Dimeo Schneider & Associates LLC (Chicago)

Dimeo Schneider & Associates provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, publication of newsletters, educational seminars and workshops, and investment consulting for individuals and non profit organizations. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Dimeo Schneider & Associates: assets under management

The assets under management (AUM) of Dimeo Schneider & Associates LLC is $13.94 billion. The firm's AUM has grown by 319674% since the beginning of its operation, and $16 million of the total AUM is attributable to clients outside of the United States.

The firm manages $4.74 billion in discretionary accounts and $9.2 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $12.22 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $30.65 million.

Dimeo Schneider & Associates has custody of $4 billion in cash and securities for 1,217 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 37% of the total AUM. The second-largest asset type is state and local bonds, which make up 18% of the firm’s portfolio. Investments in pooled investment vehicles form 14% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Dimeo Schneider & Associates LLC for their services and products based on a percentage of assets under management and fixed 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 Brett Ronald Schneider serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, banking or thrift institutions, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Brett Ronald Schneider is high net worth individuals with 378 clients and $6.89 billion of assets under management. Among the 7 most similar advisory firms, Dimeo Schneider & Associates has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $13.94 billion for 688 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.

Dimeo Schneider & Associates doesn't advise any private funds.

Careers at Dimeo Schneider & Associates LLC

The company employs 92 people that are either part- or full-time employees. 63 percent of the employees work as investment advisers or researchers. 24 employees are registered as investment adviser representatives with the state securities authorities.

There are 4 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.

Brett Ronald Schneider has been acting as President since 1 Jan 2009. Bradley Morgan Daniels joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Indirect Owners

The SEC currently registers 15 indirect owners.

Based in Chicago

The principal office where Dimeo Schneider & Associates LLC performs its advisory services is located at 500 West Madison Street, Chicago, IL 60661 4593, which is also the mailing address of the firm. An additional office of the firm is in Austin, TX. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 312-853-1000 or by fax 312-853-3352. The normal business hours are 8:00 am - 5:00 pm cst on Monday - Friday. You can find more information about the New York firm at dimeoschneider.com.

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