Public Trust Advisors, Llc
SEC-registered
Private Fund Manager · Mega ($100B+)
CRD 159189
· SEC file 801-72782
· Denver, CO
· www.texasclass.com
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ADV data as of Apr 30, 2026
- Regulatory AUM
- $104B
- Discretionary
- $98.9B
- Clients
- 82
- Avg AUM / client
- $1.3B
- Accounts
- 239
- Employees
- 157
AUM over time
$0
$104B
Nov 2011
Dec 2025
Annual snapshots from Form ADV filings · as of Apr 30, 2026
Asset allocation (SMA assets by investment type)
as of Apr 30, 2026
US government & agency bonds
$75.1B
72%
Cash & equivalents
$14.6B
14%
Investment-grade corporate bonds
$13.6B
13%
State & local bonds
$1.0B
1%
Share of SMA assets by investment vehicle type, as filed in Form ADV Item 5.K. Dollar figures are percentages applied to total regulatory AUM.
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 11 | $88.5B | 84.9% |
| State or municipal government entities | 71 | $15.7B | 15.1% |
Nonprofit clients
Charities that reported this firm as a top-paid contractor (investment services) on Form 990.
| Charity | Location | Period |
|---|---|---|
| Louisiana Asset Management Pool Inc EIN 721255917 | New Orleans, LA | 12/31/2024 |
People (17)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Edwards, Donald, Joseph | Trustee | Jun 2000 (26y) | GP / trustee / elected manager of Donald J Edwards Revocable Trust (indirect) | |
| Tight, Thomas, N. | Managing Director | May 2012 (14y) | Less than 5% | |
| Othneil Stockwell Waud | Chief Investment Officer | CFA | Mar 2016 (10y) | Less than 5% |
| Alton, Todd, William | Chief Executive Officer | Jan 2021 (6y) | Less than 5% | |
| Welsh, Jennifer, Tomasz | General Counsel And Chief Compliance Officer | Jul 2022 (4y) | Less than 5% | |
| James O'neill Davis | Executive Chairman | Oct 2024 (2y) | Less than 5% | |
| Manuel Norman San Luis | Registered representative | Apr 2016 (10y) | ||
| Mark John Creger | Registered representative | Apr 2016 (10y) | ||
| Robert Joseph Shull | Registered representative | Jun 2022 (4y) | ||
| Sean Joseph Fitzgerald | Registered representative | Sep 2022 (4y) | ||
| Brett Stephen Parsons | Registered representative | Mar 2023 (3y) | ||
| Danielle Elizabeth Steers Campbell | Registered representative | Aug 2023 (3y) | ||
| Adam Casey Gunning | Registered representative | Sep 2023 (3y) | ||
| Charles Mac Innes Langford | Registered representative | Mar 2025 (1y) | ||
| Gregory Taylor Hansen | Registered representative | Oct 2025 (1y) | ||
| Trevor Scott Davenport | Registered representative | Nov 2025 (1y) | ||
| Carolyn Jean Anderson | Registered representative | Nov 2025 (1y) |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Pinnacle Purchaser, Llc | Member | Oct 2024 | A | 75% or more |
| Fitzgerald, Sandra | Chief Financial Officer | Jan 2021 | A | Less than 5% |
| Sugrue, Brian | Chief Information Officer | Sep 2021 | A | Less than 5% |
| Starr, Matthew | Managing Director | Mar 2023 | A | Less than 5% |
| Flexpoint Fund V A, L.P. | Sole Member | May 2024 | B | ≈ 2.5% – 50% via Pinnacle Ff Aggregator, Llc |
| Pinnacle Intermediateco, Llc | Sole Member | Oct 2024 | B | ≈ 56.25% – 100% via Pinnacle Purchaser, Llc |
| Pinnacle Equityco, Llc | Sole Member | Oct 2024 | B | ≈ 42.19% – 100% via Pinnacle Intermediateco, Llc |
| Pma Parent Holdings, Llc | Sole Member | Oct 2024 | B | ≈ 31.64% – 100% via Pinnacle Equityco, Llc |
| Ta Pma Intermediate, Llc | Sole Member | Feb 2024 | B | ≈ 23.73% – 100% via Pma Parent Holdings, Llc |
| Ta Pma Purchaser, Llc | Sole Member | Oct 2023 | B | ≈ 17.8% – 100% via Ta Pma Intermediate, Llc |
| Pma Pta Holdings, Llc | Sole Member | Oct 2023 | B | ≈ 13.35% – 100% via Ta Pma Purchaser, Llc |
| Ta Associates Pma Holdings, Llc | Member | Oct 2023 | B | ≈ 10.01% – 100% via Pma Pta Holdings, Llc |
| Ta Xiv B Pma Blocker Corp | Limited Partner | Oct 2023 | B | ≈ 1.88% – 50% via Ta Xiv B Pma Subsidiary Partnership, L.P. |
| Ta Xiv B, L.P. | Shareholder | Oct 2023 | B | ≈ 1.41% – 50% via Ta Xiv B Pma Blocker Corp |
| Ta Xiv A, L.P. | Member | Oct 2023 | B | ≈ 5.01% – 75% via Ta Associates Pma Holdings, Llc |
| Ta Xiv B Pma Subsidiary Partnership, L.P. | Member | Oct 2023 | B | ≈ 2.5% – 50% via Ta Associates Pma Holdings, Llc |
| Pinnacle Ff Aggregator, Llc | Member | Oct 2024 | B | ≈ 3.34% – 50% via Pma Pta Holdings, Llc |
| Donald J Edwards Revocable Trust | Limited Partner | Feb 2024 | B | 25% – 50% of Flexpoint Management V, L.P. (indirect) |
| Ta Associate Xiv Gp, L.P. | General Partner | Oct 2023 | B | GP / trustee / elected manager of Ta Xiv B Pma Subsidiary Partnership, L.P. (indirect) |
| Ta Associates Xiv Gp, L.P. | General Partner | Feb 2021 | B | GP / trustee / elected manager of Ta Xiv B, L.P. (indirect) |
| Ta Assocaites Cayman, Llc | General Partner | Feb 2021 | B | GP / trustee / elected manager of Ta Associates Xiv Gp, L.P. (indirect) |
| Flexpoint Management V, L.P. | General Partner | Mar 2022 | B | GP / trustee / elected manager of Flexpoint Fund V A, L.P. (indirect) |
| Flexpoint Ultimate Management V, Llc | General Partner | Mar 2022 | B | GP / trustee / elected manager of Flexpoint Management V, L.P. (indirect) |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Flexpoint Fund V A, L.P.: 75% – 100% of Pinnacle Ff Aggregator, Llc × 25% – 50% of Pma Pta Holdings, Llc × 75% – 100% of Ta Pma Purchaser, Llc × 75% – 100% of Ta Pma Intermediate, Llc × 75% – 100% of Pma Parent Holdings, Llc × 75% – 100% of Pinnacle Equityco, Llc × 75% – 100% of Pinnacle Intermediateco, Llc × 75% – 100% of Pinnacle Purchaser, Llc × 75% – 100% direct ≈ 2.5% – 50% of the firm
- Pinnacle Intermediateco, Llc: 75% – 100% of Pinnacle Purchaser, Llc × 75% – 100% direct ≈ 56.25% – 100% of the firm
- Pinnacle Equityco, Llc: 75% – 100% of Pinnacle Intermediateco, Llc × 75% – 100% of Pinnacle Purchaser, Llc × 75% – 100% direct ≈ 42.19% – 100% of the firm
- Pma Parent Holdings, Llc: 75% – 100% of Pinnacle Equityco, Llc × 75% – 100% of Pinnacle Intermediateco, Llc × 75% – 100% of Pinnacle Purchaser, Llc × 75% – 100% direct ≈ 31.64% – 100% of the firm
- Ta Pma Intermediate, Llc: 75% – 100% of Pma Parent Holdings, Llc × 75% – 100% of Pinnacle Equityco, Llc × 75% – 100% of Pinnacle Intermediateco, Llc × 75% – 100% of Pinnacle Purchaser, Llc × 75% – 100% direct ≈ 23.73% – 100% of the firm
- Ta Pma Purchaser, Llc: 75% – 100% of Ta Pma Intermediate, Llc × 75% – 100% of Pma Parent Holdings, Llc × 75% – 100% of Pinnacle Equityco, Llc × 75% – 100% of Pinnacle Intermediateco, Llc × 75% – 100% of Pinnacle Purchaser, Llc × 75% – 100% direct ≈ 17.8% – 100% of the firm
- Pma Pta Holdings, Llc: 75% – 100% of Ta Pma Purchaser, Llc × 75% – 100% of Ta Pma Intermediate, Llc × 75% – 100% of Pma Parent Holdings, Llc × 75% – 100% of Pinnacle Equityco, Llc × 75% – 100% of Pinnacle Intermediateco, Llc × 75% – 100% of Pinnacle Purchaser, Llc × 75% – 100% direct ≈ 13.35% – 100% of the firm
- Ta Associates Pma Holdings, Llc: 75% – 100% of Pma Pta Holdings, Llc × 75% – 100% of Ta Pma Purchaser, Llc × 75% – 100% of Ta Pma Intermediate, Llc × 75% – 100% of Pma Parent Holdings, Llc × 75% – 100% of Pinnacle Equityco, Llc × 75% – 100% of Pinnacle Intermediateco, Llc × 75% – 100% of Pinnacle Purchaser, Llc × 75% – 100% direct ≈ 10.01% – 100% of the firm
- Ta Xiv B Pma Blocker Corp: 75% – 100% of Ta Xiv B Pma Subsidiary Partnership, L.P. × 25% – 50% of Ta Associates Pma Holdings, Llc × 75% – 100% of Pma Pta Holdings, Llc × 75% – 100% of Ta Pma Purchaser, Llc × 75% – 100% of Ta Pma Intermediate, Llc × 75% – 100% of Pma Parent Holdings, Llc × 75% – 100% of Pinnacle Equityco, Llc × 75% – 100% of Pinnacle Intermediateco, Llc × 75% – 100% of Pinnacle Purchaser, Llc × 75% – 100% direct ≈ 1.88% – 50% of the firm
- Ta Xiv B, L.P.: 75% – 100% of Ta Xiv B Pma Blocker Corp × 75% – 100% of Ta Xiv B Pma Subsidiary Partnership, L.P. × 25% – 50% of Ta Associates Pma Holdings, Llc × 75% – 100% of Pma Pta Holdings, Llc × 75% – 100% of Ta Pma Purchaser, Llc × 75% – 100% of Ta Pma Intermediate, Llc × 75% – 100% of Pma Parent Holdings, Llc × 75% – 100% of Pinnacle Equityco, Llc × 75% – 100% of Pinnacle Intermediateco, Llc × 75% – 100% of Pinnacle Purchaser, Llc × 75% – 100% direct ≈ 1.41% – 50% of the firm
- Ta Xiv A, L.P.: 50% – 75% of Ta Associates Pma Holdings, Llc × 75% – 100% of Pma Pta Holdings, Llc × 75% – 100% of Ta Pma Purchaser, Llc × 75% – 100% of Ta Pma Intermediate, Llc × 75% – 100% of Pma Parent Holdings, Llc × 75% – 100% of Pinnacle Equityco, Llc × 75% – 100% of Pinnacle Intermediateco, Llc × 75% – 100% of Pinnacle Purchaser, Llc × 75% – 100% direct ≈ 5.01% – 75% of the firm
- Ta Xiv B Pma Subsidiary Partnership, L.P.: 25% – 50% of Ta Associates Pma Holdings, Llc × 75% – 100% of Pma Pta Holdings, Llc × 75% – 100% of Ta Pma Purchaser, Llc × 75% – 100% of Ta Pma Intermediate, Llc × 75% – 100% of Pma Parent Holdings, Llc × 75% – 100% of Pinnacle Equityco, Llc × 75% – 100% of Pinnacle Intermediateco, Llc × 75% – 100% of Pinnacle Purchaser, Llc × 75% – 100% direct ≈ 2.5% – 50% of the firm
- Pinnacle Ff Aggregator, Llc: 25% – 50% of Pma Pta Holdings, Llc × 75% – 100% of Ta Pma Purchaser, Llc × 75% – 100% of Ta Pma Intermediate, Llc × 75% – 100% of Pma Parent Holdings, Llc × 75% – 100% of Pinnacle Equityco, Llc × 75% – 100% of Pinnacle Intermediateco, Llc × 75% – 100% of Pinnacle Purchaser, Llc × 75% – 100% direct ≈ 3.34% – 50% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Foundations & charities (1)
| Organization | Type | Assets | As of |
|---|---|---|---|
| Louisiana Asset Management Pool Inc | Public charity | $12.5M | 12/31/2024 |
From IRS Form 990 investment-management-fee disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 04/30/2026 | 1.23 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Fixed fees
- • Other fees
- • CONSULTING FEES
Services
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
- • Other services
Custody
Reported custodians
- U.S. Bank $5.2B (5% of AUM) Apr 2026
- Umb Bank $2.2B (2% of AUM) Apr 2026
- BNY Mellon $2.0B (2% of AUM) Apr 2026
- Wells Fargo $1.7B (3% of AUM) Feb 2023
- Citibank $836M (3% of AUM) Oct 2019
- Umb Financial Corporation $690M (3% of AUM) Mar 2018
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Apr 30, 2026.
View current Form ADV (SEC/IAPD) ↗