Schenck Investment Solutions LLC (Appleton)

Name: Schenck Investment Solutions LLC
Address: 200 East Washington Street, Appleton, WI, 54911 5490
Telephone: 920-996-1316

Schenck Investment Solutions LLC is a large advisory firm based in Appleton. It manages $875.45 million of regulatory assets for 1,278 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdictions of Michigan, Texas, and Wisconsin.

Schenck Investment Solutions provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and selection of other advisers. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Schenck Investment Solutions: assets under management

The assets under management (AUM) of Schenck Investment Solutions LLC is $875.45 million. The firm's AUM has grown by 1471% since the beginning of its operation, and $4.2 million of the total AUM is attributable to clients outside of the United States.

The firm manages $447.18 million in discretionary accounts and $428.27 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $424.27 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.91 million.

Schenck Investment Solutions has custody of $247.36 million in cash and securities for 303 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 88% of the total AUM. The second-largest asset type is exchange traded securities, which make up 4% of the firm’s portfolio. Investments in cash and cash equivalents form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Schenck Investment Solutions 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 Ronald J Altenburg serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Ronald J Altenburg is individuals with 491 clients and $507.64 million of assets under management. Among the 11 most similar advisory firms, Schenck Investment Solutions has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $873.81 million for 654 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.

Schenck Investment Solutions doesn't advise any private funds.

Careers at Schenck Investment Solutions LLC

The company employs 9 people that are either part- or full-time employees. 89 percent of the employees work as investment advisers or researchers. 8 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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.

Ronald J Altenburg has been acting as President since 1 Oct 2007. Chris Bentley joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Schenck Sc	Owner	1 Jan 1999	75% - 100%	39-1173131
Steven Nicholas Hooyman	Officer	1 Jan 1999	Other	2143662
Kermit Ellefson	Director	1 Jan 1999	Other	4446171
Robert A Debruin	Director	1 Jan 1999	Other	4446177
Michael G Kuechler	Director	1 Jan 1999	Other	4446181
Michael J Hucovski	Director	1 Nov 1999	Other	4446188
Thomas James Vonck	Manager & chief compliance officer	1 Dec 1999	Other	4445986
Thomas Vonck	Manager	1 Dec 1999	Other	4445986
Robert Arnold	Director	1 Oct 2002	Other	4614931
William Goodman	Director	1 Oct 2004	Other	4948102
James R Stahl	Director	1 Oct 2004	Other	4948105
Michael Wood Konecny	Director	1 Oct 2005	Other	5071301
Karin Marie Gale	Director	1 Oct 2005	Other	4449067
Robyn King	Director	1 Oct 2006	Other	5263697
Dennis Langenberg	Director	1 Oct 2006	Other	5263703
Ronald J Altenburg	Director	1 Oct 2007	Other	5458662
Thomas J Giesen	Director	1 Oct 2007	Other	5458665
Timothy Charles Utecht	Chief compliance officer	1 Oct 2008	Other	2166598
James Alan Olson	Director	1 Oct 2009	Other	5727809
Donald Walter Kossow	Director	1 Oct 2010	Other	5871700
Lisa Van Beek	Director	1 Oct 2011	Other	5999085
Greg Barber	Director	1 Oct 2013	Other	6277307
Daniel Kufeld	Director	1 Oct 2015	Other	6586539
Mark Spaeth	Director	1 Oct 2016	Other	6733843
Jaime Anday	Director	1 Oct 2016	Other	6733847
Terri Lillesand	Director	1 Oct 2016	Other	6733849
Mark John Fenlon	President/ceo	1 Oct 2017	Other	1466512
Dan Young	Director	1 Oct 2017	Other	7052404
Ken Zacharias	Director	1 Oct 2017	Other	7052405
Chris Bentley	Chief compliance officer	1 Feb 2018	Other	6928736

Based in Appleton

The principal office where Schenck Investment Solutions LLC performs its advisory services is located at 200 East Washington Street, Appleton, WI 54911 5490, which is also the mailing address of the firm. An additional office of the firm is in Oshkosh, WI. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 920-996-1316 or by fax 920-996-1304. The normal business hours are 8:00a.m.-4:00 p.m. on Monday - Friday. You can find more information about the New York firm at schencksc.com.