Schwartz Investment Counsel Inc (Plymouth)

Name: Schwartz Investment Counsel Inc
Address: 801 W. Ann Arbor Trail, Plymouth, MI, 48170
Telephone: 7344557777

Schwartz Investment Counsel Inc is a large advisory firm based in Plymouth. It manages $2.19 billion of regulatory assets for 67 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Florida and Michigan.

Schwartz Investment Counsel provides portfolio management for individuals and small businesses, portfolio management for investment companies, 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.

Schwartz Investment Counsel: assets under management

The assets under management (AUM) of Schwartz Investment Counsel Inc is $2.19 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 622% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $2.19 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $32.62 million each.

Investments

The firm invests in exchange traded securities the most. They account for 60% of the total AUM. The second-largest asset type is state and local bonds, which make up 26% of the firm’s portfolio. Investments in investment and business development companies form 5% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Schwartz Investment Counsel 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 Richard Laurence Platte serves?

The firm provides services to individuals, investment companies, charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of Richard Laurence Platte is investment companies with 1 clients and $1.97 billion of assets under management. Among the 11 most similar advisory firms, Schwartz Investment Counsel has the highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $2.08 billion for 55 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.

Schwartz Investment Counsel doesn't advise any private funds.

Careers at Schwartz Investment Counsel Inc

The company employs 16 people that are either part- or full-time employees. 56 percent of the employees work as investment advisers or researchers. 5 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.

Richard Laurence Platte has been acting as President since 1 Jan 2014. Robert Christopher Schwartz joined the executive team most recently as the Senior Vice President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
George Peter Schwartz	President	1 Sep 1980	25% - 50%	416272
Gregory John Schwartz	Chairman	1 Jun 1988	25% - 50%	416277
Richard Laurence Platte	Executive vp	1 Jun 1988	Other	4344244
Robert Mitchell Dailey	Senior vp	1 Feb 1993	Other	4344249
Gregg Devereaux Watkins	Senior vp	1 Mar 2000	Other	800449
Timothy Steven Schwartz	Vice president	1 Dec 2002	Other	4473315
Gregory Richard Heilman	Senior vice president	1 Aug 2003	Other	4667513
Becky Sue Renaud	Chief compliance officer	1 Oct 2004	Other	4877620
Gregory John Schwartz	Shareholder	1 Dec 2004	Other	416277
Michael John Schwartz	Vice president	1 Jan 2006	Other	4687963
Christopher Everett O'rourke	Sr account represenative	1 Jan 2006	Other	4959162
Robert Christopher Schwartz	Vice president	1 Jan 2009	Other	4473324
Brandon Scott Scheitler	Head trader	1 Jul 2009	Other	5121780
Cathy Marie Stoner	Chief compliance officer	1 Jan 2010	Other	5763279
Joseph Winn Skornicka	Senior vice president	1 Sep 2012	Other	4377035
John G. Gibbons	Director	1 Dec 2012	Other	6932210
Walsh T. Richard	Director	1 Dec 2012	Other	6932149
George Peter Schwartz	Chairman, chief executive officer	1 Jan 2014	25% - 50%	416272
Richard Laurence Platte	President	1 Jan 2014	Other	4344244
Timothy Steven Schwartz	Executive vice president	1 Jan 2014	Other	4473315
Cathy Marie Stoner	Chief compliance officer, vice president	1 Jan 2014	Other	5763279
Michael John Schwartz	Senior vice president	1 Jan 2016	Other	4687963
Edward Farragher	Director	1 Mar 2017	Other	6932213
Robert Christopher Schwartz	Senior vice president	1 Jan 2018	Other	4473324

Based in Plymouth

The principal office where Schwartz Investment Counsel Inc performs its advisory services is located at 801 W. Ann Arbor Trail, Plymouth, MI 48170, which is also the mailing address of the firm. An additional office of the firm is in Ave Maria, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 7344557777 or by fax 7344557720. The normal business hours are 8:30am - 5:30pm on Monday - Friday. You can find more information about the New York firm at schwartzinvest.com.