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.
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 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.
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.
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.
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.