Schlindwein Associates LLC (Chicago)

Name: Schlindwein Associates LLC
Address: 20 North Wacker Dr, Chicago, IL, 60606
Telephone: 312-332-1520

Schlindwein Associates LLC is a large advisory firm based in Chicago. It manages $170.75 million of regulatory assets for 457 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Illinois and Texas.

Schlindwein Associates provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and investment advice through consultations not specifically mentioned above.. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Schlindwein Associates: assets under management

The assets under management (AUM) of Schlindwein Associates LLC is $170.75 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 105% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $170.75 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $373.64 thousand each.

Schlindwein Associates has custody of $14.15 million in cash and securities for 30 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 54% of the total AUM. The second-largest asset type is exchange traded securities, which make up 32% of the firm’s portfolio. Investments in cash and cash equivalents form 13% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Schlindwein Associates LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Schlindwein Associates serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Schlindwein Associates is high net worth individuals with 45 clients and $124.1 million of assets under management. Among the 8 most similar advisory firms, Schlindwein Associates has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $170.75 million for 151 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.

Schlindwein Associates doesn't advise any private funds.

Careers at Schlindwein Associates LLC

The company employs 4 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 2 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
Timothy Allen Schlindwein	Managing principal; chief compliance officer	1 Jun 1995	75% - 100%	1865926

Based in Chicago

The principal office where Schlindwein Associates LLC performs its advisory services is located at 20 North Wacker Dr, Chicago, IL 60606, which is also the mailing address of the firm. An additional office of the firm is in Dallas, TX. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 312-332-1520 or by fax 312-332-8817. The normal business hours are 9:00 a.m.-5:00 p.m. on Monday - Friday. You can find more information about the New York firm at sallc.com/.