Premis Advisors, LLC (Atlanta)

Name: Premis Advisors, LLC
Address: 3350 Peachtree Road, Ne, Atlanta, GA, 30326
Telephone: 678-666-5380

Premis Advisors, LLC is a large advisory firm based in Atlanta. It manages $117.24 million of regulatory assets for 109 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdiction of Georgia.

Premis Advisors provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Premis Advisors: assets under management

The assets under management (AUM) of Premis Advisors, LLC is $117.24 million. The firm's AUM has grown by 3% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $28.83 million in discretionary accounts and $88.41 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $901.08 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.15 million.

Premis Advisors has custody of $3.3 million in cash and securities for 2 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in pooled investment vehicles the most. They account for 40% of the total AUM. The second-largest asset type is state and local bonds, which make up 20% of the firm’s portfolio. Investments in exchange traded securities form 19% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Premis Advisors, LLC 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 Premis Advisors serves?

The only and largest group of clients of Premis Advisors is high net worth individuals with 5 clients and $117.24 million of assets under management. Among the 9 most similar advisory firms, Premis Advisors has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $117.24 million for 5 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.

Premis Advisors doesn't advise any private funds.

Careers at Premis Advisors, LLC

The company employs 1 person that is either a part- or full-time employee. 100 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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
Bradley Thomas Chitty	Founder/chief investment officer/chief compliance officer	1 Mar 2016	75% - 100%	5551903

Based in Atlanta

The principal office where Premis Advisors, LLC performs its advisory services is located at 3350 Peachtree Road, Ne, Atlanta, GA 30326, 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 678-666-5380 or by fax 678-666-5378. 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 premisadvisors.com.