Pfs Investments Inc. (Duluth)

Name: Pfs Investments Inc.
Address: 1 Primerica Parkway, Duluth, GA, 30099 0001
Telephone: 800-544-5445

Pfs Investments Inc. is a large advisory firm based in Duluth. It manages $3.07 billion of regulatory assets for 28,263 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.

Pfs Investments provides portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Pfs Investments: assets under management

The assets under management (AUM) of Pfs Investments Inc. is $3.07 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 587% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $3.07 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $108.47 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 60% of the total AUM. The second-largest asset type is investment and business development companies, which make up 37% of the firm’s portfolio. Investments in cash and cash equivalents form 3% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Pfs Investments 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 Pfs Investments serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of Pfs Investments is individuals with 23,292 clients and $2.85 billion of assets under management. Among the 9 most similar advisory firms, Pfs Investments has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $3.07 billion for 23,547 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.

Pfs Investments doesn't advise any private funds.

Careers at Pfs Investments Inc.

The company employs 3,582 people that are either part- or full-time employees. 99 percent of the employees work as investment advisers or researchers. 2,236 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Primerica Finance Corporation	Direct owner	1 Oct 1995	75% - 100%	06-1200807
Alexis Ginn	Executive vice president	1 Mar 1997	Other	2656698
Alison Sue Rand	Executive vice president	1 Nov 2002	Other	xxx-xx-xxxx
David Howard Siegel	Director, executive vice president-marketing	1 Jan 2005	Other	xxx-xx-xxxx
William Addams Kelly	Director and chief executive officer & president	1 Jan 2005	Other	xxx-xx-xxxx
John Simmerman Iii Watts	Senior vice president and chief counsel	1 Mar 2005	Other	xxx-xx-xxxx
Lisa Marie Vacante	Executive vice president	1 Mar 2005	Other	4856985
Jimmie Buchanan Jr Barnhill	Vice president, treasurer, and chief financial officer	1 Mar 2005	Other	2234662
Cynthia Kyle Mitchell	Director; executive vice president-operations	1 Sep 2005	Other	xxx-xx-xxxx
Cynthia Eileen Kyle Mitchell	Director; executive vice president-operations	1 Sep 2005	Other	xxx-xx-xxxx
Melanie Jo Mitchell	Executive vice president and secretary	1 Dec 2008	Other	xxx-xx-xxxx
Deborah Miller	Executive vice president	1 May 2010	Other	3036949
Daniel Aaron Woodring	Senior vice president and chief compliance officer	1 Jan 2011	Other	4028705
Sharon King Grubenhoff	Senior vice president, treasurer, and chief financial officer	1 Jul 2011	Other	2234267
Stacey K Geer	Secretary	1 Aug 2012	Other	6113725
William J Nemetz	Executive vice president	1 May 2014	Other	4589878
William James Nemetz	Executive vice president	1 May 2014	Other	4589878
Karen Lynn Sukin	Executive vice president and general counsel	1 Jun 2015	Other	6292138
James Alexander Taylor	Assistant secretary	1 May 2016	Other	5902620
Jeffrey Scott Fendler	Executive vice president	1 Aug 2016	Other	1241839
Paul Etienne Regard	Senior vice president	1 Oct 2016	Other	2448671
Lori Allison Rivet	Executive vice president	1 Mar 2017	Other	4496273

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Primerica	Sole shareholder	1 Apr 2010	75% - 100%	27-1204330

Based in Duluth

The principal office where Pfs Investments Inc. performs its advisory services is located at 1 Primerica Parkway, Duluth, GA 30099 0001, which is also the mailing address of the firm. An additional office of the firm is in Bethel, CT. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 800-544-5445 or by fax 470-564-6222. The normal business hours are 08:30-17:30 on Monday - Friday. You can find more information about the New York firm at portfolio.primerica.com/.