Madden Funds Management Ltd. (Oak Park)

Name: Madden Funds Management Ltd.
Address: 1010 Lake Street Suite 604, Oak Park, IL, 60301
Telephone: 708-848-3200

Madden Funds Management Ltd. is a large advisory firm based in Oak Park. It manages $206 million of regulatory assets for 190 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdiction of Illinois.

Madden Funds Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and publication of newsletters. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Madden Funds Management: assets under management

The assets under management (AUM) of Madden Funds Management Ltd. is $206 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 587% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $206 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.08 million each.

Investments

The firm invests in exchange traded securities the most. They account for 60% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 40% of the firm’s portfolio.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Madden Funds Management Ltd. 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 Joseph Madden serves?

The only and largest group of clients of Joseph Madden is individuals with 190 clients and $206 million of assets under management. Among the 9 most similar advisory firms, Madden Funds Management has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $206 million for 190 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.

Madden Funds Management doesn't advise any private funds.

Careers at Madden Funds Management Ltd.

The company employs 3 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. No 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.

Joseph Madden has been acting as President since 1 Dec 1994. Daniel Joseph Madden joined the executive team most recently as the Vice President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Joseph Madden	President	1 Dec 1994	25% - 50%	2650978
Michael Madden	Chief compliance officer	1 Nov 2003	Other	3218107
Dan James Madden	Chief compliance officer	1 Mar 2009	Other	1431254
Michael Joseph Madden	Chief compliance officer	1 May 2009	25% - 50%	3218107
Michael Madden	Chief compliance officer	1 May 2009	Other	3218107
Daniel Joseph Madden	Vice president	1 Dec 2011	25% - 50%	5433746

Based in Oak Park

The principal office where Madden Funds Management Ltd. performs its advisory services is located at 1010 Lake Street Suite 604, Oak Park, IL 60301, 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 708-848-3200 or by fax 708-848-9442. The normal business hours are 9am to 5pm on Monday - Friday. You can find more information about the New York firm at maddenfunds.com.