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.

The firm manages $858.4 million in discretionary accounts and $81.9 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $645.41 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.32 million.
Whitnell & has custody of $98.06 million in cash and securities for 65 clients in total and its related person acts as a qualified custodian.

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. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. 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


Name Entity Date acquired Ownership Employer ID
Llc Kmk & Associates Shareholder 1 May 1990 25% - 50% 20-0529395
Donald Philip Kelly Investor 1 May 1990 50% - 75% 4341896
Kmk & Associates Investor 1 May 1990 25% - 50% 36-3436336
Patrick John Kelly General partner of kmk & associates 1 May 1990 Other 4341900
Laura Kelly Mcgrath General partner of kmk & associates 1 May 1990 Other 4341902
Thomas Nicholas Kelly General partner of kmk & associates 1 May 1990 Other 4341903
Trustee Patrick John Kelly Family Trust Bruce Edward Huey Limited partner of kmk & associates 1 May 1990 Other 36-6821385
John Patrick Kelly Beneficiary of patrick john kelly family trust 1 May 1990 Other 4341906
Caroline Anne Kelly Beneficiary of patrick john kelly family trust 1 May 1990 Other 4341908
Margaret Alison Kelly Beneficiary of patrick john kelly family trust 1 May 1990 Other 4341909
Trustee Laura Kelly Mcgrath Family Trust Bruce Edward Huey Limited partner of kmk & associates 1 May 1990 Other 36-6821384
Colleen Elizabeth Mcgrath Beneficiary of laura kelly mcgrath family trust 1 May 1990 Other 4341912
Brian Richard Mcgrath Beneficiary of laura kelly mcgrath family trust 1 May 1990 Other 4341913
Patrick Raymond Mcgrath Beneficiary of laura kelly mcgrath family trust 1 May 1990 Other 4341914
Trustee Thomas Nicholas Kelly Family Trust Bruce Edward Huey Limited partner of kmk & associates 1 May 1990 Other 36-6821383
Michal Brunell Executive vice president,treasurer,director 1 May 1990 Other 33623
Donald P. Kelly Trust Shareholder 1 May 1990 50% - 75% xxx-xx-xxxx
Christopher Reid Carolin Vice president,director 1 Sep 1990 Other 731171
Matthew Kelly Mcgrath Beneficiary of laura kelly mcgrath family trust 1 Dec 1990 Other 4341915
Kathleen Elizabeth Kelly Beneficiary of patrick john kelly family trust 1 Apr 1991 Other 4341910
Sean Joseph Kelly Beneficiary of thomas nicholas kelly family trust 1 May 1994 Other 4341916
Donald Phillip Kelly Beneficiary of thomas nicholas kelly family trust 1 Aug 1997 Other 4341918
Stephen Michael Schuster Co-trustee 1 Mar 1999 Other 4341921
Peter Richard Kelly Beneficiary of thomas nicholas kelly family trust 1 Jul 1999 Other 4341919
William Eugene Thonn President, chief executive officer, director 1 Aug 2005 Other 4103447
Mark Joseph Doyle Vice president, chief compliance officer 1 Sep 2005 Other 1339073
David Robert Peckenpaugh Senior vice president and chief investment officer 1 Jan 2006 Other 5122631
David R. Peckenpaugh Senior vice president, treasurer 1 Jan 2006 Other 5122631
Steven Michael Ricchio Senior vice president 1 Mar 2006 Other 1445405
Danny Sean Donley Senior vice president 1 Jul 2006 Other 1041968
Robert Earl Peckenpaugh Senior vice president 1 Oct 2006 Other 1488308
Patrick John Kelly Chairman of the board 1 Oct 2006 Other 4341900
Thomas Nicholas Kelly Director and secretary 1 Oct 2006 Other 4341903
Wayne Maynard Janus President, financial planning 1 Jan 2007 Other 1180927
Brian James Henderson Senior vice president 1 Jun 2007 Other 2499420
Mia Lynne Carlson Erickson Senior vice president 1 Sep 2007 Other 2864638
Mia Lc Erickson Senior vice president 1 Sep 2007 Other 2864638
Mary Kay Ryan Senior vice president 1 Sep 2007 Other 2063136
Stephen J. Krisik Senior vice president 1 Feb 2010 Other 4992659
Jean Marie Van Keppel Senior vice president 1 Aug 2010 Other 3206335
Residuary Trust Under The Donald P. Kelly Revocable Trust Dated 8 22 1994 As Amended Trustee account 1 Mar 2011 50% - 75% 36-7537063
Deborah Ann Grudzien Chief compliance officer 1 Mar 2011 Other 5472962
Christine Jo Sibrava Senior vice president and director of family office services 1 Apr 2011 Other 5923825
Laura Kelly Smith Director and treasurer 1 May 2011 Other 4341902
Robert Marvin Legan Senior vice president 1 Aug 2012 Other 5552941
William Michael Bohn Chairman - board of directors 1 Oct 2017 Other 2133748
Christopher Jorge Del Moral Niles Director - board of directors 1 Oct 2017 Other 2144857
Patrick James Hickey Director - board of directors 1 Oct 2017 Other 4041434
Michael David Kuipers Director - board of directors 1 Oct 2017 Other 2436388
John Parker Thayer Director - board of directors 1 Oct 2017 Other 1603202
Jason Richard Wilke Director - board of directors 1 Oct 2017 Other 5846155
N.A. Associated Trust Company Sole shareholder 1 Oct 2017 75% - 100% 39-1564826
Robert Timothy Watson Treasurer 1 Oct 2017 Other 6083730
Anthony Philip Pecora Chief compliance officer 1 Oct 2017 Other 2975013
Tracy Jo Lemsky Director - board of directors 1 Oct 2017 Other 6874954
Patrick James Hickey President, chief executive officer, director 1 Jan 2019 Other 4041434
Brian Thomas Klaus Treasurer 1 Feb 2019 Other 7071381

Indirect Owners

The SEC currently registers 10 indirect owners.

Name Entity Date acquired Ownership Employer ID
Associated Banc Corp Sole shareholder 1 Jan 1995 75% - 100% 39-1098068
Kelly Provenance Llc Manager 1 May 2004 Other 20-0529501
Thomas Nicholas Kelly Elected manager 1 May 2004 Other 4341903
Patrick John Kelly Elected manager 1 May 2004 Other 4341900
Laura Kelly Smith Elected manager 1 May 2004 Other 4341902
Laura Kelly Mcgrath Co-manager 1 May 2004 Other 4341902
Byrd Mary Kelly Co-trustee 1 Mar 2011 Other 5904722
Stephen Michael Schuster Co-trustee 1 Mar 2011 Other 4341921
Byrd M. Kelly Co-trustee 1 Mar 2011 Other 5904722
N.A. Associated Bank Sole shareholder 1 May 2016 75% - 100% 39-1941673

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.