Investment Planning Associates, Inc. (IPA) is a registered investment advisor under the jurisdiction of the U. S. Securities and Exchange Commission. IPA was founded in January 1990 for the purpose of providing sensible, low-cost financial planning and investment management services to individuals and small businesses. IPA uses no-load mutual funds as its primary investment vehicle, supplemented with individual blue chip stocks and bonds when appropriate. IPA’s objective is to deliver reasonable rates of return given each client’s risk/return objectives and prevailing market conditions.