The Professional Financial Company LLC (Pleasant Grove)

Name: The Professional Financial Company LLC
Address: 801 S Pleasant Grove Blvd, Pleasant Grove, UT, 84062
Telephone: (801) 701-7141

The Professional Financial Company LLC is a large advisory firm based in Pleasant Grove. It manages $118 million of regulatory assets for 283 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Texas and Utah.

The Professional Financial Company provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and pension consulting services. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

The Professional Financial Company: assets under management

The assets under management (AUM) of The Professional Financial Company LLC is $118 million. The firm's AUM has grown by 17% since the beginning of its operation, and $57 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $56 million in discretionary accounts and $62 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $202.17 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $10.33 million.

Investments

The firm invests in investment and business development companies the most. They account for 85% of the total AUM. The second-largest asset type is state and local bonds, which make up 7% of the firm’s portfolio. Investments in exchange traded securities form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay The Professional Financial Company LLC for their services and products based on a percentage of assets under management and hourly charges. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients The Professional Financial Company 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 The Professional Financial Company is pension and profit sharing plans with 6 clients and $62 million of assets under management. Among the 9 most similar advisory firms, The Professional Financial Company has the highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $118 million for 148 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.

The Professional Financial Company doesn't advise any private funds.

Careers at The Professional Financial Company LLC

The company employs 3 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 3 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
William Bruce Miller	Principal & chief compliance officer	1 Sep 2015	Other	5844796
The W. Bruce Miller Revocable Trust	Member	1 Sep 2015	75% - 100%	n/a
The Mary G. Miller Revocable Trust	Member	1 Sep 2015	Other	n/a

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
William Bruce Miller	Trustee	1 Apr 2015	Other	5844796
Mary G Miller	Trustee	1 Apr 2015	Other	6947569

Based in Pleasant Grove

The principal office where The Professional Financial Company LLC performs its advisory services is located at 801 S Pleasant Grove Blvd, Pleasant Grove, UT 84062, 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 (801) 701-7141 or by fax (888) 417-7714. 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 thepfc.com.