Cbiz Investment Advisory Services, LLC (Cleveland)

Cbiz Investment Advisory Services, LLC is a large advisory firm based in Cleveland. It manages $2.01 billion of regulatory assets for 1,282 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Alabama, Arizona, Arkansas, and 27 other states.

Cbiz Investment Advisory Services provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and educational seminars and workshops. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Cbiz Investment Advisory Services: assets under management

The assets under management (AUM) of Cbiz Investment Advisory Services, LLC is $2.01 billion. The firm's AUM has grown by 1387% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.43 billion in discretionary accounts and $584.5 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.21 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $5.46 million.

Investments

The firm invests in exchange traded securities the most. They account for 46% of the total AUM. The second-largest asset type is investment and business development companies, which make up 42% of the firm’s portfolio. Investments in state and local bonds form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Cbiz Investment Advisory Services, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Brian Edward Dean serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, banking or thrift institutions, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Brian Edward Dean is pension and profit sharing plans with 164 clients and $978.96 million of assets under management. Among the 9 most similar advisory firms, Cbiz Investment Advisory Services has the highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $2.01 billion for 929 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.

Cbiz Investment Advisory Services doesn't advise any private funds.

Careers at Cbiz Investment Advisory Services, LLC

The company employs 55 people that are either part- or full-time employees. 69 percent of the employees work as investment advisers or researchers. 38 employees are registered as investment adviser representatives with the state securities authorities.

There are 2 people 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 don’t receive compensation from other entities for client referrals.

Brian Edward Dean has been acting as President since 1 Sep 2016. Kathryn Hale Louttit joined the executive team most recently as the Executive Representative And Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Brian Edward Dean	President	1 Sep 2016	Other	1735706
Cbiz Operations Inc.	Sole member	1 Sep 2016	75% - 100%	34-1846498
Mathew Joseph Morelli	Chief of staff	1 Sep 2016	Other	6754589
Matthew Joseph Morelli	Chief of staff	1 Sep 2016	Other	6754589
Luke Flagg Baum	Chief compliance officer	1 Sep 2016	Other	2045397
Jerome Paul Grisko	Director	1 Sep 2016	Other	4204415
Kathryn Hale Louttit	Executive representative and chief compliance officer	1 Nov 2017	Other	4365135

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Inc Cbiz	Sole owner	1 Nov 1996	75% - 100%	22-2769024

Based in Cleveland

The principal office where Cbiz Investment Advisory Services, LLC performs its advisory services is located at 6050 Oak Tree Blvd, Cleveland, OH 44131, which is also the mailing address of the firm. An additional office of the firm is in Easton, MD. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 216-447-9000 or by fax 216-447-9007. The normal business hours are 9:30 am - 4:00 pm on Monday - Friday.