Promanage, LLC is a large advisory firm based in Chicago. It manages $3.06 billion of regulatory assets for 6 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of Arkansas, California, Connecticut, and 20 other states.
Promanage provides financial planning services, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and retirement readiness statements & financial wellness application. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Promanage, LLC is $3.06 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 2251% 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 Promanage, 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.
The only and largest group of clients of Michael Mcclelland Chard is pension and profit sharing plans with 6 clients and $3.06 billion of assets under management. Among the 8 most similar advisory firms, Promanage has the highest percentage of pension and profit sharing plans out of all clients.
The amount of regulatory assets under management is $3.06 billion for 6 clients. None of the firm’s clients are foreign persons or businesses.
Promanage doesn't advise any private funds.
The company employs 14 people that are either part- or full-time employees. 50 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.
Michael Mcclelland Chard has been acting as President since 1 Jul 2018. Michael Scott Falk has served as the Chief Investment Officer since 1 Oct 2004. Anthony Sabos joined the executive team most recently as the Managing Member & Ceo.
The principal office where Promanage, LLC performs its advisory services is located at 130 E Randolph St, Chicago, IL 60601, which is also the mailing address of the firm. An additional office of the firm is in St Louis, MO. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 312-456-0665 or by fax 312-726-3097. 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 promanageplan.com.