Geowealth Management LLC (Chicago)

Name: Geowealth Management LLC
Address: 444 N. Michigan Avenue, Chicago, IL, 60611
Telephone: (312) 219-9160

Geowealth Management LLC is a large advisory firm based in Chicago. It manages $995.2 million of regulatory assets for 999 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of Alabama, Arizona, California, and 23 other states.

Geowealth Management provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and sub-adviser to other investment advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Geowealth Management: assets under management

The assets under management (AUM) of Geowealth Management LLC is $995.2 million. The firm's AUM has grown by 895% since the beginning of its operation, and $52.01 million of the total AUM is attributable to clients outside of the United States.

The firm manages $599.03 million in discretionary accounts and $396.18 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $602.04 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $99.04 million.

Investments

The firm invests in investment and business development companies the most. They account for 57% of the total AUM. The second-largest asset type is exchange traded securities, which make up 31% of the firm’s portfolio. Investments in cash and cash equivalents form 9% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Geowealth Management LLC 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 Gerald E. O'shaughnessy serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of Gerald E. O'shaughnessy is corporations or other businesses with 33 clients and $500.39 million of assets under management. Among the 8 most similar advisory firms, Geowealth Management has the highest percentage of corporations or other businesses out of all clients.

The amount of regulatory assets under management is $987.48 million for 996 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Geowealth Management doesn't advise any private funds.

Careers at Geowealth Management LLC

The company employs 23 people that are either part- or full-time employees. 39 percent of the employees work as investment advisers or researchers. No 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 doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Gerald E. O'shaughnessy has been acting as President since 1 Dec 2004. Ivo Vassilev Ivanov has served as the Chief Investment Officer since 1 Oct 2010. John M Hannah joined the executive team most recently as the Executive Vice President, Chief Operating Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Geowealth Holdings Llc	Managing member	1 Dec 2004	75% - 100%	20-2078934
Colin Ruthven	Chief technology officer	1 Dec 2004	Other	5659163
Gerald E. O'shaughnessy	Chairman	1 Dec 2004	Other	5659174
Dimitar Hristov	Portfolio manager	1 Dec 2004	Other	5681882
Michael O'shaughnessy	President	1 Dec 2004	Other	5860725
Richard Earl Gilbert	Member	1 Dec 2004	Other	2088832
Ivo Vassilev Ivanov	Chief investment officer	1 Oct 2010	Other	4470164
Troy David Kerr	Chief compliance officer	1 Oct 2010	Other	4880439
Colin James Falls	Managing director	1 Aug 2013	Other	5742290
John M Hannah	Chief compliance officer	1 Mar 2014	Other	5898620
Llc Geowealth	Managing member	1 Mar 2018	75% - 100%	83-0716659
John M Hannah	Executive vice president, chief operating officer	1 Jul 2019	Other	5898620
Evan Cory Lieberman	Vice president, chief compliance officer	1 Jul 2019	Other	5386013

Indirect Owners

The SEC currently registers 8 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Montreaux	Shareholder	1 Jul 2000	75% - 100%	88-0507537
Inc. Phoenix Capital Group	Shareholder	1 Jul 2000	75% - 100%	48-1025270
Fbo Gerald E. O'shaughnessy I.A. O'shaughnessy Trust	Shareholder	1 Jul 2000	25% - 50%	41-6010671
Fbo Gerald E. O'shaughnessy L.G. O'shaughnessy Trust	Shareholder	1 Jul 2000	25% - 50%	41-6010687
Inc. Montreux	Shareholder	1 Jul 2000	75% - 100%	88-0507537
The Globe Resources Group Inc.	Member	1 Dec 2004	75% - 100%	73-0226723
The Globe Resources Group Inc	Shareholder	1 Dec 2004	75% - 100%	73-0226723
Llc Geowealth Enterprises	Member	1 Mar 2018	75% - 100%	83-0716798

Based in Chicago

The principal office where Geowealth Management LLC performs its advisory services is located at 444 N. Michigan Avenue, Chicago, IL 60611, 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 (312) 219-9160. The normal business hours are 8:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at geowealth.com/ and its LinkedIn profile.