Promus Capital, LLC
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Overview
Promus Capital, LLC is a financial advisory firm that has its headquarters in Chicago, Illinois. The firm controls $1.3 billion in total assets across 493 customer accounts, making it one of the largest firms in the nation by assets under management (AUM). The firm has a small group, including 9 financial advisors. Promus Capital, LLC is not a registered broker-dealer, meaning the company cannot buy and sell securities for its accounts and those of its customers and instead must go through a broker-dealer firm to do so. Securities are tradable fiscal assets like stocks, bonds and options.
Promus Capital, LLC manages the majority of its client assets in a discretionary manner. Discretionary management signifies that an investment advisor makes transaction choices for the client's account without requiring client consent. The company also oversees 26 non-discretionary accounts totaling $921.4 million in AUM. The advisory firm's average account size is $2.6 million. The typical financial advisor at Promus Capital, LLC oversees around 55 client accounts, placing it towards the middle in terms of personalization.
Promus Capital, LLC's central office is at 156 N. Jefferson St., Chicago, Illinois 60661. It is allowed to serve customers across a number of states, including Alabama, California, Colorado, Florida, Illinois and Texas.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Promus Capital, LLC by the Numbers
$1.3 billion
26
493
$2.6 million
Products and Services
Promus Capital, LLC provides a number of financial services, which can include financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients, selection of other advisers and other services. In the prior financial year, it provided financial planning services to 11-25 of its clients. The firm is involved in selling products or offering services different than investment advisory services to its clients. It also has a number of financial industry affiliations, including with a commodity pool advisor.
Core Advisor Services
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Offered by 31% 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.
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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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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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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.
Fee Structure
Financial advisory fees typically are based on the services offered. Fees charged by the firm likely consist of the following fee structures: asset-based or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not provided by the firm.
Available
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Offered by 69% of firms
Percentage of Assets
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Offered by 32% of firms
Fixed
Unavailable
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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
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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
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Find one of the 10% of firms that offer this fee type
Other
Types of Clients
The firm works with retail investors, high net worth investors and charitable organizations. Out of its 493 customers, Promus Capital, LLC's largest client group by number of accounts is high net worth investors, although it also serves 93 high-net-worth individuals. The SEC defines a high-net-worth individual as someone who has at least $750,000 in AUM 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 customers are from outside of the U.S.
- High-Net-Worth Individuals* - 76.86%
- Other Individuals - 18.18%
- Corporations - 0%
- Charitable Organizations - 4.96%
* 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
Promus Capital, LLC does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Promus Capital, LLC
Chicago, IL
Chicago, IL
Chicago, IL
Chicago, IL
Chicago, IL
Chicago, IL
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