Investment Consultants (Evanston)

Investment Consultants is a large advisory firm based in Evanston. It manages $183.05 million of regulatory assets for 42 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdiction of Illinois.

Investment Consultants provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and dc participant educ & rpting; performance monitoring. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Investment Consultants: assets under management

The assets under management (AUM) of Investment Consultants is $183.05 million. The company doesn't manage any assets belonging to foreign clients.

Investments

The firm invests in investment and business development companies the most. They account for 91% of the total AUM. The second-largest asset type is pooled investment vehicles, which make up 8% of the firm’s portfolio. Investments in other assets form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Investment Consultants for their services and products based on a percentage of assets under management and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Investment Consultants serves?

The firm provides services to high net worth individuals and pension and profit sharing plans. The largest group of clients of Investment Consultants is pension and profit sharing plans with 6 clients and $151.28 million of assets under management. Among the 8 most similar advisory firms, Investment Consultants has the highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $176.22 million for 19 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.

Investment Consultants doesn't advise any private funds.

Careers at Investment Consultants

The company employs 1 person that is either a part- or full-time employee. 100 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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
Inc. Pillar Financial Services	Partner	1 Jan 1992	50% - 75%	36-3802345
Compensation & Capital Administrative Services	Partner	1 Jan 1992	50% - 75%	36-3464764
William Daniel Gela	Chief compliance officer & managing director	1 Jan 1992	Other	1450633

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Kenneth Arthur Matson	Owner/shareholder	1 Sep 1986	75% - 100%	4355975

Based in Evanston

The principal office where Investment Consultants performs its advisory services is located at 2515 Lawndale, Evanston, IL 60201 1157, 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 847-492-9559 or by fax 847-492-1395. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday.