Paratus Financial, Inc. (Dallas)

Paratus Financial provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Paratus Financial: assets under management

The assets under management (AUM) of Paratus Financial, Inc. is $1.69 billion. The firm's AUM has grown by 88% since the beginning of its operation, and $3.62 million of the total AUM is attributable to clients outside of the United States.

The firm manages $185.7 million in discretionary accounts and $1.5 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $399.36 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $702.65 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 50% of the total AUM. The second-largest asset type is exchange traded securities, which make up 25% of the firm’s portfolio. Investments in state and local bonds form 25% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Paratus Financial, Inc. for their services and products based on hourly charges and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Michael Adam Grisz serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Michael Adam Grisz is high net worth individuals with 71 clients and $1.49 billion of assets under management. Among the 10 most similar advisory firms, Paratus Financial has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.69 billion for 177 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Paratus Financial doesn't advise any private funds.

Careers at Paratus Financial, Inc.

The company employs 8 people that are either part- or full-time employees. 88 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.

Michael Adam Grisz has been acting as President since 1 Jan 2008. Jane Rollin Burruss joined the executive team most recently as the Director.

Direct owners and executive officers

Based in Dallas

The principal office where Paratus Financial, Inc. performs its advisory services is located at 5220 Mckinney Ave Ste 200, Dallas, TX 75205, 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 214-378-7400 or by fax 214-378-7402. The normal business hours are 8:30-5:00 on Monday - Friday. You can find more information about the New York firm at paratusfinancial.com.

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