Perkins Investment Management LLC (Chicago)

Name: Perkins Investment Management LLC
Address: 311 S. Wacker Drive, Chicago, IL, 60606
Telephone: 312-922-0355

Perkins Investment Management LLC is a large advisory firm based in Chicago. It manages $7.85 billion of regulatory assets for 28 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 47 other states.

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

Perkins Investment Management: assets under management

The assets under management (AUM) of Perkins Investment Management LLC is $7.85 billion, all of which is managed in discretionary accounts. The firm's AUM has gone down by -57% since the beginning of its operation, and $1.29 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $7.85 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $280.19 million each.

Investments

The firm invests in exchange traded securities the most. They account for 96% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 4% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Perkins Investment 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 Richard Gibson Smith serves?

The firm provides services to insurance companies, investment companies, other investment advisers, pooled investment vehicles, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Richard Gibson Smith is investment companies with 12 clients and $6.18 billion of assets under management. Among the 3 most similar advisory firms, Perkins Investment Management has the highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $7.85 billion for 25 clients. 30% of the firm’s clients are foreign persons or businesses.

Perkins Investment Management also advises several private funds.

Careers at Perkins Investment Management LLC

The company employs 22 people that are either part- or full-time employees. 68 percent of the employees work as investment advisers or researchers. 4 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 receive compensation from other entities for client referrals.

Richard Gibson Smith has been acting as President since 1 Jan 2009. Greg R Kolb has served as the Chief Investment Officer since 1 Mar 2015. Brennan Allen Hughes joined the executive team most recently as the Svp, Chf Accounting Officer & Treasurer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Omni Investment Holdings Llc	Member	1 May 2003	Other	94-3460586
Norman Theodore Hans	Chief operating officer, chief compliance officer, treasurer, director	1 Dec 2008	Other	1799445
Thomas Malo Perkins	Director	1 Dec 2008	Other	1459679
Janus Capital Management Llc	Member	1 Jan 2009	75% - 100%	104652
Richard Gibson Smith	Director	1 Jan 2009	Other	2163325
Robin Beery	Director	1 Jan 2009	Other	2090091
Jeffrey Ronald Kautz	Chief investment officer & director	1 Jan 2009	Other	2704948
Richard Smith	Director	1 Jan 2009	Other	2163325
Peter Quentin Thompson	Chief executive officer & chairman of the board	1 Jan 2009	Other	2541947
Richard Maccoy Weil	Director	1 Feb 2010	Other	2603181
Bruce Lewis Koepfgen	Executive vice president & director	1 Jul 2011	Other	830273
Bruce Koepfgen	Executive vice president & director	1 Jul 2011	Other	830273
Curt Robert Foust	Secretary	1 Nov 2011	Other	4062795
Heidi W. Hardin	Secretary	1 Oct 2012	Other	2619251
Jennifer Joyce Mcpeek	Chief financial officer	1 Aug 2013	Other	5738912
Enrique Chang	Director	1 Dec 2013	Other	2304391
Enrique De Jesus Chang	Director	1 Dec 2013	Other	2304391
Amy Jo Stefonick	Secretary	1 May 2014	Other	6175576
Michael Drew Elder	Director	1 Sep 2014	Other	2328124
Valerie A Newman	Senior client portfolio manager	1 Jan 2015	Other	4250696
Thomas Malo Perkins	Chief executive officer, director	1 Mar 2015	Other	1459679
Greg R Kolb	Chief investment officer	1 Mar 2015	Other	4189681
Greg Raymond Kolb	Chief investment officer	1 Mar 2015	Other	4189681
Brennan Allen Hughes	Svp, chf accounting officer & treasurer	1 Dec 2017	Other	4934194
George Maris	Co-head of equities-americas	1 Dec 2017	Other	5899106

Indirect Owners

The SEC currently registers 5 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Robert Hunter Perkins	Shareholder	1 Sep 1980	25% - 50%	725935
Janus Capital Group Inc.	Member	1 Jan 2003	75% - 100%	84-0765359
Mac Per Wolf	Shareholder	1 Dec 2008	75% - 100%	36-3099763
Janus Henderson Group Plc	Member	1 May 2017	75% - 100%	n/a
Janus Capital Group Inc.	Member	1 May 2017	75% - 100%	84-0765359

Based in Chicago

The principal office where Perkins Investment Management LLC performs its advisory services is located at 311 S. Wacker Drive, Chicago, IL 60606, which is also the mailing address of the firm. An additional office of the firm is in San Francisco, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 312-922-0355 or by fax 312-922-0418. The normal business hours are 8:00 a.m. to 4:30 p.m. on Monday - Friday. You can find more information about the New York firm at perkinsinvestmentmanagement.com.