Pma Asset Management, LLC

CRD#301973
Investment Advisor Firm

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Learn more about Pma Asset Management, LLC

  • Overview
  • By the Numbers
  • Products and Services
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations
  • Firm Advisors

    • Overview

    Pma Asset Management, LLC operates as a financial advisory firm headquartered in Naperville, Illinois. The firm controls $20.2 billion in assets under management across 543 accounts, making it one of the biggest financial advisory firms in the country by assets under management (AUM). It has an average-sized team, including 59 financial advisors. Pma Asset Management, LLC is not a registered broker-dealer, meaning the firm cannot buy and sell securities for its clients' and own accounts and instead is required to go through a broker-dealer company to do so. Securities are defined as tradable fiscal assets like bonds, equities and options.

    Pma Asset Management, LLC administers more than half of its accounts in a discretionary manner. Discretionary management means that a portfolio manager makes buy and sell choices for the client's account without needing to seek the customer's approval. The company also oversees 10 non-discretionary accounts with a total of $173.8 million in assets under management. The advisory firm oversees an average of $37.2 million for each account. An average financial advisor at Pma Asset Management, LLC administers about nine client accounts, placing it among the more personalized advisor firms in the country.

    The firm's main office is at 2135 Citygate Lane, Naperville, Illinois 60563. Pma Asset Management, LLC is legally permitted to serve customers throughout 15 U.S. states and territories.

    Assets Under Management

    $20.2 billion

    Number of Advisors

    59

    Disclosures

    No

    Office Location

    2135 Citygate Lane
    Naperville, IL 60563

    Pma Asset Management, LLC by the Numbers

    Total Assets Under Management

    $20.2 billion

    National Average: $8.6 billion
    Total Number of Employees

    69

    National Average: 64
    Total Number of Accounts

    543

    National Average: 375,227
    Average Account Size

    $37.2 million

    National Average: $23.0 thousand
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    Products and Services

    Pma Asset Management, LLC provides multiple financial services, which can consist of portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for institutional clients and selection of other advisers. Notably, it did not provide financial planning services to any of its accounts in the previous financial year. The company does not sell products or offer services other than investment advice to its investment advisory customers. It also has a number of financial industry affiliations, including with a broker-dealer or securities dealer and insurance company or agency.

    Core Advisor Services

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      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 46% 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

    • Offered by 20% of firms

      Selection of Other Advisors

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

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      Publication of Periodicals

      This is the publication of various financial education materials.

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      Educational Seminars/Workshops

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

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    Fee Structure

    Fees charged by financial advisors largely depend on which services the firm provides the client. Fees charged by Pma Asset Management, LLC typically consist of the following fee type: asset-based. Wrap fee programs, or the practice of bundling services for a single fee, are not provided by Pma Asset Management, LLC.

    Available

    • Offered by 69% of firms

      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.

    Unavailable

    • Find one of the 21% 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 1% 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 26% 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 0% 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 32% of firms that offer this fee type

      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.

    • Find one of the 10% 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

    Pma Asset Management, LLC manages money for a broad range of clients. It works with retail investors, high net worth investors, pooled investment vehicles, charitable organizations, state or municipal government entities, other investment advisers, insurance companies, corporations and other. Out of its 543 accounts, Pma Asset Management, LLC's largest client group is state or municipal government entities, but it also caters to 12 high-net-worth individuals. The SEC defines a high-net-worth individual as an investor who has at least $750,000 in AUM or a net worth of more than $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). None of its accounts are represented by people from outside of the U.S.

    • High-Net-Worth Individuals* - 8.05%
    • Other Individuals - 6.04%
    • Corporations - 81.21%
    • Charitable Organizations - 4.7%

    * 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

    Pma Asset Management, LLC does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Pma Asset Management, LLC

    Michael Marino
    Naperville, IL
    Dean Dibias
    Minneapolis, MN
    Alejandro Alanis
    Naperville, IL
    Kenneth Shuler
    Naperville, IL
    John Huber
    Minneapolis, MN
    Thomas Lanzara
    Naperville, IL
    Caleb Walter
    Naperville, IL
    Jaime Santana Romero
    Naperville, IL
    Benjamin Nordin
    Naperville, IL

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