Evanston Investments Inc (Schaumburg)

Name: Evanston Investments Inc
Address: 1300 Woodfield Road, Schaumburg, IL, 60173
Telephone: 847-397-3000

Evanston Investments Inc is a large advisory firm based in Schaumburg. It manages $504.67 million of regulatory assets for 641 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdiction of Illinois.

Evanston Investments provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Evanston Investments: assets under management

The assets under management (AUM) of Evanston Investments Inc is $504.67 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 444% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $504.67 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $787.32 thousand each.

Evanston Investments has custody of $19.28 million in cash and securities for 19 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 54% of the total AUM. The second-largest asset type is exchange traded securities, which make up 39% of the firm’s portfolio. Investments in cash and cash equivalents form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Evanston Investments Inc for their services and products based on a percentage of assets under management and hourly charges. 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 Keith Webster Cantrell serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Keith Webster Cantrell is high net worth individuals with 111 clients and $453.03 million of assets under management. Among the 4 most similar advisory firms, Evanston Investments has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $488.84 million for 214 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.

Evanston Investments doesn't advise any private funds.

Careers at Evanston Investments Inc

The company employs 11 people that are either part- or full-time employees. 73 percent of the employees work as investment advisers or researchers. 8 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Keith Webster Cantrell has been acting as President since 1 Feb 1982. David D Jackson joined the executive team most recently as the Vice President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Keith Webster Cantrell	President	1 Feb 1982	25% - 50%	2363068
Nathan Snodgrass	Vice-president, chief compliance officer	1 Jan 1998	25% - 50%	2604549
David D Jackson	Vice-president	1 Mar 2001	25% - 50%	4382666

Based in Schaumburg

The principal office where Evanston Investments Inc performs its advisory services is located at 1300 Woodfield Road, Schaumburg, IL 60173, 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 847-397-3000 or by fax 847-397-6953. The normal business hours are 8:00 - 5:00 on Monday - Friday. You can find more information about the New York firm at evanstonadvisors.com.