Mendel Money Management Inc (Northbrook)

Mendel Money Management Inc is a large advisory firm based in Northbrook. It manages $141.57 million of regulatory assets for 156 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Florida, Illinois, Massachusetts, New York, and Texas.

Mendel Money Management provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Mendel Money Management: assets under management

The assets under management (AUM) of Mendel Money Management Inc is $141.57 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 149% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $141.57 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $907.49 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 61% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 28% of the firm’s portfolio. Investments in state and local bonds form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Mendel Money Management 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 Mendel Money Management serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Mendel Money Management is high net worth individuals with 55 clients and $115.42 million of assets under management. Among the 7 most similar advisory firms, Mendel Money Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $141.57 million for 156 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.

Mendel Money Management doesn't advise any private funds.

Careers at Mendel Money Management Inc

The company employs 3 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 2 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
Barry M Mendel	President & chief compliance officer	1 Mar 1989	75% - 100%	4366144

Based in Northbrook

The principal office where Mendel Money Management Inc performs its advisory services is located at 1200 Shermer Rd Ste 312, Northbrook, IL 60062, 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 847-564-0970 or by fax 847-291-9924. The normal business hours are 8:00 am to 5:00 pm on Monday - Friday.