Prism Funds, LLC (Newtown)

Name: Prism Funds, LLC
Address: 4 Caufield Place, Newtown, PA, 18940
Telephone: 215-579-0966

Prism Funds, LLC is a related adviser based in Newtown. It manages $34.8 million of regulatory assets for 2 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of New Jersey and Pennsylvania.

Prism Funds provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Prism Funds: assets under management

The assets under management (AUM) of Prism Funds, LLC is $34.8 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 34% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $34.8 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $17.4 million each.

Prism Funds has custody of $34.8 million in cash and securities for 2 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Prism Funds, LLC for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Prism Funds serves?

The only and largest group of clients of Prism Funds is pooled investment vehicles with 2 clients and $34.8 million of assets under management. Among the 1 most similar advisory firms, Prism Funds has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $34.8 million for 2 clients. None of the firm’s clients are foreign persons or businesses.

Prism Funds also advises several private funds. Namely, two hedge funds. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.

Careers at Prism Funds, LLC

The company employs 1 person that is either a part- or full-time employee. 100 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Richard Victor Simkus	Member/chief compliance officer	1 Aug 2008	50% - 75%	1269936
Simkus Wealth Management	Managing member	1 Aug 2008	50% - 75%	20-1516057
Blue Horizon Investment Advisors	Managing member	1 Aug 2008	50% - 75%	04-3654150
William Johnson	Managing member, chief compliance officer	1 Aug 2008	50% - 75%	1851898
William Douglas Johnson	Managing member, chief compliance officer	1 Aug 2008	Other	1851898
Llc Prism Advisory Group	Member	1 Aug 2008	50% - 75%	20-1516057
Llc Blue Horizon Investment Advisors	Member	1 Aug 2008	50% - 75%	04-3654150
Llc Prism Advisory Group	Member	1 Jan 2011	50% - 75%	152555
Richard Victor Simkus	Member/chief compliance officer	1 Jan 2011	50% - 75%	1269936

Indirect Owners

The SEC currently registers 5 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Richard Victor Simkus	Managing member	1 Jan 2003	75% - 100%	1269936
William Johnson	President, chief compliance officer	1 Jan 2003	75% - 100%	1851898
William Douglas Johnson	President, chief compliance officer	1 Jan 2003	75% - 100%	1851898
Richard Victor Simkus	Managing member	1 Nov 2004	50% - 75%	1269936
Robert Joseph Savino	Member	1 Jan 2010	50% - 75%	1300981

Based in Newtown

The principal office where Prism Funds, LLC performs its advisory services is located at 4 Caufield Place, Newtown, PA 18940, which is also the mailing address of the firm. An additional office of the firm is in Chattanooga, TN. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 215-579-0966 or by fax 609-964-1733. The normal business hours are 8:30 am to 4:30 pm on Monday - Friday. You can find more information about the New York firm at prism-funds.com.