{"url":"https://nivawealth.com/firms/pt-asset-management-107619","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/107619","regulatoryAum":11345900304,"crd":"107619","secFileNumber":"801-46031","legalName":"PT Asset Management, LLC","displayName":"PT Asset Management","website":null,"linkedinUrl":"https://www.linkedin.com/company/ptassetmanagementllc","founded":null,"organization":"Illinois limited liability company","fiscalYearEnd":"December","headquarters":{"street":"500 W. Madison Street, Suite 500","city":"Chicago","state":"IL","stateName":"Illinois","country":"United States","postalCode":"60661"},"tradeNames":[],"registration":{"secApproved":"11 March 1994","noticeFilings":null,"latestNoticeFiling":null},"staff":{"employees":52,"advisory":16,"brokerDealerReps":30,"insuranceAgents":0,"promoters":1},"aum":{"discretionary":11345900304,"discretionaryAccounts":5,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Investment companies","clients":4,"regulatoryAum":11332322492},{"label":"Corporations and other businesses","clients":0,"regulatoryAum":9259644},{"label":"Other","clients":0,"regulatoryAum":4318168}],"fees":[],"feeNotes":[],"feePrograms":[],"brochureCoverage":{"scope":"known_documents","status":"not_processed","checkedAt":null,"documents":[]},"custodians":[{"name":"U.S Bank Assocation","shortName":"U.S Bank Assocation","location":"ST. Paul, MN","smaAssets":9259644}],"custodyNote":"PT Asset Management does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"Sean Dranfield","title":"Chief Executive Officer","crd":"4363137"},{"name":"Steven Hayes","title":"Chief Financial Officer & Chief Operating Officer","crd":"5518521"},{"name":"Anne Duffy","title":"Chief Compliance Officer & General Counsel","crd":"6497294"},{"name":"Eric Brown","title":"Board Member","crd":"4213450"},{"name":"Craig Johnson","title":"Board Member","crd":"2339510"},{"name":"Ryan Massey","title":"Board Member","crd":"4414888"},{"name":"Philip Nussbaum","title":"Board Member","crd":"2302635"},{"name":"George Plaiss","title":"Senior Portfolio Manager","crd":"5676129"},{"name":"Anthony Harris","title":"Senior Portfolio Manager","crd":"4457220"}],"ownership":[{"label":"George Plaiss","detail":"Senior portfolio manager in the 5% to 10% ownership band and a control person, since January 2015."},{"label":"Anthony Harris","detail":"Senior portfolio manager in the 5% to 10% ownership band and a control person, since January 2015."},{"label":"Ptam Holdings, LLC","detail":"Member in the 75% or more ownership band and a control person, since September 2017."},{"label":"Sean Dranfield","detail":"Chief executive officer in the 5% to 10% ownership band and a control person, since January 2018."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":3,"privateResidences":3},"listedOfficeAddresses":1,"officesByState":[{"state":"Illinois","offices":1,"addresses":[{"street":"500 W. Madison Street, Suite 500","city":"Chicago","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"312-521-1000","stateRegisteredReps":10,"otherAdviserReps":0,"compensation":["A percentage of assets under management"],"activities":["Portfolio management for individuals and/or small businesses","Portfolio management for investment companies","Portfolio management for businesses (other than small businesses) or institutional clients"],"financialPlanningClients":null,"assetMix":[{"label":"Cash and cash equivalents","percent":2},{"label":"Other","percent":98,"detail":"Asset-Backed Securities, Including Residential Mortgage-Backed Securities and Commercial Mortgage-Backed Securities"}],"privateFunds":0},"sources":{"adv1FilingDate":"31 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/107619/PDF/107619.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does PT Asset Management have?","answer":"PT Asset Management has 4 clients and manages $11.3 billion for them, as of March 2026.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 31 March 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does PT Asset Management offer?","answer":"PT Asset Management provides portfolio management for individuals and small businesses, portfolio management for investment companies 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":"Which custodians does PT Asset Management use?","answer":"PT Asset Management’s separately managed account assets are held at U.S Bank Assocation (ST. Paul, MN), with $9,259,644. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 31 March 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does PT Asset Management have?","answer":"PT Asset Management has 10 investment adviser representatives registered with state securities authorities, out of 52 employees, and 16 perform investment advisory functions. 30 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does PT Asset Management invest in?","answer":"At the end of its last fiscal year, PT Asset Management’s separately managed accounts held 98% asset-backed securities, including residential mortgage-backed securities and commercial mortgage-backed securities and 2% cash and equivalents. 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns PT Asset Management?","answer":"PT Asset Management’s direct owners are George Plaiss (5% to 10%), Anthony Harris (5% to 10%), Ptam Holdings, LLC (75% or more) and Sean Dranfield (5% to 10%).","source":"Form ADV Part 1A, Schedules A and B, filed 31 March 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does PT Asset Management get paid?","answer":"PT Asset Management 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","sourceRef":{"doc":"adv1","section":"employees"}}],"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 Wealth 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."}