Clients
Prudent Man Advisors serves 161 clients, 108 of them state or municipal government entities. The average client has about $190 million with the firm, and high-net-worth clients hold 0% of its $30.6 billion in assets.
- Pooled investment vehicles12 clients88%
- State or municipal government entities108 clients6%
- Corporations and other businesses3 clients4%
- OtherIndividuals, High-net-worth individuals, Charitable organizations, Other investment advisers, Insurance companies, Other2%
Show client breakdownHide client breakdown
| Client type | Clients | Regulatory AUM | Share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 7 | $2,399,648 | 0.0% | $343K |
| High-net-worth individuals | 8 | $26,236,253 | 0.1% | $3.28M |
| Pooled investment vehicles | 12 | $27,045,098,232 | 88.4% | $2.25B |
| Charitable organizations | 8 | $38,183,833 | 0.1% | $4.77M |
| State or municipal government entities | 108 | $1,811,928,471 | 5.9% | $16.8M |
| Other investment advisers | 2 | $48,642,997 | 0.2% | $24.3M |
| Insurance companies | 12 | $422,439,986 | 1.4% | $35.2M |
| Corporations and other businesses | 3 | $1,197,291,203 | 3.9% | $399.1M |
| Other | 1 | $737,918 | 0.0% | $738K |
| Total | 161 | $30,592,958,541 | 100% | $190.0M |
- Clients
- 7
- Regulatory AUM
- $2,399,648
- Share
- 0.0%
- Avg. per client
- $343K
- Clients
- 8
- Regulatory AUM
- $26,236,253
- Share
- 0.1%
- Avg. per client
- $3.28M
- Clients
- 12
- Regulatory AUM
- $27,045,098,232
- Share
- 88.4%
- Avg. per client
- $2.25B
- Clients
- 8
- Regulatory AUM
- $38,183,833
- Share
- 0.1%
- Avg. per client
- $4.77M
- Clients
- 108
- Regulatory AUM
- $1,811,928,471
- Share
- 5.9%
- Avg. per client
- $16.8M
- Clients
- 2
- Regulatory AUM
- $48,642,997
- Share
- 0.2%
- Avg. per client
- $24.3M
- Clients
- 12
- Regulatory AUM
- $422,439,986
- Share
- 1.4%
- Avg. per client
- $35.2M
- Clients
- 3
- Regulatory AUM
- $1,197,291,203
- Share
- 3.9%
- Avg. per client
- $399.1M
- Clients
- 1
- Regulatory AUM
- $737,918
- Share
- 0.0%
- Avg. per client
- $738K
Total
- Clients
- 161
- Regulatory AUM
- $30,592,958,541
- Share
- 100%
- Avg. per client
- $190.0M
What it does
Prudent Man Advisors provides portfolio management for individuals and small businesses, portfolio management for pooled vehicles, portfolio management for institutions and selecting other managers. It is paid through a percentage of assets.
Prudent Man Advisors provided financial planning to 0 clients last fiscal year and advises no private funds.
93.4% of assets ($28.56B across 491 accounts) are managed with discretion; $2.03B across 17 accounts are not. 0% of clients are outside the U.S., and 0 clients received advice without assets under management last fiscal year.
What the accounts hold
- Stocks4%
- Funds8%
- Bonds66%
- U.S. government and agency bonds42%
- Investment grade corporate bonds21%
- State and local bonds3%
- Cash22%
Custodians
Prudent Man Advisors’ client accounts are held mainly at U.S. Bank National Association, with 7% of managed assets, and Umb Bank, National Association, with 2%. Prudent Man Advisors has custody of $27.05B for 12 clients.
- U.S. Bank National AssociationU.S. Bank National Association · Cincinnati, OH · $2.17B7%
- Umb Bank, National AssociationUmb Bank, National Association · Kansas City, MO · $619.2M2%
- All other custodians$27.80B91%
Ownership and leadership
Public Trust Advisors, LLC owns 75% or more of Prudent Man Advisors, and Todd Alton is its CEO.
- Owns 75% or more of Prudent Man Advisors, LLC
Public Trust Advisors, LLC
Control person · since January 2025
- Owns 75% or more of Public Trust Advisors, LLC
Pinnacle Purchaser, LLC
Control person · since October 2024
- Owns 75% or more of Pinnacle Purchaser, LLC
Pinnacle Intermediateco, LLC
Control person · since October 2024
- Owns 75% or more of Pinnacle Intermediateco, LLC
Pinnacle Equityco, LLC
Control person · since October 2024
- Owns 75% or more of Pinnacle Equityco, LLC
Ptma Financial Solutions, LLC
Control person · since August 2025
- Owns 75% or more of Ptma Financial Solutions, LLC
Pma Parent Holdings, LLC
Control person · since October 2018
- Owns 75% or more of Pma Parent Holdings, LLC
Ta Pma Intermediate, LLC
Control person · since February 2024
- Owns 75% or more of Ta Pma Intermediate, LLC
Ta Pma Purchaser, LLC
Control person · since October 2023
- Owns 75% or more of Ta Pma Purchaser, LLC
Pma-Pta Holdings, LLC
Control person · since October 2023
- Owns 25% to 50% of Pma-Pta Holdings, LLC
Ta Associates Pma Holdings, LLC
Control person · since October 2023
- Owns 50% to 75% of Ta Associates Pma Holdings, LLC
Ta Xiv-A, L.P.
Control person · since October 2023
- Owns 25% to 50% of Ta Associates Pma Holdings, LLC
Ta Xiv-B Pma Subsidiary Partnership, L.P.
Control person · since October 2023
- Owns 75% or more of Ta Xiv-B Pma Subsidiary Partnership, L.P.
Ta Xiv-B Pma Blocker Corp.
Control person · since October 2023
- Owns 75% or more of Ta Xiv-B Pma Blocker Corp.
Ta Xiv-B, L.P.
Control person · since October 2023
Ta Associates Xiv GP, L.P.
General partner · Control person · since October 2023
Ta Associates Cayman, LLC
General partner · Control person · since February 2021
- Owns 25% to 50% of Pma-Pta Holdings, LLC
Pinnacle FF Aggregator, LLC
Control person · since October 2024
- Owns 75% or more of Pinnacle FF Aggregator, LLC
Flexpoint Fund V-A, L.P.
Control person · since May 2024
Flexpoint Management V, L.P.
General partner · Control person · since March 2022
- Owns 25% to 50% of Flexpoint Management V, L.P.
Donald J. Edwards Revocable Trust
Control person · since February 2024
- Owns 75% or more of Donald J. Edwards Revocable Trust
Donald Edwards
Control person · since June 2000
Flexpoint Ultimate Management V, LLC
General partner · Control person · since March 2022
Leadership
- Todd AltonChief Executive Officer
- Ian VoermannChief Financial Officer
- Shannon SeiferthInterim Chief Compliance Officer/Regulatory Attorney
- Ron SharonChief Information Security Officer
- Brandon SwensenChief Investment Officer
- Othneil WaudChief Investment Officer Lgips
Staff
- 157 employees
- 81 in advisory functions
- 28 state-registered reps
- 73 broker-dealer reps
Reported holdings
Prudent Man Advisors’ reported 13F holdings total $437.5M across 141 positions, and the ten largest make up 38.7% of it.
- $437.5M
- Reported 13F value
- 141
- Positions
- 38.7%
- In the 10 largest
- +31.0%
- Value vs. prior quarter
- Vanguard Index Fds · Total Stk Mkt9.9%
- Vanguard BD Index Fds · Total Bnd Mrkt5.8%
- iShares TR · Iboxx HI YD ETF4.0%
- Nvidia Corporation3.4%
- Apple Inc.3.2%
- Vanguard Tax-managed Fds · Van FTSE Dev Mkt2.9%
- Alphabet Inc. · Cap Stk CL C2.5%
- Micron Technology Inc.2.4%
- Amazon Com Inc.2.3%
- iShares TR · Core S&P500 ETF2.2%
Together, the ten largest are 38.7% of reported value.
A 13F covers only exchange-traded long positions the firm holds with discretion, so this $437.5M is not its $30.59B in regulatory assets and does not represent any individual client's portfolio.
Fees
Prudent Man Advisors is paid through a percentage of assets under management.
Prudent Man Advisors’ fee rates are not included in this profile. Find its brochure on the SEC’s site.
Offices and registrations
Besides its headquarters, Prudent Man Advisors has 13 offices, with 14 listed addresses across 13 states.
Minnesota · 2 listed addresses
- 5298 Kyler Ave. Ne, Albertville
- 1601 Utica Ave S, ST. Louis Park
California · 1 listed address
- 6701 Koll Center Parkway, Suite 250, Pleasanton
Colorado · 1 listed address
- 717 17th Street, Denver
Florida · 1 listed address
- 7380 Sand Lake Road, Orlando
Georgia · 1 listed address
- 5256 Peachtree Road, Suite 165, Chamblee
Illinois · 1 listed address
- 2135 Citygate Lane, 7th Floor, NapervilleHQ
Iowa · 1 listed address
- 4200 University Avenue, West Des Moines
Missouri · 1 listed address
- 1460 Craig Road, ST. Louis
Nebraska · 1 listed address
- 721 South 14th Street, Lincoln
New York · 1 listed address
- 2529 Route 52, Hopewell Junction
Pennsylvania · 1 listed address
- 2101 Oregon Pike, Lancaster
Texas · 1 listed address
- 2435 North Central Expy, Suite 1200, Richardson
Wisconsin · 1 listed address
- 322 N. Broadway, Milwaukee
Other business names
Prudent Man Advisors has reported 2 other business names to the SEC.
- Pma Asset Management, LLC
- Ptma Investment Advisors
Registration details
- Legal name
- Prudent Man Advisors, LLC
- Headquarters
- 2135 Citygate Lane, 7th Floor, Naperville, IL 60563
- Phone
- 630-657-6400
- Website
- Not reported
- SEC file
- 801-115313
- Structure
- Illinois LLC
- Fiscal year end
- December
This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov
Common questions
How many clients does Prudent Man Advisors have?
Prudent Man Advisors has 161 clients and manages $30.6 billion for them, as of April 2026. They include 108 state or municipal government entities, 12 pooled investment vehicles and 12 insurance companies.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 30 April 2026
What services does Prudent Man Advisors offer?
Prudent Man Advisors provides portfolio management for individuals and small businesses, portfolio management for pooled vehicles, portfolio management for institutions and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Prudent Man Advisors use?
Prudent Man Advisors’ separately managed account assets are held at U.S. Bank National Association (Cincinnati, OH), with $2,171,226,141 and Umb Bank, National Association (Kansas City, MO), with $619,237,921. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 30 April 2026
How many financial advisors does Prudent Man Advisors have?
Prudent Man Advisors has 28 investment adviser representatives registered with state securities authorities, out of 157 employees, and 81 perform investment advisory functions. 73 are registered representatives of a broker-dealer and 0 are 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 Prudent Man Advisors invest in?
At the end of its last fiscal year, Prudent Man Advisors’ separately managed accounts held 42% U.S. government and agency bonds, 22% cash and equivalents, 21% investment grade corporate bonds, 8% registered funds (mutual funds, ETFs, BDCs), 4% exchange-traded equities and 3% state and local bonds. It advises no private funds of its own.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Prudent Man Advisors?
Prudent Man Advisors is owned through a trust by Ta Xiv-B, L.P., Ta Xiv-A, L.P. and Donald Edwards. Its direct owner is Public Trust Advisors, LLC (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 30 April 2026
How does Prudent Man Advisors get paid?
Prudent Man Advisors 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