# Ptma Investment Advisors

> 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.

- CRD: 301973
- Filed as: PTMA INVESTMENT ADVISORS
- Legal name: Prudent MAN Advisors, LLC
- Also doing business as: PMA ASSET MANAGEMENT, LLC, PTMA INVESTMENT ADVISORS
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Naperville, IL
- Filing period: October 2026
- Form ADV filing dated: April 30, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/301973
- AdvisorCensus page: https://advisorcensus.com/firm/ptma-investment-advisors-naperville-il-301973

## Quick answers

**How is Ptma Investment Advisors compensated?**
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.

**Where is Ptma Investment Advisors located?**
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).

**Is Ptma Investment Advisors registered with the SEC or a state?**
Ptma Investment Advisors is an SEC-registered investment advisory firm, registered since 2019. Status as filed: Approved. CRD 301973.

**How much does Ptma Investment Advisors manage?**
Ptma Investment Advisors reports $30,592,958,541 in regulatory assets under management in its Form ADV filing dated April 30, 2026 (93% discretionary).

**How have Ptma Investment Advisors' assets and staff changed since 2021?**
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.

**What types of clients does Ptma Investment Advisors serve?**
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).

**Which custodians does Ptma Investment Advisors use?**
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.

**Does Ptma Investment Advisors report any disciplinary disclosures?**
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

**What changed in Ptma Investment Advisors' recent Form ADV filings?**
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).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management

### Custodians (Schedule D, Section 5.K(3))
- UMB Bank
- US Bank

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.

### Regulatory assets under management (Item 5.F)
- Total: $30,592,958,541
- Discretionary: $28,560,083,577
- Non-discretionary: $2,032,874,964

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 7 | $2,399,648 |
| High net worth individuals | 8 | $26,236,253 |
| Banking or thrift institutions | Not reported | $0 |
| Investment companies | Not reported | $0 |
| Business development companies | Not reported | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 12 | $27,045,098,232 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | Not reported | $0 |
| Charitable organizations | 8 | $38,183,833 |
| State or municipal government entities (including government pension plans) | 108 | $1,811,928,471 |
| Other investment advisers | 2 | $48,642,997 |
| Insurance companies | 12 | $422,439,986 |
| Sovereign wealth funds and foreign official institutions | Not reported | $0 |
| Corporations or other businesses not listed above | 3 | $1,197,291,203 |
| Other | 1 | $737,918 |

### Advisory services (Item 5.G)
- 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)

### Firm details
- Registered since: 2019 (7 years)
- Employees: 157 total, 81 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CO, FL, IA, IL, MI, MN, MO, NE, NH, NY, OK, PA, SD, TX, WI
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the May 2026 filing
- Albertville, MN
- Chamblee, GA
- Denver, CO
- Hopewell Junction, NY
- Lancaster, PA
- Lincoln, NE
- Milwaukee, WI
- Orlando, FL
- Pleasanton, CA
- Richardson, TX
- St. Louis Park, MN
- St. Louis, MO
- West des Moines, IA

### Websites listed on Form ADV (Item 1.I)
- [investmntrust.org](https://investmntrust.org)
- [investmocaat.com](https://investmocaat.com)
- [investwisc.com](https://investwisc.com)
- [ipait.org](https://ipait.org)
- [iprimetrust.org](https://iprimetrust.org)
- [isjit.org](https://isjit.org)
- [nhpdip.com](https://nhpdip.com)
- [npait.com](https://npait.com)
- [olaponline.org](https://olaponline.org)
- [pmanetwork.com](https://pmanetwork.com)
- [psdlaf.org](https://psdlaf.org)
- [ptma.com](https://ptma.com)
- [sdfit.org](https://sdfit.org)
- LinkedIn @PRUDENT-MAN-ADVISORS
- LinkedIn @pma-financial-network
- LinkedIn @ptma-financial-solutions
- LinkedIn @pma-securities-inc.
- LinkedIn @ptma-funding
- X @psdlaf

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $13,652,418,594 | 65 | March 31, 2021 |
| October 2022 | $21,534,425,937 | 64 | March 31, 2022 |
| October 2023 | $20,201,030,405 | 69 | April 3, 2023 |
| October 2024 | $26,993,711,221 | 73 | April 15, 2024 |
| October 2025 | $27,791,353,702 | 79 | July 14, 2025 |
| October 2026 | $30,592,958,541 | 157 | April 30, 2026 |

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.

## Changes in the filing (last 12 months)

### May 2026
- Changed its office addresses in St. Louis Park, MN.
- Updated its list of owners and control persons (Schedule A).

### April 2026
- 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).

### February 2026
- Updated its list of owners and control persons (Schedule A).

### January 2026
- No longer registered or notice-filed in AZ.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Ptma Investment Advisors (CRD 301973): Form ADV filing data as of October 2026.