Kovitz Investment Group Partners, LLC

CRD#282241
Investment Advisor Firm

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Learn more about Kovitz Investment Group Partners, LLC

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

    • Overview

    Kovitz Investment Group Partners, LLC is an advisory firm based in Chicago, Illinois. Kovitz Investment Group Partners, LLC manages $7.3 billion in total assets throughout 6,927 accounts, making it one of the biggest firms in the United States by assets under management (AUM). Kovitz Investment Group Partners, LLC has an average-sized group, including 44 financial advisors. Kovitz Investment Group Partners, LLC does not act as a registered broker-dealer, meaning the advisor cannot buy and sell securities for its own accounts as well as its clients' and instead is required to go through a broker-dealer firm to do so. Securities are exchangable fiscal investments like bonds, equities and options.

    Kovitz Investment Group Partners, LLC administers all of its accounts on a discretionary basis. Discretionary management means that an investment advisor makes transaction judgments for the client's account without requiring the customer's permission. The firm supervises about $1.1 million for every customer account. An average advisor at Kovitz Investment Group Partners, LLC oversees about 157 client accounts.

    Kovitz Investment Group Partners, LLC's main office is at 71 S Wacker Drive, Chicago, Illinois 60606. The firm is legally allowed to serve clients across 37 U.S. states and territories.

    Assets Under Management

    $7.3 billion

    Number of Advisors

    44

    Disclosures

    No

    Office Location

    71 S Wacker Drive
    Chicago, IL 60606

    Kovitz Investment Group Partners, LLC by the Numbers

    Total Assets Under Management

    $7.3 billion

    National Average: $8.6 billion
    Total Number of Employees

    92

    National Average: 64
    Total Number of Accounts

    6,927

    National Average: 375,227
    Average Account Size

    $1.1 million

    National Average: $23.0 thousand
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    Products and Services

    Kovitz Investment Group Partners, LLC offers multiple financial 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, selection of other advisers, publication of newsletters and other services. In the past financial year, Kovitz Investment Group Partners, LLC provided financial planning services to 1000 of its customers. The firm is involved in selling products or offering services different than investment advisory services to its clients. It is affiliated with a number of other service providers in the financial services industry, including with a broker-dealer or securities dealer, insurance company or agency, pension consultant and commodity pool advisor.

    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.

    • Offered by 3% of firms

      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 are based on which services are provided. Fees charged by Kovitz Investment Group Partners, LLC can consist of the following fee structures: asset-based, fixed, performance-based or other. Wrap fee programs, or the practice of bundling services for a single fee, are offered by Kovitz Investment Group Partners, LLC.

    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.

    • Offered by 0% of firms

      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.

    • Offered by 32% of firms

      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.

    • Offered by 10% of firms

      Other

      Show Explanation

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

    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.

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    Types of Clients

    Kovitz Investment Group Partners, LLC does business with a broad range of investors. Kovitz Investment Group Partners, LLC caters to retail investors, high net worth investors, investment companies, pooled investment vehicles, pension plans, charitable organizations, other investment advisers, corporations and other. Out of its 6,927 accounts, Kovitz Investment Group Partners, LLC's biggest client group is high net worth investors, but it also manages money for 1,906 high-net-worth individuals. A high-net-worth individual is defined by the SEC as a person who has at least $750,000 under management or a net worth of more than $1.50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments). Just 2% of the firm's clients are non-U.S. persons.

    • High-Net-Worth Individuals* - 57.72%
    • Other Individuals - 34.86%
    • Corporations - 6.15%
    • Charitable Organizations - 1.27%

    * 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

    Kovitz Investment Group Partners, LLC does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Kovitz Investment Group Partners, LLC

    Mitchell Hamer
    Chicago, IL
    Joel Hunter
    Chicago, IL
    Zachary Tart
    Aliso Viejo, CA
    Jesse Stumpf
    Chicago, IL
    Kendall Navin
    Chicago, IL
    Michael Marciszewski
    Chicago, IL
    William Lee
    Chicago, IL
    Geoffrey Brown
    Chicago, IL
    Robert Burnstine
    Chicago, IL

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    The content in this profile was updated by SmartAsset on 4/16/2023. 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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