Prism Investment Management, Inc

CRD#159382
Investment Advisor Firm

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Overview

Prism Investment Management, Inc operates as a financial advisor firm based in Scottsdale, Arizona. The firm handles $18.5 million in assets under management over 165 accounts. The company has a small team of three employees, all of whom are financial advisors. Prism Investment Management, Inc does not act as a registered broker-dealer, meaning it is not able to buy and sell securities for its own accounts as well as its customers' and instead is required to go through a broker-dealer company to do so. Securities are defined as exchangable fiscal investments such as stocks, bonds and options.

Prism Investment Management, Inc manages all of the company's client assets in a discretionary manner. Discretionary management means that buy and sell decisions are made by a portfolio manager without requiring client authorization. The firm's average account size is $112,121. $2,500,001 to $5,000,000 of its investments for financial planning services were in securities, with $1,000,001 to $2,500,000 invested in non-securities. The average financial advisor at Prism Investment Management, Inc manages around 55 client accounts, making it about average in terms of personalization.

The company's headquarters is located at 5020 E Shea Blvd, Scottsdale, Arizona 85254. The company is legally registered to serve customers throughout a few states, including Arizona and California.

Assets Under Management

$18.5 million

Number of Advisors

3

Fee Structure

Fixed

Disclosures

No

Office Location

5020 E Shea Blvd
Scottsdale, AZ 85254

Prism Investment Management, Inc by the Numbers

Total Assets Under Management

$18.5 million

National Average: $3.3 billion
Total Number of Employees

3

National Average: 4,943
Total Number of Accounts

165

National Average: 2,522
Average Account Size

$112.1 thousand

National Average: $1.3 million

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Products and Services

Prism Investment Management, Inc offers a variety of services, which can consist of financial planning services, portfolio management for individuals and small businesses and educational seminars. In the last financial year, Prism Investment Management, Inc provided 11-25 of its clients with financial planning services. Prism Investment Management, Inc is not involved in selling products or offering services apart from investment advice to its investment advisory clients.

Core Advisor Services

  • Offered by 45% of firms

    Financial Planning Services

    This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

  • Offered by 63% of firms

    Portfolio Management

    This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

  • Find a firm that offers this service

    Market Timing Services

    This is the practice of attempting to make short-term profits on investments by buying low and selling high.

Other Services

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    Selection of Other Advisors

    This is the firm's assistance with choosing other advisors to work with who may have different specialties.

  • Find a firm that offers this service

    Publication of Periodicals

    This is the publication of various financial education materials.

  • Offered by 10% of firms

    Educational Seminars/Workshops

    This is the hosting of seminars or workshops to educate investors on financial concepts.

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Fee Structure

A financial advisor's fees are based on the type of financial services offered. Fee types charged by the company typically consist of the following fee structures: fixed. The company does not participate in a wrap fee program, in which the company offers a bundle of services for a comprehensive fee. It can withdraw its expenses directly from client accounts.

Available

  • Offered by 40% of firms

    Fixed

    Show Explanation

    Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

Unavailable

  • Find one of the 75% of firms that offer this fee type

    Percentage of Assets

    Show Explanation

    This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

  • Find one of the 37% of firms that offer this fee type

    Hourly

    Show Explanation

    Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

  • Find one of the 3% of firms that offer this fee type

    Commissions

    Show Explanation

    Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

  • Find one of the 17% of firms that offer this fee type

    Performance-based

    Show Explanation

    Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

  • Find one of the 1% of firms that offer this fee type

    Subscription

    Show Explanation

    Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

  • Find one of the 12% of firms that offer this fee type

    Other

    Show Explanation

    Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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Types of Clients

Prism Investment Management, Inc works with retail investors and high net worth investors. Out of its 165 clients, Prism Investment Management, Inc's largest client type is retail investors, though it also caters to 14 high-net-worth individuals. The SEC defines a high-net-worth individual as an individual who has at least $750,000 under management or a net worth of more than $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the firm's clients are non-U.S. persons.

  • High-Net-Worth Individuals* - 15.22%
  • Other Individuals - 84.78%
  • Corporations - 0%
  • Charitable Organizations - 0%

* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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Disclosures

Prism Investment Management, Inc does not have any disclosures.

Please visit its Form ADV for more details.

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This content was compiled from the SEC and FINRA