Mesirow Financial Investment Management, Inc

CRD#111135
Investment Advisor Firm

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Learn more about Mesirow Financial Investment Management, Inc

  • Overview
  • By the Numbers
  • Products and Services
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations
  • Firm Advisors

    • Overview

    Mesirow Financial Investment Management, Inc is located at 353 N. Clark St, Chicago, IL. The firm employs 103 financial advisors to manage client portfolios and provide financial guidance. Mesirow Financial Investment Management, Inc is not a registered broker-dealer.

    Mesirow Financial Investment Management, Inc oversees $45.7 billion in assets under management across 13,623 accounts, of which 12,265 are discretionary and 1,358 are non-discretionary. Over the past year, the firm has provided financial planning services to 2,500 clients. The services offered include financial planning services, portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for institutional clients, pension consulting services, and selection of other advisers. The firm caters to a diverse range of investors, including retail investors, banking institutions, investment companies, pooled investment vehicles, pension plans, charitable organizations, state or municipal government entities, insurance companies, sovereign wealth funds, and corporations. Retail investors are the largest client type by accounts. The fee structure at Mesirow Financial Investment Management, Inc includes asset-based and performance-based fees. The firm maintains affiliations with a broker-dealer or securities dealer, pension consultant, real estate broker or dealer, and commodity pool advisor.

    Mesirow Financial Investment Management, Inc is registered in the states of Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, and Wyoming.

    Assets Under Management

    $45.7 billion

    Number of Advisors

    103

    Disclosures

    No

    Office Location

    353 N. Clark St
    Chicago, IL 60654

    Mesirow Financial Investment Management, Inc by the Numbers

    Total Assets Under Management

    $45.7 billion

    National Average: $8.6 billion
    Total Number of Employees

    197

    National Average: 64
    Total Number of Accounts

    13,623

    National Average: 375,227
    Average Account Size

    $3.4 million

    National Average: $23.0 thousand
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    Products and Services

    Mesirow Financial Investment Management, Inc provides multiple services, which can consist of financial planning services, portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for institutional clients, pension consulting services, and selection of other advisers. In the past fiscal year, Mesirow Financial Investment Management, Inc provided financial planning services to 2500 of its clients. The Company is not involved in selling products or offering services aside from investment advisory services to its investment advisory customers.

    Core Advisor Services

    • Offered by 31% of firms

      Financial Planning Services

      This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

    • Offered by 46% of firms

      Portfolio Management

      This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

    • Find a firm that offers this service

      Market Timing Services

      This is the practice of attempting to make short-term profits on investments by buying low and selling high.

    Other Services

    • Offered by 20% of firms

      Selection of Other Advisors

      This is the firm's assistance with choosing other advisors to work with who may have different specialties.

    • Find a firm that offers this service

      Publication of Periodicals

      This is the publication of various financial education materials.

    • Find a firm that offers this service

      Educational Seminars/Workshops

      This is the hosting of seminars or workshops to educate investors on financial concepts.

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    Fee Structure

    Fees for financial management largely depend on which service is provided. Fees charged by Mesirow Financial Investment Management, Inc likely include some combination of the following fee structures: asset-based or performance-based.

    Available

    • Offered by 69% of firms

      Percentage of Assets

      Show Explanation

      This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

    • Offered by 26% of firms

      Performance-based

      Show Explanation

      Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

    Unavailable

    • Find one of the 21% of firms that offer this fee type

      Hourly

      Show Explanation

      Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

    • Find one of the 1% of firms that offer this fee type

      Commissions

      Show Explanation

      Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

    • Find one of the 0% of firms that offer this fee type

      Subscription

      Show Explanation

      Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

    • Find one of the 32% of firms that offer this fee type

      Fixed

      Show Explanation

      Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

    • Find one of the 10% of firms that offer this fee type

      Other

      Show Explanation

      Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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    Types of Clients

    The company does business with a number of different clients. The firm works with retail investors, banking institutions, investment companies, pooled investment vehicles, pension plans, charitable organizations, state or municipal government entities, insurance companies, sovereign wealth funds, corporations, and other. Out of its 11 clients, Mesirow Financial Investment Management, Inc's biggest client group by number of accounts is corporations.

    • High-Net-Worth Individuals* - 0%
    • Other Individuals - 98.8%
    • Corporations - 1.08%
    • Charitable Organizations - 0.12%

    * The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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    Disclosures

    Mesirow Financial Investment Management, Inc does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Mesirow Financial Investment Management, Inc

    Jennifer Gartenberg
    Chicago, IL
    Alejandro Gonzalez
    Chicago, IL
    Miles Matheson
    Littleton, CO
    Joseph Andre
    Highland Park, IL
    Lauren Greenebaum
    Chicago, IL
    Michael Breen
    Chicago, IL
    Kevin Quinn
    Chicago, IL
    John Nelson
    Timnath, CO
    Nicholas Moriarty
    Edina, MN

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    The content in this profile was updated by SmartAsset on 6/19/2024. All advisor details come from publicly available data, and we cannot guarantee the accuracy of the content. We are unable to make individual profile updates. If you want your profile removed temporarily or permanently, please contact profile-compliance@smartasset.com.

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