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Duff & PheLPs Investment Management Co. (Chicago)


Duff & PheLPs Investment Management Co. is a large advisory firm based in Chicago. It manages $9.02 billion of regulatory assets for 536 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.

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Duff & PheLPs Investment Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, 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.

Duff & PheLPs Investment Management: assets under management

The assets under management (AUM) of Duff & PheLPs Investment Management Co. is $9.02 billion. The firm's AUM has grown by 12% since the beginning of its operation, and $877.93 thousand of the total AUM is attributable to clients outside of the United States.


The firm manages $8.97 billion in discretionary accounts and $49.62 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $55.69 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $132.33 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 42% of the total AUM. The second-largest asset type is government bonds, which make up 27% of the firm’s portfolio. Investments in investment grade corporate bonds form 15% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Duff & PheLPs Investment Management Co. for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Michael Edward Haylon serves?

The firm provides services to individuals, insurance companies, investment companies, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Michael Edward Haylon is investment companies with 16 clients and $6.44 billion of assets under management. Among the 8 most similar advisory firms, Duff & PheLPs Investment Management has the highest percentage of investment companies out of all clients.


The amount of regulatory assets under management is $8.96 billion for 152 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.

Duff & PheLPs Investment Management doesn't advise any private funds.

Careers at Duff & PheLPs Investment Management Co.

The company employs 54 people that are either part- or full-time employees. 43 percent of the employees work as investment advisers or researchers. 11 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.

Michael Edward Haylon has been acting as President since 1 Jan 2004. Daniel John Petrisko joined the executive team most recently as the Executive Managing Director.

Direct owners and executive officers



Name Entity Date acquired Ownership Employer ID
Timothy Brooks Beittel Senior vice president 1 Jan 1993 Other 2456239
Inc. (Direct Owner Dpim's Outstanding Stock) Virtus Partners Shareholder 1 Nov 1995 75% - 100% 06-1369527
Ltd. (Direct Owner Dpim's Outstanding Stock) Phoenix Investment Partners Shareholder 1 Nov 1995 75% - 100% 06-1369527
Thomas Nelson Steenburg Chairman & ceo 1 Nov 1995 Other 2696149
Inc. (Fka Phoenix Investment Partners Ltd.) (Direct Owner Dpim's Outstanding Stock) Virtus Investment Partners Shareholder 1 Nov 1995 75% - 100% 06-1369527
Inc. (Fka Phoenix Investment Partners Ltd.) (Direct Owner Dpim's Outstanding Stock) Virtus Partners Shareholder 1 Nov 1995 75% - 100% 06-1369527
William Ralph Moyer Senior vice president & cfo 1 Jan 1996 Other 2137127
Diane L. Mustain Executive vice president 1 Mar 1996 Other 4335413
Michael Edward Haylon Executive vice president 1 Aug 1996 Other 1884528
Nathan Ivey Partain Executive vice president 1 Jan 1997 Other 2683470
James David Wehr Senior vice president 1 Jan 1997 Other 4334757
Philip Robert Mcloughlin Vice chairman & director 1 May 1997 Other 329529
Connie Marie Luecke Senior vice president 1 Jan 1998 Other 2642499
Randle Lorenzo Smith Senior vice president 1 Jan 1998 Other 2675190
Nancy Jean Engberg Corporate counsel 1 May 1999 Other 2952960
David Albert Krause Senior vice president 1 Jan 2000 Other 844461
Michael Schatt Senior vice president 1 Jan 2000 Other 1192983
Jeff Finlay Vice president 1 Jan 2000 Other 2660072
Paul A. Lefurgey Senior vice president 1 Jan 2000 Other 4344465
Paul Jerome Carter Compliance officer 1 Apr 2000 Other 1784979
David Albert Krause Senior vice president 1 Jun 2000 Other 844461
Daniel J Petrisko Senior vice president 1 Jun 2000 Other 4888273
David Allen Chalupnik Exec. vp & chief investment officer 1 Nov 2000 Other 1242064
Deborah A. Jansen Senior vice president 1 Mar 2001 Other 4520906
Dennis Anthony Cavanaugh Executive vice president 1 Mar 2001 Other 1299747
Deborah Ann Jansen Senior vice president 1 Mar 2001 Other 5118621
Ophelia L. Barsketis Senior vice president 1 Aug 2001 Other 4520885
Deborah Ann Jansen Senior vice president 1 Aug 2001 Other 5118621
Robert Steven Driessen Compliance officer 1 Apr 2002 Other 2613085
Joyce Barbara Riegel Compliance officer 1 Aug 2002 Other 2197347
John Ray Riddle President and chief investment officer 1 Mar 2003 Other 2733584
Daniel J Petrisko Senior vice president 1 Aug 2003 Other 4888273
Glenn H Pease Vice president, finance and treasurer 1 Dec 2003 Other 4363107
Richard Jay Wirth Vice president, counsel and assistant secretary 1 Dec 2003 Other 2539506
Mark Frederick Jaeger Senior vice president 1 Dec 2003 Other 4730811
Sharon Lee Ward Senior vice president 1 Dec 2003 Other 2663324
Michael Edward Haylon Director 1 Jan 2004 Other 1884528
Daniel Theodore Geraci Director 1 Jan 2004 Other 708541
Joyce Barbara Riegel Senior vice president and chief compliance officer 1 Mar 2004 Other 2197347
Timothy M. Heaney Senior vice president 1 May 2004 Other 4888271
Frank James Haggerty Vice president 1 Jan 2005 Other 2450702
Nathan Ivey Partain President 1 Apr 2005 Other 2683470
John Ray Riddle Executive vice president 1 Apr 2005 Other 2733584
George R. Aylward Director and executive vice president 1 Apr 2005 Other 4932163
Nathan Ivey Partain Director, president and chief investment officer 1 May 2005 Other 2683470
Geoffrey Peter Dybas Senior vice president 1 May 2005 Other 2696909
James Davison Harding Chief operations officer 1 May 2005 Other 5116967
Joyce Barbara Riegel Senior vice president and chief compliance officer 1 Nov 2006 Other 2197347
James Davison Harding Senior vice president and chief operations officer 1 Nov 2006 Other 5116967
Francis George Waltman Director 1 Nov 2006 Other 1778566
Frank James Haggerty Senior vice president 1 Oct 2007 Other 2450702
David G Hanley Vice president and treasurer 1 Nov 2007 Other 5455435
James David Wehr Director 1 Nov 2007 Other 4334757
Nancy Greene Curtiss Director 1 Jan 2008 Other 2696138
John Steven Neamtz Director 1 Jan 2008 Other 1172402
Timothy Brooks Beittel Executive vice president & assistant chief investment officer 1 Mar 2008 Other 2456239
Shalini Sharma Senior vice president 1 Mar 2008 Other 4315710
Alan Michael Meder Senior vice president 1 Mar 2008 Other 2484499
George Robert Aylward Director and chairman 1 Nov 2008 Other 4932163
George R. Aylward Director and chairman 1 Nov 2008 Other 4932163
Michael A Angerthal Executive vice president and treasurer 1 Jun 2009 Other 5632934
Barry E Cope Senior vice president 1 Mar 2010 Other 4583432
Michael Aaron Angerthal Director, executive vice president and treasurer 1 May 2010 Other 5632934
Michael A Angerthal Director, executive vice president and treasurer 1 May 2010 Other 5632934
Barry E Cope Senior vice president 1 May 2010 Other 4583432
Mark Stephen Flynn Executive vice president and general counsel 1 Jul 2011 Other 5941225
Mark S Flynn Executive vice president and general counsel 1 Jul 2011 Other 5941225
Kevin John Callahan Senior vice president 1 Feb 2012 Other 1016929
David Dean Grumhaus Senior vice president 1 Feb 2014 Other 2544692
Daniel John Petrisko Senior managing director 1 Aug 2014 Other 4888273
Joyce Barbara Riegel Senior managing director and chief compliance officer 1 Aug 2014 Other 2197347
Timothy Michael Heaney Senior managing director 1 Aug 2014 Other 4888271
Timothy Brooks Beittel Executive managing director & assistant chief investment officer 1 Aug 2014 Other 2456239
Geoffrey Peter Dybas Senior managing director 1 Aug 2014 Other 2696909
Connie Marie Luecke Senior managing director 1 Aug 2014 Other 2642499
Randle Lorenzo Smith Senior managing director 1 Aug 2014 Other 2675190
Deborah Ann Jansen Senior managing director 1 Aug 2014 Other 5118621
Frank James Haggerty Senior managing director 1 Aug 2014 Other 2450702
Shalini Nmn Sharma Senior managing director 1 Aug 2014 Other 4315710
Alan Michael Meder Senior managing director & chief risk officer 1 Aug 2014 Other 2484499
Kevin John Callahan Executive managing director 1 Aug 2014 Other 1016929
David Dean Grumhaus Senior managing director 1 Aug 2014 Other 2544692
Timothy M. Heaney Senior managing director 1 Aug 2014 Other 4888271
Daniel J Petrisko Senior managing director 1 Aug 2014 Other 4888273
James Davison Harding Senior managing director & chief administrative officer 1 Aug 2014 Other 5116967
Shalini Sharma Senior managing director 1 Aug 2014 Other 4315710
Frank Nicholas Donnelly Senior managing director 1 Sep 2014 Other 1258637
Robert George Hiebert Senior managing director 1 Sep 2014 Other 4515574
William Joseph Renahan Vice president, secretary and general counsel 1 Sep 2014 Other 4009328
Eric Jonathan Elvekrog Senior managing director 1 Mar 2015 Other 2665678
Brian Gregory Morandi Managing director 1 Mar 2016 Other 3188915
John Luther Creswell Executive managing director 1 May 2016 Other 2943302
Frederick Andrew Brimberg Senior managing director 1 Aug 2016 Other 872566
Daniel John Petrisko Executive managing director 1 Mar 2017 Other 4888273
Geoffrey Peter Dybas Executive managing director 1 Mar 2017 Other 2696909
David Dean Grumhaus Executive managing director 1 Mar 2017 Other 2544692

Indirect Owners

The SEC currently registers 5 indirect owners.

Name Entity Date acquired Ownership Employer ID
Phoenix Home Life Mutual Insurance Co. Indirect shareholder 1 Nov 1995 75% - 100% 06-0493340
Inc. Pm Holdings Indirect shareholder 1 Nov 1995 75% - 100% 06-1065485
Inc. The Phoenix Companies Parent company 1 Jun 2001 75% - 100% 06-1599088
Inc. Phoenix Investment Management Company Indirect shareholder 1 Jun 2001 75% - 100% 06-1605029
Inc. Virtus Investment Partners Indirect shareholder 1 Nov 2008 75% - 100% 26-3962811

Based in Chicago

The principal office where Duff & PheLPs Investment Management Co. performs its advisory services is located at 200 South Wacker Drive, Chicago, IL 60606, which is also the mailing address of the firm. An additional office of the firm is in Hartford, CT. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 312-263-2610 or by fax 312- 876-1028. The normal business hours are 9:00am to 5:00pm on Monday - Friday. You can find more information about the New York firm at dpimc.com.


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