Pgr Solutions, LLC (San Jose)

Name: Pgr Solutions, LLC
Address: 2107 North 1 St Street, San Jose, CA, 95131
Telephone: (408) 871-1590

Pgr Solutions, LLC is a large advisory firm based in San Jose. It manages $676.19 million of regulatory assets for 1,003 client accounts. It has been registered with the SEC as an adviser since 2003 and has operated in the jurisdictions of Alaska, Arizona, California, and 9 other states.

Pgr Solutions provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and 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.

Pgr Solutions: assets under management

The assets under management (AUM) of Pgr Solutions, LLC is $676.19 million. The firm's AUM has grown by 1777% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $675.07 million in discretionary accounts and $1.12 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $681.2 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $93.54 thousand.

Pgr Solutions has custody of $218.71 million in cash and securities for 250 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 99% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 1% of the firm’s portfolio.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Pgr Solutions, LLC for their services and products based on a percentage of assets under management. 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 Pgr Solutions serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Pgr Solutions is pension and profit sharing plans with 72 clients and $166.02 million of assets under management. Among the 12 most similar advisory firms, Pgr Solutions has the highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $427.03 million for 553 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Pgr Solutions doesn't advise any private funds.

Careers at Pgr Solutions, LLC

The company employs 18 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 12 employees are registered as investment adviser representatives with the state securities authorities.

There are 2 people 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 receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
John William Pihl	Llc member	1 Feb 2002	25% - 50%	363519
David Elvyn Roberts	Managing llc member	1 Jul 2002	25% - 50%	819616
Daniel Charles Gutierrez	Llc member	1 Jul 2002	25% - 50%	2411599
Kelly L. Roemers	Chief compliance officer, llc member	1 Sep 2002	Other	4387930
Kelly Lynn Roemers	Cco	1 Sep 2002	Other	xxx-xx-xxxx
Sheldon Reynolds Barker	Partner	1 Feb 2007	25% - 50%	2134282
Eric James Schwertley	Llc member	1 Jan 2012	Other	4995723
Ann Marie Christian	Llc member	1 Jan 2012	Other	6037967
Jacob Richard Parsons	Llc member	1 Jan 2013	Other	5086534

Based in San Jose

The principal office where Pgr Solutions, LLC performs its advisory services is located at 2107 North 1 St Street, San Jose, CA 95131, which is also the mailing address of the firm. An additional office of the firm is in El Dorado Hills, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (408) 871-1590 or by fax 866-294-7650. The normal business hours are 8:00 am - 3:00 pm on Monday - Friday. You can find more information about the New York firm at pgrretirementplanservices.com.