Duff & PheLPs Investment Management Co. (Chicago)

Duff & PheLPs Investment Management Co. is a large advisory firm based in Chicago. It manages $9.02 billion of regulatory assets for 536 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.

Duff & PheLPs Investment Management 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.

Duff & PheLPs Investment Management: assets under management

The assets under management (AUM) of Duff & PheLPs Investment Management Co. is $9.02 billion. The firm's AUM has grown by 12% since the beginning of its operation, and $877.93 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $8.97 billion in discretionary accounts and $49.62 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $55.69 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $132.33 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 42% of the total AUM. The second-largest asset type is government bonds, which make up 27% of the firm’s portfolio. Investments in investment grade corporate bonds form 15% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Duff & PheLPs Investment Management Co. for their services and products based on a percentage of assets under management, fixed 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.

What kind of clients Michael Edward Haylon 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 Michael Edward Haylon is investment companies with 16 clients and $6.44 billion of assets under management. Among the 8 most similar advisory firms, Duff & PheLPs Investment Management has the highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $8.96 billion for 152 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.

Duff & PheLPs Investment Management doesn't advise any private funds.

Careers at Duff & PheLPs Investment Management Co.

The company employs 54 people that are either part- or full-time employees. 43 percent of the employees work as investment advisers or researchers. 11 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Michael Edward Haylon has been acting as President since 1 Jan 2004. Daniel John Petrisko joined the executive team most recently as the Executive Managing Director.

Direct owners and executive officers

Indirect Owners

The SEC currently registers 5 indirect owners.

Based in Chicago

The principal office where Duff & PheLPs Investment Management Co. performs its advisory services is located at 200 South Wacker Drive, Chicago, IL 60606, which is also the mailing address of the firm. An additional office of the firm is in Hartford, CT. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 312-263-2610 or by fax 312- 876-1028. The normal business hours are 9:00am to 5:00pm on Monday - Friday. You can find more information about the New York firm at dpimc.com.

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