Skinner, Copper & Ehmen Wealth Management, LLC (Springfield)

Name: Skinner, Copper & Ehmen Wealth Management, LLC
Address: 3000 Professional Dr., Springfield, IL, 62703
Telephone: 217-753-4020

Skinner, Copper & Ehmen Wealth Management, LLC is a large advisory firm based in Springfield. It manages $282.98 million of regulatory assets for 1,256 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of Florida, Illinois, and Texas.

Skinner, Copper & Ehmen Wealth Management provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and selection of other advisers. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Skinner, Copper & Ehmen Wealth Management: assets under management

The assets under management (AUM) of Skinner, Copper & Ehmen Wealth Management, LLC is $282.98 million. The firm's AUM has gone down by -5% since the beginning of its operation, and $3 million of the total AUM is attributable to clients outside of the United States.

The firm manages $28.24 million in discretionary accounts and $254.74 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $156.01 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $236.97 thousand.

Skinner, Copper & Ehmen Wealth Management has custody of $52.46 million in cash and securities for 104 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 78% of the total AUM. The second-largest asset type is exchange traded securities, which make up 10% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Skinner, Copper & Ehmen Wealth Management, 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 Skinner, Copper & Ehmen Wealth Management serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Skinner, Copper & Ehmen Wealth Management is individuals with 200 clients and $159.98 million of assets under management. Among the 6 most similar advisory firms, Skinner, Copper & Ehmen Wealth Management has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $282.98 million for 293 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.

Skinner, Copper & Ehmen Wealth Management doesn't advise any private funds.

Careers at Skinner, Copper & Ehmen Wealth Management, LLC

The company employs 5 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 5 employees are registered as investment adviser representatives with the state securities authorities.

There are 3 people 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
James David Copper	Managing member	1 Jan 2012	25% - 50%	1006730
Douglas Lee Skinner	Managing member	1 Jan 2012	25% - 50%	3268397
Ryan Jay Ehmen	Managing member & chief compliance officer	1 Jan 2012	25% - 50%	3212450

Based in Springfield

The principal office where Skinner, Copper & Ehmen Wealth Management, LLC performs its advisory services is located at 3000 Professional Dr., Springfield, IL 62703, 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 217-753-4020 or by fax 217-753-8185. The normal business hours are 9 am to 5pm on Monday - Friday. You can find more information about the New York firm at scewealth.com.