Promanage, LLC (Chicago)

Name: Promanage, LLC
Address: 130 E Randolph St, Chicago, IL, 60601
Telephone: 312-456-0665

Promanage, LLC is a large advisory firm based in Chicago. It manages $3.06 billion of regulatory assets for 6 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of Arkansas, California, Connecticut, and 20 other states.

Promanage provides financial planning services, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and retirement readiness statements & financial wellness application. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Promanage: assets under management

The assets under management (AUM) of Promanage, LLC is $3.06 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 2251% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $3.06 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $509.39 million each.

Investments

The firm invests in investment and business development companies the most. They account for 88% of the total AUM. The second-largest asset type is pooled investment vehicles, which make up 12% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Promanage, LLC for their services and products based on a percentage of assets under management, hourly charges, 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 Michael Mcclelland Chard serves?

The only and largest group of clients of Michael Mcclelland Chard is pension and profit sharing plans with 6 clients and $3.06 billion of assets under management. Among the 8 most similar advisory firms, Promanage has the highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $3.06 billion for 6 clients. None of the firm’s clients are foreign persons or businesses.

Promanage doesn't advise any private funds.

Careers at Promanage, LLC

The company employs 14 people that are either part- or full-time employees. 50 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Michael Mcclelland Chard has been acting as President since 1 Jul 2018. Michael Scott Falk has served as the Chief Investment Officer since 1 Oct 2004. Anthony Sabos joined the executive team most recently as the Managing Member & Ceo.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Anthony Sabos	Member & president	1 Jun 2004	Other	4377174
Carl Lee Londe	Member, chairman, ceo & cco	1 Jun 2004	Other	856811
Icm Asset Management Inc	Member	1 Jun 2004	50% - 75%	105046
Anthony Sabos	Member & president	1 Oct 2004	Other	4377174
Carl Lee Londe	Member, ceo & chief compliance officer	1 Oct 2004	Other	856811
Icm Asset Management Inc	Manager	1 Oct 2004	50% - 75%	105046
Dale Owen Butterfield	Secretary-treasurer, director	1 Oct 2004	Other	4342916
Steven King Neff	Director	1 Oct 2004	Other	1254281
Michael Scott Falk	Chief investment officer	1 Oct 2004	Other	1964329
Michael Chard	Vice president	1 Oct 2004	Other	5475420
James Marvin Simmons	Ceo of managing member	1 Jun 2005	Other	2336504
Luke Malte Collins	Executive v.p., member	1 Sep 2005	Other	2829177
Michael Chard	Executive vice president	1 Dec 2007	Other	5475420
Stephen Nall Foster	Executive vice president	1 Dec 2007	Other	1438736
James Marvin Simmons	Chairman, director strategic development, marketing & sales	1 Apr 2009	50% - 75%	2336504
Dale Owen Butterfield	General manager & assistant to chairman	1 Apr 2009	Other	4342916
William W Mills	Executive vp	1 Oct 2010	Other	5198634
Patrick Charles Bourbon	Cio	1 Dec 2010	Other	5738104
William W Mills	Execuitve vp	1 Dec 2010	Other	5198634
Patrick Charles Bourbon	Cio	1 Jan 2011	Other	5738104
Peter Joseph Chase	Manager; coo of icm/managing member	1 May 2015	Other	6510977
Steven King Neff	Manager	1 May 2015	Other	1254281
Dale Owen Butterfield	Manager	1 May 2015	Other	4342916
Anthony Sabos	Managing member & president	1 Sep 2015	25% - 50%	4377174
Carl Lee Londe	Managing member, ceo & chief compliance officer	1 Sep 2015	25% - 50%	856811
Robert Louis Cohen	Cio	1 May 2017	Other	6788615
Anthony Sabos	Managing member & ceo	1 Jul 2018	25% - 50%	4377174
Carl Lee Londe	Managing member, chief compliance officer & senior consultant	1 Jul 2018	25% - 50%	856811
Michael Mcclelland Chard	President	1 Jul 2018	Other	5475420
Annette Jean Hilton	Executive vice president	1 Jul 2018	Other	4290619

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
James Marvin Simmons	Ceo,cio,director	1 Nov 1981	50% - 75%	2336504

Based in Chicago

The principal office where Promanage, LLC performs its advisory services is located at 130 E Randolph St, Chicago, IL 60601, which is also the mailing address of the firm. An additional office of the firm is in St Louis, MO. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 312-456-0665 or by fax 312-726-3097. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at promanageplan.com.