Prism Advisory Group, LLC (Newtown)

Name: Prism Advisory Group, LLC
Address: 4 Caufield Place, Newtown, PA, 18940
Telephone: 215-579-0966

Prism Advisory Group, LLC is a large advisory firm based in Newtown. It manages $153.24 million of regulatory assets for 674 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of Florida, New Jersey, New York, and 4 other states.

Prism Advisory Group provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, selection of other advisers, and educational seminars and workshops. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Prism Advisory Group: assets under management

The assets under management (AUM) of Prism Advisory Group, LLC is $153.24 million. The firm's AUM has grown by 10% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $31 million in discretionary accounts and $122.23 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $203.98 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $234.16 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 31% of the total AUM. The second-largest asset type is exchange traded securities, which make up 25% of the firm’s portfolio. Investments in cash and cash equivalents form 21% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Prism Advisory Group, 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 Prism Advisory Group serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Prism Advisory Group is high net worth individuals with 48 clients and $116.65 million of assets under management. Among the 8 most similar advisory firms, Prism Advisory Group has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $150.62 million for 130 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.

Prism Advisory Group doesn't advise any private funds.

Careers at Prism Advisory Group, LLC

The company employs 6 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 4 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
Richard Victor Simkus	Managing member and chief compliance officer	1 Dec 2009	50% - 75%	1269936
Robert Joseph Savino	Member	1 Dec 2009	50% - 75%	1300981

Based in Newtown

The principal office where Prism Advisory Group, LLC performs its advisory services is located at 4 Caufield Place, Newtown, PA 18940, which is also the mailing address of the firm. An additional office of the firm is in Chattanooga, TN. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 215-579-0966 or by fax 215-579-0965. The normal business hours are 8:30am - 4:30pm on Monday - Friday. You can find more information about the New York firm at prismadvisoryllc.com.