Proequities Inc (Birmingham)

Name: Proequities Inc
Address: 2801 Highway 280 South, Birmingham, AL, 35223
Telephone: 800-288-3035

Proequities Inc is a large advisory firm based in Birmingham. It manages $3.38 billion of regulatory assets for 20,857 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 48 other states.

Proequities provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and educational seminars and workshops. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Proequities: assets under management

The assets under management (AUM) of Proequities Inc is $3.38 billion. The firm's AUM has grown by 587% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $2.75 billion in discretionary accounts and $625.27 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $154.35 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $207.18 thousand.

Proequities has custody of $1.85 billion in cash and securities for 7,803 clients in total and acts as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 39% of the total AUM. The second-largest asset type is investment and business development companies, which make up 32% of the firm’s portfolio. Investments in pooled investment vehicles form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Proequities Inc for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and commissions. Commissions are paid and earned by the adviser when a trade or a sales of an investment is made. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients John Robert Sawyer serves?

The firm provides services to individuals, investment companies, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of John Robert Sawyer is individuals with 11,017 clients and $2.45 billion of assets under management. Among the 13 most similar advisory firms, Proequities has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $3.38 billion for 12,195 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.

Proequities doesn't advise any private funds.

Careers at Proequities Inc

The company employs 1,464 people that are either part- or full-time employees. 53 percent of the employees work as investment advisers or researchers. 461 employees are registered as investment adviser representatives with the state securities authorities.

There are 6 people 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.

John Robert Sawyer has been acting as President since 1 Mar 2012. Harold Blaine Miller joined the executive team most recently as the Interim Director Of Operations.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Protective Life Corporation	Parent	1 Aug 1984	75% - 100%	95-2492236
Michael Bingham Ballard	President/ceo/director	1 Sep 1996	Other	1014024
Edmund Payne Perry	Director	1 Jan 1997	Other	2858247
John Thomas Cotton	Director	1 Jul 1999	Other	604077
Michael Joseph Mungenast	Chief operating officer	1 Dec 1999	Other	3206720
Milton Carl Fritts	Finop	1 Jul 2000	Other	4229484
Matthew Lathem Mccaskill	Srop/crop	1 Oct 2000	Other	3145692
William Bledsoe Iv Kemp	Municipal principal	1 Feb 2001	Other	2973008
Jacqueline Ann Lucas	Compliance officer	1 Feb 2001	Other	2055029
David Lane Timmons	Chief compliance officer	1 Mar 2001	Other	1664097
Nathan Allen Collins	Operations manager/srop/crop	1 May 2001	Other	1571224
Robert Stephen Briggs	Director	1 Jun 2001	Other	1087955
Suzette Merriam Foster	Chief compliance officer/municipal principal/options principal	1 Nov 2001	Other	3206717
Michael Joseph Mungenast	President/ceo	1 Jan 2003	Other	3206720
William Allen Porter	Chief marketing officer	1 Jan 2003	Other	2714412
Alan Eugene Watson	Director	1 Jan 2003	Other	718551
Bryan Michael Reed	Rop	1 Nov 2003	Other	2886966
Kay Ellen Sharpe	Municipal principal	1 Nov 2003	Other	2675221
Vanessa Michelle Williams	Crop	1 Mar 2004	Other	2755585
Bryan Michael Reed	Crop	1 Jun 2004	Other	2886966
Rory Marshall Hartley	Managing director, protective securities	1 Dec 2004	Other	1464251
Carolyn Macburney Johnson	Director	1 Nov 2006	Other	1536172
John Brian Sr Deremo	Director	1 May 2008	Other	1611844
Richard Scott Umstead	Chief marketing officer	1 Nov 2008	Other	817733
William Taylor Lovell	Chief marketing officer	1 Mar 2011	Other	869258
John Robert Sawyer	Director	1 Mar 2012	Other	2163226
Leanne Berthon Bishop	Finop	1 Sep 2012	Other	4133397
Paul Richard Wells	Director/board member	1 Apr 2013	Other	6188199
Mark Joseph Cyphert	Director/board member	1 Jul 2013	Other	6233118
Matthew Ames Riebel	President/ceo	1 Mar 2015	Other	1980108
Darren Cyril Guerrera	Cfo	1 Apr 2015	Other	2541120
Christopher Wade Flint	President/ceo	1 Jul 2015	Other	2804477
Christopher Wade Flint	Interim chief compliance officer	1 Oct 2015	Other	2804477
Harold Blaine Miller	Chief supervision officer	1 Dec 2015	Other	4214267
Stephen Michael Youhn	Chief compliance officer	1 Apr 2016	Other	1414691
Elizabeth Giltz Anderson	Vice president, advisory and planning	1 Jul 2016	Other	2209248
Matthew Ames Riebel	Director/board member	1 Jul 2017	Other	1980108
Cristi L Meyers	Interim director of operations	1 Mar 2018	Other	1493867
Aaron Christopher Seurkamp	Svp, life and annuity division	1 Jun 2018	Other	4751862
Harold Blaine Miller	Interim director of operations	1 Jul 2019	Other	4214267

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Limited The Dai Ichi Life Insurance Company	Complete	1 Feb 2015	75% - 100%	foreign

Based in Birmingham

The principal office where Proequities Inc performs its advisory services is located at 2801 Highway 280 South, Birmingham, AL 35223 The mailing address of the firm is P.O. Box 518, Birmingham, AL 35201 0518. An additional office of the firm is in Sugar Land, TX. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 800-288-3035 or by fax 205-268-3622. The normal business hours are 8:00am to 5:00pm on Monday - Friday. You can find more information about the New York firm at proequities.com/.