Pt Asset Management, LLC (Chicago)


Pt Asset Management, LLC is a large advisory firm based in Chicago. It manages $2.27 billion of regulatory assets for 12 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of Illinois.

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

Pt Asset Management: assets under management

The assets under management (AUM) of Pt Asset Management, LLC is $2.27 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 130% since the beginning of its operation, and $3.21 million of the total AUM is attributable to clients outside of the United States.


The firm manages $2.27 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $189.13 million each.
Pt Asset Management has custody of $112.99 million in cash and securities for 2 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in other assets the most. They account for 87% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 11% of the firm’s portfolio. Investments in state and local bonds form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Pt Asset Management, LLC for their services and products based on a percentage of assets under management and performance-based fees. 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 Douglas Robert Rothschild serves?

The firm provides services to investment companies and pooled investment vehicles. The largest group of clients of Douglas Robert Rothschild is investment companies with 2 clients and $2.09 billion of assets under management. Among the 10 most similar advisory firms, Pt Asset Management has the highest percentage of investment companies out of all clients.


The amount of regulatory assets under management is $2.21 billion for 4 clients. 8% of the firm’s clients are foreign persons or businesses.

Pt Asset Management also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.

Careers at Pt Asset Management, LLC

The company employs 23 people that are either part- or full-time employees. 30 percent of the employees work as investment advisers or researchers. 5 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.

Douglas Robert Rothschild has been acting as President since 1 Aug 2011. Ethan Scott Youderian has served as the Chief Investment Officer since 1 May 2013 and Thomas Jordan is the Chief Executive Officer of Pt Asset Management, LLC family office. Bradley Dale Bonga joined the executive team most recently as the Board Member.

Direct owners and executive officers



Name Entity Date acquired Ownership Employer ID
David Floyd Wilding General counsel/chief compliance officer 1 Jul 1996 Other 2400287
Richard Scott Berg Ceo 1 Nov 2004 Other 1077170
Philip Mark Nussbaum Chairperson/managing director, analytics 1 Nov 2004 Other 2302635
Llc Pt Financial Member 1 Dec 2006 50% - 75% 20-8098269
Jason Alan Elder Managing director 1 Dec 2006 Other 2440948
Douglas Robert Rothschild President 1 Aug 2011 Other 5048615
Randy Scott Palomba Chief financial officer 1 Mar 2012 Other 703954
Barry Scott Howsden Chief compliance officer 1 Mar 2012 Other 2625978
Llc Public Trust Advisors Parent company 1 Mar 2012 75% - 100% 159189
Randy S. Palomba Chief financial officer 1 Mar 2012 Other 703954
Barry S. Howsden Chief compliance officer 1 Mar 2012 Other 2625978
Gregory Stuart Wright Co-president 1 Mar 2012 Other 5983237
John Francis Grady Managing director 1 Apr 2012 Other 3113713
John F. Grady Managing director 1 Apr 2012 Other 3113713
Thomas Norbert Tight Managing director 1 May 2012 Other 2057715
Thomas N. Tight Managing director 1 May 2012 Other 2057715
David Kenneth Pritsker Chief financial officer 1 Sep 2012 Other 2604180
Ethan Scott Youderian Chief investment officer 1 May 2013 Other 2522672
Gregory Stuart Wright President 1 Jun 2014 Other 5983237
Thomas Jordan Chief executive officer 1 Jun 2014 Other 2270062
Gregory S. Wright President 1 Jun 2014 Other 5983237
Thomas D. Jordan Chief executive officer 1 Jun 2014 Other 2270062
George M Plaiss Portfolio manager 1 Jan 2015 Other 5676129
Anthony James Harris Portfolio manager 1 Jan 2015 Other 4457220
Steven Jay Novatney Chief operating officer 1 Mar 2015 Other 4380195
David Roberts Howland Board member 1 Jul 2015 Other 2195814
Richard Frank Sterioti Chief marketing officer/investor relations 1 Jan 2016 Other 2461455
Llc Ptam Holdings Member 1 Sep 2017 75% - 100% 46-2437476
Sean Michael Thomas Dranfield Managing director 1 Jan 2018 Other 4363137
Eric Paul Brown Board member 1 Jan 2018 Other 4213450
Bradley Dale Bonga Board member 1 May 2018 Other 2183703

Indirect Owners

The SEC currently registers 46 indirect owners.

Name Entity Date acquired Ownership Employer ID
David Roberts Howland Class b member 1 Dec 2006 Other 2195814
Kurt Allen Fritz Class b member 1 Dec 2006 Other 1937119
Craig Stephen Johnson Class b member 1 Dec 2006 Other 2339510
Christopher Joseph Carney Class b member 1 Dec 2006 Other 2506383
Richard Scott Berg Member 1 Mar 2008 75% - 100% 1077170
Philip Mark Nussbaum Member 1 Mar 2008 Other 2302635
Llc Gideon Management Class a member 1 Mar 2008 25% - 50% 30-0459575
Llc Micah 68 Class a member 1 Mar 2008 Other 32-0230838
Stephen John Sinclair Class c member 1 Mar 2008 Other 4758557
Umrai Singh Gill Class c member 1 Mar 2008 Other 4586445
Andrew John Hixson Class c member 1 Mar 2008 Other 4129176
James Varland Lorentsen Class c member 1 Mar 2008 Other 2882871
Brian James Battle Class c member 1 Mar 2008 Other 1602086
Christopher John Jones Class c member 1 Mar 2008 Other 3238925
Mark Philip Bodett Class c member 1 Mar 2008 Other 2624681
David Victor Raphael Class b member 1 Apr 2010 Other 4577246
Douglas Gerard Wilding Class b member 1 Apr 2010 Other 2375210
Randy Scott Palomba Chief financial officer 1 Sep 2011 Other 703954
Gregory Stuart Wright President 1 Sep 2011 Other 5983237
Randy S. Palomba Chief financial officer 1 Sep 2011 Other 703954
Gregory S. Wright President 1 Sep 2011 Other 5983237
Bradley Dale Bonga Class c member 1 Dec 2011 Other 2183703
Bruce Andrew Bonga Class c member 1 Dec 2011 Other 3208408
Eric Paul Brown Class c member 1 Dec 2011 Other 4213450
Anthony James Depalo Class c member 1 Dec 2011 Other 4689451
David William Gilbert Class c member 1 Dec 2011 Other 2304091
Paul Scott Kangas Calss c member 1 Dec 2011 Other 1700826
Stephen Leon Roth Class c member 1 Dec 2011 Other 4566062
Chirag Shah Class c member 1 Dec 2011 Other 4838599
Edward Paul Thill Class c member 1 Dec 2011 Other 3197500
Chadwick Kacy Thorson Class c member 1 Dec 2011 Other 2278832
Ryan Whitaker Tillery Class c member 1 Dec 2011 Other 5219405
Jeffrey John Weston Class c member 1 Dec 2011 Other 4414047
David Floyd Wilding Class c member 1 Dec 2011 Other 2400287
Zachary Robert Johnson Class c member 1 Dec 2011 Other 5192352
Thomas Jordan Chief executive officer 1 Sep 2012 Other 2270062
Thomas D. Jordan Chief executive officer 1 Sep 2012 Other 2270062
Christopher Michael Debow Managing director 1 Jan 2014 Other 3254416
Christopher M. Debow Managing director 1 Jan 2014 Other 3254416
Richard Scott Berg Board member 1 Sep 2017 Other 1077170
Philip Mark Nussbaum Board member 1 Sep 2017 Other 2302635
Anthony James Depalo Board member 1 Sep 2017 Other 4689451
Eric Paul Brown Board member 1 Sep 2017 Other 4213450
Jason Alan Elder Board member 1 Sep 2017 Other 2440948
David Roberts Howland Board member 1 Sep 2017 Other 2195814
Chirag Shah Board member 1 Sep 2017 Other 4838599

Based in Chicago

The principal office where Pt Asset Management, LLC performs its advisory services is located at 500 W. Madison, Chicago, IL 60661, 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 312-521-1000 or by fax 312-521-1215. The normal business hours are 8am-5pm cst on Monday - Friday. You can find more information about the New York firm at ptam.com.