Prudent Management Associates provides financial planning, portfolio management for individuals and small businesses, and portfolio management for institutions. Financial planning was provided to 26–50 clients last fiscal year.
Prudent Management Associates reports 231 clients. They include 158 high-net-worth individuals, 52 individual clients and 14 charitable organizations. Of its assets, 100.0% ($1.23B across 601 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 23% | 3% |
| High-net-worth individuals | 68% | 79% |
| Pension and profit-sharing plans | 3% | 5% |
| Charitable organizations | 6% | 13% |
| Corporations and other businesses | Fewer than 5 | <1% |
Client shares use reported counts. Client types without a reported count are excluded from that total.
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 52 | $33.6M | 2.7% | $646K |
| High-net-worth individuals | 158 | $971M | 79.0% | $6.15M |
| Pension and profit-sharing plans | 7 | $58.6M | 4.8% | $8.37M |
| Charitable organizations | 14 | $158M | 12.8% | $11.3M |
| Corporations and other businesses | Fewer than 5 | $7.6M | 0.6% | — |
| Total | 231 | $1.23B | 100% | — |
- Clients
- 52
- Regulatory AUM
- $33.6M
- AUM share
- 2.7%
- Avg. per client
- $646K
- Clients
- 158
- Regulatory AUM
- $971M
- AUM share
- 79.0%
- Avg. per client
- $6.15M
- Clients
- 7
- Regulatory AUM
- $58.6M
- AUM share
- 4.8%
- Avg. per client
- $8.37M
- Clients
- 14
- Regulatory AUM
- $158M
- AUM share
- 12.8%
- Avg. per client
- $11.3M
- Clients
- Fewer than 5
- Regulatory AUM
- $7.6M
- AUM share
- 0.6%
- Avg. per client
- —
Total
- Clients
- 231
- Regulatory AUM
- $1.23B
- 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
- 26–50
Prudent Management Associates charges 0.50%–0.75% for its Basic fee schedule. The brochure does not state whether the rate is annual. Each asset band is charged at its own rate. The fee is billed in advance, is negotiable and requires an account of at least $1,000,000. The brochure also prices one other service, listed under fee details.
| Asset band | Rate (period not stated) |
|---|---|
| $0–$1M | 0.75% |
| $1M–$5M | 0.65% |
| $5M and above | 0.50% |
Fee details and sources
Other fees
- Consulting for self-directed accounts
- For accounts clients manage themselves, PMA may offer consulting for a flat fee in narrowly defined circumstances, at its discretion; no amount is stated.
Blume, Marshall E. Associates, Inc owns 25% to 50% of Prudent Management Associates and is in turn owned by Loretta Blume (75% or more). The leadership team of Prudent Management Associates includes Chief Compliance Officer Paul Snitzer. It has 13 employees, 6 of them in advisory roles.
Leadership
- Paul SnitzerChief Compliance Officer/General Counsel
- Fred SnitzerManaging Director
Investment adviser representatives
5 representatives listed in the SEC register as of 9 October 2026.
- Daniel Benjamin Berkowitz
- Keith J Hardman III
- Richard Jones Thompson Lerch
- Edward Louis Snitzer
- Fred Daniel Snitzer
Staff
- 13 employees
- 6 in advisory functions
- 4 state-registered reps
- Owns 25% to 50% of Prudent Management Associates
Blume, Marshall E. Associates, Inc
Control person · since June 1983
- Owns 75% or more of Blume, Marshall E. Associates, Inc
Loretta Blume
Control person · since June 2019
- Owns 25% to 50% of Prudent Management Associates
Keystone Development Services,
Control person · since June 1983
- Owns 25% to 50% of Prudent Management Associates
Fred Snitzer
Control person · since December 2011
- Owns 25% to 50% of Prudent Management Associates
Paul Snitzer
Control person · since December 2011
- Owns 25% to 50% of Prudent Management Associates
Andrew Snitzer
Control person · since December 2011
- Owns 25% to 50% of Prudent Management Associates
Barbara Solit
Control person · since December 2011
- Owns 10% to 25% of Prudent Management Associates
Kantwell Partners, LLC
since December 1997
- Owns 50% to 75% of Kantwell Partners, LLC
David Wellborn
Control person · since December 1997
- Owns 50% to 75% of Kantwell Partners, LLC
Kantor Holdings, Inc.
Control person · since September 2016
- Owns 75% or more of Kantor Holdings, Inc.
David Kantor
Control person · since September 2016
Prudent Management Associates’ regulatory assets grew from $1.1B (March 2021) to $1.23B (March 2026); clients were 231 in both filings and employees were 13 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $1.23B | 231 | 13 | 1 |
| March 2025 | $1.14B | 238 | 13 | 1 |
| March 2024 | $1.05B | 259 | 13 | 1 |
| March 2023 | $1.02B | 252 | 13 | 1 |
| July 2022 | $1.22B | 237 | 13 | 1 |
| March 2021 | $1.1B | 237 | 13 | 1 |
Besides its headquarters, Prudent Management Associates has 0 offices, with 1 listed address in Pennsylvania.
Pennsylvania · 1 listed address
- 2001 Market Street, Suite 3910, PhiladelphiaHQ
Contact and registration details
- Legal name
- Prudent Management Associates
- Headquarters
- 2001 Market Street, Suite 3910, Philadelphia, PA 19103
- Website
- prudentmanagement.com
- Phone
- 215-994-1062
- @15871482
- SEC file
- 801-20018
- Founded
- 1982
- Structure
- Pennsylvania partnership
- Fiscal year end
- December
Prudent Management Associates uses Fidelity ($1.23B) as custodian for its separately managed accounts. Prudent Management Associates has custody of $135M in client assets for 31 clients.
- FidelityNational Financial Services, LLC · Boston, MA · $1.23B100%
At year end, Prudent Management Associates’ separately managed accounts were mostly in funds (100%).
What the accounts hold
- Funds100%
How many clients does Prudent Management Associates have?
Prudent Management Associates has 231 clients and manages $1.23 billion for them, as of March 2026. They include 158 high-net-worth individuals, 52 individual clients and 14 charitable organizations.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 27 March 2026
What services does Prudent Management Associates offer?
Prudent Management Associates provides financial planning, portfolio management for individuals and small businesses, and portfolio management for institutions.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Prudent Management Associates charge?
Prudent Management Associates charges 0.50%–0.75% for its Basic fee schedule. The brochure does not state whether the rate is annual. Each asset band is charged at its own rate. The fee is billed in advance, is negotiable and requires an account of at least $1,000,000.
Source: PRUDENT MANAGEMENT ASSOCIATES - ADV PART 2, filed 27 March 2026
Which custodians does Prudent Management Associates use?
Prudent Management Associates’ separately managed account assets are held at National Financial Services, LLC (Boston, MA), with $1.23B. 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 Prudent Management Associates have?
Prudent Management Associates has 4 investment adviser representatives registered with state securities authorities, out of 13 employees, and 6 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 Prudent Management Associates invest in?
At the end of its last fiscal year, Prudent Management Associates’ separately managed accounts held 100% registered funds (mutual funds, ETFs, BDCs).
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Does Prudent Management Associates have a minimum investment?
Yes, Prudent Management Associates’ minimum account size for its Basic fee schedule is $1M.
Source: PRUDENT MANAGEMENT ASSOCIATES - ADV PART 2, filed 27 March 2026
Who owns Prudent Management Associates?
Prudent Management Associates is owned through a chain of holding companies by David Kantor, David Wellborn and Loretta Blume. Its direct owners are Blume, Marshall E. Associates, Inc, Kantwell Partners, LLC, Keystone Development Services, Fred Snitzer, Paul Snitzer, Andrew Snitzer and Barbara Solit, each holding 50% or less.
Source: Form ADV Part 1A, Schedules A and B, filed 27 March 2026
How does Prudent Management Associates get paid?
Prudent Management Associates is paid through a percentage of assets under management and fixed fees. 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 Prudent Management Associates registered with the SEC?
Yes, Prudent Management Associates has been registered with the SEC as an investment adviser since 4 November 1983. Its CRD number is 16691 and its SEC file number is 801-20018.
Source: Form ADV Part 1A, Item 1, filed 27 March 2026; IAPD firm record
How do I contact Prudent Management Associates?
Prudent Management Associates’ main office is at 2001 Market Street, Suite 3910, Philadelphia, PA 19103. Its phone number is 215-994-1062. Its website is prudentmanagement.com.