The Adviser

 

About L. Roy Papp & Associates, LLP, adviser to the fund

L. Roy Papp & Associates, LLP was founded in 1978 in Phoenix, AZ and is a registered investment adviser serving a broad base of clients including high net worth, pension & profit sharing, charitable and corporate. The firm specializes in providing comprehensive wealth management services that are uniquely structured to each client’s financial situation, investment goals and advisory needs.

The firm has a stable team of highly qualified investment professionals with a broad range of expertise across various areas of investment practice. There are nine partners with an average of over 25 years’ experience. Eight of the professionals within L. Roy Papp & Associates, LLP hold the Chartered Financial Analyst® designation and one is a Certified Public Accountant.

 

HARRY A. PAPP, CFA - MANAGING PARTNER
  • Joined L. Roy Papp & Associates, LLP in 1981
  • Financial professional since 1978
  • Prior experience – G.D. Searle & Co.
  • M.B.A., University of Chicago
  • M.S., University of Chicago
  • A.B., Brown University

Rosellen Papp
ROSELLEN C. PAPP, CFA - PARTNER
  • Joined L. Roy Papp & Associates, LLP in 1981
  • Financial professional since 1978
  • Prior experience – G.D. Searle & Co.
  • M.M., Northwestern University
  • B.B.A., University of Michigan

JEFFREY N. EDWARDS, CFA - PARTNER
  • Joined L. Roy Papp & Associates, LLP in 1987
  • Financial professional since 1982
  • Prior experience – First Tier Bank of Lincoln, Nebraska
  • M.B.A., University of Nebraska
  • B.A., Hastings College

VICTORIA S. CAVALLERO, CFA - PARTNER
  • Joined L. Roy Papp & Associates, LLP in 1987
  • Financial professional since 1981
  • M.B.A., Western International University
  • B.S., Western International University

JULIE A. HEIN, CPA - PARTNER
  • Joined L. Roy Papp & Associates, LLP in 1990
  • Financial professional since 1984
  • Prior experience – Thomas, Zollars & Lynch, Ltd.
  • B.S., Montana State University

RUSSELL A. BIEHL - PARTNER
  • Rejoined L. Roy Papp & Associates, LLP in 2015
  • Finance professional since 1985
  • Prior experience - Classic Investment Management, RTS Private Wealth Management, Harris Bank, Bank of America and Valley National Bank of Arizona
  • M.B.A., Arizona State University
  • B. S., Arizona State University
BRIAN RIORDAN, CFA- PARTNER
  • Joined L. Roy Papp & Associates, LLP in 2004
  • Financial professional since 1997
  • Prior experience – Neuberger Berman, Sanford C. Bernstein, IBM
  • M.B.A., Arizona State University
  • B.S., Villanova University

CHRISTOPHER L. SCHAEFER, CFA - PARTNER
  • Joined L. Roy Papp & Associates, LLP in 2005
  • Financial professional since 1997
  • Prior experience – Wells Fargo Private Client Services
  • B.S., Arizona State University

GREG SMITH, CFA - PARTNER
  • Joined L. Roy Papp & Associates, LLP in 2005
  • Financial professional since 1996
  • Prior experience – Barclays Global Investors, Caremark, Sun Health Corp.
  • M.B.A., Arizona State University
  • B.S., Santa Clara University

 

 
Investment Team

The Adviser

Strategy  


COMMITTMENT TO
THE
COMMUNITY

At L. Roy Papp &
Associates., we believe in the importance of civic involvement. Our partners and staff actively participate with the following organizations:

All Saints Lutheran Church


Arizona 5 Arts Circle
Arizona Regional Building Committee 1
Arizona State Board of Investment
Arizona State University Foundation
Arizona State University SIM Fund - Advisory Board
Blue Cross Blue Shield
Boy Scouts of America - Grand Canyon Council
CFA Institute
CFA Society Phoenix
Childrens Cancer Network
Community Health Charities
Copper Ridge School
Desert Botanical Garden
Digital Antiquities
Flinn Foundation
Girl Scouts Arizona – Cactus Pine
Hidden Hills Elementary
Institute of Human Origins
Live Love
Old Scottsdale Youth Baseball
Our Lady of Perpetual Help School
Phoenix Art Museum
Phoenix Zoo
Southwest Center for HIV/AIDS
Valley of the Sun YMCA
Wharton Foundation

 

 

 
About Us
Investment Team
The Adviser
Strategy
Papp Small & Mid-Cap Fund
Overview
Performance
Invest with Us
How to Invest
Literature
Contact


 
 

L. Roy Papp & Associates, LLP | 2201 E. Camelback Road, Suite 227B, Phoenix, AZ 85016 | P 602.956.0980 | F 602.956.1985
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Mutual fund investing involves risk, including the potential loss of principal.

Small and mid‐sized companies may offer the potential for higher returns, but are also subject to greater short‐term price fluctuations than larger, more established companies. The Fund invests in a limited number of securities and, as a result, the Fund's performance may be more volatile than the performance of other funds, holding more securities. At times, the Fund's investments may represent industries or industry sectors that are interrelated or have common risks, making it more susceptible to any economic, political, or regulatory developments or other risks affecting those industries and sectors.

Distributed by Ultimus Fund Distributors, LLC


The banner image is from a painting by Ed Mell that hangs in the firm's office.