Pks Advisory Services, LLC (Albany)

Name: Pks Advisory Services, LLC
Address: 18 Corporate Woods Boulevard, Albany, NY, 12211
Telephone: (518) 426-5791

Pks Advisory Services, LLC is a large advisory firm based in Albany. It manages $478.74 million of regulatory assets for 2,646 client accounts. It has been registered with the SEC as an adviser since 2003 and has operated in the jurisdictions of Arizona, Arkansas, California, and 35 other states.

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

Pks Advisory Services: assets under management

The assets under management (AUM) of Pks Advisory Services, LLC is $478.74 million. The firm's AUM has grown by 1568% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $348.38 million in discretionary accounts and $130.36 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $160.99 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $270.45 thousand.

Pks Advisory Services has custody of $54.08 million in cash and securities for 309 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 88% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 8% of the firm’s portfolio. Investments in exchange traded securities form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Pks Advisory Services, LLC for their services and products based on a percentage of assets under management 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 Keith Owen Flood serves?

The firm provides services to individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of Keith Owen Flood is individuals with 1,613 clients and $311.76 million of assets under management. Among the 11 most similar advisory firms, Pks Advisory Services has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $466.41 million for 1,769 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.

Pks Advisory Services doesn't advise any private funds.

Careers at Pks Advisory Services, LLC

The company employs 46 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 46 employees are registered as investment adviser representatives with the state securities authorities.

There are 7 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.

Keith Owen Flood has been acting as President since 1 Apr 2007. Wentworth Management Services Llc joined the executive team most recently as the Owner.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Llc Pks Holdings	Sole member	1 Oct 2001	75% - 100%	14-1788781
Peter S. Taft	President/coo	1 Oct 2001	Other	4648772
Albert Stanley Paulson	Cio	1 Oct 2001	Other	2724703
Peter Stephen Taft	President / chief compliance officer	1 Oct 2001	Other	4648772
Keith Owen Flood	President/chief compliance officer	1 Apr 2007	Other	2001256

Indirect Owners

The SEC currently registers 6 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Michael Theodore Staff	Member	1 Dec 1995	25% - 50%	2724701
John Peter Purcell	Member	1 Dec 1995	25% - 50%	1664678
Alexander Chiam Markowits	Owner	1 Jul 2015	75% - 100%	6561516
Llc Mhc Securities	Owner	1 Nov 2017	75% - 100%	47-4611267
Wentworth Management Services Llc	Owner	1 Nov 2017	75% - 100%	81-5017119
Wentworth Management Services Llc	Owner	1 Dec 2017	75% - 100%	81-5017119

Based in Albany

The principal office where Pks Advisory Services, LLC performs its advisory services is located at 18 Corporate Woods Boulevard, Albany, NY 12211, which is also the mailing address of the firm. An additional office of the firm is in Loudonville, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (518) 426-5791 or by fax (518) 935-9601. The normal business hours are 9:00am-5:00pm on Monday - Friday. You can find more information about the New York firm at albanyadvisor.com.