Protective Investment Advisors Inc. (Birmingham)

Protective Investment Advisors Inc. is a large advisory firm based in Birmingham. It manages $950.5 million of regulatory assets for 1 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdiction of Alabama.

Protective Investment Advisors provides portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Protective Investment Advisors: assets under management

The assets under management (AUM) of Protective Investment Advisors Inc. is $950.5 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -41% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $950.5 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $950.5 million each.

Investments

The firm invests in government bonds the most. They account for 52% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 22% of the firm’s portfolio. Investments in other assets form 19% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Protective Investment Advisors 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 Steven Glen Walker serves?

The only and largest group of clients of Steven Glen Walker is insurance companies with 1 clients and $950.5 million of assets under management. Among the 10 most similar advisory firms, Protective Investment Advisors has the highest percentage of insurance companies out of all clients.

The amount of regulatory assets under management is $950.5 million for 1 clients. None of the firm’s clients are foreign persons or businesses.

Protective Investment Advisors doesn't advise any private funds.

Careers at Protective Investment Advisors Inc.

The company employs 22 people that are either part- or full-time employees. 73 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.

Steven Glen Walker has been acting as President since 1 Oct 2005. Limited The Dai Ichi Life Insurance Company joined the executive team most recently as the Sole Shareholder Of Protective Life Corporation.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Protective Life Corporation	Sole shareholder	1 Aug 1993	75% - 100%	95-2492236
Carolyn King	Secretary,chief compliance officer, director	1 Feb 1997	Other	859759
Steven Manley Callaway	Director and counsel	1 Feb 1997	Other	2863190
Steven Manley Callaway	Director and counsel	1 May 1997	Other	2863190
Richard Joseph Bielen	President and director	1 May 1999	Other	1552281
Kevin Bruce Borie	Treasurer and director	1 May 1999	Other	2151148
Leslie Luck Hooper	Vice president, investments and chief compliance officer	1 Nov 2004	Other	4886552
Steven Glen Walker	Director	1 Oct 2005	Other	5108470
Steve Manley Callaway	Secretary and chief compliance officer	1 Mar 2007	Other	2863190
Carl Sitter Thigpen	President and director	1 Jan 2008	Other	1621738
Margaret Burks Hammond	Treasurer	1 Jan 2008	Other	5483391
Lance Pierson Black	Treasurer	1 Dec 2008	Other	3230362
Lance Pierson Black	Director and treasurer	1 Jan 2010	Other	3230362

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Limited The Dai Ichi Life Insurance Company	Sole shareholder of protective life corporation	1 Feb 2015	75% - 100%	foreign
Inc. (F.K.A. The Dai Ichi Life Insurance Company Limited) Dai Ichi Life Holdings	Sole shareholder of protective life corporation	1 Feb 2015	75% - 100%	foreign

Based in Birmingham

The principal office where Protective Investment Advisors Inc. performs its advisory services is located at 2801 Highway 280 South, Birmingham, AL 35223, 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 205-268-1000 or by fax 205-268-5516. The normal business hours are 8am - 5pm central on Monday - Friday.