{"url":"https://nivawealth.com/firms/prudent-management-associates-16691","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/16691","regulatoryAum":1228684992,"crd":"16691","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"7169388","suffix":null,"lastName":"Berkowitz","firstName":"Daniel","middleName":"Benjamin"},{"crd":"3073342","suffix":"III","lastName":"HARDMAN","firstName":"KEITH","middleName":"J"},{"crd":"2561551","suffix":null,"lastName":"LERCH","firstName":"RICHARD","middleName":"JONES THOMPSON"},{"crd":"1392848","suffix":null,"lastName":"SNITZER","firstName":"EDWARD","middleName":"LOUIS"},{"crd":"3076181","suffix":null,"lastName":"SNITZER","firstName":"FRED","middleName":"DANIEL"}],"total":5,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"history":[{"filedOn":"2021-03-29","regulatoryAum":1101473105,"clients":237,"employees":13,"offices":1},{"filedOn":"2022-07-01","regulatoryAum":1221909235,"clients":237,"employees":13,"offices":1},{"filedOn":"2023-03-29","regulatoryAum":1024174165,"clients":252,"employees":13,"offices":1},{"filedOn":"2024-03-26","regulatoryAum":1052758169,"clients":259,"employees":13,"offices":1},{"filedOn":"2025-03-27","regulatoryAum":1137447848,"clients":238,"employees":13,"offices":1},{"filedOn":"2026-03-27","regulatoryAum":1228684992,"clients":231,"employees":13,"offices":1}],"secFileNumber":"801-20018","legalName":"Prudent Management Associates","displayName":"Prudent Management Associates","slug":"prudent-management-associates-16691","website":"https://prudentmanagement.com/","logo":{"src":"https://rmkhnxnbeclogprvkfyl.supabase.co/storage/v1/object/public/firm-logos/16691/6db5a2b28182710e-r1.webp","tone":"light","width":867,"height":200,"sourceUrl":"https://www.prudentmanagement.com","sourceLabel":"Prudent Management Associates, website"},"classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"linkedinUrl":"https://www.linkedin.com/company/15871482/admin/","founded":"1982","organization":"Pennsylvania partnership","fiscalYearEnd":"December","headquarters":{"street":"2001 Market Street, Suite 3910","city":"Philadelphia","state":"PA","stateName":"Pennsylvania","country":"United States","postalCode":"19103"},"tradeNames":[],"registration":{"secApproved":"4 November 1983","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":4784271.876190476,"staff":{"employees":13,"advisory":6,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":1228684992,"discretionary":1228684992,"discretionaryAccounts":601,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":52,"regulatoryAum":33582514},{"label":"High-net-worth individuals","clients":158,"regulatoryAum":971114580},{"label":"Pension and profit-sharing plans","clients":7,"regulatoryAum":58607227},{"label":"Charitable organizations","clients":14,"regulatoryAum":157783923},{"label":"Corporations and other businesses","clients":null,"fewerThan5":true,"regulatoryAum":7596748}],"feePrograms":[{"role":"main","program":"Basic fee schedule","feeBasis":"marginal","fee_tiers":[{"to":1000000,"pct":0.75,"from":0},{"to":5000000,"pct":0.65,"from":1000000},{"to":null,"pct":0.5,"from":5000000}],"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1028154","versionId":1028154,"ratePeriod":"not_stated","fee_billing":"advance","submittedOn":"2026-03-27","documentName":"PRUDENT MANAGEMENT ASSOCIATES - ADV PART 2","fee_rate_low":0.5,"fee_rate_high":0.75,"fee_negotiable":true,"minimum_account":1000000,"feeMinimumPeriod":null,"fee_minimum_annual":null},{"role":"other","program":"Consulting for self-directed accounts","summary":"For accounts clients manage themselves, PMA may offer consulting for a flat fee in narrowly defined circumstances, at its discretion; no amount is stated.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1028154","versionId":1028154,"submittedOn":"2026-03-27","documentName":"PRUDENT MANAGEMENT ASSOCIATES - ADV PART 2"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T03:50:03.583973+00:00","documents":[{"name":"PRUDENT MANAGEMENT ASSOCIATES - ADV PART 2","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1028154","versionId":1028154,"submittedOn":"2026-03-27"}]},"custodians":[{"name":"National Financial Services, LLC","shortName":"Fidelity","location":"Boston, MA","smaAssets":1228684992}],"custodyNote":"Prudent Management Associates has custody of $135M in client assets for 31 clients.","leadership":[{"name":"Paul Snitzer","title":"Chief Compliance Officer/General Counsel","crd":"4353228"},{"name":"Fred Snitzer","title":"Managing Director","crd":"3076181"}],"ownership":[{"label":"Blume, Marshall E. Associates, Inc","detail":"General partner in the 25% to 50% ownership band and a control person, since June 1983."},{"label":"Kantwell Partners, LLC","detail":"Partner in the 10% to 25% ownership band, since December 1997."},{"label":"Keystone Development Services,","detail":"General partner in the 25% to 50% ownership band and a control person, since June 1983."},{"label":"David Kantor","detail":"Indirect owner: a owner of Kantor Holdings, Inc. in the 75% or more band and a control person, since September 2016.","parent":"Kantor Holdings, Inc."},{"label":"David Wellborn","detail":"Indirect owner: a member of Kantwell Partners, LLC in the 50% to 75% band and a control person, since December 1997.","parent":"Kantwell Partners, LLC"},{"label":"Fred Snitzer","detail":"Indirect owner: a owner of Keystone Development Services, Inc. in the 25% to 50% band and a control person, since December 2011.","parent":"Keystone Development Services, Inc."},{"label":"Paul Snitzer","detail":"Indirect owner: a owner of Keystone Development Services, Inc. in the 25% to 50% band and a control person, since December 2011.","parent":"Keystone Development Services, Inc."},{"label":"Andrew Snitzer","detail":"Indirect owner: a owner of Keystone Development Services, Inc. in the 25% to 50% band and a control person, since December 2011.","parent":"Keystone Development Services, Inc."},{"label":"Barbara Solit","detail":"Indirect owner: a owner of Keystone Development Services, Inc. in the 25% to 50% band and a control person, since December 2011.","parent":"Keystone Development Services, Inc."},{"label":"Kantor Holdings, Inc.","detail":"Indirect owner: a member of Kantwell Partners, LLC in the 50% to 75% band and a control person, since September 2016.","parent":"Kantwell Partners, LLC"},{"label":"Loretta Blume","detail":"Indirect owner: a owner of Blume, Marshall E. Associates, Inc in the 75% or more band and a control person, since June 2019.","parent":"Blume, Marshall E. Associates, Inc"}],"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"Pennsylvania","offices":1,"addresses":[{"street":"2001 Market Street, Suite 3910","city":"Philadelphia","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"215-994-1062","stateRegisteredReps":4,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Fixed fees (other than subscription fees)"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Portfolio management for businesses (other than small businesses) or institutional clients"],"financialPlanningClients":"26-50","assetMix":[{"label":"Securities issued by registered investment companies or business development companies","percent":100}],"privateFunds":0},"sources":{"adv1FilingDate":"27 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/16691/PDF/16691.pdf","brochureDate":"27 March 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1028154","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-22","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Prudent Management Associates have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Prudent Management Associates offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does Prudent Management Associates charge?","answer":"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","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Prudent Management Associates use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Prudent Management Associates have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Prudent Management Associates invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Does Prudent Management Associates have a minimum investment?","answer":"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","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Who owns Prudent Management Associates?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Prudent Management Associates get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Is Prudent Management Associates registered with the SEC?","answer":"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","sourceRef":{"doc":"adv1","section":"identity"}},{"question":"How do I contact Prudent Management Associates?","answer":"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.","source":"Form ADV Part 1A, Item 1.F, filed 27 March 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}