Pettinga Financial Advisors, LLC (Evansville)

Name: Pettinga Financial Advisors, LLC
Address: 519 Main Street, Ste 100, Evansville, IN, 47708
Telephone: 812-436-4000

Pettinga Financial Advisors, LLC is a large advisory firm based in Evansville. It manages $716.64 million of regulatory assets for 1,934 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdictions of California, Florida, Georgia, and 6 other states.

Pettinga Financial Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Pettinga Financial Advisors: assets under management

The assets under management (AUM) of Pettinga Financial Advisors, LLC is $716.64 million. The firm's AUM has grown by 30% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $699.49 million in discretionary accounts and $17.16 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $379.13 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $192.77 thousand.

Pettinga Financial Advisors has custody of $36.52 million in cash and securities for 74 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 74% of the total AUM. The second-largest asset type is government bonds, which make up 8% of the firm’s portfolio. Investments in exchange traded securities form 7% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Pettinga Financial Advisors, LLC for their services and products based on a percentage of assets under management and fixed 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 Mark Victor Pettinga 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 Mark Victor Pettinga is high net worth individuals with 240 clients and $529.51 million of assets under management. Among the 6 most similar advisory firms, Pettinga Financial Advisors has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $716.64 million for 580 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.

Pettinga Financial Advisors doesn't advise any private funds.

Careers at Pettinga Financial Advisors, LLC

The company employs 8 people that are either part- or full-time employees. 63 percent of the employees work as investment advisers or researchers. 5 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.

Mark Victor Pettinga has been acting as President since 1 Jul 1994. Focus Financial Partners Inc. joined the executive team most recently as the Member.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Mark Victor Pettinga	President	1 Jul 1994	Other	2535819
Matthew Edward Volkman	Vice president	1 Jan 2005	Other	2511388
Brian Jay Goebel	Chief compliance officer/ vice president	1 May 2005	Other	4581023
Joseph M Danks	Chief operations officer	1 Jan 2009	Other	5637381
Mark Victor Pettinga	President, ceo & cio	1 Dec 2010	Other	2535819
Matthew Edward Volkman	Senior vice president	1 Dec 2010	Other	2511388
Brian Jay Goebel	Senior vice president	1 Dec 2010	Other	4581023
Llc Focus Operating	Member (manager)	1 Dec 2010	75% - 100%	20-8161914
Joseph M Danks	Director of operations	1 Dec 2010	Other	5637381
Tonya Faye Borders	Cco, cfo & coo	1 Jan 2011	Other	5307748

Indirect Owners

The SEC currently registers 11 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Lp Summit Partners Vi (Gp)	General partner	1 Dec 2000	Other	04-3540852
Llc Summit Partners Vi (Gp)	General partner	1 Dec 2000	Other	04-3568448
L.P. Summit Ventures Vi A	Member (manager)	1 Jan 2006	25% - 50%	04-3540853
L.P. Summit Venture Vi A	Member (manager)	1 Jan 2006	25% - 50%	04-3540853
Llc Focus Financial Partners	Member	1 Jan 2007	75% - 100%	16-1728260
L.P. Cp Falcon Aiv	Member	1 Oct 2013	25% - 50%	36-4767158
L.P. Trident Vi Parallel Fund	Member	1 Apr 2017	75% - 100%	98-1132009
Trident Ffp Blocker Llc	Limited partner	1 May 2017	25% - 50%	82-1662776
L.P. Trident Vi	Limited partner	1 May 2017	25% - 50%	98-1131820
L.P. Trident Ffp	Member	1 Jul 2017	25% - 50%	82-1662703
Focus Financial Partners Inc.	Member	1 Jul 2018	75% - 100%	47-4780811

Based in Evansville

The principal office where Pettinga Financial Advisors, LLC performs its advisory services is located at 519 Main Street, Ste 100, Evansville, IN 47708, 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 812-436-4000 or by fax 812-436-4004. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at pettinga.com/.