Fairpointe Capital LLC is a large advisory firm based in Chicago. It manages $2.94 billion of regulatory assets for 15 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdiction of Illinois.
Fairpointe Capital 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.
The assets under management (AUM) of Fairpointe Capital LLC is $2.94 billion, all of which is managed in discretionary accounts. The firm's AUM has gone down by -28% since the beginning of its operation, and $166.84 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Fairpointe Capital LLC for their services and products based on a percentage of assets under management 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.
The firm provides services to investment companies, pooled investment vehicles, and state or municipal government entities. The largest group of clients of Robert Samuel Burnstine is investment companies with 3 clients and $2.53 billion of assets under management. Among the 6 most similar advisory firms, Fairpointe Capital has the highest percentage of investment companies out of all clients.
The amount of regulatory assets under management is $2.8 billion for 10 clients. 7% of the firm’s clients are foreign persons or businesses.
Fairpointe Capital also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $250,000 for each fund.
The company employs 15 people that are either part- or full-time employees. 47 percent of the employees work as investment advisers or researchers. 5 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.
Robert Samuel Burnstine has been acting as President since 1 Feb 2011. Mary Louise Pierson joined the executive team most recently as the Co Chief Executive Officer.
The principal office where Fairpointe Capital LLC performs its advisory services is located at One North Franklin Street, Chicago, IL 60606 2401, 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)477-3300 or by fax (312) 477-3400. The normal business hours are 8 am - 5 pm on Monday - Friday. You can find more information about the New York firm at fairpointecapital.com/ and its LinkedIn profile.