Mack Investment Securities, Inc. (Northfield)

Name: Mack Investment Securities, Inc.
Address: 211 Waukegan Road, Northfield, IL, 60093
Telephone: 847-657-6600

Mack Investment Securities, Inc. is a large advisory firm based in Northfield. It manages $163.46 million of regulatory assets for 1,086 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Arizona, California, Florida, and 6 other states.

Mack Investment Securities provides financial planning services, portfolio management for individuals and small businesses, selection of other advisers, publication of newsletters, and market timing services. It prepares financial plans for approximately 1,000 clients. On top of advisory services, the firm doesn't engage in other business activities.

Mack Investment Securities: assets under management

The assets under management (AUM) of Mack Investment Securities, Inc. is $163.46 million. The firm's AUM has grown by 204% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $110.67 million in discretionary accounts and $52.79 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $166.17 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $125.69 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 46% of the total AUM. The second-largest asset type is exchange traded securities, which make up 38% of the firm’s portfolio. Investments in cash and cash equivalents form 14% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Mack Investment Securities, Inc. for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and commissions. 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 Mack Investment Securities serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Mack Investment Securities is high net worth individuals with 232 clients and $92.84 million of assets under management. Among the 5 most similar advisory firms, Mack Investment Securities has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $163.46 million for 762 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.

Mack Investment Securities doesn't advise any private funds.

Careers at Mack Investment Securities, Inc.

The company employs 7 people that are either part- or full-time employees. 29 percent of the employees work as investment advisers or researchers. 4 employees are registered as investment adviser representatives with the state securities authorities.

There are 5 people with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Stephen Walter Mack	Trustee is president/chief compliance officer	1 Jan 1986	75% - 100%	1007322
Edward Walter Ii Gjertsen	Vice-president	1 Jul 1999	Other	2347514
Edward Walter Gjertsen	Vice-president	1 Jul 1999	Other	xxx-xx-xxxx

Based in Northfield

The principal office where Mack Investment Securities, Inc. performs its advisory services is located at 211 Waukegan Road, Northfield, IL 60093, which is also the mailing address of the firm. An additional office of the firm is in Oak Brook, IL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 847-657-6600 or by fax 847-657-6605. The normal business hours are 8:30am - 4:30pm on Monday - Friday. You can find more information about the New York firm at macktracks.com.