Pronvest, Inc. (Chattanooga)

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

Pronvest: assets under management

The assets under management (AUM) of Pronvest, Inc. is $927.15 million. The firm's AUM has grown by 512% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $886.59 million in discretionary accounts and $40.56 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $36.51 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $40.56 million.

Investments

The firm invests in exchange traded securities the most. They account for 89% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 10% of the firm’s portfolio. Investments in state and local bonds form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Pronvest, Inc. for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Pronvest serves?

The only and largest group of clients of Pronvest is individuals with 24,281 clients and $885.87 million of assets under management. Among the 6 most similar advisory firms, Pronvest has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $885.87 million for 24,281 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.

Pronvest doesn't advise any private funds.

Careers at Pronvest, Inc.

The company employs 17 people that are either part- or full-time employees. 47 percent of the employees work as investment advisers or researchers. 3 employees are registered as investment adviser representatives with the state securities authorities.

There are 9 people 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

Indirect Owners

The SEC currently registers 1 indirect owner.

Based in Chattanooga

The principal office where Pronvest, Inc. performs its advisory services is located at 1110 Market Street, Chattanooga, TN 37402, 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 423-648-1876 or by fax 888-725-8915. The normal business hours are pronvest, inc. on Monday - Friday. You can find more information about the New York firm at pronvest.com.

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