Clients
Public Trust Advisors serves 82 clients, 71 of them state or municipal government entities. The average client has about $1.27 billion with the firm.
- Pooled investment vehicles11 clients85%
- State or municipal government entities71 clients15%
Show client breakdownHide client breakdown
| Client type | Clients | Regulatory AUM | Share | Avg. per client |
|---|---|---|---|---|
| Pooled investment vehicles | 11 | $88,525,116,199 | 84.9% | $8.05B |
| State or municipal government entities | 71 | $15,718,419,050 | 15.1% | $221.4M |
| Total | 82 | $104,243,535,249 | 100% | $1.27B |
- Clients
- 11
- Regulatory AUM
- $88,525,116,199
- Share
- 84.9%
- Avg. per client
- $8.05B
- Clients
- 71
- Regulatory AUM
- $15,718,419,050
- Share
- 15.1%
- Avg. per client
- $221.4M
Total
- Clients
- 82
- Regulatory AUM
- $104,243,535,249
- Share
- 100%
- Avg. per client
- $1.27B
What it does
Public Trust Advisors provides portfolio management for pooled vehicles, portfolio management for institutions and other activities. It is paid through a percentage of assets, fixed fees and other arrangements.
Public Trust Advisors provided financial planning to 0 clients last fiscal year and advises no private funds.
94.9% of assets ($98.92B across 179 accounts) are managed with discretion; $5.33B across 60 accounts are not. 0% of clients are outside the U.S., and 4 clients received advice without assets under management last fiscal year.
What the accounts hold
- Bonds86%
- U.S. government and agency bonds72%
- Investment grade corporate bonds13%
- State and local bonds1%
- Cash14%
Custodians
Public Trust Advisors’ client accounts are held mainly at U.S. Bank National Association, with 5% of managed assets, and Umb Bank, National Association, with 2%. Public Trust Advisors has custody of $88.53B for 11 clients.
- The Bank of New York MellonThe Bank of New York Mellon Corporation · New York, NY · $2.03B2%
- U.S. Bank National AssociationU.S. Bank National Association · Cincinnati, OH · $5.23B5%
- Umb Bank, National AssociationUmb Bank, National Association · Kansas City, MO · $2.24B2%
- All other custodians$94.74B91%
Ownership and leadership
Pinnacle Purchaser, LLC owns 75% or more of Public Trust Advisors, and Todd Alton is its CEO.
- 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 2024
- 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 75% or more 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 February 2021
Ta Assocaites Cayman, LLC
General partner · Control person · since February 2021
Ta Associate Xiv GP, L.P.
General partner · Control person · since October 2023
- 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
- 12 state-registered reps
- 73 broker-dealer reps
- 1 soliciting firm
Fees
Public Trust Advisors is paid through a percentage of assets under management, fixed fees (other than subscription fees) and other.
Public Trust Advisors’ fee rates are not included in this profile. Find its brochure on the SEC’s site.
Offices and registrations
Besides its headquarters, Public Trust Advisors has 13 offices, with 14 listed addresses across 13 states.
Minnesota · 2 listed addresses
- 1601 Utica Ave S, ST. Louis Park
- 5298 Kyler Ave. Ne, 2nd Floor, Albertville
California · 1 listed address
- 6701 Koll Center Parkway, Pleasanton
Colorado · 1 listed address
- 717 17th Street, Suite 1850, DenverHQ
Florida · 1 listed address
- 7380 Sand Lake Road, Orlando
Georgia · 1 listed address
- 5256 Peachtree Road, Chamblee
Illinois · 1 listed address
- 2135 Citygate Lane, Naperville
Iowa · 1 listed address
- 4200 University Avenue, Suite 114, 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, Suite 200, Lancaster
Texas · 1 listed address
- 2435 North Central Expy, Richardson
Wisconsin · 1 listed address
- 322 N. Broadway, 3rd Floor, Milwaukee
Other business names
Public Trust Advisors has reported 2 other business names to the SEC.
- PT Advisors, LLC
- Ptma Investment Advisors
Registration details
- Legal name
- Public Trust Advisors, LLC
- Headquarters
- 717 17th Street, Suite 1850, Denver, CO 80202
- Phone
- 855-395-3954
- Website
- publictrustadvisors.com
- SEC file
- 801-72782
- Structure
- Colorado 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 Public Trust Advisors have?
Public Trust Advisors has 82 clients and manages $104.2 billion for them, as of April 2026. They include 71 state or municipal government entities and 11 pooled investment vehicles.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 30 April 2026
What services does Public Trust Advisors offer?
Public Trust Advisors provides portfolio management for pooled vehicles, portfolio management for institutions and other activities.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Public Trust Advisors use?
Public Trust Advisors’ separately managed account assets are held at U.S. Bank National Association (Cincinnati, OH), with $5,231,998,854, Umb Bank, National Association (Kansas City, MO), with $2,242,748,648 and The Bank of New York Mellon Corporation (New York, NY), with $2,033,591,857. 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 Public Trust Advisors have?
Public Trust Advisors has 12 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 Public Trust Advisors invest in?
At the end of its last fiscal year, Public Trust Advisors’ separately managed accounts held 72% U.S. government and agency bonds, 14% cash and equivalents, 13% investment grade corporate bonds and 1% 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 Public Trust Advisors?
Public Trust Advisors is owned through a chain of holding companies by Ta Xiv-A, L.P. and Donald Edwards. Its direct owner is Pinnacle Purchaser, LLC (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 30 April 2026
How does Public Trust Advisors get paid?
Public Trust Advisors is paid through a percentage of assets under management, fixed fees and other arrangements. 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
