Mediqus Asset Advisors Inc (Chicago)

Name: Mediqus Asset Advisors Inc
Address: 200 N Lasalle St, Chicago, IL, 60601 1014
Telephone: 312-419-3733

Mediqus Asset Advisors Inc is a large advisory firm based in Chicago. It manages $871.75 million of regulatory assets for 1,886 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Arizona, California, Florida, and 20 other states.

Mediqus Asset Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and educational seminars and workshops. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Mediqus Asset Advisors: assets under management

The assets under management (AUM) of Mediqus Asset Advisors Inc is $871.75 million. The company doesn't manage any assets belonging to foreign clients.

The firm manages $698.88 million in discretionary accounts and $172.87 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $503.51 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $347.14 thousand.

Mediqus Asset Advisors has custody of $246.82 million in cash and securities for 335 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 92% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 5% of the firm’s portfolio. Investments in exchange traded securities form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Mediqus Asset Advisors Inc for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and commissions. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Joel Michael Blau 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 Joel Michael Blau is high net worth individuals with 239 clients and $530.94 million of assets under management. Among the 12 most similar advisory firms, Mediqus Asset Advisors has the 6th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $871.75 million for 671 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.

Mediqus Asset Advisors doesn't advise any private funds.

Careers at Mediqus Asset Advisors Inc

The company employs 10 people that are either part- or full-time employees. 70 percent of the employees work as investment advisers or researchers. 5 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.

Joel Michael Blau has been acting as President since 1 Aug 1995.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Joel Michael Blau	President	1 Aug 1995	50% - 75%	1050448
Ronald James Paprocki	Chief executive officer	1 Aug 1995	50% - 75%	1055714
Ronald James Paprocki	Chief compliance officer	1 Oct 2004	50% - 75%	1055714

Based in Chicago

The principal office where Mediqus Asset Advisors Inc performs its advisory services is located at 200 N Lasalle St, Chicago, IL 60601 1014, 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 312-419-3733 or by fax 312-332-4908. The normal business hours are 8:30am - 4:45pm on Monday - Friday. You can find more information about the New York firm at mediqus.com.