Prescott General Partners LLC (Boca Raton)

Prescott General Partners LLC is a large advisory firm based in Boca Raton. It manages $2.58 billion of regulatory assets for 3 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of Florida.

Prescott General Partners provides portfolio management for pooled investment vehicles. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Prescott General Partners: assets under management

The assets under management (AUM) of Prescott General Partners LLC is $2.58 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 129% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $2.58 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $858.68 million each.

Prescott General Partners has custody of $1.82 billion in cash and securities for 2 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Prescott General Partners LLC for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Prescott General Partners serves?

The only and largest group of clients of Prescott General Partners is pooled investment vehicles with 2 clients and $2.58 billion of assets under management. Among the 7 most similar advisory firms, Prescott General Partners has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $2.58 billion for 2 clients. None of the firm’s clients are foreign persons or businesses.

Prescott General Partners also advises several private funds. Namely, two hedge funds. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.

Careers at Prescott General Partners LLC

The company employs 5 people that are either part- or full-time employees. 60 percent of the employees work as investment advisers or researchers. No 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 William Smith	Managing member	1 Jan 2012	Other	429075
Scott J Vassalluzzo	Managing member	1 Jan 2012	75% - 100%	5922234
Michelle L Chung	Cco,cfo	1 Jan 2012	Other	5922237
Steven M Fischer	Cco	1 Jan 2012	Other	5922235

Based in Boca Raton

The principal office where Prescott General Partners LLC performs its advisory services is located at 2200 Butts Road, Suite 320, Boca Raton, FL 33431, 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 561-314-0800 or by fax 561-314-1640. The normal business hours are 9 am to 5 pm on Monday - Friday.