Acropolis Investment Management, L.L.C. (St. Louis)

Name: Acropolis Investment Management, L.L.C.
Address: 14567 North Outer Forty Road, St. Louis, MO, 63017
Telephone: 888-882-0072

Acropolis Investment Management, L.L.C. is a large advisory firm based in St. Louis. It manages $1.16 billion of regulatory assets for 2,502 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdictions of Alabama, Arizona, California, and 12 other states.

Acropolis Investment Management, L.L.C provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and pension consulting services. It prepares financial plans for approximately 800 clients. On top of advisory services, the firm doesn't engage in other business activities.

Acropolis Investment Management, L.L.C: assets under management

The assets under management (AUM) of Acropolis Investment Management, L.L.C. is $1.16 billion. The firm's AUM has grown by 486% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.14 billion in discretionary accounts and $20.19 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $561.14 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $43.15 thousand.

Acropolis Investment Management, L.L.C has custody of $22.21 million in cash and securities for 93 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 84% of the total AUM. The second-largest asset type is exchange traded securities, which make up 10% 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 Acropolis Investment Management, L.L.C. for their services and products based on a percentage of assets under management and fixed 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 Acropolis Investment Management, L.L.C serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of Acropolis Investment Management, L.L.C is high net worth individuals with 381 clients and $883.15 million of assets under management. Among the 9 most similar advisory firms, Acropolis Investment Management, L.L.C has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.12 billion for 837 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.

Acropolis Investment Management, L.L.C doesn't advise any private funds.

Careers at Acropolis Investment Management, L.L.C.

The company employs 33 people that are either part- or full-time employees. 85 percent of the employees work as investment advisers or researchers. 26 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Christopher Bart Lissner	Managing member & president	1 Aug 2002	25% - 50%	1031143
David Baker Ott	Member & chief investment officer	1 Aug 2002	25% - 50%	2652166
Dannelle Dyan Ward	Member & chief compliance officer	1 Aug 2002	Other	2640017
Michael Timothy Lissner	Member	1 Jan 2003	Other	4626375

Based in St. Louis

The principal office where Acropolis Investment Management, L.L.C. performs its advisory services is located at 14567 North Outer Forty Road, St. Louis, MO 63017, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 888-882-0072 or by fax 888-453-1266. The normal business hours are 8:00 a.m. to 5:00 p.m.cst on Monday - Friday. You can find more information about the New York firm at acropoblog.com.