Prime Advisors Inc is a large advisory firm based in Redmond. It manages $17.66 billion of regulatory assets for 359 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Connecticut, and Washington.
Prime Advisors provides portfolio management for businesses and institutional clients and prime provides sub-advisory services to organizations providing family office services.. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Prime Advisors Inc is $17.66 billion. The firm's AUM has grown by 699% since the beginning of its operation, and $196.65 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Prime Advisors Inc for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to insurance companies, charitable organizations, and high net worth individuals. The largest group of clients of Duane Irwin Castles is insurance companies with 74 clients and $12.05 billion of assets under management. Among the 8 most similar advisory firms, Prime Advisors has the highest percentage of insurance companies out of all clients.
The amount of regulatory assets under management is $17.56 billion for 85 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 5% of the firm’s clients are foreign persons or businesses.
Prime Advisors doesn't advise any private funds.
The company employs 56 people that are either part- or full-time employees. 43 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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.
Duane Irwin Castles has been acting as President since 1 Nov 2011. Marc Wallace Tollefson has served as the Chief Investment Officer since 1 Jul 2007. Randolph Brill Brown joined the executive team most recently as the Board Member.
The principal office where Prime Advisors Inc performs its advisory services is located at 22635 Ne Marketplace Drive, Redmond, WA 98053, which is also the mailing address of the firm. An additional office of the firm is in Windsor, CT. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 425-202-2000 or by fax 425-202-2001. The normal business hours are 6:30 am to 4:00 pm on Monday - Friday. You can find more information about the New York firm at primeadvisors.com/ and its LinkedIn profile.