Pring/Turner Capital Group, Inc. (Walnut Creek)

Name: Pring/Turner Capital Group, Inc.
Address: 1600 S. Main Street, #375, Walnut Creek, CA, 94596 5397
Telephone: (925) 287-8527

Pring/Turner Capital Group, Inc. is a large advisory firm based in Walnut Creek. It manages $146.98 million of regulatory assets for 309 client accounts. It has been registered with the SEC as an adviser since 2003 and has operated in the jurisdictions of California, Colorado, Florida, Maryland, and Texas.

Pring/Turner Capital Group provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Pring/Turner Capital Group: assets under management

The assets under management (AUM) of Pring/Turner Capital Group, Inc. is $146.98 million. The firm's AUM has grown by 148% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $129.81 million in discretionary accounts and $17.17 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $443.03 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.07 million.

Pring/Turner Capital Group has custody of $60.68 million in cash and securities for 75 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 62% of the total AUM. The second-largest asset type is investment and business development companies, which make up 22% of the firm’s portfolio. Investments in government bonds form 12% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Pring/Turner Capital Group, 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 Joe Dennis Turner serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Joe Dennis Turner is high net worth individuals with 54 clients and $103.25 million of assets under management. Among the 12 most similar advisory firms, Pring/Turner Capital Group has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $137.73 million for 121 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.

Pring/Turner Capital Group doesn't advise any private funds.

Careers at Pring/Turner Capital Group, Inc.

The company employs 3 people that are either part- or full-time employees. 67 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Joe Dennis Turner has been acting as President since 1 Jul 1985. James William Kopas joined the executive team most recently as the Portfolio Manager.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Joe Dennis Turner	President	1 Jul 1985	25% - 50%	2759847
Martin John Pring	Chairman	1 Jul 1988	25% - 50%	2778850
Thomas John Kopas	Vp/secretary/treasurer	1 Jul 2003	25% - 50%	1015062
Thomas John Kopas	Chief executive officer	1 Jul 2011	25% - 50%	1015062
Stefanie Jane Little	Chief compliance officer	1 Feb 2013	Other	4393611
James William Kopas	Portfolio manager	1 Jun 2016	25% - 50%	5863675

Based in Walnut Creek

The principal office where Pring/Turner Capital Group, Inc. performs its advisory services is located at 1600 S. Main Street, #375, Walnut Creek, CA 94596 5397, 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 (925) 287-8527 or by fax (925) 287-8653. The normal business hours are 7:30 a.m. - 4:00 p.m. on Monday - Friday. You can find more information about the New York firm at pringturner.com and its LinkedIn profile.