Pfingsten Partners, L.L.C. (Chicago)

Name: Pfingsten Partners, L.L.C.
Address: 300 N. Lasalle Street, Chicago, IL, 60654
Telephone: 312-222-8707

Pfingsten Partners, L.L.C. is a large advisory firm based in Chicago. It manages $784.34 million of regulatory assets for 6 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of Illinois.

Pfingsten Partners, L.L.C provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Pfingsten Partners, L.L.C: assets under management

The assets under management (AUM) of Pfingsten Partners, L.L.C. is $784.34 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 3% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $784.34 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $130.72 million each.

Pfingsten Partners, L.L.C has custody of $784.34 million in cash and securities for 6 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Pfingsten Partners, L.L.C. for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Pfingsten Partners, L.L.C serves?

The only and largest group of clients of Pfingsten Partners, L.L.C is pooled investment vehicles with 6 clients and $784.34 million of assets under management. Among the 7 most similar advisory firms, Pfingsten Partners, L.L.C has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $784.34 million for 6 clients. None of the firm’s clients are foreign persons or businesses.

Pfingsten Partners, L.L.C also advises several private funds. Namely, six private equity funds. The minimum investment commitment required of non-related persons ranges from $500,000 to $1,000,000.

Careers at Pfingsten Partners, L.L.C.

The company employs 18 people that are either part- or full-time employees. 94 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate 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
Thomas Steven Bagley	Senior managing director and founder	1 Apr 1989	25% - 50%	5907096
John Harold Underwood	Senior managing director	1 Jan 1998	25% - 50%	5907097
James Joseph Norton	Senior managing director	1 Jan 2000	25% - 50%	5907101
Denio R Bolzan	Managing director of relying adviser	1 Jan 2009	Other	6019788
Scott A. Finegan	Managing director of relying adviser	1 Jan 2009	Other	6019774
John J Starcevich	Managing director of relying adviser	1 Jan 2009	Other	6019783
Jeffrey Albert Cote	Chief compliance officer	1 Jan 2010	Other	5907102
Andrew Williams Petri	Chief compliance officer	1 Jun 2015	Other	6499000

Based in Chicago

The principal office where Pfingsten Partners, L.L.C. performs its advisory services is located at 300 N. Lasalle Street, Chicago, IL 60654, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 312-222-8707 or by fax 312-222-8708. The normal business hours are 8:00am-5:00pm (cst) on Monday - Friday. You can find more information about the New York firm at pfingsten.com/.