Glencoe Limited, L.L.C. (Chicago)

Name: Glencoe Limited, L.L.C.
Address: 444 North Michigan Avenue, Chicago, IL, 60611
Telephone: 312-795-6300

Glencoe Limited, L.L.C. is a large advisory firm based in Chicago. It manages $171.3 million of regulatory assets for 5 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of Illinois.

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

Glencoe Limited, L.L.C: assets under management

The assets under management (AUM) of Glencoe Limited, L.L.C. is $171.3 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -82% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $171.3 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $34.26 million each.

Glencoe Limited, L.L.C has custody of $1.4 million in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Glencoe Limited, L.L.C. for their services and products based on a percentage of assets under management and performance-based 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 S Evans serves?

The only and largest group of clients of David S Evans is pooled investment vehicles with 5 clients and $171.3 million of assets under management. Among the 9 most similar advisory firms, Glencoe Limited, L.L.C has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $171.3 million for 5 clients. None of the firm’s clients are foreign persons or businesses.

Glencoe Limited, L.L.C also advises several private funds. Namely, five private equity funds. The minimum investment commitment required of non-related persons ranges from $50,000 to $150,000,000.

Careers at Glencoe Limited, L.L.C.

The company employs 11 people that are either part- or full-time employees. 55 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.

David S Evans has been acting as President since 1 Jul 1998. Nick Robert Iovino joined the executive team most recently as the Controller And Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
David S Evans	President	1 Jul 1998	Other	1410329
Beth Satterfield	Cfo & coo	1 Jan 2004	Other	6011858
Glencoe Capital Holdings Llc	Member	1 Dec 2005	75% - 100%	36-4241996
Glencoe Capital Holdings Llc Series A	Member	1 Dec 2005	75% - 100%	20-6762362
Chris C Collins	Managing director	1 Jul 2006	Other	6011862
Jason Duzan	Managing director	1 Jun 2008	Other	6011861
G Douglas Patterson	Managing director	1 Mar 2009	Other	6011859
Rishi Girish Desai	Cco	1 Dec 2011	Other	4149965
John Joseph Canning	Cco	1 Apr 2012	Other	2372442
Julie Vuotto	Chief financial officer	1 Sep 2012	Other	6145437
James Evan Hoffman	Managing director	1 Jan 2015	Other	2393685
Judy Slater	Chief compliance officer	1 Feb 2015	Other	6466201
Judy Huong Slater	Chief compliance officer	1 Feb 2015	Other	6466201
Glencoe Capital Holdings Llc Series B	Member	1 Jan 2016	75% - 100%	36-7108456
Monica Byrd	Vice president - finance	1 Sep 2016	Other	6776693
James Richard Boyle	Chief financial officer & executive vice president	1 Sep 2016	Other	1867478
Monica Byrd	Chief financial officer & managing director	1 Mar 2018	Other	6776693
Nick Robert Iovino	Controller and chief compliance officer	1 Jan 2019	Other	7090768

Indirect Owners

The SEC currently registers 4 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
David S Evans	Trustee	1 Dec 1994	Other	1410329
Wolverine Trust	Member	1 Nov 1998	75% - 100%	36-7108456
Warren M Katz	Trustee	1 Jul 2005	Other	6011872
Piper Ridge Trust	Member	1 Jan 2016	75% - 100%	20-6762362

Based in Chicago

The principal office where Glencoe Limited, L.L.C. performs its advisory services is located at 444 North Michigan Avenue, Chicago, IL 60611, 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 312-795-6300 or by fax 312-795-6301. The normal business hours are 8:30am - 5:00pm ct on Monday - Friday. You can find more information about the New York firm at stockwellcapital.com.