Professional Advisory Services Inc (Vero Beach)

Name: Professional Advisory Services Inc
Address: 2770 Indian River Blvd, Vero Beach, FL, 32960
Telephone: 772-778-0552

Professional Advisory Services Inc is a large advisory firm based in Vero Beach. It manages $798.76 million of regulatory assets for 930 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Florida, Georgia, and 8 other states.

Professional Advisory Services provides portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Professional Advisory Services: assets under management

The assets under management (AUM) of Professional Advisory Services Inc is $798.76 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 75% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $798.76 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $858.88 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 58% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 32% of the firm’s portfolio. Investments in state and local bonds form 6% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Professional Advisory Services 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 Ronald Joseph Jaffe serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Ronald Joseph Jaffe is high net worth individuals with 177 clients and $559.72 million of assets under management. Among the 6 most similar advisory firms, Professional Advisory Services has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $798.76 million for 513 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.

Professional Advisory Services doesn't advise any private funds.

Careers at Professional Advisory Services Inc

The company employs 9 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 9 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.

Ronald Joseph Jaffe has been acting as President since 1 May 1977. David Alan Jaffe joined the executive team most recently as the President, Class A Shareholder, Partner.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Kenneth Ligon	Secretary/treasurer	1 May 1977	Other	2275379
Ronald Joseph Jaffe	President	1 May 1977	Other	4335225
Ken Mcgarvey Ligon	Vice president, class a shareholder, partner	1 Dec 1993	25% - 50%	2128746
Ken Ligon	Vice president	1 Dec 1993	Other	2128746
David Jaffe	Vice president	1 Dec 1993	Other	2314921
Carol Bieber	Compliance officer	1 Oct 2003	25% - 50%	3195212
David Alan Jaffe	President, class a shareholder, partner	1 Jan 2004	50% - 75%	2314921
Carol Ligon Bieber	Secretary/treasurer/chief compliance officer, class a shareholder, partner	1 Jan 2004	25% - 50%	3195212
David Jaffe	President	1 Jan 2004	50% - 75%	2314921
Ronald Joseph Jaffe	Chairman	1 Jan 2004	Other	4335225
Carol Bieber	Secretary/treasurer	1 Jan 2004	25% - 50%	3195212

Based in Vero Beach

The principal office where Professional Advisory Services Inc performs its advisory services is located at 2770 Indian River Blvd, Vero Beach, FL 32960, 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 772-778-0552 or by fax 772-770-2979. The normal business hours are 9:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at pa-services.com.