Padco Advisors Inc (Rockville)

Name: Padco Advisors Inc
Address: 9601 Blackwell Road, Rockville, MD, 20850
Telephone: 301-296-5100

Padco Advisors Inc is a large advisory firm based in Rockville. It manages $8.76 billion of regulatory assets for 63 client accounts. It has been registered with the SEC as an adviser since 2001.

Padco Advisors provides portfolio management for investment companies, portfolio management for pooled investment vehicles, and pension consulting services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Padco Advisors: assets under management

The assets under management (AUM) of Padco Advisors Inc is $8.76 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 49% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $8.76 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $139.04 million each.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Padco Advisors 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.

Careers at Padco Advisors Inc

Albert Paul Viragh has been acting as President since 1 Feb 1993. John Forest Frye joined the executive team most recently as the Treasurer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Albert Paul Viragh	President	1 Feb 1993	75% - 100%	1376025
Amanda Catherine Viragh	Director	1 Jan 1994	Other	2619823
Robert J Virah	Stockholder	1 Jan 1994	Other	4361327
Mark S Viragh	Stockholder	1 Jan 1994	Other	4361344
Jean M Dahl	Stockholder	1 Jan 1994	Other	4361347
Katherine A Virah	Stockholder	1 Jan 1994	Other	4361350
Robert J Viragh	Stockholder	1 Jan 1994	Other	4361327
Katherine A Viragh	Stockholder	1 Jan 1994	Other	4361350
Mark Stephen Viragh	Trustee and stockholder	1 Jan 1994	Other	4361344
Katherine Anne Viragh	Trustee and stockholder	1 Jan 1994	Other	4756989
Jean Marie Dahl	Stockholder	1 Jan 1994	Other	4361347
Viragh Irrevocable Grantor Trust	Stockholder	1 Dec 1997	75% - 100%	49-3446816
Michael Paul Byrum	Executive vice president	1 Jul 2001	Other	2254181
Robert Matthew Steele	Executive vice president	1 Jul 2001	Other	1087247
Joanna Marie Haigney	Secretary and assistant treasurer	1 Aug 2002	Other	4148421
Mark Stephen Viragh	Trustee	1 Dec 2003	Other	4361344
Michael Paul Byrum	Executive vice president and chief operating officer	1 Dec 2003	Other	2254181
Carl Gerard Verboncoeur	President and chief executive officer	1 Dec 2003	Other	1371808
2003 Dynamic Irrevocable Trust	Shareholder	1 Dec 2003	75% - 100%	25-6844515
Katherine Anne Viragh	Trustee	1 Dec 2003	Other	4756989
Roger Edward Young	Trustee	1 Dec 2003	Other	4757001
2003 Irrevocable Trust For The Family Of Skip Viragh	Shareholder	1 Dec 2003	Other	25-6842157
Inc. Rydex Holdings	Shareholder	1 Dec 2003	75% - 100%	00-0000000
Joanna Marie Haigney	Chief compliance officer	1 Sep 2004	Other	4148421
Inc. Rydex Holdings	Shareholder	1 Dec 2005	75% - 100%	20-3841107
Rydex Holdings Llc	Shareholder	1 Jan 2008	75% - 100%	26-0614356
Michael Paul Byrum	Director	1 Jan 2008	Other	2254181
Carl Gerard Verboncoeur	Director	1 Jan 2008	Other	1371808
Llc Rydex Holdings	Shareholder	1 Jan 2008	75% - 100%	26-0614356
Richard Mark Goldman	Director & chief executive officer	1 Jan 2009	Other	4408256
Thomas Richard Kaehr	Vice president & treasurer	1 Jan 2009	Other	4601435
John Forest Frye	Treasurer	1 Dec 2009	Other	5573869

Indirect Owners

The SEC currently registers 10 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Security Benefit Corporation	Shareholder	1 Jul 1998	75% - 100%	48-1202239
Security Benefit Mutual Holding Co.	Shareholder	1 Jul 1998	75% - 100%	48-6356867
2003 Dyanamic Irrevocable Trust	Shareholder	1 Dec 2003	25% - 50%	25-6844515
2003 Dynamic Irrevocable Trust As Trustee Under Stock Agreement	Shareholder	1 Dec 2003	50% - 75%	00-0000000
2003 Dyanamic Irrevocable Trust	Shareholder	1 Dec 2005	75% - 100%	25-6844515
2003 Dyanamic Irrevocable Trust	Shareholder	1 Dec 2006	50% - 75%	25-6844515
2003 Irrevocable Trust For Family Of Skip Viragh	Shareholder	1 Dec 2006	25% - 50%	25-6842157
Inc. Rydex Nv	Shareholder	1 Dec 2006	75% - 100%	71-1018378
Security Benefit Life Insurance Co.	Shareholder	1 Jan 2008	50% - 75%	48-0409770
Security Benefit Corporation	Shareholder	1 Jan 2008	25% - 50%	48-1202239

Based in Rockville

The principal office where Padco Advisors Inc performs its advisory services is located at 9601 Blackwell Road, Rockville, MD 20850, which is also the mailing address of the firm. The firm also has an office outside of the United States.

You can reach the main office by calling the phone number 301-296-5100 or by fax 301-296-5108. The normal business hours are 8:30 - 5:30 on Monday - Friday. You can find more information about the New York firm at www.rydexfunds.com.