Dearborn Partners L.L.C. (Chicago)

Name: Dearborn Partners L.L.C.
Address: 200 W Madison St, Chicago, IL, 60606
Telephone: 312-795-1000

Dearborn Partners L.L.C. is a large advisory firm based in Chicago. It manages $2.3 billion of regulatory assets for 3,183 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Arizona, Arkansas, and 34 other states.

Dearborn Partners L.L.C provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for businesses and institutional clients, selection of other advisers, and model management provider. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Dearborn Partners L.L.C: assets under management

The assets under management (AUM) of Dearborn Partners L.L.C. is $2.3 billion. The firm's AUM has grown by 259% since the beginning of its operation, and $24.26 million of the total AUM is attributable to clients outside of the United States.

The firm manages $2.3 billion in discretionary accounts and $1.24 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $721.87 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $414.57 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 72% of the total AUM. The second-largest asset type is government bonds, which make up 23% of the firm’s portfolio. Investments in cash and cash equivalents form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Dearborn Partners L.L.C. for their services and products based on a percentage of assets under management 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 David Gerard Beata serves?

The firm provides services to individuals, investment companies, charitable organizations, other investment advisers, high net worth individuals, corporations or other businesses, pension and profit sharing plans, and sovereign wealth funds and foreign official institutions. The largest group of clients of David Gerard Beata is other investment advisers with 10 clients and $726.38 million of assets under management. Among the 6 most similar advisory firms, Dearborn Partners L.L.C has the highest percentage of other investment advisers out of all clients.

The amount of regulatory assets under management is $2.3 billion for 209 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Dearborn Partners L.L.C doesn't advise any private funds.

Careers at Dearborn Partners L.L.C.

The company employs 23 people that are either part- or full-time employees. 43 percent of the employees work as investment advisers or researchers. 2 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 don’t receive compensation from other entities for client referrals.

Dearborn Partners L.L.C. is owned by Philip Dale Swatzell. David Gerard Beata has been acting as President since 1 Jun 2001. Carol Milius Lippman joined the executive team most recently as the Member Class A.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Wayne Copeland Stevens	Managing director & chief investment officer	1 Mar 1997	25% - 50%	2456166
Wayne Copeland Stevens	Member - class a	1 Apr 1997	25% - 50%	2456166
Jerome Edward Hickey	Member - class a	1 Apr 1997	25% - 50%	244996
George Paul Jameson	Member - class a	1 Apr 1997	25% - 50%	830341
Philip Dale Swatzell	Managing director	1 Jun 1998	Other	857413
Kenneth Spiro Farsalas	Director of research/analyst	1 Jun 1998	Other	2459828
Richard Joseph Coppola	Director of institutional services	1 Aug 1999	Other	2593242
Calvin Jon Pedersen	Member - class b	1 Mar 2000	75% - 100%	2456188
Thomas D. Horner	Managing director	1 Mar 2000	Other	4361968
Jeffrey Earl Simmons	Managing director	1 Mar 2000	Other	2558920
Thomas Duane Horner	Member	1 Mar 2000	Other	4361968
Jeffrey Earl Simmons	Managing director	1 Apr 2000	Other	2558920
David Gerard Beata	Director	1 Jun 2001	Other	2986431
Kenneth Spiro Farsalas	Managing director	1 Jan 2002	Other	2459828
Scott Scribner Kemper	Director	1 Apr 2002	Other	4528724
Jeffrey Hay Kahn	Managing director	1 Nov 2002	Other	263123
Gregory Scott Gosney	Managing director	1 Aug 2003	Other	4724774
Brian John Donahue	Director	1 Aug 2003	Other	4724779
Diana Jill Joseph	Managing director	1 Jul 2004	Other	1996648
Philip Dale Swatzell	Owner	1 Oct 2004	Other	857413
Gregory Scott Gosney	Managing director	1 Oct 2004	Other	4724774
Kristie Lee Lewis	Director & chief compliance officer	1 Oct 2004	Other	1597790
Kurt Michael Newsom	General counsel & chief compliance officer	1 Apr 2006	Other	5309165
Bernard Ferdinand Myszkowski	Managing director	1 Jan 2007	Other	4343580
David W Bender	Managing director	1 Jul 2007	Other	4252829
David Wayne Bender	Member	1 Jul 2007	Other	4252829
Michael B Andelman	Member	1 Jan 2010	Other	4599946
Matthew Russell Lockridge	Member	1 Jan 2010	Other	5766746
Llc Third River Capital Management	Member	1 Sep 2010	Other	27-3378173
Kevin Eugene Silverman	Member - class c	1 Sep 2010	25% - 50%	1132363
Luke Dwight Knecht	Member	1 Oct 2010	Other	1998754
Frederick Lazarus White	Chief compliance officer	1 Jul 2011	Other	4520391
Kristie Lee Lewis	Chief compliance officer	1 Apr 2013	Other	1597790
Robert H. Harper Trust 6/9/1995	Member - class c	1 Jul 2014	75% - 100%	47-6426919
Donald Gordon Mckinnon	Chief compliance officer	1 Apr 2015	Other	2759892
Michael B Andelman	Member - class a	1 Jan 2016	Other	4599946
Robert Franklin Carr	Member - class b	1 Apr 2016	Other	2641844
Adam Michael Wyatt	Member - class b	1 Apr 2016	Other	4949855
Jeh Trust	Member - class a	1 Apr 2016	Other	81-8428964
Carol Milius Lippman	Member - class a	1 Jan 2017	25% - 50%	1748031
Richard Robert Seitz	Member - class a	1 Jan 2017	25% - 50%	418329

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Robert Henry Harper	Member	1 Sep 2010	Other	860938
Blake Elliott Harper	Trustee	1 Jul 2014	75% - 100%	2993079
Denise Coakley Hickey	Trustee	1 Apr 2016	75% - 100%	6654938

Based in Chicago

The principal office where Dearborn Partners L.L.C. performs its advisory services is located at 200 W Madison St, Chicago, IL 60606, 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 312-795-1000 or by fax 312-795-1111. The normal business hours are 8:00 a.m. and 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at dearbornpartners.com.