Chicago Equity Partners LLC is a large advisory firm based in Chicago. It manages $6.01 billion of regulatory assets for 130 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Illinois and Wisconsin.
Chicago Equity Partners provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and reports on investing in equity securities. 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 Chicago Equity Partners LLC is $6.01 billion, all of which is managed in discretionary accounts. The firm's AUM has gone down by -28% since the beginning of its operation, and $439 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Chicago Equity Partners LLC for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to investment companies, charitable organizations, pooled investment vehicles, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Patrick Cornelius Lynch is pension and profit sharing plans with 16 clients and $2.51 billion of assets under management. Among the 8 most similar advisory firms, Chicago Equity Partners has the highest percentage of pension and profit sharing plans out of all clients.
The amount of regulatory assets under management is $5.34 billion for 64 clients. 1% of the firm’s clients are foreign persons or businesses.
Chicago Equity Partners also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $5,000,000 for each fund.
The company employs 39 people that are either part- or full-time employees. 49 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.
There are 5 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.
Patrick Cornelius Lynch has been acting as President since 1 Apr 2004. Keith Erik Gustafson joined the executive team most recently as the Management Committee Member & Managing Director.
The principal office where Chicago Equity Partners LLC performs its advisory services is located at 180 North Lasalle Street, Chicago, IL 60601, 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 312-629-8200 or by fax 312-629-2701. The normal business hours are 8:30 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at chicagoequitypartners.com.