Private fund adviser · Naperville, IL
Ptma Investment Advisors
Prudent MAN Advisors, LLC · SEC-registered investment adviser · CRD 301973 · SEC 801-115313
At a glance
Ptma Investment Advisors is an SEC-registered investment adviser based in Naperville, Illinois, with $30.6 billion in regulatory assets under management as of its Form ADV filed April 30, 2026. Its largest client group by assets is pooled investment vehicles, and it reports 15 individual clients. By Form ADV it is a private fund adviser, ranked 253rd of 4,686 private fund advisers and 640th of 17,210 SEC-registered advisers by assets.
Main office 630-657-6400ptma.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $31B
- Rank among private fund advisers
- #253 of 4,686
- Rank among all SEC RIAs
- #640 of 17,210
- Rank in Illinois
- #42 of 684
- Individual clients
- 15
- High-net-worth clients
- 8
- Accounts
- 508
- Discretionary
- 93% of AUM
- Employees
- 157
- Advisory staff
- 81
- Offices
- 14
Owners and executives on its Form ADV
- Todd W. AltonChief Executive Officer
- Ian K. VoermannChief Financial Officer
- Brandon T. SwensenChief Investment Officer
- Othneil S. WaudChief Investment Officer Lgips
- Shannon M. SeiferthInterim Chief Compliance Officer/regulatory Attorney
- Ron SharonChief Information Security Officer
Custody and brokerage
Broker-dealer
Hybrid RIA
Ptma Investment Advisors is a hybrid RIA: 73 of its employees are also registered representatives of a broker-dealer. It names an affiliated broker-dealer: PMA Securities, LLC.
- PMA Securities, LLC ↗CRD 30397
An introducing broker-dealer: its trades clear through another firm, which holds the brokerage accounts. Its annual audited report filed with the SEC, February 2026
Its Form ADV brochure (filed March 2026) names PMA Securities as the broker-dealer its advisers are registered with.
Certain employees of PTMA IA are also registered representatives and/or municipal advisor representatives with PMA Securities.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| Pooled investment vehicles | 12 | $27B | 88% |
| State or municipal government entities | 108 | $1.8B | 6% |
| Corporations or other businesses | 3 | $1.2B | 4% |
| Insurance companies | 12 | $422M | 1% |
| Other investment advisers | 2 | $49M | <1% |
| Charitable organizations | 8 | $38M | <1% |
| High-net-worth individuals | 8 | $26M | <1% |
| Individuals | 7 | $2M | <1% |
| Other | 1 | $1M | <1% |
Disciplinary disclosures
Ptma Investment Advisors reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Portfolio management for individuals and small businesses
- Portfolio management for pooled investment vehicles
- Portfolio management for businesses and institutions
- Selecting other advisers
How it’s paid
- A percentage of assets under management
Form ADV and brochures on the SEC’s adviser search ↗ptma.com ↗
AtlasMembers
The full record on Ptma Investment Advisors
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, 6 years of filings
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- Growth over one, three and five years
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- Rank against 515 peers of its type and size
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- Owners and executives, with titles and stakes
- 6 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
- 6Locked
Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Background
Questions
How much does Ptma Investment Advisors manage?
Ptma Investment Advisors reports $30.6 billion in regulatory assets under management across 508 accounts, 93% of it on a discretionary basis, on its Form ADV filed April 30, 2026.
What kind of firm is Ptma Investment Advisors?
Ptma Investment Advisors is a private fund adviser by its Form ADV answers. Private funds are at least half of its business by assets.
Who are Ptma Investment Advisors’s clients?
By assets, its largest client types are pooled investment vehicles ($27.0 billion, 12 clients); state or municipal government entities ($1.8 billion, 108 clients); corporations or other businesses ($1.2 billion, 3 clients).
Does Ptma Investment Advisors have any disciplinary history?
Ptma Investment Advisors reports no disciplinary disclosures in Item 11 of its Form ADV. Check the SEC’s adviser search for the latest record.
Where these numbers come from
Every figure is Ptma Investment Advisors’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-04-30), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Ranks compare it by regulatory assets with every SEC-registered adviser and with firms of its type. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →