Primetrust Advisors LLC (Greenville)


Primetrust Advisors LLC is a large advisory firm based in Greenville. It manages $278.22 million of regulatory assets for 13 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdiction of South Carolina.

Primetrust Advisors provides pension consulting 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.

Primetrust Advisors: assets under management

The assets under management (AUM) of Primetrust Advisors LLC is $278.22 million. The firm's AUM has grown by 326% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $57.81 million in discretionary accounts and $220.41 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $19.27 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $22.04 million.

Investments

The firm invests in investment and business development companies the most. They account for 79% of the total AUM. The second-largest asset type is pooled investment vehicles, which make up 16% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Primetrust Advisors 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.

What kind of clients Primetrust Advisors serves?

The only and largest group of clients of Primetrust Advisors is pension and profit sharing plans with 7 clients and $278.22 million of assets under management. Among the 8 most similar advisory firms, Primetrust Advisors has the highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $278.22 million for 7 clients. None of the firm’s clients are foreign persons or businesses.

Primetrust Advisors doesn't advise any private funds.

Careers at Primetrust Advisors LLC

The company employs 3 people that are either part- or full-time employees. 67 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 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.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Julian Grice Hunt Principal/chief compliance officer/member 1 Aug 2006 50% - 75% 1771575
Archibald Hardy Principal/member 1 Aug 2006 25% - 50% 5111420

Based in Greenville

The principal office where Primetrust Advisors LLC performs its advisory services is located at 101 College Street, Greenville, SC 29601, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 864-552-4020 or by fax 864-552-4016. The normal business hours are 8:30-5:00 est on Monday - Friday. You can find more information about the New York firm at primetrustadvisors.com/.