Prometheus Investment Advisors LLC (Greenwich)


Prometheus Investment Advisors LLC is an adviser based in Greenwich. It manages $25.07 million of regulatory assets for 76 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Colorado, Connecticut, New York, and Texas.

Prometheus Investment Advisors provides financial planning services, portfolio management for individuals and small businesses, 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.

Prometheus Investment Advisors: assets under management

The assets under management (AUM) of Prometheus Investment Advisors LLC is $25.07 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 0% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $25.07 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $329.84 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 78% of the total AUM. The second-largest asset type is exchange traded securities, which make up 15% of the firm’s portfolio. Investments in cash and cash equivalents form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Prometheus Investment Advisors LLC for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and performance-based 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 Prometheus Investment Advisors serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Prometheus Investment Advisors is individuals with 35 clients and $14.55 million of assets under management. Among the 4 most similar advisory firms, Prometheus Investment Advisors has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $25.07 million for 44 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.

Prometheus Investment Advisors doesn't advise any private funds.

Careers at Prometheus Investment 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
Charles Joseph Doran Managing member & chief compliance officer 1 Nov 2017 75% - 100% 5165351
James Stephen Doran Member 1 Nov 2017 50% - 75% 5959143

Based in Greenwich

The principal office where Prometheus Investment Advisors LLC performs its advisory services is located at 121 North St, Greenwich, CT 06830, 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 203-561-6588 or by fax N/A. The normal business hours are not applicable - office visits by appointment only on Other. You can find more information about the New York firm at prometheus-ria.com.