Advanced Practice Advisors, LLC (La Quinta)


Advanced Practice Advisors, LLC is an adviser based in La Quinta. It manages $21.15 million of regulatory assets for 88 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdiction of California.

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Advanced Practice Advisors provides portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Advanced Practice Advisors: assets under management

The assets under management (AUM) of Advanced Practice Advisors, LLC is $21.15 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -70% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.


The firm manages $21.15 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $240.36 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 87% of the total AUM. The second-largest asset type is government bonds, which make up 5% of the firm’s portfolio. Investments in investment grade corporate bonds form 4% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Advanced Practice Advisors, LLC 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 Advanced Practice Advisors serves?

The only and largest group of clients of Advanced Practice Advisors is individuals with 88 clients and $21.15 million of assets under management. Among the 2 most similar advisory firms, Advanced Practice Advisors has the highest percentage of individuals out of all clients.


The amount of regulatory assets under management is $21.15 million for 88 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.

Advanced Practice Advisors doesn't advise any private funds.

Careers at Advanced Practice Advisors, LLC

The company employs 2 people that are either part- or full-time employees. 100 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
Inc. Concert Wm San Diego Member 1 Feb 2009 75% - 100% 26-4145579
Inc. Concert Wealth Management Member 1 May 2010 25% - 50% 26-4145579
Inc. Tate Asset Management Member 1 May 2010 25% - 50% 27-0228485
Inc. Dco Asset Management Member 1 May 2010 25% - 50% 27-1146060
Marybeth Brown Market manager 1 Jun 2010 50% - 75% 6346685
Paul Curtis Spitzer Ceo, cco 1 Jun 2010 50% - 75% 1814817
Indevia Accounting Incorporation Member 1 May 2012 25% - 50% 33-0804287
Marybeth Brown Market manager 1 Aug 2012 50% - 75% 6346685
Paul C. Spitzer & Marybeth Brown Family Trust Dtd 8/9/2013 Family trust 1 Aug 2013 75% - 100% xxx-xx-xxxx
Robert James Roche Cco 1 Jun 2014 Other 2463984
Jill Rebecca Young Chief compliance officer 1 Apr 2016 Other 4195415
Paul Curtis Spitzer Cco 1 Jun 2018 Other 1814817

Indirect Owners

The SEC currently registers 8 indirect owners.

Name Entity Date acquired Ownership Employer ID
Paul Curtis Spitzer President 1 May 2010 75% - 100% 1814817
Christopher Alan Tate President 1 May 2010 75% - 100% 3241655
Daniel Craig Osgood President 1 May 2010 75% - 100% 2684112
Dev Purkayastha Owner 1 May 2012 75% - 100% 6064923
Paul Curtis Spitzer President 1 Aug 2012 75% - 100% 1814817
Paul Curtis Spitzer Trustee 1 Jun 2013 75% - 100% 1814817
Paul Curtis Spitzer Co-trustee 1 Aug 2013 50% - 75% 1814817
Marybeth Brown Co-trustee 1 Aug 2013 50% - 75% 6346685

Based in La Quinta

The principal office where Advanced Practice Advisors, LLC performs its advisory services is located at 78010 Main Street, La Quinta, CA 92253 The mailing address of the firm is Po Box 1623, La Quinta, CA 92247. An additional office of the firm is in Pebble Beach, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 760.564.0112. The normal business hours are 7:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at advancedpracticeadvisors.com.