Calamos Advisors LLC (Naperville)

Calamos Advisors provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Calamos Advisors: assets under management

The assets under management (AUM) of Calamos Advisors LLC is $20.74 billion. The firm's AUM has gone down by -38% since the beginning of its operation, and $500.13 million of the total AUM is attributable to clients outside of the United States.

The firm manages $20.74 billion in discretionary accounts and $4.59 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $23.98 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $4.59 million.

Calamos Advisors has custody of $53.13 million in cash and securities for 7 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 47% of the total AUM. The second-largest asset type is non-investment grade corporate bonds, which make up 22% of the firm’s portfolio. Investments in investment grade corporate bonds form 16% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Calamos Advisors 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 Calamos Advisors serves?

The firm provides services to individuals, insurance companies, investment companies, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Calamos Advisors is investment companies with 31 clients and $19.04 billion of assets under management. Among the 5 most similar advisory firms, Calamos Advisors has the highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $20.74 billion for 866 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 5% of the firm’s clients are foreign persons or businesses.

Calamos Advisors also advises several private funds. Namely, two other private funds. The minimum investment commitment required of non-related persons is $5,000,000 for each fund.

Careers at Calamos Advisors LLC

The company employs 224 people that are either part- or full-time employees. 41 percent of the employees work as investment advisers or researchers. 34 employees are registered as investment adviser representatives with the state securities authorities.

There are 5 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.

Derek Maurice Olsen joined the executive team most recently as the Svp, Chief Of It & Operations.

Direct owners and executive officers

Indirect Owners

The SEC currently registers 11 indirect owners.

Based in Naperville

The principal office where Calamos Advisors LLC performs its advisory services is located at 2020 Calamos Court, Naperville, IL 60563 2787, which is also the mailing address of the firm. An additional office of the firm is in San Francisco, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 630-245-7200 or by fax 630-245-6835. The normal business hours are 8:30am to 5:00pm on Monday - Friday. You can find more information about the New York firm at calamos.com.

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