Perritt Capital Management Inc is a large advisory firm based in Chicago. It manages $325.2 million of regulatory assets for 259 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Florida, Illinois, and Texas.
Perritt Capital Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for investment companies, and pension consulting services. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Perritt Capital Management Inc is $325.2 million. The firm's AUM has grown by 495% since the beginning of its operation, and $605 thousand of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Perritt Capital Management Inc for their services and products based on a percentage of assets under management and fixed 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.
The firm provides services to individuals, investment companies, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Michael James Corbett is investment companies with 2 clients and $171.41 million of assets under management. Among the 8 most similar advisory firms, Perritt Capital Management has the highest percentage of investment companies out of all clients.
The amount of regulatory assets under management is $325.2 million for 259 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.
Perritt Capital Management doesn't advise any private funds.
The company employs 9 people that are either part- or full-time employees. 56 percent of the employees work as investment advisers or researchers. 6 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.
Michael James Corbett has been acting as President since 1 Oct 2010. Investment Information Systems Employees Trust joined the executive team most recently as the Employee Owned Trust.
The principal office where Perritt Capital Management Inc performs its advisory services is located at 300 S. Wacker Dr., Chicago, IL 60606 6703, 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 312-669-1650 or by fax 312-669-1235. The normal business hours are 8:30am - 5:00pm on Monday - Friday. You can find more information about the New York firm at windgatewealthmanagement.com and its LinkedIn profile.