Chicago Partners Investment Group LLC (Chicago)

Name: Chicago Partners Investment Group LLC
Address: 1 North Wacker Drive, Chicago, IL, 60606
Telephone: 312 284 6363

Chicago Partners Investment Group LLC is a large advisory firm based in Chicago. It manages $1.65 billion of regulatory assets for 2,100 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of Arizona, California, District of Columbia, and 21 other states.

Chicago Partners Investment Group provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and 401k plan option review & monitoring. It prepares financial plans for more than 499 clients. On top of advisory services, the firm doesn't engage in other business activities.

Chicago Partners Investment Group: assets under management

The assets under management (AUM) of Chicago Partners Investment Group LLC is $1.65 billion. The firm's AUM has grown by 328% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.14 billion in discretionary accounts and $515.28 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $783.49 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $791.52 thousand.

Chicago Partners Investment Group has custody of $239.66 million in cash and securities for 237 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 58% of the total AUM. The second-largest asset type is exchange traded securities, which make up 37% of the firm’s portfolio. Investments in government bonds form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Chicago Partners Investment Group LLC for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Chicago Partners Investment Group serves?

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Chicago Partners Investment Group is high net worth individuals with 358 clients and $1.47 billion of assets under management. Among the 10 most similar advisory firms, Chicago Partners Investment Group has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.65 billion for 686 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Chicago Partners Investment Group doesn't advise any private funds.

Careers at Chicago Partners Investment Group LLC

The company employs 21 people that are either part- or full-time employees. 62 percent of the employees work as investment advisers or researchers. 19 employees are registered as investment adviser representatives with the state securities authorities.

There are 2 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
James Gerard Hagedorn	Managing member	1 Aug 2008	75% - 100%	4583528
Michael Philip O'connor	Partner	1 Jun 2017	Other	5295252

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
James Gerard Hagedorn	Partner	1 Jun 2008	75% - 100%	4583528

Based in Chicago

The principal office where Chicago Partners Investment Group LLC performs its advisory services is located at 1 North Wacker Drive, Chicago, IL 60606, which is also the mailing address of the firm. An additional office of the firm is in Spokane, WA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 312 284 6363 or by fax 312 275 7885. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at chicagopartnersllc.com.