Busey Capital Management, Inc. is a large advisory firm based in Urbana. It manages $411.33 million of regulatory assets for 655 client accounts. It has been registered with the SEC as an adviser since 2003 and has operated in the jurisdictions of California, Florida, Illinois, and 4 other states.
Busey Capital Management provides portfolio management for individuals and small businesses 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.
The assets under management (AUM) of Busey Capital Management, Inc. is $411.33 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 925% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Busey Capital Management, Inc. 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.
The firm provides services to individuals and high net worth individuals. The largest group of clients of Robert Scott Macadam is individuals with 513 clients and $139.91 million of assets under management. Among the 11 most similar advisory firms, Busey Capital Management has the highest percentage of individuals out of all clients.
The amount of regulatory assets under management is $146.45 million for 524 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.
Busey Capital Management doesn't advise any private funds.
The company employs 11 people that are either part- or full-time employees. 82 percent of the employees work as investment advisers or researchers. 6 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.
Robert Scott Macadam has been acting as President since 1 Jul 2003. Robert J Ballsrud has served as the Chief Investment Officer since 1 Mar 2010. Busey Bank joined the executive team most recently as the Owner.
The principal office where Busey Capital Management, Inc. performs its advisory services is located at 201 W. Main Street, Urbana, IL 61801, which is also the mailing address of the firm. An additional office of the firm is in Creve Coeur, MO. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 217-365-4800 or by fax 217-351-6551. The normal business hours are 8:00am - 5:00pm on Monday - Friday.