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Dearborn Partners L.L.C. (Chicago)


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.

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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. 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 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.


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