Proventus Ag Vermögensverwaltung (Zurich)

Name: Proventus Ag Vermögensverwaltung
Address: Talacker 41, Zurich, 8022
Telephone: 41 44 217 83 83

Proventus Ag Vermögensverwaltung is a large advisory firm based in Zurich. It manages $627 million of regulatory assets for 123 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdiction of Texas.

Proventus Ag Vermögensverwaltung provides portfolio management for individuals and small businesses and publication of newsletters. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Proventus Ag Vermögensverwaltung: assets under management

The assets under management (AUM) of Proventus Ag Vermögensverwaltung is $627 million. The firm's AUM has gone down by -12% since the beginning of its operation, and $558 million of the total AUM is attributable to clients outside of the United States.

The firm manages $564 million in discretionary accounts and $63 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $5.42 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $3.32 million.

Investments

The firm invests in exchange traded securities the most. They account for 50% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 22% of the firm’s portfolio. Investments in other assets form 18% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Proventus Ag Vermögensverwaltung for their services and products based on a percentage of assets under management. 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 Proventus Ag Vermögensverwaltung serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Proventus Ag Vermögensverwaltung is high net worth individuals with 61 clients and $425.97 million of assets under management. Among the 8 most similar advisory firms, Proventus Ag Vermögensverwaltung has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $452.6 million for 120 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 89% of the firm’s clients are foreign persons or businesses.

Proventus Ag Vermögensverwaltung doesn't advise any private funds.

Careers at Proventus Ag Vermögensverwaltung

The company employs 6 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Bence Andras	Partner and member of the board of directors	1 Nov 1998	50% - 75%	6171633
Markus Widmer	Partner, cco and member of the board of directors	1 Nov 1998	50% - 75%	6171634

Based in Zurich

The principal office where Proventus Ag Vermögensverwaltung performs its advisory services is located at Talacker 41, Zurich, 8022, which is also the mailing address of the firm. The firm also has an office outside of the United States.

You can reach the main office by calling the phone number 41 44 217 83 83 or by fax 41 44 217 83 84. The normal business hours are 09.00 - 17.00 on Monday - Friday. You can find more information about the New York firm at proventus-vw.ch.