Overview
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General
PAI a corporation formed in the State of Florida on or about May 2014 and registered to conduct
business as a SEC Registered Investment Adviser. PAI is wholly owned by Seth Grubman, who
also serves as the Adviser’s President and Chief Compliance Officer.
Description of Advisory Services
PAI provides asset management, research, and other financial advice to individuals and
corporations. PAI’s investment advisory services are provided through various types of non-
discretionary accounts (the “Accounts”) in accordance with each client’s investment objectives
and pursuant to the terms outlined in its investment advisory agreement. PAI does not provide
advisory services on a discretionary basis. The Adviser’s non-discretionary investment
management services include the design, structure, and implementation of investment
strategies. Investment activities focus on investments in various kinds of assets and securities
in a variety of markets that are intended to fit within the client’s objectives, strategies and risk
profile as described by each client. The overall advisory services offered by PAI fall within the
following categories:
Non-Discretionary Advisory Services
Adviser provides non-discretionary advisory services to all types of clients in accordance with a
non-discretionary advisory agreement between Adviser and the client. Each agreement typically
defines the services to be provided and if a fee is charged, which is outlined in the advisory
agreement. Adviser also provides recommendations and research regarding the investment of
securities and cash in a client’s account. These services are individually tailored to each client’s
needs and such advice may be provided to accounts with assets maintained
at various third
parties.
Family Office Services
The Adviser offers family office investment advisory services. Such services include, but are not
limited to furnishing advice to clients on matters not involving securities, such as financial
planning matters, retirement planning, real estate planning, trust services that often include
estate planning and educational services.
The Adviser’s services also include providing personalized confidential financial planning,
investment management and financial advisory, as well as family office services to individuals,
corporations, trusts and charitable organizations worldwide. Advice is provided through
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consultation with the client and may include: determination of financial objectives, identification
of financial problems, cash flow management, insurance review, investment management,
education funding, retirement planning, estate planning, real estate analysis and educational
services.
Other Services
Adviser may provide additional services for clients from time to time as agreed between the
client and the Adviser.
Regulatory Assets Under Management
As of December 31, 2023, PAI maintained approximately $839,222,058 in assets under
management on a non-discretionary basis.
Additional General Information
Other professionals (i.e., lawyers, accountants, insurance agents, etc.) may be
recommended to clients or engaged directly by the client on an as-needed basis. Conflicts
of interest related to recommendations of other professionals will be disclosed to the client
in the event they should occur.
PAI’s investment advisory agreements may not be assigned without client consent. PAI does
not currently participate in any Wrap Fee Programs.