Geowealth Management LLC (Chicago)


Geowealth Management LLC is a large advisory firm based in Chicago. It manages $995.2 million of regulatory assets for 999 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of Alabama, Arizona, California, and 23 other states.

Geowealth Management provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and sub-adviser to other investment advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Geowealth Management: assets under management

The assets under management (AUM) of Geowealth Management LLC is $995.2 million. The firm's AUM has grown by 895% since the beginning of its operation, and $52.01 million of the total AUM is attributable to clients outside of the United States.

The firm manages $599.03 million in discretionary accounts and $396.18 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $602.04 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $99.04 million.

Investments

The firm invests in investment and business development companies the most. They account for 57% of the total AUM. The second-largest asset type is exchange traded securities, which make up 31% of the firm’s portfolio. Investments in cash and cash equivalents form 9% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Geowealth Management LLC for their services and products based on a percentage of assets under management, fixed fees, and performance-based 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 Gerald E. O'shaughnessy serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of Gerald E. O'shaughnessy is corporations or other businesses with 33 clients and $500.39 million of assets under management. Among the 8 most similar advisory firms, Geowealth Management has the highest percentage of corporations or other businesses out of all clients.

The amount of regulatory assets under management is $987.48 million for 996 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Geowealth Management doesn't advise any private funds.

Careers at Geowealth Management LLC

The company employs 23 people that are either part- or full-time employees. 39 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.

Gerald E. O'shaughnessy has been acting as President since 1 Dec 2004. Ivo Vassilev Ivanov has served as the Chief Investment Officer since 1 Oct 2010. John M Hannah joined the executive team most recently as the Executive Vice President, Chief Operating Officer.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Geowealth Holdings Llc Managing member 1 Dec 2004 75% - 100% 20-2078934
Colin Ruthven Chief technology officer 1 Dec 2004 Other 5659163
Gerald E. O'shaughnessy Chairman 1 Dec 2004 Other 5659174
Dimitar Hristov Portfolio manager 1 Dec 2004 Other 5681882
Michael O'shaughnessy President 1 Dec 2004 Other 5860725
Richard Earl Gilbert Member 1 Dec 2004 Other 2088832
Ivo Vassilev Ivanov Chief investment officer 1 Oct 2010 Other 4470164
Troy David Kerr Chief compliance officer 1 Oct 2010 Other 4880439
Colin James Falls Managing director 1 Aug 2013 Other 5742290
John M Hannah Chief compliance officer 1 Mar 2014 Other 5898620
Llc Geowealth Managing member 1 Mar 2018 75% - 100% 83-0716659
John M Hannah Executive vice president, chief operating officer 1 Jul 2019 Other 5898620
Evan Cory Lieberman Vice president, chief compliance officer 1 Jul 2019 Other 5386013

Indirect Owners

The SEC currently registers 8 indirect owners.

Name Entity Date acquired Ownership Employer ID
Inc. Montreaux Shareholder 1 Jul 2000 75% - 100% 88-0507537
Inc. Phoenix Capital Group Shareholder 1 Jul 2000 75% - 100% 48-1025270
Fbo Gerald E. O'shaughnessy I.A. O'shaughnessy Trust Shareholder 1 Jul 2000 25% - 50% 41-6010671
Fbo Gerald E. O'shaughnessy L.G. O'shaughnessy Trust Shareholder 1 Jul 2000 25% - 50% 41-6010687
Inc. Montreux Shareholder 1 Jul 2000 75% - 100% 88-0507537
The Globe Resources Group Inc. Member 1 Dec 2004 75% - 100% 73-0226723
The Globe Resources Group Inc Shareholder 1 Dec 2004 75% - 100% 73-0226723
Llc Geowealth Enterprises Member 1 Mar 2018 75% - 100% 83-0716798

Based in Chicago

The principal office where Geowealth Management LLC performs its advisory services is located at 444 N. Michigan Avenue, Chicago, IL 60611, 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) 219-9160. The normal business hours are 8:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at geowealth.com/ and its LinkedIn profile.