Progress Investment Management Company, LLC is a large advisory firm based in San Francisco. It manages $6.28 billion of regulatory assets for 23 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of California, Illinois, and New York.
Progress Investment Management Company provides portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Progress Investment Management Company, LLC is $6.28 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 67% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Progress Investment Management Company, LLC for their services and products based on a percentage of assets under management, fixed fees, 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.
The firm provides services to corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Karl White is state or municipal government entities with 16 clients and $5.72 billion of assets under management. Among the 8 most similar advisory firms, Progress Investment Management Company has the highest percentage of state or municipal government entities out of all clients.
The amount of regulatory assets under management is $6.28 billion for 23 clients. None of the firm’s clients are foreign persons or businesses.
Progress Investment Management Company doesn't advise any private funds.
The company employs 31 people that are either part- or full-time employees. 29 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.
Karl White has been acting as President since 1 May 2004. Patricia James Gerrick has served as the Chief Investment Officer since 1 May 2017. Mona Shelice Williams joined the executive team most recently as the President & Director.
The principal office where Progress Investment Management Company, LLC performs its advisory services is located at 33 New Montgomery St., San Francisco, CA 94105, 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 415-512-3480 or by fax 415-512-3475. The normal business hours are 8:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at progressinvestment.com.