About PDM Advisors

Peter Maynard, MBAPDM Advisors (PDM) was formed in 2004 as a sole proprietorship by Peter Maynard, MBA.  Mr. Maynard has been involved with the financial field, in one form or another, for 25 years.  In the past, he has been employed by AXA Financial, Principal Financial and Sallie Mae.  He received his Masters in Business Administration in 1986 from the Rochester Institute of Technology, Rochester, NY.

In 2004, not comfortable with the sales relationship common in the field, he completed the regulatory transition to forming PDM Advisors.  As a Registered Investment Advisor (RIA), PDM charges an annual management fee, normally 1%, to construct, monitor, and rebalance the client’s account. An RIA must act in a “fiduciary” capacity to put the client’s interests first. Other financial salespeople must only meet a “suitability” standard. For example, suppose that the client needs a US real estate investment for diversification. The stockbroker (or other non-RIA person) might look for the investment that pays the highest commission to the broker even if it was the not the best choice for the client. They have met the “suitability” standard. They sold an investment that was suitable for the client. The RIA, on the other hand, would choose the best choice (lowest cost, good track record, etc.) for the client because that would meet the “fiduciary” standard. The advantage of this form of doing business is it perfectly aligns the interests of the client and PDM.  When PDM suggests changes to the portfolio the client does not have that nagging thought in the back of the mind which wonders “what’s in it for him?”.  My interest is the same as the client: protect and grow the account. For more information on how an RIA differs from a broker, click here. For information on the role of the Advisor, click here.