Prio Wealth Limited Partnership is a large advisory firm based in Boston. It manages $2.56 billion of regulatory assets for 1,502 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 48 other states.
Prio Wealth Limited Partnership provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Prio Wealth Limited Partnership is $2.56 billion, all of which is managed in discretionary accounts. The firm's AUM has gone down by -7% since the beginning of its operation, and $31.17 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Prio Wealth Limited Partnership for their services and products based on a percentage of assets under management and fixed 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.
The firm provides services to individuals, charitable organizations, high net worth individuals, banking or thrift institutions, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Prio Wealth Limited Partnership is high net worth individuals with 408 clients and $2.14 billion of assets under management. Among the 8 most similar advisory firms, Prio Wealth Limited Partnership has the 2nd highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $2.56 billion for 635 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.
Prio Wealth Limited Partnership doesn't advise any private funds.
The company employs 23 people that are either part- or full-time employees. 48 percent of the employees work as investment advisers or researchers. 8 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.
The principal office where Prio Wealth Limited Partnership performs its advisory services is located at 265 Franklin Street, Boston, MA 02110 3199, 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 617-224-1900 or by fax 617-224-1910. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at priowealth.com.