Wallman Investment Counsel LLC (Middleton)

Wallman Investment Counsel LLC is a large advisory firm based in Middleton. It manages $253.88 million of regulatory assets for 72 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of Nebraska and Wisconsin.

Wallman Investment Counsel provides portfolio management for individuals and small businesses and portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Wallman Investment Counsel: assets under management

The assets under management (AUM) of Wallman Investment Counsel LLC is $253.88 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 524% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $253.88 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $3.53 million each.

Wallman Investment Counsel has custody of $75.32 million in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 87% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 11% of the firm’s portfolio. Investments in state and local bonds form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Wallman Investment Counsel LLC for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Wallman Investment Counsel serves?

The firm provides services to individuals and pooled investment vehicles. The largest group of clients of Wallman Investment Counsel is individuals with 58 clients and $178.56 million of assets under management. Among the 8 most similar advisory firms, Wallman Investment Counsel has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $253.88 million for 59 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.

Wallman Investment Counsel also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.

Careers at Wallman Investment Counsel LLC

The company employs 2 people that are either part- or full-time employees. 50 percent of the 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Charles Stephen Wallman	Managing member/chief compliance officer	1 Jan 1985	75% - 100%	728795

Based in Middleton

The principal office where Wallman Investment Counsel LLC performs its advisory services is located at 8803 Airport Road, Middleton, WI 53562 4108, 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 608-798-0499 or by fax 815-377-2623. The normal business hours are 8:00 am to 3:00 pm on Monday - Friday.