{
  "crd_number": 292085,
  "slug": "pmadvisers-292085",
  "primary_business_name": "PMADVISERS",
  "legal_name": "PUENTES MAYORGA ADVISERS, S.A.S",
  "dbas": [],
  "city": null,
  "state": null,
  "country": null,
  "cbsa_code": null,
  "metro": null,
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2018-04-20",
  "years_registered": 8,
  "period": "2026-10-01",
  "filing_date": "2026-09-15",
  "carried_forward": false,
  "raum_total": 1500000.0,
  "raum_discretionary": 1500000.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "under_25m",
  "raum_band_label": "Under $25 million",
  "total_employees": 2,
  "advisory_employees": 2,
  "client_count_bucket": null,
  "clients_by_type": {
    "individuals": {
      "raum": 1500000.0,
      "count": 4
    }
  },
  "compensation_types": [
    "fixed",
    "hourly",
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "educational_seminars",
    "financial_planning",
    "market_timing",
    "pension_consulting",
    "periodicals_newsletters",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "portfolio_management_pooled_vehicles",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [],
  "websites": [
    "https://pmadvisers.net"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/292085",
  "city_as_filed": null,
  "url": "https://advisorcensus.com/firm/pmadvisers-292085",
  "display_name": "Pmadvisers",
  "summary": "Pmadvisers is an SEC-registered investment advisory firm, registered since 2018, reporting under $25 million in regulatory assets under management in its Form ADV filing dated September 15, 2026.",
  "citation": "AdvisorCensus. Pmadvisers (CRD 292085): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Hourly charges",
    "Fixed fees (other than subscription fees)",
    "Performance-based fees"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for pooled investment vehicles (other than investment companies)",
    "Portfolio management for businesses (other than small businesses) or institutional clients",
    "Pension consulting services",
    "Selection of other advisers (including private fund managers)",
    "Publication of periodicals or newsletters",
    "Market timing services",
    "Educational seminars/workshops"
  ],
  "quick_answers": [
    {
      "q": "How is Pmadvisers compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Pmadvisers reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees); performance-based fees."
    },
    {
      "q": "How much does Pmadvisers charge?",
      "a": "Its Form ADV Part 2A brochure dated August 20, 2026 states: Hourly rate: $100 an hour (Financial planning services as well as advice and counsel for specific…); Hourly rate: $1,000 an hour (Speaking fees). Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Is Pmadvisers registered with the SEC or a state?",
      "a": "Pmadvisers is an SEC-registered investment advisory firm, registered since 2018. Status as filed: Approved. CRD 292085."
    },
    {
      "q": "How much does Pmadvisers manage?",
      "a": "Pmadvisers reports $1,500,000 in regulatory assets under management in its Form ADV filing dated September 15, 2026 (100% discretionary)."
    },
    {
      "q": "How have Pmadvisers' assets and staff changed since 2021?",
      "a": "In the Form ADV data for Pmadvisers: Regulatory assets under management: $300,000 in the October 2021 data and $1,500,000 in the October 2026 data, up 400%. Total employees: 2 in October 2021 and 2 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Pmadvisers serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (4)."
    },
    {
      "q": "Does Pmadvisers report any disciplinary disclosures?",
      "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/292085"
    },
    {
      "q": "What changed in Pmadvisers' recent Form ADV filings?",
      "a": "In the September 2026 filing data: Regulatory assets under management went from $1,300,000 to $1,500,000 (+15%). Updated its list of owners and control persons (Schedule A)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 300000.0,
      "total_employees": 2,
      "filing_date": "2021-02-02"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 500000.0,
      "total_employees": 2,
      "filing_date": "2022-03-01"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 700000.0,
      "total_employees": 2,
      "filing_date": "2023-03-29"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 1300000.0,
      "total_employees": 2,
      "filing_date": "2024-09-11"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 1300000.0,
      "total_employees": 2,
      "filing_date": "2025-07-09"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 1500000.0,
      "total_employees": 2,
      "filing_date": "2026-09-15"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-09-01",
      "period_label": "September 2026",
      "notes": [
        "Regulatory assets under management went from $1,300,000 to $1,500,000 (+15%).",
        "Updated its list of owners and control persons (Schedule A)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated August 20, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": null,
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": "$1,000",
    "planning_fees": [
      "Hourly rate: $100 an hour (Financial planning services as well as advice and counsel for specific…)",
      "Hourly rate: $1,000 an hour (Speaking fees)"
    ],
    "figures": [
      {
        "label": "Minimum annual fee",
        "statements": [
          "Minimum annual fee: $1,000"
        ],
        "quotes": [
          "Most accounts pay a minimum fee of $1,000; however, accounts may be accepted for less than the suggested minimum."
        ]
      },
      {
        "label": "Planning fee",
        "statements": [
          "Hourly rate: $100 an hour (Financial planning services as well as advice and counsel for specific…)"
        ],
        "quotes": [
          "Financial planning services as well as advice and counsel for specific advice issues not involving an ongoing relationship will be billed at the hourly rate of $100 payable when the service is rendered."
        ]
      },
      {
        "label": "Planning fee",
        "statements": [
          "Hourly rate: $1,000 an hour (Speaking fees)"
        ],
        "quotes": [
          "Speaking fees will be billed also by an hourly rate of $1000."
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": null,
      "minimum_annual_fee": 1000.0,
      "planning": [
        {
          "kind": "hourly",
          "amount": 100.0,
          "min": null,
          "max": null,
          "period": "hour",
          "service": "Financial planning services as well as advice and counsel for specific advice issues not involving an ongoing relationsh"
        },
        {
          "kind": "hourly",
          "amount": 1000.0,
          "min": null,
          "max": null,
          "period": "hour",
          "service": "Speaking fees"
        }
      ]
    },
    "quotes": [
      "Most accounts pay a minimum fee of $1,000; however, accounts may be accepted for less than the suggested minimum.",
      "Financial planning services as well as advice and counsel for specific advice issues not involving an ongoing relationship will be billed at the hourly rate of $100 payable when the service is rendered.",
      "Speaking fees will be billed also by an hourly rate of $1000."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [],
  "custodians_note": null,
  "markdown_url": "https://advisorcensus.com/firm/pmadvisers-292085.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 4,
      "fewer_than_5": false,
      "raum": 1500000.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/292085",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}