Burnham, Sullivan & Associates (Grand Rapids)


Burnham, Sullivan & Associates is a large advisory firm based in Grand Rapids. It manages $521.22 million of regulatory assets for 375 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Illinois, Indiana, and Michigan.

Burnham, Sullivan & Associates 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.

Burnham, Sullivan & Associates: assets under management

The assets under management (AUM) of Burnham, Sullivan & Associates is $521.22 million. The firm's AUM has gone down by -31% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $518.27 million in discretionary accounts and $2.94 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.42 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $294.07 thousand.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Burnham, Sullivan & Associates 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.

Indirect Owners

The SEC currently registers 1 indirect owner.

Name Entity Date acquired Ownership Employer ID
Inc. The Ziegler Companies Indirect owner 1 Aug 2005 75% - 100% 39-0727640

Based in Grand Rapids

The principal office where Burnham, Sullivan & Associates performs its advisory services is located at 77 Monroe Center, Grand Rapids, MI 49503, which is also the mailing address of the firm. An additional office of the firm is in Chicago, IL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 616-459-1043 or by fax 616-459-6640. The normal business hours are 8:30a.m.- 5:00p.m. on Monday - Friday. You can find more information about the New York firm at www.burnhamsullivan.com.