Presper Financial Architects, LLC (Akron)

Name: Presper Financial Architects, LLC
Address: 520 South Main Street, Akron, OH, 44311 1077
Telephone: 330-253-6000

Presper Financial Architects, LLC is a large advisory firm based in Akron. It manages $164.39 million of regulatory assets for 1,116 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Florida, North Carolina, Ohio, South Carolina, and Texas.

Presper Financial Architects provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and educational seminars and workshops. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Presper Financial Architects: assets under management

The assets under management (AUM) of Presper Financial Architects, LLC is $164.39 million. The firm's AUM has grown by 10% since the beginning of its operation, and $211.2 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $163.8 million in discretionary accounts and $588.64 thousand in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $147.04 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $294.32 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 83% of the total AUM. The second-largest asset type is exchange traded securities, which make up 12% of the firm’s portfolio. Investments in state and local bonds form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Presper Financial Architects, LLC for their services and products based on a percentage of assets under management, hourly charges, 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 Presper Financial Architects serves?

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Presper Financial Architects is individuals with 448 clients and $104.18 million of assets under management. Among the 6 most similar advisory firms, Presper Financial Architects has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $164.39 million for 488 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Presper Financial Architects doesn't advise any private funds.

Careers at Presper Financial Architects, LLC

The company employs 8 people that are either part- or full-time employees. 88 percent of the employees work as investment advisers or researchers. 4 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Thomas Michael Presper	Managing member/ cco	1 Jun 2018	50% - 75%	1480210
Sonya Denise Presper	Member	1 Jun 2018	50% - 75%	6959055

Based in Akron

The principal office where Presper Financial Architects, LLC performs its advisory services is located at 520 South Main Street, Akron, OH 44311 1077, which is also the mailing address of the firm. An additional office of the firm is in North Canton, OH. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 330-253-6000 or by fax 330-374-1161. The normal business hours are 8:00am to 5:00pm on Monday - Friday. You can find more information about the New York firm at presperfinancial.com and its LinkedIn profile.