Pks Investment Advisors LLC (Salisbury)

Name: Pks Investment Advisors LLC
Address: 1801 Sweetbay Drive, Salisbury, MD, 21804
Telephone: 410-546-5600

Pks Investment Advisors LLC is a large advisory firm based in Salisbury. It manages $145.21 million of regulatory assets for 829 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdictions of Colorado, Delaware, Florida, and 3 other states.

Pks Investment Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and financial consulting. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Pks Investment Advisors: assets under management

The assets under management (AUM) of Pks Investment Advisors LLC is $145.21 million. The firm's AUM has grown by 300% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $142.04 million in discretionary accounts and $3.17 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $174.06 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $244.11 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 89% of the total AUM. The second-largest asset type is exchange traded securities, which make up 6% of the firm’s portfolio. Investments in cash and cash equivalents form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Pks Investment Advisors LLC for their services and products based on a percentage of assets under management and hourly charges. 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 Pks Investment Advisors serves?

The firm provides services to individuals, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Pks Investment Advisors is individuals with 352 clients and $83.64 million of assets under management. Among the 10 most similar advisory firms, Pks Investment Advisors has the 4th highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $145.21 million for 403 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.

Pks Investment Advisors doesn't advise any private funds.

Careers at Pks Investment Advisors LLC

The company employs 9 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 8 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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 receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
P.A. Pks & Company	Owner	1 Aug 1999	75% - 100%	52-1224986
John Michael Stern	Treasurer	1 Aug 1999	Other	4543500
Krahl Stern & Co. P.A. Pigg	Owner	1 Aug 1999	75% - 100%	52-1224986
William Edwin Booth	President, chief compliance officer	1 Aug 1999	25% - 50%	2316671
Michael Carroll Kleger	Vice president	1 Aug 1999	Other	4543475
James Yancey Pigg	Vice president, secretary	1 Aug 1999	Other	4543445
Jeffery Dean Pruitt	Vice president	1 Aug 1999	Other	4543495
Timothy Anthony Gonzales	Chief compliance officer	1 Mar 2015	Other	4994930

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
John Michael Stern	Officer/shareholder	1 Dec 1985	25% - 50%	4543500
James Yancey Pigg	Officer/shareholder	1 Dec 1985	25% - 50%	4543445

Based in Salisbury

The principal office where Pks Investment Advisors LLC performs its advisory services is located at 1801 Sweetbay Drive, Salisbury, MD 21804 The mailing address of the firm is Po Box 72, Salisbury, MD 21803 0072. An additional office of the firm is in Ocean City, MD. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 410-546-5600 or by fax 410-548-9576. The normal business hours are 8:00 a.m.-5:00 p.m. on Monday - Friday. You can find more information about the New York firm at pksadvisors.com.