Ativo Capital Management, LLC (Chicago)

Name: Ativo Capital Management, LLC
Address: 120 N Lasalle Street Suite 2150, Chicago, IL, 60602 2493
Telephone: 312-263-7600

Ativo Capital Management, LLC is a large advisory firm based in Chicago. It manages $1.55 billion of regulatory assets for 78 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdictions of California, Illinois, Louisiana, and 4 other states.

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

Ativo Capital Management: assets under management

The assets under management (AUM) of Ativo Capital Management, LLC is $1.55 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 4435% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.55 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $19.86 million each.

Ativo Capital Management has custody of $73.45 million in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 96% of the total AUM. The second-largest asset type is non-exchange traded securities, which make up 3% of the firm’s portfolio. Investments in cash and cash equivalents form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Ativo Capital Management, LLC for their services and products based on a percentage of assets under management 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 Ativo Capital Management serves?

The firm provides services to charitable organizations, high net worth individuals, pooled investment vehicles, banking or thrift institutions, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Ativo Capital Management is state or municipal government entities with 35 clients and $1.33 billion of assets under management. Among the 6 most similar advisory firms, Ativo Capital Management has the 2nd highest percentage of state or municipal government entities out of all clients.

The amount of regulatory assets under management is $1.55 billion for 49 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.

Ativo Capital Management also advises several private funds. Namely, two hedge funds. The minimum investment commitment required of non-related persons is $3,000,000 for each fund.

Careers at Ativo Capital Management, LLC

The company employs 15 people that are either part- or full-time employees. 60 percent of the employees work as investment advisers or researchers. 8 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.

Ricardo Bekin has served as the Chief Investment Officer since 1 Aug 2002. Eric T Pucek joined the executive team most recently as the Chief Compliance Officer/Operations Manager.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Ricardo Bekin	Chief executive officer/chief investment officer	1 Aug 2002	Other	4630407
James Edward Stuart	Director of operations	1 Feb 2005	Other	2068192
Michael Stanley Brooks	Member/director of client relations	1 Sep 2005	Other	5218544
Adan Galvan	Member/senior portfolio manager	1 Jan 2010	Other	5277259
Daniel Thomas Allen	Director of business development	1 Apr 2011	Other	5077239
The Pinecliff Trust	Member/trust	1 Dec 2012	25% - 50%	33-4625654
Sidney Gregory Wigfall	Chief compliance officer	1 Sep 2013	Other	4712352
Eric T Pucek	Chief compliance officer/operations manager	1 May 2014	Other	5489187
Dennis Aust	Member/deputy chief investment officer/director of research	1 May 2014	Other	6322162
Huan Kiat Tang	Member/senior securities systems analyst	1 May 2014	Other	6361050
Ram Gopal Gandikota	Member/senior portfolio manager/associate director of research	1 May 2014	Other	6361067
Llc Ativo Holdings	Limited liability company	1 May 2014	50% - 75%	47-1063961

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Ricardo Bekin	Trustee	1 Dec 2012	75% - 100%	4630407
Ricardo Bekin	Sole member	1 May 2014	75% - 100%	4630407

Based in Chicago

The principal office where Ativo Capital Management, LLC performs its advisory services is located at 120 N Lasalle Street Suite 2150, Chicago, IL 60602 2493, 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 312-263-7600 or by fax 312-263-0007. 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 ativocapital.com.