Koshinski Asset Management Inc. (Decatur)

Koshinski Asset Management Inc. is a large advisory firm based in Decatur. It manages $428.44 million of regulatory assets for 1,710 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Arkansas, California, Colorado, and 30 other states.

Koshinski Asset Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and pension consulting services. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Koshinski Asset Management: assets under management

The assets under management (AUM) of Koshinski Asset Management Inc. is $428.44 million. The firm's AUM has grown by 734% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $73.94 million in discretionary accounts and $354.5 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $404.04 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $232.16 thousand.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Koshinski Asset Management Inc. for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and commissions. Commissions are paid and earned by the adviser when a trade or a sales of an investment is made. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

Careers at Koshinski Asset Management Inc.

Koshinski Asset Management Inc. is owned by David Paul Koshinski. Gary E Owen joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
David Paul Koshinski	Owner	1 Jan 1996	75% - 100%	1765543
Mark Brandon Hovis	Chief compliance officer	1 May 2001	Other	3235752
Steven Thomas Pruiett	Vice president	1 Jan 2003	50% - 75%	1374015
Gary E Owen	Chief compliance officer	1 Apr 2007	Other	5157720

Based in Decatur

The principal office where Koshinski Asset Management Inc. performs its advisory services is located at 226 W. Eldorado, Decatur, IL 62522 The mailing address of the firm is P.O. Box 170, Decatur, IL 62525 0170. An additional office of the firm is in Terre Haute, IN. It doesn’t run an office outside of the United States.