Tilden Loucks & Woodnorth LLC (Chicago)

Tilden Loucks & Woodnorth LLC is a large advisory firm based in Chicago. It manages $108.25 million of regulatory assets for 70 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Florida, Illinois, and Wisconsin.

Tilden Loucks & Woodnorth provides portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Tilden Loucks & Woodnorth: assets under management

The assets under management (AUM) of Tilden Loucks & Woodnorth LLC is $108.25 million. The firm's AUM has gone down by -29% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $9.39 million in discretionary accounts and $98.86 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $9.39 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.43 million.

Tilden Loucks & Woodnorth has custody of $108.25 million in cash and securities for 70 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 70% of the total AUM. The second-largest asset type is investment and business development companies, which make up 10% of the firm’s portfolio. Investments in investment grade corporate bonds form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Tilden Loucks & Woodnorth LLC for their services and products based on a percentage of assets under management 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 John William Mcdermott serves?

The firm provides services to individuals, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of John William Mcdermott is high net worth individuals with 17 clients and $67.8 million of assets under management. Among the 9 most similar advisory firms, Tilden Loucks & Woodnorth has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $108.25 million for 70 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.

Tilden Loucks & Woodnorth doesn't advise any private funds.

Careers at Tilden Loucks & Woodnorth LLC

The company employs 2 people that are either part- or full-time employees. No employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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.

John William Mcdermott has been acting as President since 1 Feb 1994. Vincent Edward Incerto joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Ralph Bruce Loucks	Senior vice president	1 Apr 1988	Other	725030
Ann Flanders Woodnorth	Vice president	1 Apr 1988	Other	1292040
Daniel John Schlesser	C.f.o./treasurer	1 Nov 1990	Other	1788458
Inc. Mcdermott Lasalle	Sole owner	1 Jan 1991	75% - 100%	36-3722258
John William Mcdermott	President	1 Feb 1994	Other	326626
Scott Barlow	Chief compliance officer	1 Aug 1997	Other	2318290
Scott Edward Barlow	Chief compliance officer	1 Aug 1997	Other	1121249
Lp. Mcdermott Holdings 1	Sole owner/manager	1 Apr 1999	75% - 100%	36-4300153
Saju Bahuleyan	Chief compliance officer	1 Oct 2004	Other	2318290
Saju Bahuleyan	Chief compliance officer	1 Nov 2004	Other	2318290
Ann Flanders Woodnorth	Managing director	1 Oct 2007	Other	1292040
Nicholas Michael Petronella	Chief compliance officer	1 Jun 2008	Other	5236597
Karin Giovanna Arroyo	Chief compliance officer	1 Apr 2012	Other	5330000
Anastasiya Oliyar	Chief compliance officer	1 May 2013	Other	5479502
Kirsten Yelena Garwood	Chief compliance officer	1 May 2013	Other	2530900
Vincent Edward Incerto	Chief compliance officer	1 Jan 2018	Other	4335897

Based in Chicago

The principal office where Tilden Loucks & Woodnorth LLC performs its advisory services is located at 150 North Michigan Ave., Chicago, IL 60601, which is also the mailing address of the firm. An additional office of the firm is in Elmhurst, IL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 312-475-1400 or by fax 630-225-5170. The normal business hours are 8:00 am to 3:00 pm on Monday - Friday.