Westwood Management Corporation (Chicago)

Name: Westwood Management Corporation
Address: 208 S Lasalle Street, Chicago, IL, 60604
Telephone: 312-236-3336

Westwood Management Corporation is a large advisory firm based in Chicago. It manages $671.71 million of regulatory assets for 112 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Florida, and Illinois.

Westwood Management Corporation 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.

Westwood Management Corporation: assets under management

The assets under management (AUM) of Westwood Management Corporation is $671.71 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 12% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $671.71 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $6 million each.

Investments

The firm invests in non-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 2% of the firm’s portfolio. Investments in state and local bonds form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Westwood Management Corporation for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Michael Perlow 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 Michael Perlow is high net worth individuals with 91 clients and $424.82 million of assets under management. Among the 10 most similar advisory firms, Westwood Management Corporation has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $671.71 million for 112 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.

Westwood Management Corporation doesn't advise any private funds.

Careers at Westwood Management Corporation

The company employs 5 people that are either part- or full-time employees. 40 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.

Michael Perlow has been acting as President since 1 Apr 1976. Abel (Nmn) Friedman joined the executive team most recently as the Trustee.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Michael (Nmn) Perlow	President & chief compliance officer	1 Apr 1976	75% - 100%	4364279
Michael Perlow	President	1 Apr 1976	75% - 100%	4364279
Peter Goldman	Vice president	1 Apr 1995	Other	2665279
Perlow Gift Trust For Lloyd U/A/D 12/1/98	Shareholder	1 Dec 1998	Other	36-7267191
Perlow Gift Trust For Julie U/A/D 12/1/98	Shareholder	1 Dec 1998	Other	36-7267192
Abel Friedman	Trustee	1 Dec 1998	Other	5905816

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Abel (Nmn) Friedman	Trustee	1 Dec 1998	Other	5905816

Based in Chicago

The principal office where Westwood Management Corporation performs its advisory services is located at 208 S Lasalle Street, Chicago, IL 60604, 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 312-236-3336 or by fax 312-236-9669. The normal business hours are 8:00 am to 4:00 pm on Monday - Friday. You can find more information about the New York firm at westwood-management.com.