Koshinski Asset Management, Inc. Dba Ipi Asset Management, Inc. (Decatur)

Name: Koshinski Asset Management, Inc. Dba Ipi Asset Management, Inc.
Address: 226 W. Eldorado, Decatur, IL, 62522
Telephone: 217-425-6340

Koshinski Asset Management, Inc. Dba Ipi Asset Management, Inc. is a large advisory firm based in Decatur. It manages $1.18 billion of regulatory assets for 5,108 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of Alabama, Arizona, Arkansas, and 43 other states.

Koshinski Asset Management, Inc. Dba Ipi Asset Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, selection of other advisers, and educational seminars and workshops. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Koshinski Asset Management, Inc. Dba Ipi Asset Management: assets under management

The assets under management (AUM) of Koshinski Asset Management, Inc. Dba Ipi Asset Management, Inc. is $1.18 billion. The firm's AUM has grown by 198% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $690.26 million in discretionary accounts and $491.17 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $186.56 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $348.85 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 70% of the total AUM. The second-largest asset type is investment and business development companies, which make up 10% of the firm’s portfolio. Investments in investment grade corporate bonds form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Koshinski Asset Management, Inc. Dba Ipi Asset Management, Inc. 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 David Paul Koshinski serves?

The firm provides services to individuals, insurance companies, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of David Paul Koshinski is individuals with 5,064 clients and $1.08 billion of assets under management. Among the 10 most similar advisory firms, Koshinski Asset Management, Inc. Dba Ipi Asset Management has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $1.18 billion for 5,108 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.

Koshinski Asset Management, Inc. Dba Ipi Asset Management doesn't advise any private funds.

Careers at Koshinski Asset Management, Inc. Dba Ipi Asset Management, Inc.

The company employs 79 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 79 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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.

David Paul Koshinski has been acting as President since 1 Jan 1996. Lori Lea Fuerstenberg joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
David Paul Koshinski	President	1 Jan 1996	50% - 75%	1765543
Karen Rae Reynolds	Registered options principal	1 Apr 2004	Other	4445349
Thomas James Ealy	Vice president	1 Jul 2008	Other	863042
Benjamin Edward Bramer	Chief compliance officer	1 Oct 2008	Other	3222029
Timothy Patrick Highland	Exec. v. president	1 May 2009	Other	2007660
John Michael Koth	Chief compliance officer	1 Dec 2012	Other	1760032
David Paul Koshinski	Municipal principal	1 Nov 2013	75% - 100%	1765543
Renee Elaine Emrick	Chief compliance officer	1 Nov 2013	Other	2686571
Mary Jane Yeager	Municipal principal	1 May 2016	Other	4586374
Michelle Suzanne Hancock	Registered options principal	1 Aug 2016	Other	4934512
Allen Bayard Closser	President	1 Jun 2017	Other	1101000
Lori Lea Fuerstenberg	Chief compliance officer	1 Nov 2018	Other	4023335

Based in Decatur

The principal office where Koshinski Asset Management, Inc. Dba Ipi Asset Management, Inc. performs its advisory services is located at 226 W. Eldorado, Decatur, IL 62522 The mailing address of the firm is P.O. Box 170, Decatur, IL 62525 0170. An additional office of the firm is in Brentwood, TN. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 217-425-6340 or by fax 217-425-9581. The normal business hours are 7:30 am - 4:30 pm on Monday - Friday. You can find more information about the New York firm at investment-planners.com.