Channing Capital Management, LLC (Chicago)

Name: Channing Capital Management, LLC
Address: 10 South Lasalle Street, Chicago, IL, 60603
Telephone: 312-223-0211

Channing Capital Management, LLC is a large advisory firm based in Chicago. It manages $2.33 billion of regulatory assets for 52 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of Georgia, Illinois, Tennessee, and Texas.

Channing Capital Management provides 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.

Channing Capital Management: assets under management

The assets under management (AUM) of Channing Capital Management, LLC is $2.33 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 3792% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $2.33 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $44.9 million each.

Channing Capital Management has custody of $11.18 million in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 98% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 2% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Channing Capital Management, 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 Channing Capital Management serves?

The firm provides services to investment companies, charitable organizations, other investment advisers, pooled investment vehicles, and state or municipal government entities. The largest group of clients of Channing Capital Management is state or municipal government entities with 22 clients and $1.64 billion of assets under management. Among the 5 most similar advisory firms, Channing Capital Management has the highest percentage of state or municipal government entities out of all clients.

The amount of regulatory assets under management is $2.24 billion for 46 clients. None of the firm’s clients are foreign persons or businesses.

Channing Capital Management also advises several private funds. Namely, one other private fund. The minimum investment commitment required of non-related persons is $100,000 for each fund.

Careers at Channing Capital Management, LLC

The company employs 18 people that are either part- or full-time employees. 44 percent of the employees work as investment advisers or researchers. 4 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Rodney Bernard Herenton	Co-founder, partner, director of marketing & client service, & llc-member	1 Aug 2003	Other	2384624
Eric Taylor Mckissack	Co-founder, managing partner, portfolio manager & llc-member	1 Aug 2003	25% - 50%	1727081
Inc. Herenton Capital Management	Shareholder	1 Aug 2003	25% - 50%	118821
Wendell Eric Mackey	Co-founder, partner, portfolio manager, & llc-member	1 Jan 2004	Other	2661422
Dana Luclaire Pointer	Chief compliance officer	1 Jan 2004	Other	2867423
Llc. Herenton Capital Management	Llc-member	1 Apr 2005	25% - 50%	99-9999999
Marvin Harris Barge	Chief compliance officer	1 Apr 2005	Other	4866470
Sidney Gregory Wigfall	Chief compliance officer	1 Jul 2007	Other	4712352
Daniel P Harley	Chief compliance officer	1 Feb 2018	Other	4003252

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Rodney Bernard Herenton	Shareholder	1 Oct 2001	75% - 100%	2384624
Inc. Herenton Capital Partners	Shareholder	1 Dec 2001	75% - 100%	118934
Rodney Bernard Herenton	Llc-member & majority owner	1 Apr 2005	75% - 100%	2384624

Based in Chicago

The principal office where Channing Capital Management, LLC performs its advisory services is located at 10 South Lasalle Street, Chicago, IL 60603, which is also the mailing address of the firm. An additional office of the firm is in Atlanta, GA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 312-223-0211 or by fax 312-223-0212. The normal business hours are 8:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at channingcapital.com.