Pma Asset Management, LLC

CRD#301973
Investment Advisor Firm

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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.

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    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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The content in this profile was updated by SmartAsset on 4/16/2023. All advisor details come from publicly available data, and we cannot guarantee the accuracy of the content. We are unable to make individual profile updates. If you want your profile removed temporarily or permanently, please contact profile-compliance@smartasset.com.

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