Institutional Portfolio Services Ltd (Chicago)

Institutional Portfolio Services Ltd is an internet adviser based in Chicago. It manages $13.39 million of regulatory assets for 14 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdiction of Illinois.

Institutional Portfolio Services provides portfolio management for individuals and small businesses and portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Institutional Portfolio Services: assets under management

The assets under management (AUM) of Institutional Portfolio Services Ltd is $13.39 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -85% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $13.39 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $956.7 thousand each.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Institutional Portfolio Services 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.

Careers at Institutional Portfolio Services Ltd

Padmanabha B Pai has been acting as President since 1 Oct 1978. Mohini Chaddah Pai joined the executive team most recently as the Vice President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Padmanabha B Pai	President	1 Oct 1978	75% - 100%	2375171
Bantval Padmanabha Pai	President	1 Oct 1978	75% - 100%	2375171
Mohini Chaddah Pai	Vice president	1 Jan 1984	Other	355265

Based in Chicago

The principal office where Institutional Portfolio Services Ltd performs its advisory services is located at 21 S Clark St, Chicago, IL 60603 2094, which is also the mailing address of the firm. An additional office of the firm is in Kenilworth, IL. It doesn’t run an office outside of the United States.