Patrick Mauro Investment Advisor, Inc. (Oak Brook)

Name: Patrick Mauro Investment Advisor, Inc.
Address: 38 Mockingbird Lane, Oak Brook, IL, 60523 1749
Telephone: 630-789-3374

Patrick Mauro Investment Advisor, Inc. is a large advisory firm based in Oak Brook. It manages $125 million of regulatory assets for 182 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdiction of Illinois.

Patrick Mauro Investment Advisor provides portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Patrick Mauro Investment Advisor: assets under management

The assets under management (AUM) of Patrick Mauro Investment Advisor, Inc. is $125 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 317% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $125 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $686.84 thousand each.

Patrick Mauro Investment Advisor has custody of $1 million in cash and securities for 14 clients in total and acts as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 78% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 14% of the firm’s portfolio. Investments in investment and business development companies form 5% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Patrick Mauro Investment Advisor, Inc. for their services and products based on a percentage of assets under management. 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 Patrick John Mauro serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Patrick John Mauro is high net worth individuals with 40 clients and $107.56 million of assets under management. Among the 2 most similar advisory firms, Patrick Mauro Investment Advisor has the lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $125 million for 119 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.

Patrick Mauro Investment Advisor doesn't advise any private funds.

Careers at Patrick Mauro Investment Advisor, Inc.

The company employs 3 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 3 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.

Patrick John Mauro has been acting as President since 1 Aug 1996. Mary Ellen Mauro joined the executive team most recently as the Secretary.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Patrick John Mauro	President/chief compliance officer	1 Aug 1996	75% - 100%	1130227
Mary Ellen Mauro	Secretary	1 Aug 1996	Other	4585534

Based in Oak Brook

The principal office where Patrick Mauro Investment Advisor, Inc. performs its advisory services is located at 38 Mockingbird Lane, Oak Brook, IL 60523 1749, 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 630-789-3374. The normal business hours are 8:00am-5:00pm on Monday - Friday. You can find more information about the New York firm at mauroinvestor.com.