Prudent Investors Network, Inc. (Vista)

Name: Prudent Investors Network, Inc.
Address: 2598 Fortune Way, Suite G, Vista, CA, 92081
Telephone: 760-597-9255

Prudent Investors Network, Inc. is a large advisory firm based in Vista. It manages $115.71 million of regulatory assets for 381 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of Arizona, California, Colorado, and 4 other states.

Prudent Investors Network provides portfolio management for individuals and small businesses, publication of newsletters, educational seminars and workshops, and forensic fiduciary research. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Prudent Investors Network: assets under management

The assets under management (AUM) of Prudent Investors Network, Inc. is $115.71 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 222% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $115.71 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $303.7 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 57% of the total AUM. The second-largest asset type is investment and business development companies, which make up 40% of the firm’s portfolio. Investments in cash and cash equivalents form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Prudent Investors Network, Inc. for their services and products based on a percentage of assets under management and hourly charges. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Ted Hop Ong serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Ted Hop Ong is individuals with 376 clients and $108.15 million of assets under management. Among the 8 most similar advisory firms, Prudent Investors Network has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $115.71 million for 381 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.

Prudent Investors Network doesn't advise any private funds.

Careers at Prudent Investors Network, Inc.

The company employs 4 people that are either part- or full-time employees. 75 percent of the employees work as investment advisers or researchers. 3 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.

Ted Hop Ong has been acting as President since 1 Apr 2003. Jeremy Le Van Lau joined the executive team most recently as the President / Chief Investment Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Lee Holloway Anke	Ceo	1 Apr 2003	50% - 75%	839642
Ted Hop Ong	President	1 Apr 2003	50% - 75%	1185460
Inc. Prudent Investors Network	Owner	1 Apr 2003	Other	127284
Jamie Ann Smith	Corporate ssecretary	1 Apr 2003	Other	4387805
Jamie Ann Pearson	Corporate secretary	1 Apr 2003	Other	4387805
Elizabeth Diane Coplin	Chief compliance officer	1 Sep 2005	Other	5023675
Russell Scott Blacker	Chief compliance officer	1 Nov 2006	Other	5253486
Elisa Marie Williamson	Chief compliance officer	1 Jun 2008	Other	5585374
Jared Cheung Yi Ong	Corporate secretary	1 Jan 2011	Other	4387805
Jamie Ann Pearson	Corporate secretary	1 Jan 2011	Other	4387805
Jared Cheung Yi Ong	Chief compliance officer	1 Jan 2012	Other	5022033
Jeremy Le Van Lau	Cio/managing partner	1 May 2017	50% - 75%	6812603
Ted Hop Ong	Chief executive officer	1 Jan 2018	50% - 75%	1185460
Jeremy Le Van Lau	President / chief investment officer	1 Jan 2018	50% - 75%	6812603

Based in Vista

The principal office where Prudent Investors Network, Inc. performs its advisory services is located at 2598 Fortune Way, Suite G, Vista, CA 92081, which is also the mailing address of the firm. An additional office of the firm is in Ladera Ranch, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 760-597-9255 or by fax 760-597-9259. The normal business hours are 9:00am-5:00pm on Monday - Friday. You can find more information about the New York firm at prudentnetwork.com.