Pfs Investments Inc. (Duluth)


Pfs Investments Inc. is a large advisory firm based in Duluth. It manages $3.07 billion of regulatory assets for 28,263 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.

Pfs Investments 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.

Pfs Investments: assets under management

The assets under management (AUM) of Pfs Investments Inc. is $3.07 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 587% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $3.07 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $108.47 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 60% of the total AUM. The second-largest asset type is investment and business development companies, which make up 37% of the firm’s portfolio. Investments in cash and cash equivalents form 3% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Pfs Investments Inc. 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 Pfs Investments serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of Pfs Investments is individuals with 23,292 clients and $2.85 billion of assets under management. Among the 9 most similar advisory firms, Pfs Investments has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $3.07 billion for 23,547 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 Investments doesn't advise any private funds.

Careers at Pfs Investments Inc.

The company employs 3,582 people that are either part- or full-time employees. 99 percent of the employees work as investment advisers or researchers. 2,236 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
Primerica Finance Corporation Direct owner 1 Oct 1995 75% - 100% 06-1200807
Alexis Ginn Executive vice president 1 Mar 1997 Other 2656698
Alison Sue Rand Executive vice president 1 Nov 2002 Other xxx-xx-xxxx
David Howard Siegel Director, executive vice president-marketing 1 Jan 2005 Other xxx-xx-xxxx
William Addams Kelly Director and chief executive officer & president 1 Jan 2005 Other xxx-xx-xxxx
John Simmerman Iii Watts Senior vice president and chief counsel 1 Mar 2005 Other xxx-xx-xxxx
Lisa Marie Vacante Executive vice president 1 Mar 2005 Other 4856985
Jimmie Buchanan Jr Barnhill Vice president, treasurer, and chief financial officer 1 Mar 2005 Other 2234662
Cynthia Kyle Mitchell Director; executive vice president-operations 1 Sep 2005 Other xxx-xx-xxxx
Cynthia Eileen Kyle Mitchell Director; executive vice president-operations 1 Sep 2005 Other xxx-xx-xxxx
Melanie Jo Mitchell Executive vice president and secretary 1 Dec 2008 Other xxx-xx-xxxx
Deborah Miller Executive vice president 1 May 2010 Other 3036949
Daniel Aaron Woodring Senior vice president and chief compliance officer 1 Jan 2011 Other 4028705
Sharon King Grubenhoff Senior vice president, treasurer, and chief financial officer 1 Jul 2011 Other 2234267
Stacey K Geer Secretary 1 Aug 2012 Other 6113725
William J Nemetz Executive vice president 1 May 2014 Other 4589878
William James Nemetz Executive vice president 1 May 2014 Other 4589878
Karen Lynn Sukin Executive vice president and general counsel 1 Jun 2015 Other 6292138
James Alexander Taylor Assistant secretary 1 May 2016 Other 5902620
Jeffrey Scott Fendler Executive vice president 1 Aug 2016 Other 1241839
Paul Etienne Regard Senior vice president 1 Oct 2016 Other 2448671
Lori Allison Rivet Executive vice president 1 Mar 2017 Other 4496273

Indirect Owners

The SEC currently registers 1 indirect owner.

Name Entity Date acquired Ownership Employer ID
Inc. Primerica Sole shareholder 1 Apr 2010 75% - 100% 27-1204330

Based in Duluth

The principal office where Pfs Investments Inc. performs its advisory services is located at 1 Primerica Parkway, Duluth, GA 30099 0001, which is also the mailing address of the firm. An additional office of the firm is in Bethel, CT. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 800-544-5445 or by fax 470-564-6222. The normal business hours are 08:30-17:30 on Monday - Friday. You can find more information about the New York firm at portfolio.primerica.com/.