Pt Asset Management, LLC (Chicago)

Name: Pt Asset Management, LLC
Address: 500 W. Madison, Chicago, IL, 60661
Telephone: 312-521-1000

Pt Asset Management, LLC is a large advisory firm based in Chicago. It manages $2.27 billion of regulatory assets for 12 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of Illinois.

Pt Asset Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and educational seminars and workshops. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Pt Asset Management: assets under management

The assets under management (AUM) of Pt Asset Management, LLC is $2.27 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 130% since the beginning of its operation, and $3.21 million of the total AUM is attributable to clients outside of the United States.

The firm manages $2.27 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $189.13 million each.

Pt Asset Management has custody of $112.99 million in cash and securities for 2 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in other assets the most. They account for 87% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 11% of the firm’s portfolio. Investments in state and local bonds form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Pt Asset Management, LLC for their services and products based on a percentage of assets under management 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 Douglas Robert Rothschild serves?

The firm provides services to investment companies and pooled investment vehicles. The largest group of clients of Douglas Robert Rothschild is investment companies with 2 clients and $2.09 billion of assets under management. Among the 10 most similar advisory firms, Pt Asset Management has the highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $2.21 billion for 4 clients. 8% of the firm’s clients are foreign persons or businesses.

Pt Asset Management also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.

Careers at Pt Asset Management, LLC

The company employs 23 people that are either part- or full-time employees. 30 percent of the employees work as investment advisers or researchers. 5 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.

Douglas Robert Rothschild has been acting as President since 1 Aug 2011. Ethan Scott Youderian has served as the Chief Investment Officer since 1 May 2013 and Thomas Jordan is the Chief Executive Officer of Pt Asset Management, LLC family office. Bradley Dale Bonga joined the executive team most recently as the Board Member.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
David Floyd Wilding	General counsel/chief compliance officer	1 Jul 1996	Other	2400287
Richard Scott Berg	Ceo	1 Nov 2004	Other	1077170
Philip Mark Nussbaum	Chairperson/managing director, analytics	1 Nov 2004	Other	2302635
Llc Pt Financial	Member	1 Dec 2006	50% - 75%	20-8098269
Jason Alan Elder	Managing director	1 Dec 2006	Other	2440948
Douglas Robert Rothschild	President	1 Aug 2011	Other	5048615
Randy Scott Palomba	Chief financial officer	1 Mar 2012	Other	703954
Barry Scott Howsden	Chief compliance officer	1 Mar 2012	Other	2625978
Llc Public Trust Advisors	Parent company	1 Mar 2012	75% - 100%	159189
Randy S. Palomba	Chief financial officer	1 Mar 2012	Other	703954
Barry S. Howsden	Chief compliance officer	1 Mar 2012	Other	2625978
Gregory Stuart Wright	Co-president	1 Mar 2012	Other	5983237
John Francis Grady	Managing director	1 Apr 2012	Other	3113713
John F. Grady	Managing director	1 Apr 2012	Other	3113713
Thomas Norbert Tight	Managing director	1 May 2012	Other	2057715
Thomas N. Tight	Managing director	1 May 2012	Other	2057715
David Kenneth Pritsker	Chief financial officer	1 Sep 2012	Other	2604180
Ethan Scott Youderian	Chief investment officer	1 May 2013	Other	2522672
Gregory Stuart Wright	President	1 Jun 2014	Other	5983237
Thomas Jordan	Chief executive officer	1 Jun 2014	Other	2270062
Gregory S. Wright	President	1 Jun 2014	Other	5983237
Thomas D. Jordan	Chief executive officer	1 Jun 2014	Other	2270062
George M Plaiss	Portfolio manager	1 Jan 2015	Other	5676129
Anthony James Harris	Portfolio manager	1 Jan 2015	Other	4457220
Steven Jay Novatney	Chief operating officer	1 Mar 2015	Other	4380195
David Roberts Howland	Board member	1 Jul 2015	Other	2195814
Richard Frank Sterioti	Chief marketing officer/investor relations	1 Jan 2016	Other	2461455
Llc Ptam Holdings	Member	1 Sep 2017	75% - 100%	46-2437476
Sean Michael Thomas Dranfield	Managing director	1 Jan 2018	Other	4363137
Eric Paul Brown	Board member	1 Jan 2018	Other	4213450
Bradley Dale Bonga	Board member	1 May 2018	Other	2183703

Indirect Owners

The SEC currently registers 46 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
David Roberts Howland	Class b member	1 Dec 2006	Other	2195814
Kurt Allen Fritz	Class b member	1 Dec 2006	Other	1937119
Craig Stephen Johnson	Class b member	1 Dec 2006	Other	2339510
Christopher Joseph Carney	Class b member	1 Dec 2006	Other	2506383
Richard Scott Berg	Member	1 Mar 2008	75% - 100%	1077170
Philip Mark Nussbaum	Member	1 Mar 2008	Other	2302635
Llc Gideon Management	Class a member	1 Mar 2008	25% - 50%	30-0459575
Llc Micah 68	Class a member	1 Mar 2008	Other	32-0230838
Stephen John Sinclair	Class c member	1 Mar 2008	Other	4758557
Umrai Singh Gill	Class c member	1 Mar 2008	Other	4586445
Andrew John Hixson	Class c member	1 Mar 2008	Other	4129176
James Varland Lorentsen	Class c member	1 Mar 2008	Other	2882871
Brian James Battle	Class c member	1 Mar 2008	Other	1602086
Christopher John Jones	Class c member	1 Mar 2008	Other	3238925
Mark Philip Bodett	Class c member	1 Mar 2008	Other	2624681
David Victor Raphael	Class b member	1 Apr 2010	Other	4577246
Douglas Gerard Wilding	Class b member	1 Apr 2010	Other	2375210
Randy Scott Palomba	Chief financial officer	1 Sep 2011	Other	703954
Gregory Stuart Wright	President	1 Sep 2011	Other	5983237
Randy S. Palomba	Chief financial officer	1 Sep 2011	Other	703954
Gregory S. Wright	President	1 Sep 2011	Other	5983237
Bradley Dale Bonga	Class c member	1 Dec 2011	Other	2183703
Bruce Andrew Bonga	Class c member	1 Dec 2011	Other	3208408
Eric Paul Brown	Class c member	1 Dec 2011	Other	4213450
Anthony James Depalo	Class c member	1 Dec 2011	Other	4689451
David William Gilbert	Class c member	1 Dec 2011	Other	2304091
Paul Scott Kangas	Calss c member	1 Dec 2011	Other	1700826
Stephen Leon Roth	Class c member	1 Dec 2011	Other	4566062
Chirag Shah	Class c member	1 Dec 2011	Other	4838599
Edward Paul Thill	Class c member	1 Dec 2011	Other	3197500
Chadwick Kacy Thorson	Class c member	1 Dec 2011	Other	2278832
Ryan Whitaker Tillery	Class c member	1 Dec 2011	Other	5219405
Jeffrey John Weston	Class c member	1 Dec 2011	Other	4414047
David Floyd Wilding	Class c member	1 Dec 2011	Other	2400287
Zachary Robert Johnson	Class c member	1 Dec 2011	Other	5192352
Thomas Jordan	Chief executive officer	1 Sep 2012	Other	2270062
Thomas D. Jordan	Chief executive officer	1 Sep 2012	Other	2270062
Christopher Michael Debow	Managing director	1 Jan 2014	Other	3254416
Christopher M. Debow	Managing director	1 Jan 2014	Other	3254416
Richard Scott Berg	Board member	1 Sep 2017	Other	1077170
Philip Mark Nussbaum	Board member	1 Sep 2017	Other	2302635
Anthony James Depalo	Board member	1 Sep 2017	Other	4689451
Eric Paul Brown	Board member	1 Sep 2017	Other	4213450
Jason Alan Elder	Board member	1 Sep 2017	Other	2440948
David Roberts Howland	Board member	1 Sep 2017	Other	2195814
Chirag Shah	Board member	1 Sep 2017	Other	4838599

Based in Chicago

The principal office where Pt Asset Management, LLC performs its advisory services is located at 500 W. Madison, Chicago, IL 60661, 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 312-521-1000 or by fax 312-521-1215. The normal business hours are 8am-5pm cst on Monday - Friday. You can find more information about the New York firm at ptam.com.