Oberweis Asset Management Inc (Lisle)

Name: Oberweis Asset Management Inc
Address: 3333 Warrenville Road, Lisle, IL, 60532
Telephone: 630-577-2300

Oberweis Asset Management Inc is a large advisory firm based in Lisle. It manages $2.81 billion of regulatory assets for 125 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Florida, Illinois, and Texas.

Oberweis Asset Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, 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.

Oberweis Asset Management: assets under management

The assets under management (AUM) of Oberweis Asset Management Inc is $2.81 billion. The firm's AUM has grown by 1414% since the beginning of its operation, and $239.24 million of the total AUM is attributable to clients outside of the United States.

The firm manages $2.8 billion in discretionary accounts and $1.64 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $22.99 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $545.94 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 97% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 2% of the firm’s portfolio. Investments in investment and business development companies form 1% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Oberweis Asset Management 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 Elaine Marie Oberweis serves?

The firm provides services to individuals, investment companies, charitable organizations, high net worth individuals, corporations or other businesses, and state or municipal government entities. The largest group of clients of Elaine Marie Oberweis is investment companies with 8 clients and $1.48 billion of assets under management. Among the 13 most similar advisory firms, Oberweis Asset Management has the 2nd highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $2.5 billion for 113 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 8% of the firm’s clients are foreign persons or businesses.

Oberweis Asset Management doesn't advise any private funds.

Careers at Oberweis Asset Management Inc

The company employs 35 people that are either part- or full-time employees. 54 percent of the employees work as investment advisers or researchers. 6 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.

Elaine Marie Oberweis has been acting as President since 1 Sep 1989. James Walter Oberweis joined the executive team most recently as the Chairman, President, Shareholder And Director.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Elaine Marie Oberweis	Director	1 Sep 1989	Other	860997
James Donald Oberweis	Shareholder	1 Sep 1994	25% - 50%	350272
Patrick Brian Joyce	Chief compliance officer, director, cfo, exec. v.p., and secretary	1 Sep 1994	Other	1283940
James Walter Oberweis	Chairman, president, shareholder and director	1 Nov 1994	25% - 50%	2363059
Jennifer Lynn Roberts	Shareholder	1 Nov 1994	Other	1401512
Tricia Elaine Oberweis	Shareholder	1 Nov 1994	Other	1728944
Joseph Steven Oberweis	Shareholder	1 Nov 1994	Other	2813683
Julie Kay Oberweis	Shareholder	1 Nov 1994	Other	2813686

Based in Lisle

The principal office where Oberweis Asset Management Inc performs its advisory services is located at 3333 Warrenville Road, Lisle, IL 60532, which is also the mailing address of the firm. An additional office of the firm is in New York City, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 630-577-2300 or by fax 630-245-0410. The normal business hours are 8:00 am-4:30 pm cst. on Monday - Friday. You can find more information about the New York firm at oberweis.net and its LinkedIn profile.