About Primerica Advisors
Primerica, Inc. (NYSE: PRI) headquartered in Duluth, GA, is a leading provider of financial services specializing in serving the financial needs of middle-income households. Primerica's independent registered representatives and advisors have been helping families achieve financial security and independence since 1977. Through PFS Investments Inc., Primerica's broker-dealer, and Primerica Advisors, Primerica's RIA, we show people how they can achieve a better financial future through custom financial gameplans, then implement those plans with the most appropriate and scrupulously vetted best-in-class third-party financial products and services.
See Disclosures
General Information
Firm Start Year
1977
No. of Employees
1000-1999
CRD#
4193984
Firm CRD#
10111
Insurance License#
OC97056
Name of Broker/Dealer
PFS Investments Inc.
States Licensed in
CA, WA
Years of Experience in Financial Services
25
Number of Years with Current Firm
25
Work Experience
I didn't always "eat, sleep and breathe" financial services. I came into the profession after a lot of other kinds of life and work experience. In 1975 I earned a BFA in Theatre from the University of Cincinnati, then an MFA in writing from UCLA in 1978. After writing a little for television and having a couple of plays professionally produced I became a corporate employee. In 1999 I met with a financial professional because I was desperate for help with an old 401(k).
My financial ignorance at that point was embarrassing. But I was assured it was also universal. Most of us aren't taught the basics of personal finances at home or in school. When we start our work lives we are generally all thrown to the lions financially.
The financial professional I was lucky enough to meet gave me a sorely needed education then worked with me to build a personal game plan for optimum financial health. The clarity I received at that critical juncture inspired me to change career paths and deep-dive into attaining all the accreditation and licensing necessary to become a full-fledged financial professional myself.
Work with the following types of clients
Individual Investors, Businesses
Advisory Services Provided
Money Management, 401K Rollovers, Retirement Planning, Portfolio Management, Financial Planning, Insurance Products & Annuities, Investment Advice & Management, Financial Advice & Consulting, Risk Management, Education Funding and Planning, Financial Planning for Individuals, Financial Planning for Businesses, Wealth Management
Compliance
Registered Investment Advisor
Yes
Registered Representative
Yes
Investment Advisor Representative
Yes
Acknowledged fiduciary
Yes
Compliance Disclosures in Last 5 years
I have a clean record
Criminal Disclosures in Last 5 years
I have a clean record
Qualifications & Membership
Securities Licenses
Series 6, Series 26, Series 65, Series 63
Insurance and Annuity Licenses
Life, Variable Annuity, Annuity
Firm Information
Firm's Number of Clients
3 million
Firm's Number of Planning Clients
Many
Assets Managed by Firm
$3 billion
Compensation and Fees
Fee Structure
Fee-Based
Minimum Portfolio Size for New Managed Accounts
$50,000
Compensation Methods
Based on Assets
Fee % Based on Assets
1% or less
Additional Details on Charges
No charge for consultations or planning services. No upfront costs for moving assets into a Managed Account. Depending on account balance amount, and the kinds of investing styles utilized, the "all-in" Managed Account cost is an annual wrap fee of between 1.55% to 1.95% of net asset value including the 1% or less advisory fee.
Separate Components of the Wrap Fee:
* Advisor Fee: The charge for RIA supervision and IAR advice and servicing
* Custodian Fee: The charge for executing, clearing transactions, statements, tax reporting, safekeeping of assets and client portal management
* Asset Manager Fee: Third party, non-proprietary charges for providing asset allocation and portfolio management and other account management services
* Administrative Fee: RIA's charges for billing, performance reporting, tax reporting and other admin services.
Minimum Fee Charged for Managed Accounts
N/A
Minimum Fee Charged for Hourly Planning Accounts
N/A
Education
Bachelor of Fine Arts - Theatre Arts
University of Cincinnati
9/1971 -6/1975
Master of Fine Arts - Writing for Stage and Screen
UCLA
09/1976 -06/1978
Disclosures
Additional Detailed Disclosures
https://www.financialplanners.net/disclosure/1891545/financialplanners-Primerica-Advisors-detailed-disclosure.html