Professional Management Associates, Inc.

Professional Management Associates, Inc. serves as a solicitor that refers prospective clients—principally individuals, high‑net‑worth individuals, and small businesses—to investment advisory programs offered by a third‑party registered adviser, The Colony Group, LLC. PMA itself does not maintain advisory client accounts or directly manage client assets; clients who accept a referral receive services and account statements from the third‑party manager.

When making referrals, PMA evaluates whether the manager’s programs are consistent with a client’s objectives and financial circumstances and provides the manager’s program brochures and disclosure materials prior to account opening. PMA does not provide investment advice, exercise investment discretion, custody client assets, or conduct ongoing account reviews for referred advisory accounts; those functions are performed by the manager.

PMA’s business model is distinctive among firms in this category in that it selects and aligns with an external adviser rather than running its own advisory programs, and it does not charge clients a percentage‑of‑assets advisory fee; instead, it receives referral compensation paid by the manager out of the manager’s advisory fee. The firm’s small structure (two principals), lack of custody or discretionary authority, and exclusive solicitor relationship with a single third‑party manager distinguish it from peers that directly manage client portfolios or bill on an AUM basis.