Prowell Financial Management, LLC (Exton)

Name: Prowell Financial Management, LLC
Address: 690 Stockton Drive, Exton, PA, 19341
Telephone: 484-359-4057

Prowell Financial Management, LLC is a large advisory firm based in Exton. It manages $233.03 million of regulatory assets for 139 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of Delaware, Florida, New Jersey, and Pennsylvania.

Prowell Financial Management provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Prowell Financial Management: assets under management

The assets under management (AUM) of Prowell Financial Management, LLC is $233.03 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 93% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $233.03 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.68 million each.

Prowell Financial Management has custody of $24.38 million in cash and securities for 18 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in non-investment grade corporate bonds the most. They account for 52% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 29% of the firm’s portfolio. Investments in investment and business development companies form 12% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Prowell Financial Management, LLC for their services and products based on a percentage of assets under management and fixed 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 Prowell Financial Management serves?

The firm provides services to individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of Prowell Financial Management is high net worth individuals with 25 clients and $229.51 million of assets under management. Among the 9 most similar advisory firms, Prowell Financial Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $233.03 million for 36 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.

Prowell Financial Management doesn't advise any private funds.

Careers at Prowell Financial Management, LLC

The company employs 3 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 2 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
Mark Edward Prowell	Managing member/cco	1 Nov 2015	75% - 100%	1781070

Based in Exton

The principal office where Prowell Financial Management, LLC performs its advisory services is located at 690 Stockton Drive, Exton, PA 19341, 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 484-359-4057. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at prowell-financial.com/.