Whitnell & Co (Oak Brook)
Whitnell & Co is a large advisory firm based in Oak Brook. It manages $940.3 million of regulatory assets for 1,392 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Colorado, Florida, and 13 other states.
Whitnell & provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.
Whitnell &: assets under management
The assets under management (AUM) of Whitnell & Co is $940.3 million. The firm's AUM has grown by 662% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
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 29% of the firm’s portfolio. Investments in pooled investment vehicles form 7% of the total invested assets.Fees & Commissions
The advisory firm has several streams of revenue. Clients pay Whitnell & Co for their services and products based on a percentage of assets under management, hourly charges, 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 Whitnell & serves?
The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Whitnell & is high net worth individuals with 103 clients and $680.53 million of assets under management. Among the 7 most similar advisory firms, Whitnell & has the 3rd highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $935.91 million for 329 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.
Whitnell & doesn't advise any private funds.
Careers at Whitnell & Co
The company employs 25 people that are either part- or full-time employees. 64 percent of the employees work as investment advisers or researchers. 12 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.
Direct owners and executive officers
Indirect Owners
The SEC currently registers 10 indirect owners.Based in Oak Brook
The principal office where Whitnell & Co performs its advisory services is located at 701 Harger Road, Oak Brook, IL 60523 1489, 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 630-575-2300 or by fax 630-571-1795. The normal business hours are 8:00 am-5:00 pm on Monday - Friday. You can find more information about the New York firm at whitnell.com.
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