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.
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 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. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
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.
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.
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.