Prudent Man Advisors, LLC (Naperville)

Name: Prudent Man Advisors, LLC
Address: 2135 Citygate Lane, Naperville, IL, 60563
Telephone: 630-657-6400

Prudent Man Advisors, LLC is a large advisory firm based in Naperville. It manages $6.48 billion of regulatory assets for 50 client accounts. It has been registered with the SEC as an adviser since 2019 and has operated in the jurisdictions of Colorado, Florida, Illinois, and 5 other states.

Prudent Man Advisors provides portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Prudent Man Advisors: assets under management

The assets under management (AUM) of Prudent Man Advisors, LLC is $6.48 billion. The firm's AUM has grown by 0% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $6.42 billion in discretionary accounts and $57.07 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $142.67 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $11.41 million.

Prudent Man Advisors has custody of $5.65 billion in cash and securities for 7 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in government bonds the most. They account for 71% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 14% of the firm’s portfolio. Investments in state and local bonds form 9% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Prudent Man Advisors, LLC 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 Prudent Man Advisors serves?

The firm provides services to insurance companies, pooled investment vehicles, corporations or other businesses, and state or municipal government entities. The largest group of clients of Prudent Man Advisors is pooled investment vehicles with 7 clients and $5.65 billion of assets under management. Among the 11 most similar advisory firms, Prudent Man Advisors has the 5th highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $6.48 billion for 32 clients. None of the firm’s clients are foreign persons or businesses.

Prudent Man Advisors doesn't advise any private funds.

Careers at Prudent Man Advisors, LLC

The company employs 44 people that are either part- or full-time employees. 84 percent of the employees work as investment advisers or researchers. 18 employees are registered as investment adviser representatives with the state securities authorities.

There are 2 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Llc Pma Acquisition joined the executive team most recently as the Member.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Lori Ann Ragus	Chief compliance officer and general counsel	1 Mar 2011	Other	5754738
James O'neill Davis	Chief executive officer	1 Mar 2012	Other	2660454
Jonathan Ray Martens	Financial and operations principal	1 Oct 2012	Other	4593466
Llc Pma Acquisition	Member	1 Apr 2019	75% - 100%	83-2194906

Indirect Owners

The SEC currently registers 10 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
L.P. Estancia Capital Partners Fund Ii	Member	1 Jan 2018	75% - 100%	83-5361023
L.P. Estancia Gp Ii	General partner	1 Jan 2018	Other	82-5347252
L.L.C. Estancia Ugp Ii	General partner	1 Jan 2018	Other	82-5340192
Danny Allan Kang	Managing director	1 Jan 2018	Other	2680496
Michael Casares Mendez	Managing director	1 Jan 2018	Other	2273279
Takashi Bayard Moriuchi	Managing director	1 Jan 2018	Other	2813291
Llc Estancia Fund Ii Pma Aggregator	Managing member	1 Oct 2018	25% - 50%	83-2243307
Llc Pma Equity Aggregator	Member	1 Oct 2018	75% - 100%	83-2229508
Llc Pma Intermediate Holdings	Member	1 Oct 2018	75% - 100%	83-2204671
Llc Pma Parent Holdings	Member	1 Oct 2018	75% - 100%	83-2216209

Based in Naperville

The principal office where Prudent Man Advisors, LLC performs its advisory services is located at 2135 Citygate Lane, Naperville, IL 60563, which is also the mailing address of the firm. An additional office of the firm is in St. Louis Park, MN. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 630-657-6400 or by fax 630-718-8701. The normal business hours are 8:00 am to 4:30 pm cst on Monday - Friday. You can find more information about the New York firm at pmanetwork.com.