by Jenn LoConte
DLP Capital Partners is proud to announce that we will be registering as an RIA or Registered Investment Advisor.
While some may believe that an RIA is a person, it is actually a firm or business that manages assets and provides investment advice to actual funds. Firms that manage funds with more than $25 million in assets under management are required to register as an RIA. The registration threshold for firms who manage private funds (like DLP) is $150 million in assets under management.
As a key benefit, being an RIA will provide DLP Capital Partners with the ability to manage its private funds with an unlimited amount of cash under management. Larry J. Hickernell, Jr., Senior Investor Success Manager, comments, “We will now have the ability to enter into larger institutional level relationships like Charles Schwab and Fidelity since these larger lending platforms require their borrowers to have an RIA designation.” Additionally, DLP will have the ability to structure new funds in order to work with Investors who may not be accredited in a specific fund structure.
Hickernell continues, “This is a fantastic opportunity to further expand our investment offerings to a broader audience and help even more people achieve their financial dreams.”