Prophet Equity Management LLC (Southlake)

Name: Prophet Equity Management LLC
Address: 1460 Main Street, Southlake, TX, 76092
Telephone: 817-898-1500

Prophet Equity Management LLC is a large advisory firm based in Southlake. It manages $337.63 million of regulatory assets for 1 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of Texas.

Prophet Equity Management provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Prophet Equity Management: assets under management

The assets under management (AUM) of Prophet Equity Management LLC is $337.63 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 6% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $337.63 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $337.63 million each.

Prophet Equity Management has custody of $337.63 million in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Prophet Equity Management LLC for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Prophet Equity Management serves?

The only and largest group of clients of Prophet Equity Management is pooled investment vehicles with 1 clients and $337.63 million of assets under management. Among the 12 most similar advisory firms, Prophet Equity Management has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $337.63 million for 1 clients. None of the firm’s clients are foreign persons or businesses.

Prophet Equity Management also advises several private funds. Namely, one private equity fund. The minimum investment commitment required of non-related persons is $5,000,000 for each fund.

Careers at Prophet Equity Management LLC

The company employs 14 people that are either part- or full-time employees. 36 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Ross Gatlin	Manager, chief executive officer and member	1 Dec 2008	50% - 75%	6048336
George Stelling	Member	1 Dec 2008	25% - 50%	6048342
Stephanie Fine	Chief compliance officer	1 Mar 2012	Other	6049404

Based in Southlake

The principal office where Prophet Equity Management LLC performs its advisory services is located at 1460 Main Street, Southlake, TX 76092, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 817-898-1500 or by fax 817-898-1509. The normal business hours are 8:30 a.m. - 5:30 p.m. on Monday - Friday. You can find more information about the New York firm at prophetequity.com.