Robert A. Underhill P.C.

Robert A. Underhill P.C. provides investment advisory services to individuals, trusts, and estates and predominantly serves high-net-worth clients. The firm does not directly manage client portfolios; instead it refers clients to and advises on the selection and replacement of third‑party investment managers and assists with ongoing oversight.

The firm’s role centers on due diligence, periodic reviews, and coordinating with third‑party managers who make day‑to‑day investment decisions and execute trades. Clients receive account statements and fee invoices from independent custodians and the third‑party managers rather than portfolio reports prepared by RAUPC, and RAUPC does not have trading authority or the ability to deduct fees from client accounts.

RAUPC is associated with accounting and tax services through the principal’s other business activities and his role as a CPA and tax advisor, which may be relevant for clients seeking integrated tax and investment referral arrangements. Unlike most peers, the firm is compensated by the third‑party managers (typically as a portion of the manager’s advisory fee) rather than by charging clients a direct percentage‑of‑assets‑under‑management, a structure that clients should review for potential conflicts disclosed in the third‑party managers’ brochures.