Chesme, LLC is a large advisory firm based in Dewitt. It manages $704.93 million of regulatory assets for 689 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Florida and Michigan.
Chesme provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and pension consulting services. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Chesme, LLC is $704.93 million. The firm's AUM has grown by 35% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Chesme, 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.
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 Chesme is pension and profit sharing plans with 30 clients and $596.14 million of assets under management. Among the 10 most similar advisory firms, Chesme has the 2nd highest percentage of pension and profit sharing plans out of all clients.
The amount of regulatory assets under management is $704.93 million for 285 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.
Chesme doesn't advise any private funds.
The company employs 7 people that are either part- or full-time employees. 57 percent of the employees work as investment advisers or researchers. 4 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.
Stephen Michael Erb has served as the Chief Investment Officer since 1 Jan 2006 and Douglas Joel Vaughn is the Chief Executive Officer of Chesme, LLC family office. Llc Ncinc joined the executive team most recently as the Member.
The principal office where Chesme, LLC performs its advisory services is located at 124 N Bridge St, Dewitt, MI 48820, 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 517-669-1600 or by fax 517-913-6021. The normal business hours are 9:00 am-5:00 pm on Monday - Friday. You can find more information about the New York firm at chesme.com.