Portfolio Advisors LLC (Darien)

Name: Portfolio Advisors LLC
Address: 9 Old Kings Highway South, Darien, CT, 06820
Telephone: 203-662-3456

Portfolio Advisors LLC is a large advisory firm based in Darien. It manages $23.53 billion of regulatory assets for 110 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alaska, Arizona, Arkansas, and 32 other states.

Portfolio Advisors provides portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm also engages as portfolio performance measurement & reporting.

Portfolio Advisors: assets under management

The assets under management (AUM) of Portfolio Advisors LLC is $23.53 billion. The firm's AUM has grown by 470% since the beginning of its operation, and $5.33 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $21.55 billion in discretionary accounts and $1.98 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $247.68 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $86.18 million.

Portfolio Advisors has custody of $13.68 billion in cash and securities for 77 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in pooled investment vehicles the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Portfolio Advisors LLC for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and performance-based 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 Portfolio Advisors serves?

The firm provides services to insurance companies, investment companies, charitable organizations, pooled investment vehicles, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Portfolio Advisors is pooled investment vehicles with 95 clients and $14.95 billion of assets under management. Among the 8 most similar advisory firms, Portfolio Advisors has the 3rd lowest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $23.53 billion for 110 clients. 33% of the firm’s clients are foreign persons or businesses.

Portfolio Advisors also advises several private funds. Namely, one liquidity fund and seventy private equity funds. The minimum investment commitment required of non-related persons ranges from $0 to $497,059,198.

Careers at Portfolio Advisors LLC

The company employs 100 people that are either part- or full-time employees. 65 percent of the employees work as investment advisers or researchers. No 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.

Portfolio Advisors LLC is owned by Donna Oswald Smolens. Christopher T Ruder joined the executive team most recently as the Owner.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Llc Landmark Portfolio Advisors	Owner	1 Jun 1994	25% - 50%	06-1284156
Jonathan Farmer Murphy	Owner	1 Jun 1994	Other	343281
Brian Potter Murphy	Managing director	1 Jun 1997	Other	4354852
William Joseph Indelicato	Managing director	1 Jun 1997	Other	4354862
Brian Murphy	Owner	1 Jun 1997	Other	4354852
William Indelicato	Owner	1 Jun 1997	Other	4354862
Llc Landmark Portfolio Advisors	Owner	1 Jun 1997	Other	06-1284156
Jonathan Farmer Murphy	Owner	1 Jun 1997	Other	343281
Todd Alger Hughes	Owner	1 Jun 1997	Other	2796941
Paul Rowland Crotty	Managing director	1 Aug 1997	Other	4354858
Paul Crotty	Owner	1 Aug 1997	Other	4354858
Hugh J. Perloff	Owner	1 Jan 1999	Other	5105722
Kenneth Mark Wisdom	Owner	1 Jan 2001	Other	4292192
William Edward Walsh	Owner	1 Jan 2003	Other	1271639
Donna Oswald Smolens	Managing director	1 Sep 2003	Other	3041753
Donna Oswald Smolens	Owner	1 Jan 2004	Other	3041753
Christopher T Ruder	Chief compliance officer	1 Feb 2005	Other	4662131
Michael A Trinkaus	Chief financial officer	1 Jul 2005	Other	5508023
Jesse Eisenberg	Chief legal officer	1 May 2006	Other	5316093
Harry Duane Pierandri	Managing director	1 Sep 2006	Other	1759599
Todd Alger Hughes	Managing director	1 Jan 2008	Other	2796941
Christopher T Ruder	Managing director	1 Jan 2008	Other	4662131
Kenneth Mark Wisdom	Managing director	1 Jan 2008	Other	4292192
Jesse Eisenberg	Chief compliance officer	1 Jan 2008	Other	5316093
The Bpm Family Trust	Owner	1 Jan 2009	Other	xxx-xx-xxxx
Nicolas Von Der Schulenburg	Managing director	1 Jul 2009	Other	5755863
Hugh J. Perloff	Managing director	1 Jul 2009	Other	5105722
Gregory J Garrett	Managing director	1 Jan 2010	Other	5768311
Adam Gerard Clemens	Managing director	1 Feb 2010	Other	2120537
Kenneth Spalter Jarvis	Managing director	1 Jan 2011	Other	2415734
Eric Lee Thunem	Managing director	1 Jan 2011	Other	2685244
Peter Schwanitz	Managing director	1 Jan 2011	Other	5906338
The Claire C. Gridley Trust	Owner	1 Jul 2011	Other	xxx-xx-xxxx
Indelicato Family Trust	Owner	1 Dec 2012	Other	xxx-xx-xxxx
Jason Landon	Managing director	1 Jan 2013	Other	6176541
Ryan Butler	Managing director	1 Jan 2013	Other	6176543
John Morrow Kyles	Managing director	1 Jan 2013	Other	4247427
Daniel Francis Dwyer	Senior compliance officer	1 Feb 2013	Other	4177352
Jesse Eisenberg	Managing director	1 Jan 2014	Other	5316093
Daniel Francis Dwyer	Chief compliance officer	1 Jan 2014	Other	4177352
Jenifer Keef Parker	Chief financial officer	1 Jan 2014	Other	3050541
Kenneth Binick	Managing director	1 Jan 2014	Other	3245814
Patrick E Connolly	Managing director	1 Jan 2014	Other	6314866
Charles William Harper	Managing director	1 Jan 2014	Other	2699183
Igor Maya Dacosta	Managing director	1 Jan 2014	Other	3091926
Jonathan A English	Managing director	1 Jan 2014	Other	6314869
Christopher Joseph Genovese	Managing director	1 Jan 2014	Other	5075635
Colin C Stauffer	Managing director	1 Jan 2014	Other	6314872
Eric John Staub	Managing director	1 Dec 2015	Other	4221792
Donna Oswald Smolens	Owner	1 Jan 2016	Other	3041753
Daniel Christopher Iamiceli	Chief financial officer-funds	1 Oct 2017	Other	5075105
Dirk Lienemann	Managing director	1 Oct 2017	Other	6933370
Christopher T Ruder	Owner	1 Dec 2017	Other	4662131

Indirect Owners

The SEC currently registers 5 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Louise Murphy	Trustee	1 May 2008	Other	6461025
Blake Murphy	Trustee	1 May 2008	Other	6461149
Christine V Crotty	Trustee	1 Jul 2011	Other	6460398
Susan Delong	Trustee	1 Jul 2011	Other	6461018
Patricia Indelicato	Trustee	1 Dec 2012	Other	6461156

Based in Darien

The principal office where Portfolio Advisors LLC performs its advisory services is located at 9 Old Kings Highway South, Darien, CT 06820, which is also the mailing address of the firm. An additional office of the firm is in Dunwoody, GA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 203-662-3456 or by fax 203-662-0013. The normal business hours are 8:30 - 5:00 on Monday - Friday. You can find more information about the New York firm at portfolioadvisorsllc.com.