Portfolio Resources Advisor Group (PRAG) offers investment supervisory and portfolio management services to individuals, trusts, estates, charitable organizations, corporations, and business entities. PRAG uses third-party money management platforms like Envestnet and First Affirmative Financial Network. PRAG provides ongoing investment advice and monitors client accounts based on their objectives and restrictions. PRAG also offers administrative services to other registered investment advisors, such as billing and performance reporting.
Assets Under Management$120M
Clients349
Advisors11
Avg. per Client$350K
Avg. per Advisor$11M
Fee Structure
Minimum Investment:$100K
PRAG offers investment management through wrap-fee and non-wrap-fee programs.
Wrap-Fee Program:
- Fees will not exceed 2.75% annually on the first $1 million of your portfolio, 2.50% on the next $4 million, and 2.25% on amounts above $5 million. This fee covers the portfolio manager, platform fees, transaction costs, and PRAG's advisory fee. Minimum fees vary depending on the specific program and sub-manager, typically between $100-$500 annually.
Non-Wrap-Fee Program:
- Fees are up to 1.75% annually on the first $1 million of your portfolio and up to 1.50% on the next $4 million. Fees are negotiable above $5 million. This fee includes the cost of sub-managers and platform fees, but does not include billing and reporting fees or custodial transaction costs.
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