Overview
                                    
                                    
                                        
                                            FORM ADV Part 2A, Item 4 
Firm Description & Principal Owners 
Lafayette Investments, Inc (Lafayette) is a SEC-registered investment adviser with its principal 
places of business located in Maryland. Lafayette began conducting business in 1988.  Our 
firm’s shareholders are: 
• Scott H. Dinn- Vice-President and Director 
• Mark M. Hughes- Vice-President and Director 
• Ryan M. Klinger 
• Lawrence Judge- President and Director 
• Robert A. Noyes- Treasurer 
Advisory Services 
Our firm provides investment advisory services to our clients based on the individual needs of 
the client.  Our clients execute an investment advisory agreement with Lafayette and as part of 
this agreement the client grants Lafayette full investment discretion authority to determine the 
selection, timing and amount of security transactions.  Lafayette does not act as a custodian of 
client assets.  The client always maintains asset control. 
During our data-gathering process, we determine the client’s individual objectives, time 
horizons, risk tolerance, and liquidity needs. As appropriate, we also review and discuss a client's 
prior investment history, as well as family composition and background.  Assets are allocated 
among stocks, bonds and money market instruments based on the client’s requirements.  No two 
clients are alike in their requirements and the portfolios we construct will vary from client to 
client based on those differences. 
 
Types of Investments 
Our investment recommendations generally include advice regarding the following securities: 
• Exchange-listed securities 
• Securities traded over-the-counter 
• Foreign issuers 
• Corporate debt securities  
• Municipal securities 
• Mutual fund shares 
• United States governmental securities 
Retirement Rollovers Conflicts of Interest 
If we provide investment advice to a retirement plan account or individual retirement account, 
we are fiduciaries within the meaning of Title I of the Employee Retirement Income Security Act 
and/or the Internal Revenue Code, as applicable, which are laws governing retirement accounts.  
The way we make money
                                        
                                        
                                             creates some conflicts with your interests, so we operate under a 
special rule that requires us to act in your best interest and not put our interests ahead of yours. 
Under this special rule’s provisions, we must: 
•  Meet a professional standard of care when making investment recommendations (give 
prudent advice); 
•  Never put our financial interests ahead of yours when making recommendations (give 
loyal advice); 
•  Avoid misleading statement about conflicts of interest, fees, and investments; 
•  Follow policies and procedures designed to ensure that we give advice that is in your best 
interest; 
•  Charge no more than is reasonable for our services; and 
•  Give you basic information about conflicts of interest 
When a client or perspective client leaves employment with an existing retirement plan they will 
typically have the following four options: (1) Leave the money in the employer’s plan (if 
permitted), (2) Roll the assets to a new employer plan (if one is available and rollovers are 
permitted), (3) Roll the assets to an Individual Retirement Account (IRA), or (4) Cash out the 
account value.  If Lafayette recommends a rollover of the retirement plan assets to an account 
managed by Lafayette, this recommendation creates a conflict of interest.  Lafayette charges an 
investment advisory fee based on the assets we manage.  Rolling assets into a new managed 
account or adding assets to an existing account will increase the fee paid to Lafayette, creating an 
incentive to encourage the addition of assets.  For additional information about conflicts of 
interest please see our Client Relationship Summary (Form CRS) and/or sections 10,11 and 12 of 
this brochure. 
Clients may provide restrictions on the inclusion of specific securities or industries in their 
accounts.  Clients may also direct Lafayette to sell or avoid selling specific securities.  Account 
supervision is guided by the client's stated objectives as well as tax considerations.  
Assets Under Management 
As of December 31, 2023, Lafayette manages approximately $773,600,000 in discretionary 
client assets.  We do not offer advisory services on a non-discretionary basis.