Pvg Asset Management Corp (Denver)

Name: Pvg Asset Management Corp
Address: 6898 S. University Blvd., Suite 100, Denver, CO, 80122
Telephone: 303-526-0548

Pvg Asset Management Corp is a large advisory firm based in Denver. It manages $235.06 million of regulatory assets for 1,341 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Arizona, Arkansas, California, and 21 other states.

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

Pvg Asset Management Corp: assets under management

The assets under management (AUM) of Pvg Asset Management Corp is $235.06 million. The firm's AUM has grown by 96% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $217.28 million in discretionary accounts and $17.78 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $167.27 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $423.31 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 88% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 8% of the firm’s portfolio. Investments in investment grade corporate bonds form 3% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Pvg Asset Management Corp for their services and products based on a percentage of assets under management. 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 Joseph Nicholas Pecoraro serves?

The firm provides services to individuals, investment companies, high net worth individuals, pooled investment vehicles, and pension and profit sharing plans. The largest group of clients of Joseph Nicholas Pecoraro is individuals with 1,145 clients and $105.78 million of assets under management. Among the 7 most similar advisory firms, Pvg Asset Management Corp has the 3rd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $235.06 million for 1,341 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.

Pvg Asset Management Corp doesn't advise any private funds.

Careers at Pvg Asset Management Corp

The company employs 10 people that are either part- or full-time employees. 40 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.

Joseph Nicholas Pecoraro has been acting as President since 1 Jul 1987. Michael John Lahaie joined the executive team most recently as the Cco.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Joseph Nicholas Pecoraro	President	1 Jul 1987	50% - 75%	831015
Invesco Funds Group	Shareholder	1 Jul 1987	25% - 50%	84-0235630
William C. Rahmig	Vice president, sec'y/treas	1 Aug 1987	25% - 50%	4346179
Mary Margaret Burns	Vice president	1 Jan 1989	Other	1516479
Dorothea Jane Moore	Vice president	1 Sep 1989	Other	860808
Jack Warren Reining	Vice president	1 Feb 1996	Other	373710
Jerrald Curtis Clint	Vice president / sales	1 Jun 2004	Other	4719119
Patrick S Adams	Chief executive officer	1 Jan 2009	75% - 100%	2438502
William C. Rahmig	Vice president	1 Jan 2009	Other	4346179
John Alan Favre	Executive vice president	1 Jan 2009	Other	1241466
John Victor Johnson	Portfolio manager	1 Jul 2009	Other	1879449
Mark Barrett Stang	Cco	1 Jan 2013	Other	1986888
Michael John Lahaie	Cco	1 Jan 2014	Other	4305343
Joseph Nicholas Pecoraro	Cco	1 Feb 2015	Other	831015

Based in Denver

The principal office where Pvg Asset Management Corp performs its advisory services is located at 6898 S. University Blvd., Suite 100, Denver, CO 80122, which is also the mailing address of the firm. An additional office of the firm is in Golden, CO. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 303-526-0548 or by fax 303-526-1391. The normal business hours are 7:00 a.m. to 6:00 p.m. mst on Monday - Friday. You can find more information about the New York firm at pvgassetmanagement.com.