Zazove Associates LLC (Deerfield)

Name: Zazove Associates LLC
Address: 520 Lake Cook Road, Deerfield, IL, 60015
Telephone: (847)239-7100

Zazove Associates LLC is a large advisory firm based in Deerfield. It manages $2.32 billion of regulatory assets for 88 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Illinois and Nevada.

Zazove Associates provides portfolio management for individuals and small businesses, portfolio management for investment companies, 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.

Zazove Associates: assets under management

The assets under management (AUM) of Zazove Associates LLC is $2.32 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 86% since the beginning of its operation, and $185.85 million of the total AUM is attributable to clients outside of the United States.

The firm manages $2.32 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $26.31 million each.

Zazove Associates has custody of $7.49 million in cash and securities for 4 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment grade corporate bonds the most. They account for 52% of the total AUM. The second-largest asset type is non-investment grade corporate bonds, which make up 36% of the firm’s portfolio. Investments in exchange traded securities form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Zazove Associates LLC for their services and products based on a percentage of assets under management and performance-based 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 Zazove Associates serves?

The firm provides services to insurance companies, investment companies, charitable organizations, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Zazove Associates is insurance companies with 64 clients and $1.45 billion of assets under management. Among the 6 most similar advisory firms, Zazove Associates has the 2nd highest percentage of insurance companies out of all clients.

The amount of regulatory assets under management is $2.32 billion for 87 clients. 8% of the firm’s clients are foreign persons or businesses.

Zazove Associates also advises several private funds. Namely, four hedge funds. The minimum investment commitment required of non-related persons ranges from $500,000 to $1,000,000.

Careers at Zazove Associates LLC

The company employs 25 people that are either part- or full-time employees. 52 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There are 4 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Gene Thomas Pretti	Chief executive officer; member	1 Jan 1995	Other	1283284
Inc. Zazove Associates	Managing member	1 Jan 1995	50% - 75%	36-3630548
Steven Michael Kleiman	Chief compliance officer; chief operating officer; general counsel	1 Jan 1995	Other	2507556
Steven M. Kleiman Declaration Of Trust Dtd 08/30/96	Member	1 Jan 1995	Other	48-6707680
Ludviksen Family Trust Dtd 06/24/03	Member	1 Jan 1995	Other	32-3688471
Mark Robert Ludviksen	Chief information officer; vice president; member	1 Jan 1995	Other	2001522
John William Zerweck	Portfolio manager; member	1 Jan 1995	Other	2192748
Steven Kleiman	Chief operating officer; general counsel; member	1 Jan 1995	Other	2507556
Christopher Bertrand Cook	Portfolio manager	1 May 2000	Other	1727555
Cook Family Trust Dtd 2/24/95	Member	1 May 2000	Other	52-4707627

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Gene Thomas Pretti	President; chairman	1 Mar 1989	50% - 75%	1283284

Based in Deerfield

The principal office where Zazove Associates LLC performs its advisory services is located at 520 Lake Cook Road, Deerfield, IL 60015, which is also the mailing address of the firm. An additional office of the firm is in Incline Village, NV. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (847)239-7100 or by fax (847)239-7101. The normal business hours are 8:30 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at zazove.com.