Guggenheim Partners Investment Management, LLC (Santa Monica)

Guggenheim Partners Investment Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and consultation/advisement on transactions/structuring portfolios. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Guggenheim Partners Investment Management: assets under management

The assets under management (AUM) of Guggenheim Partners Investment Management, LLC is $189.9 billion. The firm's AUM has grown by 93% since the beginning of its operation, and $28.69 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $189.87 billion in discretionary accounts and $35.53 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $750.47 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $17.76 million.

Guggenheim Partners Investment Management has custody of $5.18 billion in cash and securities for 45 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in government bonds the most. They account for 21% of the total AUM. The second-largest asset type is pooled investment vehicles, which make up 20% of the firm’s portfolio. Investments in other assets form 16% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Guggenheim Partners Investment Management, LLC for their services and products based on a percentage of assets under management and performance-based 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 Jerry William Miller serves?

The firm provides services to insurance companies, investment companies, charitable organizations, pooled investment vehicles, banking or thrift institutions, business development companies, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Jerry William Miller is insurance companies with 65 clients and $128.95 billion of assets under management. Among the 11 most similar advisory firms, Guggenheim Partners Investment Management has the highest percentage of insurance companies out of all clients.

The amount of regulatory assets under management is $189.57 billion for 248 clients. 38% of the firm’s clients are foreign persons or businesses.

Guggenheim Partners Investment Management also advises several private funds. Namely, sixteen hedge funds, eight private equity funds, and forty five securitized asset funds. The minimum investment commitment required of non-related persons ranges from $0 to $150,000,000.

Careers at Guggenheim Partners Investment Management, LLC

The company employs 631 people that are either part- or full-time employees. 37 percent of the employees work as investment advisers or researchers. 10 employees are registered as investment adviser representatives with the state securities authorities.

There are 6 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.

Jerry William Miller has been acting as President since 1 Jul 2017. Byron Scott Minerd has served as the Chief Investment Officer since 1 Jun 2006. Brian Edward Binder joined the executive team most recently as the Senior Managing Director / Senior Executive.

Direct owners and executive officers

Indirect Owners

The SEC currently registers 19 indirect owners.

Based in Santa Monica

The principal office where Guggenheim Partners Investment Management, LLC performs its advisory services is located at 100 Wilshire Blvd, Santa Monica, CA 90401, which is also the mailing address of the firm. An additional office of the firm is in New York, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 310-576-1270 or by fax 310-576-1271. The normal business hours are 5:00 am - 4:00 pm pst on Monday - Friday. You can find more information about the New York firm at guggenheimpartners.com/.

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