Lsv Asset Management (Chicago)


Lsv Asset Management is a large advisory firm based in Chicago. It manages $105.84 billion of regulatory assets for 573 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 46 other states.

Lsv Asset Management provides portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and provision of model portfolios to clients who are model advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Lsv Asset Management: assets under management

The assets under management (AUM) of Lsv Asset Management is $105.84 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 1316% since the beginning of its operation, and $24.49 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $105.84 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $184.72 million each.
Lsv Asset Management has custody of $5.92 billion in cash and securities for 16 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 99% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 1% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Lsv Asset Management for their services and products based on a percentage of assets under management 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 Lsv Asset Management serves?

The firm provides services to investment companies, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, state or municipal government entities, and sovereign wealth funds and foreign official institutions. The largest group of clients of Lsv Asset Management is pooled investment vehicles with 36 clients and $26.61 billion of assets under management. Among the 10 most similar advisory firms, Lsv Asset Management has the 4th highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $105.84 billion for 401 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 23% of the firm’s clients are foreign persons or businesses.

Lsv Asset Management also advises several private funds. Namely, two hedge funds and fifteen other private funds. The minimum investment commitment required of non-related persons ranges from $20,000,000 to $25,000,000.

Careers at Lsv Asset Management

The company employs 43 people that are either part- or full-time employees. 28 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There are 4 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.

Uppalapati Ehc Llc joined the executive team most recently as the General Partner.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Inc. Ib Venture Fund General partner 1 Oct 1994 Other 26-16325865
Vishny Corporation General partner 1 Oct 1994 Other 36-3975175
Inc. Sei Funds General partner 1 Oct 1994 25% - 50% 23-2677774
Josef Nmn Lakonishok Ceo, cio 1 Oct 1994 Other 4352901
Lakonishok Corporation General partner 1 Oct 1994 Other 36-3975178
Shleifer Corporation General partner 1 Oct 1994 Other 36-3982550
Josef Lakonishok Chief executive officer 1 Oct 1994 Other 4352901
Menno Vermeulen Principal 1 Mar 1995 Other 4352904
Fox Pine Hill Llc General partner 1 Jul 1996 Other 06-1508539
Lacroix Llc General partner 1 Jul 1996 Other 06-1508539
Tremaine Arkley Atkinson Chief operating officer 1 Aug 1998 Other 2460579
Llc Menno General partner 1 Jan 1999 Other 36-4268474
Tremaine Arkley Atkinson Partner 1 Apr 2000 Other 2460579
11 11 Llc General partner 1 Jan 2001 Other 36-4409521
11 11 Llc General partner 1 Apr 2001 Other 36-4409521
Miller Ehc Llc General partner 1 Jul 2003 Other 23-2772200
Qu Ehc Llc General partner 1 Jul 2003 Other 23-2772200
Bolger Ehc Llc General partner 1 Jul 2003 Other 23-2772200
Owens Ehc Llc General partner 1 Jul 2003 Other 23-2772200
Menno Vermeulen Member, management committee 1 Jul 2003 Other 4352904
Newman Ehc Llc General partner 1 Apr 2004 Other 23-2772200
Mcguinness Ehc Llc General partner 1 Apr 2004 Other xxx-xx-xxxx
Bruch Ehc Llc General partner 1 Jan 2006 Other 23-2772200
Mansharamani Ehc Llc General partner 1 Jan 2006 Other 23-2772200
Llc Lsv Employee Group General partner 1 Jan 2006 Other 20-4048846
Young Ehc Llc General partner 1 Apr 2007 Other 23-2772200
Swaminathan Ehc Llc General partner 1 Apr 2007 Other 23-2772200
Zhang Ehc Llc General partner 1 Apr 2009 Other 23-2772200
Ragothaman Ehc Llc General partner 1 Apr 2009 Other 23-2772200
Phelan Ehc Llc General partner 1 Apr 2009 Other 23-2772200
Beata Ehc Llc General partner 1 Apr 2011 Other 23-2772200
Kemper Ehc Llc General partner 1 Apr 2011 Other 23-2772200
Llc Lsv Employee Group Ii General partner 1 Apr 2011 Other 450705354
Ciaglo Ehc Llc General partner 1 Apr 2012 Other 23-2772200
Karceski Ehc Llc General partner 1 Apr 2012 Other 23-2772200
Sleight Ehc Llc General partner 1 Apr 2012 Other 23-2772200
Llc Lsv Employee Group Iii General partner 1 Oct 2012 Other 46-1004492
Quinn Ehc Llc General partner 1 Apr 2013 Other 23-2772200
Guy Lakonishok Ehc Llc General partner 1 Apr 2013 Other 23-2772200
O'malley Ehc Llc General partner 1 Apr 2013 Other 23-2772200
Lakonishok Ehc Llc Partner 1 Apr 2013 Other 23-2772200
Phelan Ehc Llc General partner 1 Nov 2013 Other 23-2772200
Kevin Thomas Phelan Chief operating officer 1 Nov 2013 Other 4357786
Kevin T Phelan Chief operating officer 1 Nov 2013 Other 4357786
Joshua Patrick O'donnell Chief compliance officer 1 Dec 2013 Other 6277386
Joshua O'donnell Chief compliance officer 1 Dec 2013 Other 6277386
Kondziela Ehc Llc General partner 1 Apr 2014 Other 23-2772200
2112 Llc General partner 1 Jan 2015 Other 4352904
Chan Ehc Llc General partner 1 Jan 2015 Other 23-2772200
Wagner Ehc Llc General partner 1 Apr 2015 Other 23-2772200
Liu Ehc Llc General partner 1 Apr 2016 Other 23-2772200
O'donnell Ehc Llc General partner 1 Apr 2016 Other 23-2772200
Rosenblatt Ehc Llc General partner 1 Apr 2016 Other 23-2772200
Sanderson Ehc Llc General partner 1 Apr 2016 Other 23-2772200
Uppalapati Ehc Llc General partner 1 Apr 2017 Other 23-2772200

Indirect Owners

The SEC currently registers 50 indirect owners.

Name Entity Date acquired Ownership Employer ID
Sei Investments Company Shareholder 1 Feb 1992 75% - 100% 23-1707341
Robert Vishny Shareholder 1 Oct 1994 50% - 75% 4352903
Wendy Vishny Shareholder 1 Oct 1994 50% - 75% 4352919
Margot Lakonishok Shareholder 1 Oct 1994 25% - 50% 4352908
Andrei Shleifer Shareholder 1 Oct 1994 50% - 75% 4352911
Nancy Gail Zimmerman Shareholder 1 Oct 1994 50% - 75% 1712595
Christopher Joseph Lacroix Member 1 Jul 1996 75% - 100% 1058364
Josef Nmn Lakonishok Trustee 1 Dec 1998 Other 4352901
Lakonishok Family 1998 Gift Trust Shareholder 1 Dec 1998 50% - 75% 36-7249422
Josef Lakonishok Trustee 1 Dec 1998 Other 4352901
Menno Vermeulen Member 1 Jan 1999 75% - 100% 4352904
Tremaine Arkley Atkinson Member 1 Jan 2001 50% - 75% 2460579
Anna Atkinson Member 1 Jan 2001 50% - 75% 4352932
Tremaine Arkley Atkinson Member 1 Apr 2001 75% - 100% 2460579
James Wilson Owens Member 1 Jul 2003 75% - 100% 2444010
Eric Michael Miller Member 1 Jul 2003 75% - 100% 2132620
Tracy Bolger Member 1 Jul 2003 75% - 100% 4683048
Han Qu Member 1 Jul 2003 75% - 100% 4683051
Daniel Newman Member 1 Apr 2004 75% - 100% 4853850
Edward Joseph Mcguinness Member 1 Apr 2004 75% - 100% 2799022
Keith Bruch Member 1 Jan 2006 75% - 100% 2808656
Puneet Mansharamani Member 1 Jan 2006 75% - 100% 5115826
Peter Michael Young Member 1 Apr 2007 75% - 100% 1787147
Bhaskaran Swaminathan Member 1 Apr 2007 75% - 100% 1855681
Josef Nmn Lakonishok Shareholder 1 Jan 2008 50% - 75% 4352901
Lakonishok Family 1998 Gift Trust Shareholder 1 Jan 2008 50% - 75% 36-7249422
Josef Lakonishok Shareholder 1 Jan 2008 50% - 75% 4352901
Inc. Ib Venture Fund Shareholder 1 Jan 2008 75% - 100% 26-16325865
Kevin Thomas Phelan Member 1 Apr 2009 75% - 100% 4357786
Simon Zhang Member 1 Apr 2009 75% - 100% 5668259
Balakumar Ragothaman Member 1 Apr 2009 75% - 100% 4847682
Kevin T Phelan Member 1 Apr 2009 75% - 100% 4357786
Scott Scribner Kemper Member 1 Apr 2011 75% - 100% 4528724
David Gerard Beata Member 1 Apr 2011 75% - 100% 2986431
Jason Karceski Member 1 Apr 2012 75% - 100% 6061772
Greg Sleight Member 1 Apr 2012 75% - 100% 6061773
David Gerard Beata Member 1 Apr 2012 75% - 100% 2986431
Jason Andrew Ciaglo Member 1 Apr 2012 75% - 100% 2777112
Monika Quinn Member 1 Apr 2013 75% - 100% 6192383
Claude Joseph O'malley Member 1 Apr 2013 75% - 100% 4451044
Guy Lakonishok Member 1 Apr 2013 75% - 100% 4051464
Leslie Marie Kondziela Member 1 Apr 2014 75% - 100% 6463274
Menno Vermeulen Member 1 Jan 2015 75% - 100% 4352904
Louis Chan Member 1 Jan 2015 75% - 100% 6552720
Michael Patrick Wagner Member 1 Apr 2015 75% - 100% 1699498
Joshua Patrick O'donnell Member 1 Apr 2016 75% - 100% 6277386
Brian Benjamin Sanderson Member 1 Apr 2016 75% - 100% 4866814
Marisa Rosenblatt Member 1 Apr 2016 75% - 100% 6427312
Titus Wong Hung Liu Member 1 Apr 2016 75% - 100% 4856476
Rajeev Uppalapati Member 1 Apr 2017 75% - 100% 6925008

Based in Chicago

The principal office where Lsv Asset Management performs its advisory services is located at 155 North Wacker Drive, Chicago, IL 60606, 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 312-460-2443 or by fax 312-220-9241. The normal business hours are 8am to 5pm on Monday - Friday. You can find more information about the New York firm at lsvasset.com.