Prudent Street Financial Advisors, LLC (Brentwood)

Name: Prudent Street Financial Advisors, LLC
Address: 104 Continental Place, Brentwood, TN, 37027
Telephone: 615-523-0660

Prudent Street Financial Advisors, LLC is a large advisory firm based in Brentwood. It manages $238.78 million of regulatory assets for 256 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of Mississippi and Tennessee.

Prudent Street Financial Advisors provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, 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.

Prudent Street Financial Advisors: assets under management

The assets under management (AUM) of Prudent Street Financial Advisors, LLC is $238.78 million. The firm's AUM has grown by 70% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $83.8 million in discretionary accounts and $154.98 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $370.78 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $5.17 million.

Investments

The firm invests in investment and business development companies the most. They account for 92% of the total AUM. The second-largest asset type is exchange traded securities, which make up 6% of the firm’s portfolio. Investments in pooled investment vehicles form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Prudent Street Financial Advisors, LLC for their services and products based on a percentage of assets under management, hourly charges, 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 Prudent Street Financial 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 Prudent Street Financial Advisors is pension and profit sharing plans with 10 clients and $152.43 million of assets under management. Among the 9 most similar advisory firms, Prudent Street Financial Advisors has the 2nd highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $238.78 million for 108 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.

Prudent Street Financial Advisors doesn't advise any private funds.

Careers at Prudent Street Financial Advisors, LLC

The company employs 8 people that are either part- or full-time employees. 25 percent of the employees work as investment advisers or researchers. 2 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
Thomas L Cunningham	Managing member/chief compliance officer	1 Jan 2012	75% - 100%	6032555
David Lincoln Richardson	Managing member/chief compliance officer	1 Mar 2012	75% - 100%	2541402

Based in Brentwood

The principal office where Prudent Street Financial Advisors, LLC performs its advisory services is located at 104 Continental Place, Brentwood, TN 37027, 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 615-523-0660 or by fax 615-523-0670. The normal business hours are 8:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at prudentstreet.com.