20+
Years
of industry
experience
LP Investment Management (LPIM) serves as the dedicated Chief Investment Officer for families with complex, multi-asset wealth who do not maintain an internal investment office. The firm brings institutional discipline to portfolios built through real-world decisions, legacy positions, and trusted advisors, integrating what already exists rather than replacing it.
LPIM is a boutique, fee-only firm with no product sales, no AUM targets, and no third-party incentives. The advice is independent. The relationship is personal. Each engagement receives tailored attention and full strategic oversight.
Most families arrive with existing investments, long-standing advisor relationships, and positions that cannot simply be liquidated. Large institutional providers typically expect to build from a blank slate, consolidating assets and fitting clients into model portfolios. LPIM does the opposite. Existing private equity commitments, real estate partnerships, co-investments, and legacy holdings are evaluated honestly and integrated into a single coherent strategy, and existing relationships with brokers, banks, and private managers continue.
LPIM is fee-only, compensated through a flat retainer scaled to complexity rather than assets under management. There are no commissions, placement fees, or third-party incentives, and no proprietary products to sell. Because the fee is a flat retainer rather than an asset-based overlay, engaging LPIM does not create the fee stacking that often accompanies adding an advisor. As a registered investment adviser with the SEC, LPIM owes a fiduciary duty to act with loyalty and care, placing client interests first.
The least transparent positions in most portfolios are the ones sourced privately, through personal and professional networks: private equity, credit, real estate partnerships, co-investments, and energy. These are precisely the positions a traditional platform is often unable to recommend, evaluate, or monitor. LPIM applies a consistent institutional diligence framework to them, so that each opportunity is assessed objectively, sized appropriately, and declined when warranted.
LPIM deliberately serves a small number of families so that each relationship receives full attention. The mandate is investment management only. LPIM works alongside each family’s existing tax, legal, and estate advisors rather than displacing them.
LPIM offers structure but accommodates each clients unique needs. LPIM complements – not replaces – clients’ existing manager relationships, enhancing what’s already working.
Every engagement begins with an in-depth conversation to understand goals, risk appetite, liquidity needs, time horizon, and the specific interests that shape a family’s portfolio. This is not a one-time exercise but a continuing dialogue as circumstances change.
LPIM designs an allocation strategy that reflects the family’s priorities and constraints. Diversification is treated not as a slogan but as a discipline for reducing fragility and preserving wealth across market cycles.
Strategy becomes action through phased pacing. LPIM staggers capital commitments to manage timing risk, maintain flexibility, and budget liquidity across the portfolio.
LPIM sources and evaluates managers, both institutional and entrepreneurial, across asset classes, drawing on a long-standing network. The firm also serves as an independent third-party evaluator of opportunities a family sources on its own.
LPIM applies a consistent diligence framework across asset classes, examining not only track record, fees, and risk, but whether each opportunity fits the overall strategy, judged in the context of the whole portfolio rather than in isolation.
LPIM provides a consolidated view of performance, exposures, commitments, and liquidity across the entire portfolio, on-platform and off. Monitoring includes regular manager reviews and proactive communication when material developments affect risk, liquidity, or strategy.
Alan Pierce is the founder of LP Investment Management. He has more than twenty years of experience stewarding complex family office portfolios, with deep experience across public equity, private equity, credit, venture capital, real estate, energy, and hedge funds. He has allocated to large institutional platforms and smaller entrepreneurial managers, invested alongside independent sponsors, and participated in direct private equity and private credit transactions.
Earlier in his career, Alan was an investment banker focused on mergers and acquisitions for private equity firms. He holds a B.A. from Washington & Lee University and both a J.D. and an M.B.A. from the University of Texas at Austin.
