Professional Advisory Services provides financial planning, portfolio management for individuals and small businesses, and retirement plan services. Financial planning was provided to 51–100 clients last fiscal year.
Professional Advisory Services reports 622 clients. They include 344 individual clients, 252 high-net-worth individuals and 10 charitable organizations. Of its assets, 100.0% ($1.26B across 1,234 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 55% | 16% |
| High-net-worth individuals | 41% | 81% |
| Banking or thrift institutions | 0% | 0% |
| Pension and profit-sharing plans | <1% | 2% |
| Charitable organizations | 2% | <1% |
| Other client typesState or municipal government entities; Other investment advisers; Insurance companies; Sovereign wealth funds and foreign official institutions; Corporations and other businesses; Other | 2% | 1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 344 | $199M | 15.8% | $578K |
| High-net-worth individuals | 252 | $1.02B | 80.7% | $4.03M |
| Banking or thrift institutions | Fewer than 5 | $0 | 0.0% | — |
| Pension and profit-sharing plans | 6 | $20.3M | 1.6% | $3.38M |
| Charitable organizations | 10 | $8.15M | 0.6% | $815K |
| State or municipal government entities | Fewer than 5 | $0 | 0.0% | — |
| Other investment advisers | Fewer than 5 | $0 | 0.0% | — |
| Insurance companies | Fewer than 5 | $0 | 0.0% | — |
| Sovereign wealth funds and foreign official institutions | Fewer than 5 | $0 | 0.0% | — |
| Corporations and other businesses | 10 | $15.7M | 1.2% | $1.57M |
| Other | Fewer than 5 | $0 | 0.0% | — |
| Total | 622 | $1.26B | 100% | — |
- Clients
- 344
- Regulatory AUM
- $199M
- AUM share
- 15.8%
- Avg. per client
- $578K
- Clients
- 252
- Regulatory AUM
- $1.02B
- AUM share
- 80.7%
- Avg. per client
- $4.03M
- Clients
- Fewer than 5
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- —
- Clients
- 6
- Regulatory AUM
- $20.3M
- AUM share
- 1.6%
- Avg. per client
- $3.38M
- Clients
- 10
- Regulatory AUM
- $8.15M
- AUM share
- 0.6%
- Avg. per client
- $815K
- Clients
- Fewer than 5
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- —
- Clients
- 10
- Regulatory AUM
- $15.7M
- AUM share
- 1.2%
- Avg. per client
- $1.57M
- Clients
- Fewer than 5
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- —
Total
- Clients
- 622
- Regulatory AUM
- $1.26B
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 51–100
Professional Advisory Services charges 0.50%–1.00% a year for its Annual fee schedule. Each asset band is charged at its own rate. The fee is billed in arrears.
| Asset band | Annual rate |
|---|---|
| $0–$500K | 1.00% |
| $500K–$1M | 0.90% |
| $1M–$2M | 0.80% |
| $2M–$3.5M | 0.70% |
| $3.5M–$5M | 0.60% |
| $5M and above | 0.50% |
Fee details and sources
David Jaffe owns 50% to 75% of Professional Advisory Services. The leadership team of Professional Advisory Services includes President Carol Bieber and Chief Compliance Officer Christopher Connett. It has 13 employees, 9 of them in advisory roles.
Leadership
- Carol BieberVice President/Secretary/Treasurer, Class A Shareholder, Partner
- David JaffePresident, Class A Shareholder, Partner
- Christopher ConnettChief Compliance Officer
Investment adviser representatives
9 representatives listed in the SEC register as of 9 October 2026.
- Carol Ligon Bieber
- Jordan Monroe Bieber
- Christopher Michler Brown
- Christopher J Connett
- Jeremy Scott Goldberg
- David Alan Jaffe
- Kelly Sue Meinders
- Robert Nathan Polackwich
- Christoper R Steele
Staff
- 13 employees
- 9 in advisory functions
- 9 state-registered reps
- Owns 50% to 75% of Professional Advisory Services Inc
David Jaffe
Control person · since January 2004
- Owns 50% to 75% of Professional Advisory Services Inc
Carol Bieber
Control person · since January 2004
Professional Advisory Services’ regulatory assets grew from $1.05B (March 2021) to $1.26B (March 2026); clients rose from 545 to 622 and employees from 8 to 13.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $1.26B | 622 | 13 | 1 |
| March 2025 | $1.2B | 641 | 14 | 1 |
| March 2024 | $1.14B | 640 | 13 | 1 |
| March 2023 | $1.03B | 605 | 13 | 1 |
| March 2022 | $1.2B | 577 | 13 | 1 |
| March 2021 | $1.05B | 545 | 8 | 1 |
Besides its headquarters, Professional Advisory Services has 0 offices, with 1 listed address in Florida.
Florida · 1 listed address
- 2770 Indian River BLVD, Suite 204, Vero BeachHQ
Contact and registration details
- Legal name
- Professional Advisory Services Inc
- Headquarters
- 2770 Indian River BLVD, Suite 204, Vero Beach, FL 32960
- Website
- pa-services.com
- Phone
- 772-778-0552
- SEC file
- 801-14090
- Founded
- 1977
- Structure
- Florida corporation
- Fiscal year end
- December
Professional Advisory Services uses BNY Mellon NA ($1.21B) as custodian for its separately managed accounts. Professional Advisory Services has custody of $641M in client assets for 387 clients.
- BNY Mellon NABNY Mellon NA · NY, NY · $1.21B100%
At year end, Professional Advisory Services’ separately managed accounts were mostly in stocks (56%) and bonds (35%). Its reported 13F holdings for the quarter ended 30 June 2026 total $836K across 93 positions; the largest are Alphabet, Inc.. Class C (4.8%), Microsoft (4.1%) and Amazon (4.1%).
What the accounts hold
- Stocks56%
- Funds6%
- Bonds35%
- Investment grade corporate bonds34%
- State and local bonds1%
- Cash3%
Reported 13F holdings
- $836K
- Reported 13F value
- 93
- Positions
- 38.8%
- In the 10 largest
- +15.4%
- Value vs. prior quarter
- Alphabet, Inc.. Class C4.8%
- Microsoft4.1%
- Amazon4.1%
- Thermo Fisher Scientific3.9%
- Berkshire Hathaway Inc.-b3.9%
- Amphenol Corp.3.8%
- Astrazeneca PLC3.6%
- iShares TR S&P Mid ETF3.6%
- Advanced Micro Devices3.5%
- Apple3.4%
Together, the ten largest are 38.8% of reported value.
How many clients does Professional Advisory Services have?
Professional Advisory Services has 622 clients and manages $1.26 billion for them, as of March 2026. They include 344 individual clients, 252 high-net-worth individuals and 10 charitable organizations.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 27 March 2026
What services does Professional Advisory Services offer?
Professional Advisory Services provides financial planning, portfolio management for individuals and small businesses, and retirement plan services.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4
How much does Professional Advisory Services charge?
Professional Advisory Services charges 0.50%–1.00% a year for its Annual fee schedule. Each asset band is charged at its own rate. The fee is billed in arrears.
Source: PROFESSIONAL ADVISORY SERVICES 2026 ADV PART 2A, filed 27 March 2026
Which custodians does Professional Advisory Services use?
Professional Advisory Services’ separately managed account assets are held at BNY Mellon NA (NY, NY), with $1.21B. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 27 March 2026
How many financial advisors does Professional Advisory Services have?
Professional Advisory Services has 9 investment adviser representatives registered with state securities authorities, out of 13 employees, and 9 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Professional Advisory Services invest in?
At the end of its last fiscal year, Professional Advisory Services’ separately managed accounts held 56% exchange-traded equities, 34% investment grade corporate bonds, 6% registered funds (mutual funds, ETFs, BDCs), 3% cash and equivalents and 1% state and local bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Professional Advisory Services?
Professional Advisory Services’ direct owners are David Jaffe (50% to 75%) and Carol Bieber (50% to 75%).
Source: Form ADV Part 1A, Schedules A and B, filed 27 March 2026
How does Professional Advisory Services get paid?
Professional Advisory Services is paid through a percentage of assets under management. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
Is Professional Advisory Services registered with the SEC?
Yes, Professional Advisory Services has been registered with the SEC as an investment adviser since 11 October 1978. Its CRD number is 105397 and its SEC file number is 801-14090.
Source: Form ADV Part 1A, Item 1, filed 27 March 2026; IAPD firm record
How do I contact Professional Advisory Services?
Professional Advisory Services’ main office is at 2770 Indian River BLVD, Suite 204, Vero Beach, FL 32960. Its phone number is 772-778-0552. Its website is pa-services.com.