Heaphy Investments, LLC

Heaphy Investments, LLC is a fee-only, independent registered investment adviser that provides discretionary portfolio management to individuals (including high net worth clients), retirement plans, trusts, estates, charitable organizations, and business entities. The firm also coordinates trust administration and tax/administrative/executor support through affiliated d/b/a entities, each offered under separate client agreements.

Heaphy Investments develops individualized investment policies through personal discussions and periodic reviews, and implements those policies using a mix of fundamental and technical analysis with both long- and short-term strategies; margin transactions may be used when appropriate. Accounts are managed on a discretionary basis and the firm typically places custody and execution with a major institutional custodian from which it receives custodial and practice-support benefits.

Notable distinctions include the firm’s provision of private trustee services and integrated tax/executor support via affiliated businesses—arrangements that can create conflicts of interest the firm discloses and seeks to mitigate through policies and procedures—and the fact that trustee accounts may be subject to surprise examinations by a public accounting firm under PCAOB rules. The firm operates with a small advisory team managing roughly $67 million across under 100 client relationships, maintains some legacy fixed-fee arrangements for longstanding clients, and does not accept commissions.