Asset Management For Professionals Inc (Whitefish Bay)

Name: Asset Management For Professionals Inc
Address: 421 E. Silver Spring Drive, Whitefish Bay, WI, 53217
Telephone: 414-332-1011

Asset Management For Professionals Inc is a large advisory firm based in Whitefish Bay. It manages $352 million of regulatory assets for 400 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Florida, Georgia, Illinois, and Wisconsin.

Asset Management For Professionals provides portfolio management for individuals and small businesses, 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.

Asset Management For Professionals: assets under management

The assets under management (AUM) of Asset Management For Professionals Inc is $352 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 682% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $352 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $880 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 56% of the total AUM. The second-largest asset type is investment and business development companies, which make up 29% of the firm’s portfolio. Investments in investment grade corporate bonds form 5% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Asset Management For Professionals Inc 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 Asset Management For Professionals serves?

The firm provides services to other investment advisers, high net worth individuals, pooled investment vehicles, and pension and profit sharing plans. The largest group of clients of Asset Management For Professionals is other investment advisers with 8 clients and $152 million of assets under management. Among the 6 most similar advisory firms, Asset Management For Professionals has the highest percentage of other investment advisers out of all clients.

The amount of regulatory assets under management is $352 million for 166 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.

Asset Management For Professionals doesn't advise any private funds.

Careers at Asset Management For Professionals Inc

The company employs 5 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 5 employees are registered as investment adviser representatives with the state securities authorities.

There are 10 people 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.

Wayne Erwin Hansen joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Jerome Arthur Mahalick	Chief executive officer and chief financial officer	1 Nov 1994	75% - 100%	2532456
Jerome Mahalick	Chief executive officer	1 Nov 1994	75% - 100%	2532456
Gregory Todd Mahalick	President and chief compliance officer	1 Jul 2006	Other	2940893
Gregory Todd Mahalick	Partner (7/2006) and chief compliance officer (6/2009)	1 Jun 2009	Other	2940893
Wayne Erwin Hansen	Chief compliance officer	1 Jan 2010	Other	2820515

Based in Whitefish Bay

The principal office where Asset Management For Professionals Inc performs its advisory services is located at 421 E. Silver Spring Drive, Whitefish Bay, WI 53217, 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 414-332-1011 or by fax 414-332-1014. 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 ampinvestment.com/.