Priderock Fund Management Partners, LLC (West Palm Beach)

Priderock Fund Management Partners, LLC is a large advisory firm based in West Palm Beach. It manages $194.09 million of regulatory assets for 5 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdiction of Florida.

Priderock Fund Management Partners provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Priderock Fund Management Partners: assets under management

The assets under management (AUM) of Priderock Fund Management Partners, LLC is $194.09 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -2% since the beginning of its operation, and $4.95 million of the total AUM is attributable to clients outside of the United States.

The firm manages $194.09 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $38.82 million each.

Priderock Fund Management Partners has custody of $197.91 million in cash and securities for 4 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Priderock Fund Management Partners, 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 Priderock Fund Management Partners serves?

The only and largest group of clients of Priderock Fund Management Partners is pooled investment vehicles with 5 clients and $194.09 million of assets under management. Among the 8 most similar advisory firms, Priderock Fund Management Partners has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $194.09 million for 5 clients. 20% of the firm’s clients are foreign persons or businesses.

Priderock Fund Management Partners also advises several private funds. Namely, five securitized asset funds.

Careers at Priderock Fund Management Partners, LLC

The company employs 5 people that are either part- or full-time employees. 20 percent of the employees work as investment advisers or researchers. No 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Barbara Jamieson Gaziano	Chief compliance officer	1 Sep 2016	Other	6711265
George Wayne Banks	Principal	1 Sep 2016	25% - 50%	6711679
David Snively Worley	Principal	1 Sep 2016	25% - 50%	6712232
David Nicholas Khoury	Principal	1 Sep 2016	25% - 50%	2641884

Based in West Palm Beach

The principal office where Priderock Fund Management Partners, LLC performs its advisory services is located at 525 Okeechobee Blvd, West Palm Beach, FL 33401, 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 561-653-9332 or by fax 561-653-9942. The normal business hours are 8-5 on Monday - Friday.