Property Investment Advisors, Inc. (Richmond)

Name: Property Investment Advisors, Inc.
Address: 901 East Byrd Street, Richmond, VA, 23219
Telephone: 804-644-4474

Property Investment Advisors, Inc. is a large advisory firm based in Richmond. It manages $131.37 million of regulatory assets for 9 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of Virginia.

Property Investment Advisors 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.

Property Investment Advisors: assets under management

The assets under management (AUM) of Property Investment Advisors, Inc. is $131.37 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -35% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $131.37 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $14.6 million each.

Property Investment Advisors has custody of $860.93 thousand in cash and securities for 9 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Property Investment Advisors, Inc. 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 Robert Lewis Boggs serves?

The only and largest group of clients of Robert Lewis Boggs is pooled investment vehicles with 9 clients and $131.37 million of assets under management. Among the 11 most similar advisory firms, Property Investment Advisors has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $131.37 million for 9 clients. None of the firm’s clients are foreign persons or businesses.

Property Investment Advisors also advises several private funds. Namely, nine real estate funds. The minimum investment commitment required of non-related persons ranges from $75,500 to $1,000,000.

Careers at Property Investment Advisors, Inc.

The company employs 6 people that are either part- or full-time employees. 17 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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.

Robert Lewis Boggs has been acting as President since 1 Jun 2010. David Mark Croy joined the executive team most recently as the Chief Compliance Officer / Chief Financial Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Robert Lewis Boggs	Chairman	1 Jun 2010	50% - 75%	6014081
Christopher Brandon Boggs	President	1 Jun 2010	50% - 75%	6014088
David Mark Croy	Chief compliance officer / chief financial officer	1 Jul 2011	Other	6014089

Based in Richmond

The principal office where Property Investment Advisors, Inc. performs its advisory services is located at 901 East Byrd Street, Richmond, VA 23219 The mailing address of the firm is Po Box 1218, Richmond, VA 23218. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 804-644-4474 or by fax 804-644-4477. The normal business hours are 8:00 am - 4:30 pm on Monday - Friday. You can find more information about the New York firm at piainc.net ; linkedin.com/company/1829701/.