P. J. Schmidt Investment Management, Inc (Cedarburg)

Name: P. J. Schmidt Investment Management, Inc
Address: W62 N570 Washington Avenue, Cedarburg, WI, 53012
Telephone: 262-377-0484

P. J. Schmidt Investment Management, Inc is a large advisory firm based in Cedarburg. It manages $509.04 million of regulatory assets for 574 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Florida, Illinois, and 5 other states.

P. J. Schmidt Investment Management provides financial planning services, portfolio management for individuals and small businesses, and pension consulting services. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

P. J. Schmidt Investment Management: assets under management

The assets under management (AUM) of P. J. Schmidt Investment Management, Inc is $509.04 million. The firm's AUM has grown by 68% since the beginning of its operation, and $4.96 million of the total AUM is attributable to clients outside of the United States.

The firm manages $488.02 million in discretionary accounts and $21.02 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $868.36 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.75 million.

P. J. Schmidt Investment Management has custody of $339.72 million in cash and securities for 417 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 71% of the total AUM. The second-largest asset type is investment and business development companies, which make up 20% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay P. J. Schmidt Investment Management, Inc for their services and products based on a percentage of assets under management. 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 Elizabeth Nelson Schmidt serves?

The firm provides services to individuals, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Elizabeth Nelson Schmidt is high net worth individuals with 262 clients and $433.25 million of assets under management. Among the 9 most similar advisory firms, P. J. Schmidt Investment Management has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $505.87 million for 572 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.

P. J. Schmidt Investment Management doesn't advise any private funds.

Careers at P. J. Schmidt Investment Management, Inc

The company employs 14 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 7 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.

Elizabeth Nelson Schmidt has been acting as President since 1 Dec 1981. Schmidt A. Julie joined the executive team most recently as the Treasurer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Elizabeth Nelson Schmidt	Secretary/director/treasurer	1 Dec 1981	50% - 75%	4347962
Phillip James Schmidt	President/director	1 Dec 1981	50% - 75%	414029
Patrick Nelson Sommerfield	Cco/vice president/director	1 Dec 2002	Other	4576687
Kelly Sue Mesarich	Secretary	1 Sep 2016	Other	4783952
Schmidt A. Julie	Treasurer	1 Nov 2017	Other	6929973

Based in Cedarburg

The principal office where P. J. Schmidt Investment Management, Inc performs its advisory services is located at W62 N570 Washington Avenue, Cedarburg, WI 53012 The mailing address of the firm is Po Box 148, Cedarburg, WI 53012. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 262-377-0484 or by fax 262-375-9250. The normal business hours are 8:00 am to 4:30 pm on Monday - Friday. You can find more information about the New York firm at pjsinvestment.com.