Prospector Partners Asset Management, LLC
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Overview
Prospector Partners Asset Management, LLC operates as a financial advisor firm that has its headquarters in Guilford, Connecticut. The company oversees $238.2 million in total assets throughout two customer accounts, making it a mid-tier firm in the United States by assets under management (AUM). The company has a small group, including 9 financial advisors. Prospector Partners Asset Management, LLC does not act as a registered broker-dealer, signifying that it is not able to buy and sell securities for its accounts and those of its customers and instead has to go through a broker-dealer company to do so. Securities are defined as exchangable fiscal investments like options, equities and bonds.
Prospector Partners Asset Management, LLC oversees all of its accounts on a discretionary basis. Discretionary management is a structure in which an investment advisor has the discretion to make transaction decisions for the client's account without needing client authorization. Prospector Partners Asset Management, LLC supervises an average of $119.1 million for each client account. The typical financial advisor at Prospector Partners Asset Management, LLC manages fewer than one client account, making it one of the most personalized advisor firms in the country.
The firm's central office is at 370 Church Street, Guilford, Connecticut 6437. It is legally registered to serve customers throughout 3 states, including Connecticut, Florida and Wyoming.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Prospector Partners Asset Management, LLC by the Numbers
$238.2 million
13
2
$119.1 million
Fee Structure
Financial advisory fees usually depend on which service is offered. Fees charged by the firm typically consist of the following fee structure: asset-based. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the firm.
Available
-
Offered by 69% of firms
Percentage of Assets
Unavailable
-
Find one of the 21% of firms that offer this fee type
Hourly
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Find one of the 1% of firms that offer this fee type
Commissions
-
Find one of the 26% of firms that offer this fee type
Performance-based
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Find one of the 0% of firms that offer this fee type
Subscription
-
Find one of the 32% of firms that offer this fee type
Fixed
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Find one of the 10% of firms that offer this fee type
Other
Types of Clients
It caters to investment companies. Out of its two clients, Prospector Partners Asset Management, LLC's largest client is investment companies. None of the firm's accounts are represented by non-U.S. persons.
- High-Net-Worth Individuals* - 0%
- Other Individuals - 0%
- Corporations - 100%
- 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
Prospector Partners Asset Management, LLC does not have any disclosures.
Please visit its Form ADV for more details.
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