Probity Advisors, Inc. (Dallas)

Name: Probity Advisors, Inc.
Address: 10000 N. Central Expressway, Dallas, TX, 75231
Telephone: 214-891-8131

Probity Advisors, Inc. is a large advisory firm based in Dallas. It manages $370.62 million of regulatory assets for 903 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdictions of Alabama, Arizona, Arkansas, and 29 other states.

Probity Advisors provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, publication of newsletters, and educational seminars and workshops. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Probity Advisors: assets under management

The assets under management (AUM) of Probity Advisors, Inc. is $370.62 million. The firm's AUM has grown by 1503% since the beginning of its operation, and $529.07 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $369.79 million in discretionary accounts and $833.76 thousand in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $410.42 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $416.88 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 77% of the total AUM. The second-largest asset type is pooled investment vehicles, which make up 15% of the firm’s portfolio. Investments in cash and cash equivalents form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Probity Advisors, Inc. for their services and products based on a percentage of assets under management, 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 Porter Louis Ozanne serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Porter Louis Ozanne is high net worth individuals with 81 clients and $187.44 million of assets under management. Among the 9 most similar advisory firms, Probity Advisors has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $370.62 million for 489 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Probity Advisors doesn't advise any private funds.

Careers at Probity Advisors, Inc.

The company employs 10 people that are either part- or full-time employees. 60 percent of the employees work as investment advisers or researchers. 4 employees are registered as investment adviser representatives with the state securities authorities.

There are 4 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 receive compensation from other entities for client referrals.

Porter Louis Ozanne has been acting as President since 1 Jul 2002. The Probity Shareholders Trust Dtd 07/06/2005 joined the executive team most recently as the Trust.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Porter Louis Ozanne	President/chairman of board	1 Jul 2002	Other	354799
Linda M. Ozanne	Secretary	1 Jul 2002	Other	4565332
David Jay Wootton	Chief financial officer/bd.	1 Jul 2002	Other	2245428
Sharon Brown Wootton	Shareholder-common	1 Jul 2002	Other	4565334
Christopher Tyler Sorrow	Vice president/chief compliance officer/board member	1 Jan 2003	Other	4576613
The Probity Shareholders Trust Dtd 07/06/2005	Trust	1 Jul 2005	75% - 100%	20-6753845
Russell Simms Johnson	Trustee of probity shareholder trust dtd 7/6/2005	1 Jul 2005	Other	1248952

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Porter Louis Ozanne	Trustee	1 Oct 1984	Other	354799
Linda M. Ozanne	Trustee	1 Oct 1984	Other	4565332
The Porter L. Ozanne And Linda M. Ozanne Joint Living Trust Dated 10/30/84 & Any Amendments Thereto	Trust	1 Jul 2005	50% - 75%	xxx-xx-xxxx

Based in Dallas

The principal office where Probity Advisors, Inc. performs its advisory services is located at 10000 N. Central Expressway, Dallas, TX 75231, 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 214-891-8131 or by fax 214-891-8585. The normal business hours are 9:00am to 5:00pm on Monday - Friday. You can find more information about the New York firm at probityadvisors.com/ and its LinkedIn profile.