Dearborn Partners L.L.C. (Chicago)

Dearborn Partners L.L.C. is a large advisory firm based in Chicago. It manages $2.3 billion of regulatory assets for 3,183 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Arizona, Arkansas, and 34 other states.

Dearborn Partners L.L.C provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for businesses and institutional clients, selection of other advisers, and model management provider. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Dearborn Partners L.L.C: assets under management

The assets under management (AUM) of Dearborn Partners L.L.C. is $2.3 billion. The firm's AUM has grown by 259% since the beginning of its operation, and $24.26 million of the total AUM is attributable to clients outside of the United States.

The firm manages $2.3 billion in discretionary accounts and $1.24 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $721.87 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $414.57 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 72% of the total AUM. The second-largest asset type is government bonds, which make up 23% of the firm’s portfolio. Investments in cash and cash equivalents form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Dearborn Partners L.L.C. for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients David Gerard Beata serves?

The firm provides services to individuals, investment companies, charitable organizations, other investment advisers, high net worth individuals, corporations or other businesses, pension and profit sharing plans, and sovereign wealth funds and foreign official institutions. The largest group of clients of David Gerard Beata is other investment advisers with 10 clients and $726.38 million of assets under management. Among the 6 most similar advisory firms, Dearborn Partners L.L.C has the highest percentage of other investment advisers out of all clients.

The amount of regulatory assets under management is $2.3 billion for 209 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Dearborn Partners L.L.C doesn't advise any private funds.

Careers at Dearborn Partners L.L.C.

The company employs 23 people that are either part- or full-time employees. 43 percent of the employees work as investment advisers or researchers. 2 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.

Dearborn Partners L.L.C. is owned by Philip Dale Swatzell. David Gerard Beata has been acting as President since 1 Jun 2001. Carol Milius Lippman joined the executive team most recently as the Member Class A.

Direct owners and executive officers

Indirect Owners

The SEC currently registers 3 indirect owners.

Based in Chicago

The principal office where Dearborn Partners L.L.C. performs its advisory services is located at 200 W Madison St, Chicago, IL 60606, 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 312-795-1000 or by fax 312-795-1111. The normal business hours are 8:00 a.m. and 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at dearbornpartners.com.

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