Fairpointe Capital LLC (Chicago)

Name: Fairpointe Capital LLC
Address: One North Franklin Street, Chicago, IL, 60606 2401
Telephone: (312)477-3300

Fairpointe Capital LLC is a large advisory firm based in Chicago. It manages $2.94 billion of regulatory assets for 15 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdiction of Illinois.

Fairpointe Capital provides portfolio management for individuals and small businesses, portfolio management for investment companies, 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.

Fairpointe Capital: assets under management

The assets under management (AUM) of Fairpointe Capital LLC is $2.94 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 $166.84 million of the total AUM is attributable to clients outside of the United States.

The firm manages $2.94 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $195.69 million each.

Investments

The firm invests in exchange traded securities the most. They account for 97% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 2% of the firm’s portfolio. Investments in investment and business development companies form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Fairpointe Capital LLC 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 Robert Samuel Burnstine serves?

The firm provides services to investment companies, pooled investment vehicles, and state or municipal government entities. The largest group of clients of Robert Samuel Burnstine is investment companies with 3 clients and $2.53 billion of assets under management. Among the 6 most similar advisory firms, Fairpointe Capital has the highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $2.8 billion for 10 clients. 7% of the firm’s clients are foreign persons or businesses.

Fairpointe Capital also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $250,000 for each fund.

Careers at Fairpointe Capital LLC

The company employs 15 people that are either part- or full-time employees. 47 percent of the employees work as investment advisers or researchers. 5 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Robert Samuel Burnstine has been acting as President since 1 Feb 2011. Mary Louise Pierson joined the executive team most recently as the Co Chief Executive Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Thyra Emmy Zerhusen	Chief executive officer and chief investment officer	1 Dec 2010	75% - 100%	2435832
Robert John Lukaszewicz	Chief financial officer	1 Feb 2011	Other	5654273
Marie Louise Lorden	Portfolio manager	1 Feb 2011	Other	2846879
Robert Samuel Burnstine	President	1 Feb 2011	Other	2820734
Mary Louise Pierson	Portfolio manager	1 Feb 2011	Other	4907709
Michelle Joy Katauskas	Chief compliance officer	1 Jun 2011	Other	3110298
Mary Louise Pierson	Co-chief executive officer	1 Feb 2015	Other	4907709

Based in Chicago

The principal office where Fairpointe Capital LLC performs its advisory services is located at One North Franklin Street, Chicago, IL 60606 2401, 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)477-3300 or by fax (312) 477-3400. The normal business hours are 8 am - 5 pm on Monday - Friday. You can find more information about the New York firm at fairpointecapital.com/ and its LinkedIn profile.