021 data and $512,374,995 in the October 2026 data, up 71%.
Total employees: 5 in October 2021 and 6 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $359,601,103 to $512,374,995 (+42%).

### December 2025
- Registered or notice-filed in GA, VA.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Investment Research Partners (CRD 304315): Form ADV filing data as of October 2026.