Proshare Advisors LLC is a large advisory firm based in Bethesda. It manages $29.45 billion of regulatory assets for 126 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdiction of Maryland.
Proshare Advisors provides portfolio management for investment companies and commodity pool operator. 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 Proshare Advisors LLC is $29.45 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 1263% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has a single stream of revenue. Clients pay Proshare Advisors 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.
The only and largest group of clients of Proshare Advisors is investment companies with 126 clients and $29.45 billion of assets under management. Among the 8 most similar advisory firms, Proshare Advisors has the 2nd highest percentage of investment companies out of all clients.
The amount of regulatory assets under management is $29.45 billion for 126 clients. None of the firm’s clients are foreign persons or businesses.
Proshare Advisors doesn't advise any private funds.
The company employs 140 people that are either part- or full-time employees. 29 percent of the employees work as investment advisers or researchers. 10 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.
Todd Bruce Johnson has served as the Chief Investment Officer since 1 Dec 2008 and Michael Lynn Sapir is the Chief Executive Officer of Proshare Advisors LLC family office. Richard Francis Morris joined the executive team most recently as the General Counsel.
The principal office where Proshare Advisors LLC performs its advisory services is located at 7501 Wisconsin Avenue, Bethesda, MD 20814 6527, 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 240-497-6400 or by fax (301) 634-4323. The normal business hours are 9:00 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at proshares.com/.