L. ROY PAPP & ASSOCIATES, LLP

CRD 105130File 801-35594

APPROVED

Retail clients

Custody

Filing as of May 27, 2026

Feed vintage Aug 17, 2026

Regulatory AUM

$1.62B

Top 25% of cohort (national)

Discretionary AUM

$1.36B

Non-discretionary $263.8M

Clients

576

1,847 accounts

Employees

Top 25% of cohort in AZ

Identity & registration

ADV Item 1

Organization form: Limited Liability Partnership
Firm type: Registered
SEC region: LARO
Registration date: Oct 1, 1989
Principal office: 2201 E. CAMELBACK ROAD, SUITE 227B, PHOENIX, AZ, 85016
Phone: 602-956-0980
Website: HTTP://WWW.ROYPAPP.COM

Assets & accounts

ADV Item 5F

Total regulatory AUM: $1.62B
Discretionary AUM: $1.36B
Non-discretionary AUM: $263.8M
Discretionary accounts: 1,416
Non-discretionary accounts: 431
Total accounts: 1,847
AUM per client: $2.8M

Clients by type

ADV Item 5D

Client type	Clients	AUM
Other	7	$13.0M
Investment companies	1	$44.1M
Charitable organizations	13	$66.9M
High net worth individuals	276	$1.34B
Pension and profit sharing plans	6	$31.5M
Individuals (other than high net worth individuals)	273	$128.8M

Compensation & activities

ADV Items 5E, 5G

Compensation

A percentage of assets under your management

Advisory activities

Portfolio management for other
Portfolio management for businesses
Portfolio management for investment companies
Portfolio management for individuals and/or small businesses

Custody

ADV Item 9

Firm Custody Cash: Yes
Firm Custody Assets: No
Firm Custody Clients: No
Firm Custody Securities: Yes
Related Person Custody Cash: No
Related Person Custody Assets: No
Related Person Custody Clients: No
Related Person Custody Securities: No

Disclosure events

ADV Item 11

This firm answered no to every Item 11 disclosure question in this filing.

Filed changes

Date	Field	From	To
Aug 12, 2026	Registration	—	APPROVED

Every value above is reproduced from this firm's Form ADV filing. Fields the firm left blank are shown as “Not reported” rather than filled in from other sources.