Procourse Fiduciary Advisors, LLC (Carmel)

Name: Procourse Fiduciary Advisors, LLC
Address: 1180 Medical Ct, Carmel, IN, 46032
Telephone: 317-708-4150

Procourse Fiduciary Advisors, LLC is a pension cosultant based in Carmel. It manages $3.23 billion of regulatory assets for 212 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of Illinois, Indiana, Kentucky, and Wisconsin.

Procourse Fiduciary Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and educational seminars and workshops. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Procourse Fiduciary Advisors: assets under management

The assets under management (AUM) of Procourse Fiduciary Advisors, LLC is $3.23 billion. The firm's AUM has grown by 78% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $500.57 million in discretionary accounts and $2.73 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $5.33 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $23.14 million.

Procourse Fiduciary Advisors has custody of $47.09 million in cash and securities for 31 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 89% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 11% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Procourse Fiduciary Advisors, 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 Procourse Fiduciary Advisors serves?

The firm provides services to individuals, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Procourse Fiduciary Advisors is pension and profit sharing plans with 94 clients and $3.18 billion of assets under management. Among the 10 most similar advisory firms, Procourse Fiduciary Advisors has the highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $3.23 billion for 126 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.

Procourse Fiduciary Advisors doesn't advise any private funds.

Careers at Procourse Fiduciary Advisors, LLC

The company employs 9 people that are either part- or full-time employees. 44 percent of the employees work as investment advisers or researchers. 4 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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
Douglas Glen Prince	Chief executive officer, manager, member	1 May 2012	75% - 100%	2711184
Deana Joy Harmon	Chief investment officer, manager, member	1 May 2012	Other	3160405
Brea Nicole Morrison Dantin	Chief compliance officer, manager, member	1 May 2012	Other	4430268
Jeffrey K Prince	Chief financial officer	1 May 2012	Other	5815877
Keith Lorenzo Griffin	Chief compliance officer	1 Feb 2016	Other	6626522

Based in Carmel

The principal office where Procourse Fiduciary Advisors, LLC performs its advisory services is located at 1180 Medical Ct, Carmel, IN 46032, 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 317-708-4150 or by fax 317-836-1424. The normal business hours are 8:00 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at procourseadv.com.