Probabilities Fund Management, LLC (White Plains)

Name: Probabilities Fund Management, LLC
Address: 8 Cottage Place, White Plains, NY, 10601
Telephone: 800-519-0438

Probabilities Fund Management, LLC is a large advisory firm based in White Plains. It manages $141.53 million of regulatory assets for 98 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of California, Connecticut, Florida, and 5 other states.

Probabilities Fund Management provides portfolio management for individuals and small businesses and portfolio management for investment companies. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Probabilities Fund Management: assets under management

The assets under management (AUM) of Probabilities Fund Management, LLC is $141.53 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 254% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $141.53 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.44 million each.

Investments

The firm invests in exchange traded securities the most. They account for 61% of the total AUM. The second-largest asset type is investment and business development companies, which make up 20% of the firm’s portfolio. Investments in cash and cash equivalents form 17% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Probabilities Fund Management, LLC for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients David Paul Rabin serves?

The firm provides services to individuals, investment companies, high net worth individuals, pooled investment vehicles, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of David Paul Rabin is investment companies with 2 clients and $57.18 million of assets under management. Among the 8 most similar advisory firms, Probabilities Fund Management has the highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $141.53 million for 97 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.

Probabilities Fund Management doesn't advise any private funds.

Careers at Probabilities Fund Management, LLC

The company employs 5 people that are either part- or full-time employees. 60 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.

Probabilities Fund Management, LLC is owned by Robert Burns Ausdal. David Paul Rabin has been acting as President since 1 Aug 2014. Allen Dudley Shepard joined the executive team most recently as the Owner.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Joseph Brian Childrey	Managing member	1 Apr 2007	75% - 100%	1811921
Jonathan Lesley Chatfield	Chief compliance officer	1 Dec 2013	Other	2583511
Mary Christine Gray	Executive vice president operations	1 Jan 2014	Other	2029228
Albert K Davis	Executive vice president sales	1 Jan 2014	Other	2233871
David Paul Rabin	President	1 Aug 2014	Other	2460401
Robert Burns Ausdal	Owner	1 Mar 2017	Other	734479
Allen Dudley Shepard	Owner	1 Mar 2017	Other	4921547
W. Reed Foster	Owner	1 Mar 2017	Other	6771886

Based in White Plains

The principal office where Probabilities Fund Management, LLC performs its advisory services is located at 8 Cottage Place, White Plains, NY 10601, 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 800-519-0438 or by fax 888-564-1376. The normal business hours are 6:30 a.m. - 3:30 p.m. on Monday - Friday. You can find more information about the New York firm at probabilitiesfund.com.