Portfolio Resources Advisor Group, INC.
Assets Under Management
$116.0M
Number of Clients
337
Number of Advisors
12
Average Client AUM
$344K
AUM per Advisor
$9.7M
Compensation
Fee-Only (AUM)Fixed/Hourly
About This Firm
Portfolio Resources Advisor Group (PRAG) provides managed account solutions (wrap-fee programs) through third-party money managers and platforms like Envestnet and FAFN. They develop investment programs based on client financial information and goals. PRAG also offers non-wrap fee programs, investment consulting, and financial planning services. They utilize various investment strategies and managers, emphasizing client suitability and diversification.
Fee Structure
AUM-Based Fees (Tiered)
| Assets Under Management | Annual Fee |
|---|---|
| Up to $500K | 2.75% |
| $500K - $1.0M | 2.75% |
| $1.0M - $5.0M | 2.50% |
| $5M+ | 2.25% |
Fees are negotiable.
Fee Estimator
PRAG charges an annual wrap fee based on the assets in the account. The fee covers the cost of the portfolio manager, platform fees, transaction costs, and the advisor fee. The annual management wrap fees will not exceed the rates listed in the table above. Minimum fees on wrap-fee programs vary depending on the specific Program and Sub-Manager with ranges typically between $100-$500 annually. All fees may be subject to negotiation.
Areas of Practice
Location
4000 Ponce De Leon Blvd Ste 670, Coral Gables, FL, 33146