Pekin Hardy Strauss, Inc. is a large advisory firm based in Chicago. It manages $841.89 million of regulatory assets for 1,687 client accounts. It has been registered with the SEC as an adviser since 2019 and has operated in the jurisdictions of Arizona, California, Colorado, and 20 other states.
Pekin Hardy Strauss provides financial planning services, 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 prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Pekin Hardy Strauss, Inc. is $841.89 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 0% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Pekin Hardy Strauss, Inc. for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. 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, pooled investment vehicles, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Pekin Hardy Strauss is high net worth individuals with 314 clients and $572.96 million of assets under management. Among the 11 most similar advisory firms, Pekin Hardy Strauss has the 4th highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $841.89 million for 765 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.
Pekin Hardy Strauss also advises several private funds. Namely, one hedge fund, one real estate fund, and one private equity fund. The minimum investment commitment required of non-related persons ranges from $0 to $250,000.
The company employs 16 people that are either part- or full-time employees. 56 percent of the employees work as investment advisers or researchers. 9 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.
The principal office where Pekin Hardy Strauss, Inc. performs its advisory services is located at 161 N. Clark Street, Chicago, IL 60601 3340, 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 312-554-7525 or by fax 312-554-7502. The normal business hours are 8:30am- 5pm on Monday - Friday. You can find more information about the New York firm at appleseedfund.com and its LinkedIn profile.