Kovitz Investment Group Partners, LLC (Chicago)

Name: Kovitz Investment Group Partners, LLC
Address: 115 S. Lasalle Street, Chicago, IL, 60603
Telephone: 312-334-7300

Kovitz Investment Group Partners, LLC is a large advisory firm based in Chicago. It manages $4.19 billion of regulatory assets for 4,610 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of Arizona, California, Colorado, and 26 other states.

Kovitz Investment Group Partners provides financial planning services, 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 publication of newsletters. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Kovitz Investment Group Partners: assets under management

The assets under management (AUM) of Kovitz Investment Group Partners, LLC is $4.19 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 58% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $4.19 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $909.6 thousand each.

Kovitz Investment Group Partners has custody of $137.63 million in cash and securities for 4 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 65% of the total AUM. The second-largest asset type is state and local bonds, which make up 14% of the firm’s portfolio. Investments in investment grade corporate bonds form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Kovitz Investment Group Partners, LLC for their services and products based on a percentage of assets under management, subscription fees, and performance-based fees. Subscribers pay a regular fee for the advisory firm’s newsletter or periodical. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Marc Stuart Brenner serves?

The firm provides services to individuals, investment companies, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Marc Stuart Brenner is high net worth individuals with 782 clients and $2.89 billion of assets under management. Among the 11 most similar advisory firms, Kovitz Investment Group Partners has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $4.03 billion for 2,001 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.

Kovitz Investment Group Partners also advises several private funds. Namely, two hedge funds. The minimum investment commitment required of non-related persons is $500,000 for each fund.

Careers at Kovitz Investment Group Partners, LLC

The company employs 74 people that are either part- or full-time employees. 49 percent of the employees work as investment advisers or researchers. 44 employees are registered as investment adviser representatives with the state securities authorities.

There are 2 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.

Marc Stuart Brenner has been acting as President since 1 Dec 2015. Theodore Jay Rupp joined the executive team most recently as the Co President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Llc Focus Financial Partners	Member/manager	1 Nov 2015	75% - 100%	16-1728260
Steven Eric Hengst	Chief compliance officer	1 Nov 2015	Other	5073817
Mitchell Armin Kovitz	Chairman/ceo	1 Nov 2015	Other	1953345
Jonathan Ari Shapiro	Vice president	1 Nov 2015	Other	2862317
Marc Stuart Brenner	President/coo	1 Nov 2015	Other	4429946
Bruce Arthur Weininger	Vice president	1 Nov 2015	Other	1925209
Theodore Jay Rupp	Vice president - operations, cfo	1 Nov 2015	Other	4218857
Robert Anthony Contreras	Chief legal officer	1 Nov 2015	Other	5544067
Steven Eric Hengst	Chief compliance officer	1 Dec 2015	Other	5073817
Mitchell Armin Kovitz	Chief executive officer	1 Dec 2015	Other	1953345
Jonathan Ari Shapiro	Vice president	1 Dec 2015	Other	2862317
Marc Stuart Brenner	President	1 Dec 2015	Other	4429946
Bruce Arthur Weininger	Vice president	1 Dec 2015	Other	1925209
Theodore Jay Rupp	Chief financial officer	1 Dec 2015	Other	4218857
Robert Anthony Contreras	Chief legal officer	1 Dec 2015	Other	5544067
Llc Focus Operating	Member/manager	1 Jan 2016	75% - 100%	20-8161914
Patrick Benjamin Wiese	Chief operating officer	1 Jan 2017	Other	4398094
Marc Stuart Brenner	Vice chairman	1 Feb 2019	Other	4429946
Theodore Jay Rupp	Co-president	1 Feb 2019	Other	4218857
Robert Anthony Contreras	Co-president, general counsel, secretary	1 Feb 2019	Other	5544067
Joel Davidson Hirsh	Vice president	1 Feb 2019	Other	4850247
Carolyn Elaine Raden	Vice president, chief financial officer	1 Feb 2019	Other	6407657
Mark Christopher Rosland	Vice president	1 Feb 2019	Other	4333669

Indirect Owners

The SEC currently registers 8 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Llc Focus Financial Partners	Member	1 Jan 2007	75% - 100%	16-1728260
L.P. Centerbridge Associates Ii	General partner	1 Jul 2013	Other	27-3060145
L.P. Cp Falcon Aiv	Member	1 Oct 2013	25% - 50%	36-4767158
L.P. Trident Vi Parallel Fund	Member	1 Apr 2017	75% - 100%	98-1132009
Llc Trident Ffp Blocker	Limited partner	1 May 2017	25% - 50%	82-1662776
L.P. Trident Vi	Limited partner	1 May 2017	25% - 50%	98-1131820
L.P. Trident Ffp	Member	1 Jul 2017	25% - 50%	82-1662703
Focus Financial Partners Inc.	Member	1 Jul 2018	75% - 100%	47-4780811

Based in Chicago

The principal office where Kovitz Investment Group Partners, LLC performs its advisory services is located at 115 S. Lasalle Street, Chicago, IL 60603, which is also the mailing address of the firm. An additional office of the firm is in Denver, CO. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 312-334-7300 or by fax 312-334-7308. The normal business hours are 8:30 a.m. to 4:30 p.m. on Monday - Friday. You can find more information about the New York firm at kovitz.com and its LinkedIn profile.