Mesirow Financial Investment Management, Inc. (Chicago)

Mesirow Financial Investment Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for approximately 2,000 clients. On top of advisory services, the firm doesn't engage in other business activities.

Mesirow Financial Investment Management: assets under management

The assets under management (AUM) of Mesirow Financial Investment Management, Inc. is $25.89 billion. The firm's AUM has grown by 2404% since the beginning of its operation, and $991.66 million of the total AUM is attributable to clients outside of the United States.

The firm manages $24.86 billion in discretionary accounts and $1.03 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.33 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $666.29 thousand.

Mesirow Financial Investment Management has custody of $1.28 billion in cash and securities for 6 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in other assets the most. They account for 55% of the total AUM. The second-largest asset type is investment and business development companies, which make up 20% of the firm’s portfolio. Investments in exchange traded securities form 7% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Mesirow Financial Investment Management, Inc. for their services and products based on a percentage of assets under management and performance-based fees. 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 Dennis B Black serves?

The firm provides services to individuals, insurance companies, investment companies, charitable organizations, high net worth individuals, pooled investment vehicles, banking or thrift institutions, corporations or other businesses, pension and profit sharing plans, state or municipal government entities, and sovereign wealth funds and foreign official institutions. The largest group of clients of Dennis B Black is corporations or other businesses with 32 clients and $12.04 billion of assets under management. Among the 11 most similar advisory firms, Mesirow Financial Investment Management has the 2nd highest percentage of corporations or other businesses out of all clients.

The amount of regulatory assets under management is $25.66 billion for 12,188 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.

Mesirow Financial Investment Management also advises several private funds. Namely, eight real estate funds and one other private fund. The minimum investment commitment required of non-related persons ranges from $25,000 to $50,000,000.

Careers at Mesirow Financial Investment Management, Inc.

The company employs 193 people that are either part- or full-time employees. 51 percent of the employees work as investment advisers or researchers. 99 employees are registered as investment adviser representatives with the state securities authorities.

There are 14 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Dennis B Black has been acting as President since 1 Mar 2011. Lee Michael Gordon joined the executive team most recently as the Chairman, Wealth Advisors.

Direct owners and executive officers

Indirect Owners

The SEC currently registers 1 indirect owner.

Based in Chicago

The principal office where Mesirow Financial Investment Management, Inc. performs its advisory services is located at 353 N. Clark St, Chicago, IL 60654, which is also the mailing address of the firm. An additional office of the firm is in San Juan, PR. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 800-621-4421 or by fax 312-595-7208. The normal business hours are 8:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at mesirowfinancial.com.

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