Prim Advisors Inc (Independence)


Prim Advisors Inc is an adviser based in Independence. It manages $46.23 million of regulatory assets for 261 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, New York, Ohio, and Texas.

Prim Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, selection of other advisers, and performance-based audits, portfolio monitoring and other investment consulting services. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Prim Advisors: assets under management

The assets under management (AUM) of Prim Advisors Inc is $46.23 million. The firm's AUM has gone down by -80% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $45.76 million in discretionary accounts and $467.41 thousand in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $176.01 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $467.41 thousand.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Prim Advisors Inc for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

Indirect Owners

The SEC currently registers 4 indirect owners.

Name Entity Date acquired Ownership Employer ID
Michael Cameron Brady Shareholder, vp, treasurer 1 Dec 1997 Other 1320686
Joseph Anthony Lombardo Shareholder, president, ceo 1 Dec 1997 50% - 75% 1453769
Howard M Long Shareholder 1 Apr 1999 Other 4073339
Anthony Daniel Delfre Shareholder, vp, secretary 1 Apr 1999 Other 2194365

Based in Independence

The principal office where Prim Advisors Inc performs its advisory services is located at 6500 Rockside Road, Independence, OH 44131, 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 216-830-1111 or by fax 216-447-1938. The normal business hours are 9am to 5pm on Monday - Friday. You can find more information about the New York firm at www.primcapital.com.