Cortina Asset Management, LLC (Milwaukee)


Cortina Asset Management, LLC is a large advisory firm based in Milwaukee. It manages $1.69 billion of regulatory assets for 50 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of Texas and Wisconsin.

Cortina Asset Management provides portfolio management for individuals and small businesses 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.

Cortina Asset Management: assets under management

The assets under management (AUM) of Cortina Asset Management, LLC is $1.69 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 3263% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.69 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $33.86 million each.

Investments

The firm invests in exchange traded securities the most. They account for 96% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 4% of the firm’s portfolio.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Cortina Asset Management, LLC for their services and products based on a percentage of assets under management. 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 Cortina Asset Management serves?

The firm provides services to investment companies, charitable organizations, high net worth individuals, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Cortina Asset Management is pension and profit sharing plans with 5 clients and $468.99 million of assets under management. Among the 9 most similar advisory firms, Cortina Asset Management has the highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $1.54 billion for 46 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.

Cortina Asset Management doesn't advise any private funds.

Careers at Cortina Asset Management, LLC

The company employs 17 people that are either part- or full-time employees. 47 percent of the employees work as investment advisers or researchers. No 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.

Inc. Cr Financial joined the executive team most recently as the Shareholder.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Brian Raymond Bies Portfolio manager and principal 1 Apr 2004 Other 2457017
John Carl Potter Portfolio manager and principal 1 Apr 2004 Other 2521638
Thomas Joseph Eck Portfolio manager and principal 1 Apr 2004 Other 4064946
Lori Kaczynski Hoch Chief operating officer and chief compliance officer 1 Apr 2004 Other 4764716
Llc Roth Capital Partners Member 1 Apr 2004 Other 33-0947643
Joseph Anthony Frohna Chief executive officer 1 Apr 2004 25% - 50% 2545291
Cr Holdings Member 1 Apr 2004 25% - 50% 15407
Llc Waco Limited Member 1 Jun 2007 25% - 50% 33-0914744
Inc. Cr Financial Holdings Member 1 Jun 2007 25% - 50% 33-0914744
Potter Family Limited Partnership Member 1 Jun 2012 Other 80-0828203
Eck Family Limited Partnership Member 1 Jun 2012 Other 90-0862947

Indirect Owners

The SEC currently registers 3 indirect owners.

Name Entity Date acquired Ownership Employer ID
Byron Clarence Roth Owner 1 Jan 2000 75% - 100% 1768553
Inc. Cr Financial Holdings Owner 1 Jan 2000 50% - 75% 33-091477
Inc. Cr Financial Shareholder 1 Dec 2013 75% - 100% 33-0914744

Based in Milwaukee

The principal office where Cortina Asset Management, LLC performs its advisory services is located at 825 North Jefferson Street, Milwaukee, WI 53202, 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 414-225-7399 or by fax 414-225-0733. The normal business hours are 7:30 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at cortinaassetmanagement.com.