Charter Capital Management, Inc. (Brookfield)

Name: Charter Capital Management, Inc.
Address: 13805 W Burleigh Road, Brookfield, WI, 53005
Telephone: 414-257-3700

Charter Capital Management, Inc. is a large advisory firm based in Brookfield. It manages $195.02 million of regulatory assets for 292 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Florida and Wisconsin.

Charter Capital Management provides financial planning services, portfolio management for individuals and small businesses, and pension consulting services. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Charter Capital Management: assets under management

The assets under management (AUM) of Charter Capital Management, Inc. is $195.02 million. The firm's AUM has grown by 588% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $192.56 million in discretionary accounts and $2.46 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $700.23 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $144.77 thousand.

Charter Capital Management has custody of $23.1 million in cash and securities for 71 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 85% of the total AUM. The second-largest asset type is exchange traded securities, which make up 8% of the firm’s portfolio. Investments in cash and cash equivalents form 6% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Charter Capital Management, Inc. 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 Charter Capital Management serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Charter Capital Management is high net worth individuals with 61 clients and $110.99 million of assets under management. Among the 7 most similar advisory firms, Charter Capital Management has the 3rd lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $195.02 million for 283 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.

Charter Capital Management doesn't advise any private funds.

Careers at Charter Capital Management, Inc.

The company employs 5 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 5 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Lauren Ervin Toll	Ceo, director	1 Jan 1990	75% - 100%	xxx-xx-xxxx
Joel T Hassler	Chief compliance officer, president	1 Dec 2004	50% - 75%	2222541
Lauren Ervin Toll	Registered principal	1 Oct 2011	Other	xxx-xx-xxxx
Daniel Richard Glaser	Registered principal	1 Jan 2012	50% - 75%	2750930

Based in Brookfield

The principal office where Charter Capital Management, Inc. performs its advisory services is located at 13805 W Burleigh Road, Brookfield, WI 53005, 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 414-257-3700 or by fax 414-257-0917. The normal business hours are 8:00am - 4:30pm on Monday - Friday. You can find more information about the New York firm at chartercapital.net.