Crescent Grove Advisors, LLC (Lake Forest)

Crescent Grove Advisors, LLC is a large advisory firm based in Lake Forest. It manages $2.89 billion of regulatory assets for 196 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of Arizona, Florida, Georgia, and 6 other states.

Crescent Grove Advisors provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Crescent Grove Advisors: assets under management

The assets under management (AUM) of Crescent Grove Advisors, LLC is $2.89 billion. The firm's AUM has grown by 92% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $2.86 billion in discretionary accounts and $24.63 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $14.77 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $12.32 million.

Crescent Grove Advisors has custody of $1.7 billion in cash and securities for 189 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 34% of the total AUM. The second-largest asset type is exchange traded securities, which make up 23% of the firm’s portfolio. Investments in state and local bonds form 13% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Crescent Grove Advisors, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Crescent Grove Advisors serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of Crescent Grove Advisors is high net worth individuals with 176 clients and $2.79 billion of assets under management. Among the 10 most similar advisory firms, Crescent Grove Advisors has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $2.89 billion for 196 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.

Crescent Grove Advisors doesn't advise any private funds.

Careers at Crescent Grove Advisors, LLC

The company employs 27 people that are either part- or full-time employees. 52 percent of the employees work as investment advisers or researchers. 13 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
Gregg William George	Chief compliance officer and managing director	1 Apr 2015	Other	2962011
Nicholas Henry Kochanski	Managing director	1 Apr 2015	Other	4608208
David Scott Keevins	Managing director	1 Apr 2015	Other	2194433
Mitchell Abraham Prosk	Member and senior client advisor	1 Apr 2015	Other	4170500
Donald Anthony Wright	Senior client advisor	1 May 2015	Other	4187472
Llc Crescent Grove Holdings	Shareholder	1 Jun 2015	75% - 100%	47-4298465
Megan Burke Roudebush	Chief compliance officer	1 Feb 2017	Other	6227030

Based in Lake Forest

The principal office where Crescent Grove Advisors, LLC performs its advisory services is located at 100 North Field Drive, Lake Forest, IL 60045, which is also the mailing address of the firm. An additional office of the firm is in Atlanta, GA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 847-752-0292 or by fax 224-880-5701. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday.