Ellenbecker Investment Group, Inc. (Pewaukee)

Name: Ellenbecker Investment Group, Inc.
Address: N35 W23877 Highfield Court, Pewaukee, WI, 53072
Telephone: 262-691-3200

Ellenbecker Investment Group, Inc. is a large advisory firm based in Pewaukee. It manages $712.16 million of regulatory assets for 4,623 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Arizona, California, Colorado, and 16 other states.

Ellenbecker Investment Group provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, selection of other advisers, publication of newsletters, and educational seminars and workshops. It prepares financial plans for approximately 1,500 clients. On top of advisory services, the firm doesn't engage in other business activities.

Ellenbecker Investment Group: assets under management

The assets under management (AUM) of Ellenbecker Investment Group, Inc. is $712.16 million. The firm's AUM has grown by 69% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $698.73 million in discretionary accounts and $13.44 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $159.27 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $56.93 thousand.

Investments

The firm invests in non-exchange traded securities the most. They account for 76% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 21% 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 Ellenbecker Investment Group, Inc. for their services and products based on a percentage of assets under management, hourly charges, 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 Ellenbecker Investment Group serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Ellenbecker Investment Group is individuals with 1,402 clients and $360.83 million of assets under management. Among the 10 most similar advisory firms, Ellenbecker Investment Group has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $712.16 million for 1,593 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.

Ellenbecker Investment Group doesn't advise any private funds.

Careers at Ellenbecker Investment Group, Inc.

The company employs 28 people that are either part- or full-time employees. 39 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 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
Karen Jean Ellenbecker	Founder, secretary and treasurer	1 Jun 2014	75% - 100%	1412296
Julie Ann Ellenbecker Lipsky	President, vice president and chief compliance officer	1 Jun 2014	Other	3044053

Based in Pewaukee

The principal office where Ellenbecker Investment Group, Inc. performs its advisory services is located at N35 W23877 Highfield Court, Pewaukee, WI 53072, which is also the mailing address of the firm. An additional office of the firm is in Whitefish Bay, WI. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 262-691-3200 or by fax 262-691-3229. The normal business hours are 8am - 5pm on Monday - Friday. You can find more information about the New York firm at ellenbecker.com.