Independence Fixed Income LLC (Mclean)


Independence Fixed Income LLC is a large advisory firm based in Mclean. It manages $6.28 billion of regulatory assets for 16 client accounts. It has been registered with the SEC as an adviser since 2001.

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Independence Fixed Income provides portfolio management for investment companies and portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Independence Fixed Income: assets under management

The assets under management (AUM) of Independence Fixed Income LLC is $6.28 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 90% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.


The firm manages $6.28 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $392.38 million each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Independence Fixed Income LLC for their services and products based on a percentage of assets under management, fixed fees, 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.

Careers at Independence Fixed Income LLC

Klaus Otto Shigley has been acting as President since 1 Sep 1995. Ronald Joseph Mchugh joined the executive team most recently as the Director/Elected Manager.

Direct owners and executive officers



Name Entity Date acquired Ownership Employer ID
William Peter Callan President and ceo 1 Jun 1989 Other 1918639
Klaus Otto Shigley Director/elected manager 1 Sep 1995 Other 4341558
Gregory Peter Winn Director/elected manager 1 May 1998 Other 2492423
Independence Investment Llc Member 1 Jan 1999 75% - 100% 106144
Kathleen Marie Graveline Director/elected manager 1 Jan 1999 Other 2469141
Mark Charles Lapman Chairman, director/elected manager 1 May 2000 Other 2246840
John Michael Deciccio Director/elected manager 1 May 2000 Other 1936163
Maureen Rudkin Ford Director/elected manager 1 May 2001 Other 703727
Joanne Patricia Acford Director/elected manager 1 Aug 2001 Other 4345322
Ronald Joseph Mchugh Director/elected manager 1 Apr 2003 Other 4661945

Indirect Owners

The SEC currently registers 8 indirect owners.

Name Entity Date acquired Ownership Employer ID
John Hancock Subsidiaries Llc Member 1 May 1991 75% - 100% 13-3121913
John Hancock Life Insurance Co Member 1 May 1991 75% - 100% 107721
Inc. John Hancock Financial Services Shareholder 1 Feb 2000 75% - 100% 04-3483032
Kathleen Marie Graveline Director/elected manager 1 Apr 2001 Other 2469141
John Michael Deciccio Director/elected manager 1 Apr 2001 Other 1936163
Klaus Otto Shigley Director/elected manager 1 Apr 2001 Other 4341558
Gregory Peter Winn Director/elected manager 1 Apr 2001 Other 2492423
Mark Charles Lapman Director/elected manager 1 Apr 2001 Other 2246840

Based in Mclean

The principal office where Independence Fixed Income LLC performs its advisory services is located at 1650 Tysons Boulevard, Mclean, VA 22102, which is also the mailing address of the firm. An additional office of the firm is in Boston, MA. The firm also has an office outside of the United States.

You can reach the main office by calling the phone number 703-749-8200 or by fax 703-749-8256. The normal business hours are 8:30am - 5:30pm on Monday - Friday. You can find more information about the New York firm at www.independence.com.