Prentice Investment Management, LLC (Garrison)

Name: Prentice Investment Management, LLC
Address: 848 Route 9 D, Garrison, NY, 10524
Telephone: 845-661-8937

Prentice Investment Management, LLC is an adviser based in Garrison. It manages $24.4 million of regulatory assets for 33 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdiction of New York.

Prentice Investment Management provides portfolio management for individuals and small businesses, 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.

Prentice Investment Management: assets under management

The assets under management (AUM) of Prentice Investment Management, LLC is $24.4 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -5% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $24.4 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $739.39 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 76% of the total AUM. The second-largest asset type is investment and business development companies, which make up 16% of the firm’s portfolio. Investments in state and local bonds form 5% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Prentice Investment Management, LLC 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.

What kind of clients Prentice Investment Management serves?

The only and largest group of clients of Prentice Investment Management is individuals with 28 clients and $7.7 million of assets under management. Among the 2 most similar advisory firms, Prentice Investment Management has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $7.7 million for 28 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.

Prentice Investment Management doesn't advise any private funds.

Careers at Prentice Investment Management, LLC

The company employs 1 person that is either a part- or full-time employee. 100 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Nathaniel Sartell Prentice	Ceo, cco	1 Feb 2018	75% - 100%	832532

Based in Garrison

The principal office where Prentice Investment Management, LLC performs its advisory services is located at 848 Route 9 D, Garrison, NY 10524, 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 845-661-8937. The normal business hours are 9:00am to 5:00pm on Monday - Friday. You can find more information about the New York firm at linkedin.com.