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.
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 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. 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 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.
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.
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/.