Stein Roe Investment Counsel, Inc. (Chicago)

Stein Roe Investment Counsel, Inc. is a large advisory firm based in Chicago. It manages $8.35 billion of regulatory assets for 3,295 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 48 other states.

Stein Roe Investment Counsel provides financial planning services, portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Stein Roe Investment Counsel: assets under management

The assets under management (AUM) of Stein Roe Investment Counsel, Inc. is $8.35 billion. The firm's AUM has gone down by -8% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $7.57 billion in discretionary accounts and $784.82 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $38.82 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $253.17 thousand.

Stein Roe Investment Counsel has custody of $63.02 million in cash and securities for 34 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Stein Roe Investment Counsel, Inc. for their services and products based on a percentage of assets under management, fixed fees, and performance-based 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.

Careers at Stein Roe Investment Counsel, Inc.

Jeffrey Scott Thomas has been acting as President since 1 Mar 2004. David Lazarus Donabedian has served as the Chief Investment Officer since 1 Jun 2009. Clinton Louis Ward joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Indirect Owners

The SEC currently registers 11 indirect owners.

Based in Chicago

The principal office where Stein Roe Investment Counsel, Inc. performs its advisory services is located at One South Wacker Drive, Chicago, IL 60606, which is also the mailing address of the firm. An additional office of the firm is in Atlanta, GA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 312-368-7700 or by fax 312-368-7750. The normal business hours are 8:30 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at sric.net.

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