Petrovic Financial Solutions LLC (Prairie Village)

Petrovic Financial Solutions LLC is a large advisory firm based in Prairie Village. It manages $121.63 million of regulatory assets for 512 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of Kansas, Missouri, and Texas.

Petrovic Financial Solutions provides financial planning services, portfolio management for individuals and small businesses, and pension consulting services. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Petrovic Financial Solutions: assets under management

The assets under management (AUM) of Petrovic Financial Solutions LLC is $121.63 million. The firm's AUM has grown by 17% since the beginning of its operation, and $64.12 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $120.57 million in discretionary accounts and $1.06 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $235.95 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.06 million.

Petrovic Financial Solutions has custody of $1.06 million in cash and securities for 2 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 61% of the total AUM. The second-largest asset type is exchange traded securities, which make up 32% 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 Petrovic Financial Solutions LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. 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.

What kind of clients Petrovic Financial Solutions serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Petrovic Financial Solutions is high net worth individuals with 40 clients and $77.86 million of assets under management. Among the 11 most similar advisory firms, Petrovic Financial Solutions has the 6th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $120.57 million for 151 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Petrovic Financial Solutions doesn't advise any private funds.

Careers at Petrovic Financial Solutions LLC

The company employs 4 people that are either part- or full-time employees. 75 percent of the employees work as investment advisers or researchers. 3 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 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
Alexander Michael Petrovic	President / manager / member /chief compliance officer	1 Jul 2015	75% - 100%	4934721

Based in Prairie Village

The principal office where Petrovic Financial Solutions LLC performs its advisory services is located at 4200 Somerset Drive, Suite 217, Prairie Village, KS 66208, 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 913-385-5523 or by fax 913-385-5524. The normal business hours are 8:30 am - 5:00 pm on Monday - Friday.