Bruce & Co Inc (Chicago)

Bruce & Co Inc is an investment adviser to an investment company based in Chicago. It manages $726.19 million of regulatory assets for 14 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdiction of Illinois.

Bruce & provides portfolio management for individuals and small businesses, portfolio management for investment companies, 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.

Bruce &: assets under management

The assets under management (AUM) of Bruce & Co Inc is $726.19 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 2417% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $726.19 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $51.87 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 government bonds, which make up 25% of the firm’s portfolio. Investments in investment grade corporate bonds form 8% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Bruce & Co 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.

What kind of clients Bruce & serves?

The firm provides services to investment companies and high net worth individuals. The largest group of clients of Bruce & is investment companies with 1 clients and $483.63 million of assets under management. Among the 9 most similar advisory firms, Bruce & has the highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $523.85 million for 7 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.

Bruce & doesn't advise any private funds.

Careers at Bruce & Co Inc

The company employs 2 people that are either part- or full-time employees. 100 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Robert B Bruce	President, chief compliance officer	1 Aug 1974	50% - 75%	1511351
Robert Jeffrey Bruce	Secretary	1 Apr 1983	25% - 50%	1511355

Based in Chicago

The principal office where Bruce & Co Inc performs its advisory services is located at 20 N. Wacker Drive Ste 2414, 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 312-236-9160 or by fax 312-236-9161. The normal business hours are 9:00am to 5:00pm on Monday - Friday.