{ "crd_number": 124337, "slug": "ipex-inc-plymouth-mi-124337", "primary_business_name": "IPEX, INC.", "legal_name": "IPEX, INC.", "dbas": [], "city": "Plymouth", "state": "MI", "country": "United States", "cbsa_code": "19820", "metro": { "cbsa_code": "19820", "common_name": "Detroit", "msa_name": "Detroit-Warren-Dearborn, MI", "path": "/advisors/mi/detroit" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "2010-09-23", "years_registered": 16, "period": "2026-10-01", "filing_date": "2026-06-17", "carried_forward": false, "raum_total": 2654083361.0, "raum_discretionary": 1575142224.0, "raum_non_discretionary": 1078941137.0, "raum_band": "1b_5b", "raum_band_label": "$1 billion to $5 billion", "total_employees": 3, "advisory_employees": 2, "client_count_bucket": "fewer_than_5_in_some_types", "clients_by_type": { "charitable": { "raum": 2062261343.0, "count": 22 }, "high_net_worth_individuals": { "raum": 57999045.0, "count": 3, "fewer_than_5": true }, "corporations_other_businesses": { "raum": 533822973.0, "count": 19 } }, "compensation_types": [ "fixed", "percentage_of_aum" ], "advisory_activities": [ "other", "pension_consulting", "portfolio_management_businesses_institutional", "portfolio_management_individuals" ], "wrap_fee_participant": false, "disclosure_yes_count": 0, "states_registered": [ "MI", "NY" ], "websites": [ "https://ipexusa.com" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/124337", "city_as_filed": "PLYMOUTH", "url": "https://advisorcensus.com/firm/ipex-inc-plymouth-mi-124337", "display_name": "Ipex, Inc.", "summary": "Ipex, Inc. is an SEC-registered investment advisory firm in Plymouth, MI, registered since 2010, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated June 17, 2026.", "citation": "AdvisorCensus. Ipex, Inc. (CRD 124337): Form ADV filing data as of October 2026.", "registration_type_label": "SEC-registered investment adviser", "compensation_labels": [ "A percentage of assets under your management", "Fixed fees (other than subscription fees)" ], "advisory_activity_labels": [ "Portfolio management for individuals and/or small businesses", "Portfolio management for businesses (other than small businesses) or institutional clients", "Pension consulting services", "Other" ], "quick_answers": [ { "q": "How is Ipex, Inc. compensated?", "a": "On its Form ADV (Item 5.E, October 2026), Ipex, Inc. reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees)." }, { "q": "Where is Ipex, Inc. located?", "a": "Ipex, Inc.'s principal office is in Plymouth, MI, according to its Form ADV." }, { "q": "Is Ipex, Inc. registered with the SEC or a state?", "a": "Ipex, Inc. is an SEC-registered investment advisory firm, registered since 2010. Status as filed: Approved. CRD 124337." }, { "q": "How much does Ipex, Inc. manage?", "a": "Ipex, Inc. reports $2,654,083,361 in regulatory assets under management in its Form ADV filing dated June 17, 2026 (59% discretionary)." }, { "q": "How have Ipex, Inc.'s assets and staff changed since 2021?", "a": "In the Form ADV data for Ipex, Inc.: Regulatory assets under management: $1,947,968,812 in the October 2021 data and $2,654,083,361 in the October 2026 data, up 36%. Total employees: 5 in October 2021 and 3 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does Ipex, Inc. serve?", "a": "By number of clients on Form ADV Item 5.D: charitable organizations (22); corporations or other businesses not listed above (19); high net worth individuals (3)." }, { "q": "Does Ipex, Inc. report any disciplinary disclosures?", "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/124337" }, { "q": "What changed in Ipex, Inc.'s recent Form ADV filings?", "a": "In the May 2026 filing data: Regulatory assets under management went from $2,238,571,062 to $2,654,083,361 (+19%)." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 1947968812.0, "total_employees": 5, "filing_date": "2021-03-25" }, { "period": "2022-10-01", "regulatory_assets_under_management": 2176591026.0, "total_employees": 5, "filing_date": "2022-03-31" }, { "period": "2023-10-01", "regulatory_assets_under_management": 1813719248.0, "total_employees": 5, "filing_date": "2023-03-23" }, { "period": "2024-10-01", "regulatory_assets_under_management": 2025333472.0, "total_employees": 3, "filing_date": "2024-03-27" }, { "period": "2025-10-01", "regulatory_assets_under_management": 2238571062.0, "total_employees": 3, "filing_date": "2025-03-31" }, { "period": "2026-10-01", "regulatory_assets_under_management": 2654083361.0, "total_employees": 3, "filing_date": "2026-06-17" } ], "recent_changes": [ { "period": "2026-05-01", "period_label": "May 2026", "notes": [ "Regulatory assets under management went from $2,238,571,062 to $2,654,083,361 (+19%)." ] } ], "fees_from_brochure": null, "custodians": [], "custodians_note": null, "markdown_url": "https://advisorcensus.com/firm/ipex-inc-plymouth-mi-124337.md", "clients": [ { "type": "high_net_worth_individuals", "label": "High net worth individuals", "count": 3, "fewer_than_5": true, "raum": 57999045.0 }, { "type": "charitable", "label": "Charitable organizations", "count": 22, "fewer_than_5": false, "raum": 2062261343.0 }, { "type": "corporations_other_businesses", "label": "Corporations or other businesses not listed above", "count": 19, "fewer_than_5": false, "raum": 533822973.0 } ], "disclosure_line": "Reports no disclosure items on Form ADV Item 11.", "disclosure_items": [], "indexable": true, "suppressed": false, "claimed": false, "enhanced": false, "provided_by_the_firm": null, "source": { "name": "Form ADV", "as_of": "2026-10-01", "iapd_url": "https://adviserinfo.sec.gov/firm/summary/124337", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }