Lasalle St. Investment Advisors, L.L.C. (Elmhurst)

Lasalle St. Investment Advisors, L.L.C provides financial planning services, portfolio management for individuals and small businesses, and pension consulting services. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Lasalle St. Investment Advisors, L.L.C: assets under management

The assets under management (AUM) of Lasalle St. Investment Advisors, L.L.C. is $1.31 billion. The firm's AUM has grown by 3220% since the beginning of its operation, and $13.06 million of the total AUM is attributable to clients outside of the United States.

The firm manages $186.62 million in discretionary accounts and $1.12 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $168.74 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $323.2 thousand.

Lasalle St. Investment Advisors, L.L.C has custody of $1.24 billion in cash and securities for 4,418 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 43% of the total AUM. The second-largest asset type is exchange traded securities, which make up 20% of the firm’s portfolio. Investments in cash and cash equivalents form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Lasalle St. Investment Advisors, L.L.C. for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and commissions. 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 John William Mcdermott serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of John William Mcdermott is individuals with 4,230 clients and $680.67 million of assets under management. Among the 11 most similar advisory firms, Lasalle St. Investment Advisors, L.L.C has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $1.31 billion for 4,570 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.

Lasalle St. Investment Advisors, L.L.C doesn't advise any private funds.

Careers at Lasalle St. Investment Advisors, L.L.C.

The company employs 111 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 111 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 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.

John William Mcdermott has been acting as President since 1 Feb 1984. James Clayton Baldwin has served as the Chief Investment Officer since 1 Jan 2015. Vincent Edward Incerto joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Based in Elmhurst

The principal office where Lasalle St. Investment Advisors, L.L.C. performs its advisory services is located at 940 N. Industrial Dr., Elmhurst, IL 60126 1131, which is also the mailing address of the firm. An additional office of the firm is in Baltimore, MD. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 630-600-0500 or by fax 630-225-5172. The normal business hours are 8:30 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at lasallest.com.

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