Prudent Man Advisors, Llc
SEC-registered
Private Fund Manager · Large ($10B–$100B)
CRD 301973
· SEC file 801-115313
· Naperville, IL
· WWW.PMANETWORK.COM
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ADV data as of Apr 30, 2026
- Regulatory AUM
- $30.6B
- Discretionary
- $28.6B
- Clients
- 161
- Avg AUM / client
- $190M
- Accounts
- 508
- Employees
- 157
AUM over time
$6.5B
$30.6B
Dec 2018
Dec 2025
Annual snapshots from Form ADV filings · as of Apr 30, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 7 | $2.4M | 0.01% |
| High net worth individuals | 8 | $26.2M | 0.09% |
| Pooled investment vehicles (non-investment companies) | 12 | $27.0B | 88.4% |
| Charitable organizations | 8 | $38.2M | 0.12% |
| State or municipal government entities | 108 | $1.8B | 5.92% |
| Other investment advisers | 2 | $48.6M | 0.16% |
| Insurance companies | 12 | $422M | 1.38% |
| Corporations and other businesses | 3 | $1.2B | 3.91% |
| Other | 1 | $738K | 0.0% |
People (31)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Edwards, Donald, Joseph | Trustee | Jun 2000 (26y) | GP / trustee / elected manager of Donald J. Edwards Revocable Trust (indirect) | |
| Lori Ann Ragus | Chief Compliance Officer And General Counsel | Mar 2011 (15y) | Less than 5% | |
| Martens, Jonathan, Ray | Financial And Operations Principal | Oct 2012 (14y) | Less than 5% | |
| James O'neill Davis | Executive Chairman | Jun 2019 (7y) | Less than 5% | |
| Alton, Todd, William | Chief Executive Officer | Oct 2024 (2y) | Less than 5% | |
| Kevin Kulling | Registered representative | May 2019 (7y) | ||
| Thomas Anthony Lanzara | Registered representative | May 2019 (7y) | ||
| Timothy James Flaherty | Registered representative | May 2019 (7y) | ||
| David James Lutter | Registered representative | May 2019 (7y) | ||
| Kent Donald Johnson | Registered representative | May 2019 (7y) | ||
| Paula Jean Cooper | Registered representative | May 2019 (7y) | ||
| Steven Robert Pumper | Registered representative | May 2019 (7y) | ||
| Brian David Hextell | Registered representative | Jun 2019 (7y) | ||
| Dean Mitchell Dibias | Registered representative | Jun 2019 (7y) | ||
| Amy Lynn Buikema | Registered representative | Jun 2019 (7y) | ||
| Courtney Lynn Clarke | Registered representative | Sep 2020 (6y) | ||
| Aaron Alexander Fricke | Registered representative | Feb 2021 (6y) | ||
| Kenneth Doyle Shuler | Registered representative | Feb 2021 (6y) | ||
| Rajesh Chainani | Registered representative | Feb 2021 (6y) | ||
| Brittany Lee Woodruff | Registered representative | Feb 2021 (5y) | ||
| Michael Allen Stramara | Registered representative | Feb 2021 (5y) | ||
| Kendra Lynne Shelland | Registered representative | Dec 2021 (5y) | ||
| Brandon Douglas Engle | Registered representative | Feb 2022 (4y) | ||
| Cedric Peter Buermann | Registered representative | CFA | Feb 2022 (4y) | |
| Sara Ann Schnoor | Registered representative | Jun 2022 (4y) | ||
| Alejandro Alanis | Registered representative | Jun 2022 (4y) | ||
| Benjamin Taylor Bjelland Nordin | Registered representative | Jun 2022 (4y) | ||
| Caleb Brian Walter | Registered representative | Feb 2023 (3y) | ||
| Jarett Dylan Felty | Registered representative | Mar 2024 (2y) | ||
| Brett Nathaniel Weeden | Registered representative | Jul 2024 (2y) | ||
| Hunter Cole Martin | Registered representative | Feb 2025 (1y) |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Pma Acquisition, Llc | Member | Apr 2019 | A | 75% or more |
| Pma Intermediate Holdings, Llc | Sole Member | Oct 2018 | B | ≈ 56.25% – 100% via Pma Acquisition, Llc |
| Pma Parent Holdings, Llc | Sole Member | Oct 2018 | B | ≈ 42.19% – 100% via Pma Intermediate Holdings, Llc |
| Ta Pma Intermediate, Llc | Sole Member | Feb 2024 | B | ≈ 31.64% – 100% via Pma Parent Holdings, Llc |
| Ta Pma Purchaser, Llc | Sole Member | Oct 2023 | B | ≈ 23.73% – 100% via Ta Pma Intermediate, Llc |
| Pma Pta Holdings, Llc | Sole Member | Oct 2023 | B | ≈ 17.8% – 100% via Ta Pma Purchaser, Llc |
| Ta Xiv B Pma Blocker Corp. | Limited Partner | Oct 2023 | B | ≈ 0.83% – 25% via Ta Xiv B Pma Subsidiary Partnership, L.P. |
| Ta Xiv B, L.P. | Shareholder | Oct 2023 | B | ≈ 0.63% – 25% via Ta Xiv B Pma Blocker Corp. |
| Flexpoint Fund V A, L.P. | Sole Member | May 2024 | B | ≈ 3.34% – 50% via Pinnacle Ff Aggregator, Llc |
| Ta Xiv A, L.P. | Member | Oct 2023 | B | ≈ 2.22% – 37.5% via Ta Associates Pma Holdings, Llc |
| Ta Associates Pma Holdings, Llc | Member | Oct 2023 | B | ≈ 4.45% – 50% via Pma Pta Holdings, Llc |
| Ta Xiv B Pma Subsidiary Partnership, L.P. | Member | Oct 2023 | B | ≈ 1.11% – 25% via Ta Associates Pma Holdings, Llc |
| Donald J. Edwards Revocable Trust | Limited Partner | Feb 2024 | B | 25% – 50% of Flexpoint Management V, L.P. (indirect) |
| Pinnacle Ff Aggregator, Llc | Member | Oct 2024 | B | ≈ 4.45% – 50% via Pma Pta Holdings, Llc |
| Ta Associates Xiv Gp, L.P. | General Partner | Oct 2023 | B | GP / trustee / elected manager of Ta Xiv B Pma Subsidiary Partnership, L.P. (indirect) |
| Ta Associates Cayman, Llc | General Partner | Feb 2021 | B | GP / trustee / elected manager of Ta Associates Xiv Gp, L.P. (indirect) |
| Flexpoint Management V, L.P. | General Partner | Mar 2022 | B | GP / trustee / elected manager of Flexpoint Fund V A, L.P. (indirect) |
| Flexpoint Ultimate Management V, Llc | General Partner | Mar 2022 | B | GP / trustee / elected manager of Flexpoint Management V, L.P. (indirect) |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Pma Intermediate Holdings, Llc: 75% – 100% of Pma Acquisition, Llc × 75% – 100% direct ≈ 56.25% – 100% of the firm
- Pma Parent Holdings, Llc: 75% – 100% of Pma Intermediate Holdings, Llc × 75% – 100% of Pma Acquisition, Llc × 75% – 100% direct ≈ 42.19% – 100% of the firm
- Ta Pma Intermediate, Llc: 75% – 100% of Pma Parent Holdings, Llc × 75% – 100% of Pma Intermediate Holdings, Llc × 75% – 100% of Pma Acquisition, Llc × 75% – 100% direct ≈ 31.64% – 100% of the firm
- Ta Pma Purchaser, Llc: 75% – 100% of Ta Pma Intermediate, Llc × 75% – 100% of Pma Parent Holdings, Llc × 75% – 100% of Pma Intermediate Holdings, Llc × 75% – 100% of Pma Acquisition, Llc × 75% – 100% direct ≈ 23.73% – 100% of the firm
- Pma Pta Holdings, Llc: 75% – 100% of Ta Pma Purchaser, Llc × 75% – 100% of Ta Pma Intermediate, Llc × 75% – 100% of Pma Parent Holdings, Llc × 75% – 100% of Pma Intermediate Holdings, Llc × 75% – 100% of Pma Acquisition, Llc × 75% – 100% direct ≈ 17.8% – 100% of the firm
- Ta Xiv B Pma Blocker Corp.: 75% – 100% of Ta Xiv B Pma Subsidiary Partnership, L.P. × 25% – 50% of Ta Associates Pma Holdings, Llc × 25% – 50% of Pma Pta Holdings, Llc × 75% – 100% of Ta Pma Purchaser, Llc × 75% – 100% of Ta Pma Intermediate, Llc × 75% – 100% of Pma Parent Holdings, Llc × 75% – 100% of Pma Intermediate Holdings, Llc × 75% – 100% of Pma Acquisition, Llc × 75% – 100% direct ≈ 0.83% – 25% of the firm
- Ta Xiv B, L.P.: 75% – 100% of Ta Xiv B Pma Blocker Corp. × 75% – 100% of Ta Xiv B Pma Subsidiary Partnership, L.P. × 25% – 50% of Ta Associates Pma Holdings, Llc × 25% – 50% of Pma Pta Holdings, Llc × 75% – 100% of Ta Pma Purchaser, Llc × 75% – 100% of Ta Pma Intermediate, Llc × 75% – 100% of Pma Parent Holdings, Llc × 75% – 100% of Pma Intermediate Holdings, Llc × 75% – 100% of Pma Acquisition, Llc × 75% – 100% direct ≈ 0.63% – 25% of the firm
- Flexpoint Fund V A, L.P.: 75% – 100% of Pinnacle Ff Aggregator, Llc × 25% – 50% of Pma Pta Holdings, Llc × 75% – 100% of Ta Pma Purchaser, Llc × 75% – 100% of Ta Pma Intermediate, Llc × 75% – 100% of Pma Parent Holdings, Llc × 75% – 100% of Pma Intermediate Holdings, Llc × 75% – 100% of Pma Acquisition, Llc × 75% – 100% direct ≈ 3.34% – 50% of the firm
- Ta Xiv A, L.P.: 50% – 75% of Ta Associates Pma Holdings, Llc × 25% – 50% of Pma Pta Holdings, Llc × 75% – 100% of Ta Pma Purchaser, Llc × 75% – 100% of Ta Pma Intermediate, Llc × 75% – 100% of Pma Parent Holdings, Llc × 75% – 100% of Pma Intermediate Holdings, Llc × 75% – 100% of Pma Acquisition, Llc × 75% – 100% direct ≈ 2.22% – 37.5% of the firm
- Ta Associates Pma Holdings, Llc: 25% – 50% of Pma Pta Holdings, Llc × 75% – 100% of Ta Pma Purchaser, Llc × 75% – 100% of Ta Pma Intermediate, Llc × 75% – 100% of Pma Parent Holdings, Llc × 75% – 100% of Pma Intermediate Holdings, Llc × 75% – 100% of Pma Acquisition, Llc × 75% – 100% direct ≈ 4.45% – 50% of the firm
- Ta Xiv B Pma Subsidiary Partnership, L.P.: 25% – 50% of Ta Associates Pma Holdings, Llc × 25% – 50% of Pma Pta Holdings, Llc × 75% – 100% of Ta Pma Purchaser, Llc × 75% – 100% of Ta Pma Intermediate, Llc × 75% – 100% of Pma Parent Holdings, Llc × 75% – 100% of Pma Intermediate Holdings, Llc × 75% – 100% of Pma Acquisition, Llc × 75% – 100% direct ≈ 1.11% – 25% of the firm
- Pinnacle Ff Aggregator, Llc: 25% – 50% of Pma Pta Holdings, Llc × 75% – 100% of Ta Pma Purchaser, Llc × 75% – 100% of Ta Pma Intermediate, Llc × 75% – 100% of Pma Parent Holdings, Llc × 75% – 100% of Pma Intermediate Holdings, Llc × 75% – 100% of Pma Acquisition, Llc × 75% – 100% direct ≈ 4.45% – 50% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 04/30/2026 | 1.18 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
Services
- • Portfolio management for individuals/small businesses
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
- • Selection of other advisers
Custody
Reported custodians
- U.S. Bank $2.2B (7% of AUM) Apr 2026
- Umb Bank $619M (2% of AUM) Apr 2026
- Principal Financial $531M (2% of AUM) Jan 2026
- Wells Fargo $438M (2% of AUM) Apr 2023
- Bmo Harris Bank N.A. $120M (2% of AUM) Jan 2021
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Apr 30, 2026.
View current Form ADV (SEC/IAPD) ↗