Professional Advisory Services Inc

Professional Advisory Services, Inc. (PASI) manages approximately $1.26 billion on a discretionary basis for roughly 596 client accounts, serving a mix of individual and high‑net‑worth clients (including trusts and IRAs) as well as corporate retirement plans, charities, and other business entities. The firm provides fee‑only, percentage‑of‑AUM portfolio management primarily focused on equities and investment‑grade corporate and, where appropriate, tax‑free municipal bonds.

PASI’s investment committee determines the holdings in a core portfolio using a combined top‑down and bottom‑up fundamental analysis, favoring high‑quality large‑capitalization growth stocks while capping individual stock positions and maintaining sector diversification. On the fixed‑income side the firm generally ladders bonds over a five‑to‑seven‑year range and typically holds issues to maturity, and trading and research are supported by an on‑site Bloomberg Terminal and formal committee review processes.

Distinctive features in the brochure include the firm’s long history as a family‑run independent adviser founded in 1977 with second‑generation leadership, routine client communications such as a quarterly newsletter and an annual time‑weighted performance report, and operational arrangements that link electronic trading via Bloomberg with an accommodation agreement with Goldman Sachs and use of Broadridge for proxy administration — elements that reflect an institutionalized trading and reporting infrastructure not typically emphasized by peer team firms.