Michael Russo Ltd is a large advisory firm based in Mokena. It manages $112.07 million of regulatory assets for 989 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of Illinois, Indiana, Texas, and Wisconsin.
Michael Russo provides portfolio management for individuals and small businesses and pension consulting services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Michael Russo Ltd is $112.07 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 306% since the beginning of its operation, and $205.25 thousand of the total AUM is attributable to clients outside of the United States.
The advisory firm has a single stream of revenue. Clients pay Michael Russo Ltd 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.
The firm provides services to individuals and high net worth individuals. The largest group of clients of Michael Russo is individuals with 477 clients and $91.83 million of assets under management. Among the 10 most similar advisory firms, Michael Russo has the 3rd highest percentage of individuals out of all clients.
The amount of regulatory assets under management is $112.07 million for 485 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.
Michael Russo doesn't advise any private funds.
The company employs 3 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 3 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.
The principal office where Michael Russo Ltd performs its advisory services is located at 19015 S. Jodi Rd., Suite G, Mokena, IL 60448, 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 708-478-7190 or by fax 708-478-7191. The normal business hours are 8:30am - 5:00pm on Monday - Friday. You can find more information about the New York firm at ciag.us.