Christian Brothers Investment Services, Inc. (Chicago)


Christian Brothers Investment Services, Inc. is a large advisory firm based in Chicago. It manages $6.87 billion of regulatory assets for 15 client accounts. It has been registered with the SEC as an adviser since 2000 and has operated in the jurisdictions of California, Illinois, Nebraska, and New York.

Christian Brothers Investment Services provides 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.

Christian Brothers Investment Services: assets under management

The assets under management (AUM) of Christian Brothers Investment Services, Inc. is $6.87 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 2525% since the beginning of its operation, and $676.1 million of the total AUM is attributable to clients outside of the United States.

The firm manages $6.87 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $457.71 million each.
Christian Brothers Investment Services has custody of $6.31 billion in cash and securities for 2 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 37% of the total AUM. The second-largest asset type is other assets, which make up 23% of the firm’s portfolio. Investments in investment grade corporate bonds form 18% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Christian Brothers Investment Services, Inc. for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Joseph Michael Saurbier serves?

The firm provides services to charitable organizations and pooled investment vehicles. The largest group of clients of Joseph Michael Saurbier is pooled investment vehicles with 2 clients and $6.31 billion of assets under management. Among the 8 most similar advisory firms, Christian Brothers Investment Services has the 4th highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $6.87 billion for 15 clients. 7% of the firm’s clients are foreign persons or businesses.

Christian Brothers Investment Services also advises several private funds. Namely, five other private funds. The minimum investment commitment required of non-related persons is $65,000 for each fund.

Careers at Christian Brothers Investment Services, Inc.

The company employs 40 people that are either part- or full-time employees. 38 percent of the employees work as investment advisers or researchers. No 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.

Joseph Michael Saurbier has been acting as President since 1 Jun 1990. John Wesley Geissinger has served as the Chief Investment Officer since 1 Apr 2014. Diane Karas Miller joined the executive team most recently as the Assistant Secretary.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Brothers Of The Christian Schools Line Province Shareholder 1 Oct 1981 Other 05-0285644
Brothers Of The Christian Schools Of Lafayette Shareholder 1 Oct 1981 Other 72-0694040
Inc. Christian Brothers Of Frederick Shareholder 1 May 1983 Other 52-0815069
Inc. Lasalle Provincialate Shareholder 1 Jun 1983 Other 13-1635301
John P Gilhooly Director 1 Oct 1987 Other 4302792
De Lasalle Institute Shareholder 1 Sep 1988 Other 94-1156332
David Edward Brennan Director 1 Sep 1988 Other 4302800
Michael William Ohern President,ceo & director 1 Jan 1989 Other 1743772
Michael William O'hern President,ceo & director 1 Jan 1989 Other 1743772
Michael William O'hern President &ceo 1 Apr 1989 Other 1743772
Joseph Michael Saurbier Director 1 Jun 1990 Other 4302785
Clarence Fioke Director 1 Jun 1992 Other 4302779
Damian Steger Director 1 Nov 1992 Other 4303305
Thomas Martin Steger Director 1 Nov 1992 Other 4303305
Peter Francis Clifford Director 1 Aug 1994 Other 4302498
Neal Joel Berkowitz Vp & cfo 1 Nov 1994 Other 2103369
Neal J Berkowitz Vp & cfo 1 Nov 1994 Other 2103369
Michael William O'hern Director 1 Jun 1995 Other 1743772
Christian Brothers Of The Midwest District Shareholder 1 Jul 1995 Other 36-4027959
Midwest District Shareholder 1 Jul 1995 Other 36-4027959
Timothy James Froehlich Director 1 Feb 1996 Other 2180536
Robert Evans Director 1 Feb 1996 Other 4303315
Raoul Lord Carroll Director 1 Feb 1996 Other 2314774
Robert Ross Evans Director 1 Feb 1996 Other 4303315
Karen L Maguire Director 1 Nov 1996 Other 4303346
David Laurence Skelding Executive vice president & general counsel 1 Feb 1999 Other 3145617
Francis Gerard Coleman Vice president 1 Jun 1999 Other 1743767
Frank David Haines Chief investment officer 1 Jun 2000 Other 1800176
Donald Edward Platner Vp & head of sales/marketing 1 Jun 2000 Other 1083966
Francis Gerard Coleman Executive vice president 1 Feb 2002 Other 1743767
Donald Edward Platner Vp & head of business development 1 Feb 2002 Other 1083966
Steve Taylor Director 1 Feb 2003 Other 4649834
Gerard Conforti Director 1 Feb 2003 Other 4649866
Luke Roney Director 1 Feb 2003 Other 4653081
Steve James Taylor Director 1 Feb 2003 Other 4649834
Gerard Matthew Conforti Director 1 Feb 2003 Other 4649866
Kathleen Marie Almaney Director 1 Feb 2004 Other 4785313
Kathleen M Almaney Director 1 Feb 2004 Other 4785313
Howard Walter Hawkins Vp business development & marketing 1 Sep 2004 Other 1412062
David Laurence Skelding Chief compliance officer 1 Oct 2004 Other 3145617
Denise Rochelle Cusick Vp & director of participant services 1 Jan 2005 Other 1606515
Clarence Fioke Director 1 Aug 2006 Other 4302779
Peter Gerard Tripp Director 1 Nov 2007 Other 5510655
Peter Tripp Director 1 Nov 2007 Other 5510655
Freres Des Ecoles Chretiennes Shareholder 1 Feb 2008 Other 23-7128112
Kathleen Margaret Flanagan Director 1 Feb 2008 Other 1485172
Francisco Lopez Gil Director 1 Feb 2008 Other 5510644
Institut Des Freres Des Ecoles Chretiennes Shareholder 1 Feb 2008 Other 23-7128112
Kathleen M Flanagan Director 1 Feb 2008 Other 1485172
Joseph Schafer Director 1 Feb 2008 Other 5510652
Joseph Francis Schafer Director 1 Feb 2008 Other 5510652
James Richard Grant Vice president and director of participant services 1 Sep 2008 Other 1408858
Frederick Michael Devlin Vice president of business development & marketing 1 Sep 2008 Other 720275
Carrie Nola Kulig Director 1 Feb 2009 Other 2871845
Magnolia Lafayette Shareholder 1 Jan 2010 Other 36-4658575
Fsc Dena Trust Shareholder 1 Jan 2010 Other 27-0161049
William Robert Rybak Director 1 Feb 2010 Other 1573377
Sergio Jury Masvidal Director 1 Mar 2012 Other 4404560
Jennifer Tichy Director 1 Mar 2012 Other 6047113
Pamela Gleeson Director 1 Feb 2013 Other 6177942
John Wesley Geissinger Chief investment officer 1 Apr 2014 Other 2676593
Kenneth William Payne Director 1 Nov 2015 Other 6629187
Edward Patrick Mooney Director 1 Jun 2016 Other 2272993
Jeffrey Alan Mccroy President & chief executive officer 1 May 2017 Other 1292237
Diane Karas Miller Chief compliance officer 1 May 2017 Other 4393849
Diane Karas Miller Assistant secretary 1 Feb 2018 Other 4393849
Robert Patrick Stelben Assistant secretary and u.s. client officer 1 Feb 2018 Other 2504846
Erin Marie Lavelle Treasurer, secretary, & chief operating officer 1 Feb 2018 Other 4066876
Karen Jill Byrnes Chief marketing officer 1 Feb 2018 Other 2142255
John Wesley Geissinger Assistant secretary 1 Aug 2018 Other 2676593

Based in Chicago

The principal office where Christian Brothers Investment Services, Inc. performs its advisory services is located at 20 North Wacker Drive, Chicago, IL 60606 3002, 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 312-803-6440 or by fax 312-803-6441. The normal business hours are 8:30-5 on Monday - Friday. You can find more information about the New York firm at cbisonline.com.