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Progress Alliance Investment Services

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Client assets under management

$1,054,325

Clients

5

0% high-net-worth

Advisors

2

of 2 employees

Firm type

Supported

1-4 advisors or >$200M in AUM

More info

Clients per advisor

3

Very Low

Average account size

$210,865

About

Progress Alliance Investment Services provides portfolio management, financial planning, and investment consulting primarily for individual (non‑high‑net‑worth) clients, and also accepts pension plans, charitable organizations, and other small entities. Services described in the brochure include discretionary active and passive portfolio management, assistance selecting and monitoring third‑party portfolio managers, and both wrap and non‑wrap account programs.

The firm collects standard suitability information (risk tolerance, time horizon, income and liquidity needs) and tailors account objectives accordingly; accounts are generally managed on a discretionary basis and may be overseen by third‑party managers. PAIS offers planning and consulting engagements (flat, hourly, or asset‑based), uses third‑party planning software and reporting vendors, and provides quarterly performance reporting and periodic supervisory surveillances.

What distinguishes PAIS from many peers is its small, essentially solo practice model combined with insurance business activities: the brochure discloses the principal is a licensed insurance agent, the IARs divide time between advisory work and insurance programs, and the firm may recommend fixed indexed insurance products that generate commissions. The firm also sponsors wrap‑fee programs, hosts educational seminars (sometimes sponsored), and relies on third‑party managers and custodians (including arrangements referenced with LPL, SEI, and an investment manager) for certain donor‑advised and managed accounts—attributes that the brochure highlights as material and less common among similar supported firms.

Client services

Financial planning Portfolio management Pension consulting Selection of other advisers Educational seminars or workshops

Expertise

Wealth management

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Fee options

Fixed

Flat fees generally range from $200 to $10,000; negotiable.

Commissions

Commissions may be paid on certain securities or fixed indexed insurance products sold; commissions are separate from advisory fees.

Project-based

Hourly fees generally range from $100 to $500 per hour; negotiable.

Other

Fee-only: Flat fees generally range from $200 to $10,000. Hourly fees generally range from $100 to $500 per hour. Fees are negotiable.

Main office location

Progress Alliance Investment Services

Indianapolis IN, United States

Number of offices

1

Most active in

More info

Indiana

Disclosures

More info

Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.

Business activities & affiliations

More info

Forms ADV

Form ADV Part 2: Client Brochure

Quick links

3174356356

Advisors at this firm

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user avatar

Jay L

Series 65

Indianapolis, IN

Progress Alliance Investment Services

Jay Lerman is a Series 65-licensed financial advisor with 19 years of industry experience. He is affiliated with Progress Alliance Investment Services and has worked at Lerman Financial Group, Inc. and First Allied Advisory Services during his career. Lerman serves as a director of the Society of Financial Services Professionals, a nonprofit organization. Progress Alliance Investment Services provides portfolio management, financial planning, and investment consulting primarily for individual clients, as well as pension plans, charitable organizations, and other small entities. The firm offers discretionary active and passive management, third-party manager oversight, and both wrap and non-wrap account programs.

Wealth management
user avatar

Jerry G

ChFC®, Series 63, Series 65

Englewood, CO

Progress Alliance Investment Services

Jerry Gruber is a ChFC® with 42 years of industry experience, currently affiliated with Progress Alliance Investment Services in Englewood, CO. His prior experience includes positions at Ameriprise Financial Services Inc., DFPG Investments, Inc., and National Planning Corporation. Outside of advisory work, he holds leadership roles in consulting firms, serving as Director of Marketing at NEOPP Consulting and President of Rocky Mountain Financial Consultants, Inc. Progress Alliance Investment Services provides portfolio management, financial planning, and investment consulting primarily for individual clients, along with pension plans, charitable organizations, and other small entities. The firm emphasizes tailored account objectives based on client suitability and manages accounts mostly on a discretionary basis, often utilizing third-party managers and a mix of active and passive investment strategies.

Wealth management
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