Pfs Partners, LLC (Mine Hill)

Name: Pfs Partners, LLC
Address: 350 Us Highway 46, Mine Hill, NJ, 07803
Telephone: 973-927-6300

Pfs Partners, LLC is a large advisory firm based in Mine Hill. It manages $268.38 million of regulatory assets for 980 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of California, Colorado, Connecticut, and 9 other states.

Pfs Partners provides financial planning services, portfolio management for individuals and small businesses, and pension consulting services. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Pfs Partners: assets under management

The assets under management (AUM) of Pfs Partners, LLC is $268.38 million. The firm's AUM has grown by 162% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $238.84 million in discretionary accounts and $29.54 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $249.31 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.34 million.

Pfs Partners has custody of $115.48 million in cash and securities for 131 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 62% of the total AUM. The second-largest asset type is other assets, which make up 18% of the firm’s portfolio. Investments in exchange traded securities form 17% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Pfs Partners, LLC for their services and products based on a percentage of assets under management, hourly charges, 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 Pfs Partners serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Pfs Partners is high net worth individuals with 81 clients and $143.48 million of assets under management. Among the 11 most similar advisory firms, Pfs Partners has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $232.06 million for 457 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.

Pfs Partners doesn't advise any private funds.

Careers at Pfs Partners, LLC

The company employs 18 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 11 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
David Ryan Vollmer	Managing member and chief compliance officer	1 Jun 2008	75% - 100%	4088139
Michael Babyak	Managing member	1 Jun 2008	50% - 75%	2376943

Based in Mine Hill

The principal office where Pfs Partners, LLC performs its advisory services is located at 350 Us Highway 46, Mine Hill, NJ 07803, which is also the mailing address of the firm. An additional office of the firm is in Denver, CO. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 973-927-6300 or by fax 973-927-7190. The normal business hours are 9am to 5pm on Monday - Friday. You can find more information about the New York firm at precisionfinancialservices.com.