Prostatis Group LLC is a large advisory firm based in Hanover. It manages $180 million of regulatory assets for 500 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Delaware, Florida, Maryland, and 5 other states.
Prostatis Group provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Prostatis Group LLC is $180 million. The firm's AUM has grown by 80% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Prostatis Group LLC for their services and products based on a percentage of assets under management and hourly charges. 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.
The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Prostatis Group is individuals with 600 clients and $129 million of assets under management. Among the 5 most similar advisory firms, Prostatis Group has the highest percentage of individuals out of all clients.
The amount of regulatory assets under management is $180 million for 625 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.
Prostatis Group doesn't advise any private funds.
The company employs 10 people that are either part- or full-time employees. 80 percent of the employees work as investment advisers or researchers. 7 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.
The principal office where Prostatis Group LLC performs its advisory services is located at 7580 Buckingham Blvd, Suite 180, Hanover, MD 21076, which is also the mailing address of the firm. An additional office of the firm is in Towson, MD. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 410-863-1040 or by fax 410-863-1043. The normal business hours are 9:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at thesavvyinvestortv.com and its LinkedIn profile.