{
  "crd_number": 301973,
  "slug": "ptma-investment-advisors-naperville-il-301973",
  "primary_business_name": "PTMA INVESTMENT ADVISORS",
  "legal_name": "PRUDENT MAN ADVISORS, LLC",
  "dbas": [
    "PMA ASSET MANAGEMENT, LLC",
    "PTMA INVESTMENT ADVISORS"
  ],
  "city": "Naperville",
  "state": "IL",
  "country": "United States",
  "cbsa_code": "16980",
  "metro": {
    "cbsa_code": "16980",
    "common_name": "Chicago",
    "msa_name": "Chicago-Naperville-Elgin, IL-IN",
    "path": "/advisors/il/chicago"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2019-04-02",
  "years_registered": 7,
  "period": "2026-10-01",
  "filing_date": "2026-04-30",
  "carried_forward": false,
  "raum_total": 30592958541.0,
  "raum_discretionary": 28560083577.0,
  "raum_non_discretionary": 2032874964.0,
  "raum_band": "over_5b",
  "raum_band_label": "Over $5 billion",
  "total_employees": 157,
  "advisory_employees": 81,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "other": {
      "raum": 737918.0,
      "count": 1,
      "description": "ASSOCIATIONS",
      "fewer_than_5": true
    },
    "charitable": {
      "raum": 38183833.0,
      "count": 8
    },
    "individuals": {
      "raum": 2399648.0,
      "count": 7
    },
    "banking_thrift": {
      "raum": 0.0,
      "count": null
    },
    "state_municipal": {
      "raum": 1811928471.0,
      "count": 108
    },
    "insurance_companies": {
      "raum": 422439986.0,
      "count": 12
    },
    "investment_companies": {
      "raum": 0.0,
      "count": null
    },
    "pension_profit_sharing": {
      "raum": 0.0,
      "count": null
    },
    "other_investment_advisers": {
      "raum": 48642997.0,
      "count": 2,
      "fewer_than_5": true
    },
    "high_net_worth_individuals": {
      "raum": 26236253.0,
      "count": 8
    },
    "pooled_investment_vehicles": {
      "raum": 27045098232.0,
      "count": 12
    },
    "corporations_other_businesses": {
      "raum": 1197291203.0,
      "count": 3,
      "fewer_than_5": true
    },
    "business_development_companies": {
      "raum": 0.0,
      "count": null
    },
    "sovereign_wealth_foreign_official": {
      "raum": 0.0,
      "count": null
    }
  },
  "compensation_types": [
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "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": [
    "CO",
    "FL",
    "IA",
    "IL",
    "MI",
    "MN",
    "MO",
    "NE",
    "NH",
    "NY",
    "OK",
    "PA",
    "SD",
    "TX",
    "WI"
  ],
  "websites": [
    "https://investmntrust.org",
    "https://investmocaat.com",
    "https://investwisc.com",
    "https://ipait.org",
    "https://iprimetrust.org",
    "https://isjit.org",
    "https://linkedin.com/SHOWCASE/PRUDENT-MAN-ADVISORS",
    "https://linkedin.com/company/pma-financial-network",
    "https://linkedin.com/company/ptma-financial-solutions",
    "https://linkedin.com/showcase/pma-securities-inc.",
    "https://linkedin.com/showcase/ptma-funding",
    "https://nhpdip.com",
    "https://npait.com",
    "https://olaponline.org",
    "https://pmanetwork.com",
    "https://psdlaf.org",
    "https://ptma.com",
    "https://sdfit.org",
    "https://x.com/psdlaf"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/301973",
  "city_as_filed": "NAPERVILLE",
  "url": "https://advisorcensus.com/firm/ptma-investment-advisors-naperville-il-301973",
  "display_name": "Ptma Investment Advisors",
  "summary": "Ptma Investment Advisors is an SEC-registered investment advisory firm in Naperville, IL, registered since 2019, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated April 30, 2026.",
  "citation": "AdvisorCensus. Ptma Investment Advisors (CRD 301973): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management"
  ],
  "advisory_activity_labels": [
    "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",
    "Selection of other advisers (including private fund managers)"
  ],
  "quick_answers": [
    {
      "q": "How is Ptma Investment Advisors compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Ptma Investment Advisors reports these compensation arrangements: a percentage of assets under its management. The amounts are in Item 5 of its Form ADV Part 2A brochure."
    },
    {
      "q": "Where is Ptma Investment Advisors located?",
      "a": "Ptma Investment Advisors' principal office is in Naperville, IL, according to its Form ADV; the May 2026 filing also lists 13 other offices (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Ptma Investment Advisors registered with the SEC or a state?",
      "a": "Ptma Investment Advisors is an SEC-registered investment advisory firm, registered since 2019. Status as filed: Approved. CRD 301973."
    },
    {
      "q": "How much does Ptma Investment Advisors manage?",
      "a": "Ptma Investment Advisors reports $30,592,958,541 in regulatory assets under management in its Form ADV filing dated April 30, 2026 (93% discretionary)."
    },
    {
      "q": "How have Ptma Investment Advisors' assets and staff changed since 2021?",
      "a": "In the Form ADV data for Ptma Investment Advisors: Regulatory assets under management: $13,652,418,594 in the October 2021 data and $30,592,958,541 in the October 2026 data, up 124%. Total employees: 65 in October 2021 and 157 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Ptma Investment Advisors serve?",
      "a": "By number of clients on Form ADV Item 5.D: state or municipal government entities (including government pension plans) (108); pooled investment vehicles (other than investment companies and business development companies) (12); insurance companies (12)."
    },
    {
      "q": "Which custodians does Ptma Investment Advisors use?",
      "a": "Ptma Investment Advisors' most recent Form ADV filing (Schedule D, Section 5.K(3)) lists UMB Bank and US Bank as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Ptma Investment Advisors 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/301973"
    },
    {
      "q": "What changed in Ptma Investment Advisors' recent Form ADV filings?",
      "a": "In the May 2026 filing data: Changed its office addresses in St. Louis Park, MN. Updated its list of owners and control persons (Schedule A)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 13652418594.0,
      "total_employees": 65,
      "filing_date": "2021-03-31"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 21534425937.0,
      "total_employees": 64,
      "filing_date": "2022-03-31"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 20201030405.0,
      "total_employees": 69,
      "filing_date": "2023-04-03"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 26993711221.0,
      "total_employees": 73,
      "filing_date": "2024-04-15"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 27791353702.0,
      "total_employees": 79,
      "filing_date": "2025-07-14"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 30592958541.0,
      "total_employees": 157,
      "filing_date": "2026-04-30"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-05-01",
      "period_label": "May 2026",
      "notes": [
        "Changed its office addresses in St. Louis Park, MN.",
        "Updated its list of owners and control persons (Schedule A)."
      ]
    },
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 67 to 81.",
        "Regulatory assets under management went from $27,791,353,702 to $30,592,958,541 (+10%).",
        "Added an office in Chamblee, GA.",
        "Added an office in Hopewell Junction, NY.",
        "Added an office in Pleasanton, CA.",
        "Added an office in Richardson, TX.",
        "No longer lists an office in Fishkill, NY.",
        "Registered or notice-filed in NH.",
        "Updated its list of owners and control persons (Schedule A)."
      ]
    },
    {
      "period": "2026-02-01",
      "period_label": "February 2026",
      "notes": [
        "Updated its list of owners and control persons (Schedule A)."
      ]
    },
    {
      "period": "2026-01-01",
      "period_label": "January 2026",
      "notes": [
        "No longer registered or notice-filed in AZ."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [
    {
      "name": "UMB Bank",
      "name_as_filed": "UMB BANK",
      "affiliated": false
    },
    {
      "name": "US Bank",
      "name_as_filed": "US BANK",
      "affiliated": false
    }
  ],
  "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.",
  "markdown_url": "https://advisorcensus.com/firm/ptma-investment-advisors-naperville-il-301973.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 7,
      "fewer_than_5": false,
      "raum": 2399648.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 8,
      "fewer_than_5": false,
      "raum": 26236253.0
    },
    {
      "type": "banking_thrift",
      "label": "Banking or thrift institutions",
      "count": null,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": null,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "business_development_companies",
      "label": "Business development companies",
      "count": null,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 12,
      "fewer_than_5": false,
      "raum": 27045098232.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": null,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 8,
      "fewer_than_5": false,
      "raum": 38183833.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": 108,
      "fewer_than_5": false,
      "raum": 1811928471.0
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": 2,
      "fewer_than_5": true,
      "raum": 48642997.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": 12,
      "fewer_than_5": false,
      "raum": 422439986.0
    },
    {
      "type": "sovereign_wealth_foreign_official",
      "label": "Sovereign wealth funds and foreign official institutions",
      "count": null,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 3,
      "fewer_than_5": true,
      "raum": 1197291203.0
    },
    {
      "type": "other",
      "label": "Other",
      "count": 1,
      "fewer_than_5": true,
      "raum": 737918.0
    }
  ],
  "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/301973",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}