Wayne Hummer Investments L.L.C. (Chicago)

Wayne Hummer Investments L.L.C provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Wayne Hummer Investments L.L.C: assets under management

The assets under management (AUM) of Wayne Hummer Investments L.L.C. is $6.48 billion. The firm's AUM has grown by 36487% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $3.61 billion in discretionary accounts and $2.87 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.63 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $603.8 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 64% of the total AUM. The second-largest asset type is exchange traded securities, which make up 28% of the firm’s portfolio. Investments in cash and cash equivalents form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Wayne Hummer Investments L.L.C. for their services and products based on a percentage of assets under management, hourly charges, 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.

What kind of clients John Stoll Lillard 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 John Stoll Lillard is banking or thrift institutions with 2 clients and $2.75 billion of assets under management. Among the 10 most similar advisory firms, Wayne Hummer Investments L.L.C has the highest percentage of banking or thrift institutions out of all clients.

The amount of regulatory assets under management is $6.48 billion for 4,505 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.

Wayne Hummer Investments L.L.C doesn't advise any private funds.

Careers at Wayne Hummer Investments L.L.C.

The company employs 235 people that are either part- or full-time employees. 62 percent of the employees work as investment advisers or researchers. 146 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.

John Stoll Lillard has been acting as President since 1 Feb 2002. Paul Clayton Carlisle joined the executive team most recently as the Director.

Direct owners and executive officers

Indirect Owners

The SEC currently registers 1 indirect owner.

Based in Chicago

The principal office where Wayne Hummer Investments L.L.C. performs its advisory services is located at 231 South Lasalle Street, Chicago, IL 60604 The mailing address of the firm is Po Box 750, Chicago, IL 60606 0750. An additional office of the firm is in Gurnee, IL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 312-431-1700 or by fax 312-846-9460. The normal business hours are 8:15am-4:45pm on Monday - Friday. You can find more information about the New York firm at fcbadvisors.com.

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