Persium Advisors, LLC (Atlanta)


Persium Advisors, LLC is a large advisory firm based in Atlanta. It manages $134.96 million of regulatory assets for 166 client accounts. It has been registered with the SEC as an adviser since 2019 and has operated in the jurisdictions of Georgia and Texas.

Persium Advisors provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and educational seminars and workshops. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Persium Advisors: assets under management

The assets under management (AUM) of Persium Advisors, LLC is $134.96 million, all of which is managed in discretionary accounts. The company doesn't manage any assets belonging to foreign clients.

The firm manages $134.96 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $813.01 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 82% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 12% of the firm’s portfolio. Investments in state and local bonds form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Persium 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 Persium Advisors serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Persium Advisors is pension and profit sharing plans with 10 clients and $67.18 million of assets under management. Among the 10 most similar advisory firms, Persium Advisors has the highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $134.96 million for 74 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.

Persium Advisors doesn't advise any private funds.

Careers at Persium Advisors, LLC

The company employs 7 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 6 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 compensates 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
Patrick Andrew Ungashick Ceo/managing member 1 Jan 2011 Other 3008861
Stephen Lyle Griner President, coo, chief compliance officer 1 Jan 2011 Other 4468126
Llc Persium Group Parent company 1 Jan 2015 75% - 100% 47-2666367

Indirect Owners

The SEC currently registers 4 indirect owners.

Name Entity Date acquired Ownership Employer ID
Stephen Lyle Griner Shareholder 1 Jan 2010 75% - 100% 4468126
Patrick Andrew Ungashick Shareholder 1 Oct 2010 75% - 100% 3008861
Inc. Griner Enterprises Holdings Member 1 Jan 2015 25% - 50% 20-4870292
Inc. Pu Consulting Member 1 Jan 2015 25% - 50% 80-0654474

Based in Atlanta

The principal office where Persium Advisors, LLC performs its advisory services is located at 6190 Powers Ferry Road, Atlanta, GA 30339, 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 678-322-3000 or by fax 678-322-3059. 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 persiumgroup.com.