P Solve LLC (Waltham)

Name: P Solve LLC
Address: 130 Turner St., Waltham, MA, 02453
Telephone: 781-373-6900

P Solve LLC is a large advisory firm based in Waltham. It manages $4.37 billion of regulatory assets for 64 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Massachusetts, New Hampshire, and Rhode Island.

P Solve 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.

P Solve: assets under management

The assets under management (AUM) of P Solve LLC is $4.37 billion. The firm's AUM has grown by 4% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $819.81 million in discretionary accounts and $3.55 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $27.33 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $104.34 million.

P Solve has custody of $55 million in cash and securities for 3 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay P Solve LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

Careers at P Solve LLC

The company employs 30 people that are either part- or full-time employees. 57 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 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
P Solve Holdings Ltd	Owner	1 Apr 2000	75% - 100%	03558766
Ryan Darden Mcglothlin	Managing director, chief compliance officer	1 Dec 2009	Other	2956745
Daniel Philip Cassidy	Managing director	1 Feb 2012	Other	4991897

Indirect Owners

The SEC currently registers 5 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Punter Southall Group Limited	Indirect owner	1 Mar 2014	25% - 50%	04096788
River And Mercantile Group Limited	Indirect owner	1 Mar 2014	75% - 100%	4035248
P Solve Holdings Ltd	Direct owner	1 Mar 2014	75% - 100%	3558766
Punter Southall Employee Benefit Trust	Indirect owner	1 Mar 2014	25% - 50%	0000000
Psc Trustees Limited	Indirect owner	1 Mar 2014	25% - 50%	5089530

Based in Waltham

The principal office where P Solve LLC performs its advisory services is located at 130 Turner St., Waltham, MA 02453, which is also the mailing address of the firm. An additional office of the firm is in Chicago, IL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 781-373-6900 or by fax 781-373-6902. The normal business hours are 8 am to 5 pm on Monday - Friday. You can find more information about the New York firm at palisadescapital.com.