The Proper Analysis Corporation (Beachwood)

Name: The Proper Analysis Corporation
Address: 3201 Enterprise Parkway, Beachwood, OH, 44122 4640
Telephone: 216-595-3842

The Proper Analysis Corporation is a large advisory firm based in Beachwood. It manages $291.64 million of regulatory assets for 713 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of Arizona, California, Florida, and 4 other states.

The Proper Analysis Corporation provides portfolio management for individuals and small businesses, pension consulting services, selection of other advisers, and advisory services to plan sponsors. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

The Proper Analysis Corporation: assets under management

The assets under management (AUM) of The Proper Analysis Corporation is $291.64 million. The firm's AUM has grown by 16% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $286.74 million in discretionary accounts and $4.9 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $409.63 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $376.65 thousand.

The Proper Analysis Corporation has custody of $100 thousand in cash and securities for 150 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 74% of the total AUM. The second-largest asset type is pooled investment vehicles, which make up 20% of the firm’s portfolio. Investments in investment grade corporate bonds form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay The Proper Analysis Corporation for their services and products based on a percentage of assets under management and hourly charges. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients William David Proper serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of William David Proper is high net worth individuals with 61 clients and $210.04 million of assets under management. Among the 10 most similar advisory firms, The Proper Analysis Corporation has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $291.64 million for 263 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

The Proper Analysis Corporation doesn't advise any private funds.

Careers at The Proper Analysis Corporation

The company employs 4 people that are either part- or full-time employees. 75 percent of the employees work as investment advisers or researchers. 3 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

William David Proper has been acting as President since 1 Dec 1992. Anne Peterson Ogan has served as the Chief Investment Officer since 1 Dec 1993. Lauren Keating Turkisher joined the executive team most recently as the Chief Compliance Officer, Chief Operating Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
William David Proper	President/principal	1 Dec 1992	75% - 100%	4357984
Anne Peterson Ogan	Chief investment officer	1 Dec 1993	Other	824281
William David Proper	President, principal, chief compliance officer	1 Dec 1993	75% - 100%	4357984
Lauren Keating Turkisher	Chief compliance officer, chief operating officer	1 Feb 2017	Other	5356129

Based in Beachwood

The principal office where The Proper Analysis Corporation performs its advisory services is located at 3201 Enterprise Parkway, Beachwood, OH 44122 4640, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 216-595-3842 or by fax 216-831-2651. The normal business hours are 9am - 5pm on Monday - Friday. You can find more information about the New York firm at properanalysis.com.