Prentiss Smith & Company, Inc. (Brattleboro)

Name: Prentiss Smith & Company, Inc.
Address: 950 Western Avenue, Brattleboro, VT, 05301
Telephone: 802-254-2913

Prentiss Smith & Company, Inc. is a large advisory firm based in Brattleboro. It manages $395.86 million of regulatory assets for 571 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdictions of Arizona, California, Connecticut, and 12 other states.

Prentiss Smith & Company provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and publication of newsletters. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Prentiss Smith & Company: assets under management

The assets under management (AUM) of Prentiss Smith & Company, Inc. is $395.86 million. The firm's AUM has grown by 53% since the beginning of its operation, and $6.83 million of the total AUM is attributable to clients outside of the United States.

The firm manages $390.96 million in discretionary accounts and $4.89 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $693.2 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $699.17 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 60% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 15% of the firm’s portfolio. Investments in government bonds form 15% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Prentiss Smith & Company, Inc. for their services and products based on a percentage of assets under management. 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 Prentiss Charles Smith serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of Prentiss Charles Smith is individuals with 543 clients and $257.81 million of assets under management. Among the 7 most similar advisory firms, Prentiss Smith & Company has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $395.86 million for 571 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 2% of the firm’s clients are foreign persons or businesses.

Prentiss Smith & Company doesn't advise any private funds.

Careers at Prentiss Smith & Company, Inc.

The company employs 8 people that are either part- or full-time employees. 75 percent of the employees work as investment advisers or researchers. 3 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.

Prentiss Smith & Company, Inc. is owned by Prentiss Richardson Smith. Prentiss Charles Smith has been acting as President since 1 Sep 1982. Noah R. Smith Trust joined the executive team most recently as the Owner.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Prentiss Charles Smith	President/owner	1 Sep 1982	Other	867702
Thomas Leadly Porter	Director	1 Jul 1988	Other	4437962
Gertrude Walker Campbell	Sr. vice president	1 Jul 1989	Other	1761847
Gertrude M. Walker	Sr. vice president	1 Jul 1989	Other	1761847
Karlie Packard Borst	Secretary, vice president and chief compliance officer	1 Jul 1993	Other	2748793
Concetta Sanderson	Director	1 Feb 1996	Other	4437964
Richard D. Perra	Secretary	1 Jan 2001	Other	4437980
Martha Mcmahon Richardson	Director	1 Aug 2005	Other	5036095
Prentiss Richardson Smith	Director/owner	1 Aug 2005	Other	5033193
Elizabeth Richardson Smith	Owner	1 Jan 2006	Other	5254561
Noah R. Smith Trust	Owner	1 Dec 2006	Other	20-7202090
Aidan M. Smith Trust	Owner	1 Dec 2006	Other	20-7202095
Jazmin E. Smith Trust	Owner	1 Dec 2006	Other	20-7202102
Whitney P. Smith Trust	Owner	1 Dec 2006	Other	20-7202107

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Richard Aldis Epstein	Trustee	1 Dec 2006	Other	2062933

Based in Brattleboro

The principal office where Prentiss Smith & Company, Inc. performs its advisory services is located at 950 Western Avenue, Brattleboro, VT 05301, which is also the mailing address of the firm. An additional office of the firm is in Burlington, VT. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 802-254-2913 or by fax 802-257-7638. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at socialinvesting.com.