Goelzer Investment Management, Inc. (Indianapolis)

Name: Goelzer Investment Management, Inc.
Address: 111 Monument Circle, Suite 500, Indianapolis, IN, 46204 2990
Telephone: 317-264-2600

Goelzer Investment Management, Inc. is a large advisory firm based in Indianapolis. It manages $1.52 billion of regulatory assets for 1,156 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Arizona, California, Colorado, and 15 other states.

Goelzer Investment Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, selection of other advisers, and portfolio monitoring/consulting. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Goelzer Investment Management: assets under management

The assets under management (AUM) of Goelzer Investment Management, Inc. is $1.52 billion. The firm's AUM has grown by 138% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.42 billion in discretionary accounts and $100.34 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.27 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $2.51 million.

Goelzer Investment Management has custody of $450.59 million in cash and securities for 146 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 56% of the total AUM. The second-largest asset type is investment and business development companies, which make up 24% of the firm’s portfolio. Investments in state and local bonds form 8% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Goelzer Investment Management, Inc. for their services and products based on a percentage of assets under management, hourly charges, 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 Gregory William Goelzer 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 Gregory William Goelzer is high net worth individuals with 296 clients and $864.25 million of assets under management. Among the 11 most similar advisory firms, Goelzer Investment Management has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.36 billion for 511 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.

Goelzer Investment Management doesn't advise any private funds.

Careers at Goelzer Investment Management, Inc.

The company employs 27 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 18 employees are registered as investment adviser representatives with the state securities authorities.

There are 3 people 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.

Goelzer Investment Management, Inc. is owned by Sandra Kay Goelzer. Gregory William Goelzer has been acting as President since 1 Nov 1997. Joan B Goelzer Credit Shelter Tr U/A Dtd 1 17 1991 joined the executive team most recently as the Owner.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Gregory William Goelzer	President	1 Nov 1997	Other	1040238
Don William Goelzer	Owner	1 Nov 1997	50% - 75%	223579
Brett Dean Mckamey	Secretary	1 Nov 1997	Other	1706545
George Gerard Cassiere	Owner	1 Nov 1997	Other	2400960
Gregory William Goelzer	Vice chairman and ceo	1 Jun 2003	Other	1040238
Brett Dean Mckamey	President and coo	1 Jun 2003	Other	1706545
Joan B. Goelzer	Owner	1 May 2007	Other	xxx-xx-xxxx
Sandra Kay Goelzer	Owner	1 Sep 2007	Other	xxx-xx-xxxx
Lisa Goelzer Freihofer	Owner	1 Sep 2007	Other	xxx-xx-xxxx
Neal Andrew Smith	Owner	1 May 2008	Other	2168145
Debra Ann Rynerson	Financial operations principal	1 Aug 2008	Other	1741218
James Andrew Concannon	Owner	1 Nov 2009	Other	1722214
Goelzer Employee Stock Ownership Plan	Owner	1 Dec 2010	Other	35-2030275
Joan B Goelzer Credit Shelter Tr U/A Dtd 1 17 1991	Owner	1 Dec 2012	Other	45-6640661
Jeffrey Adam Bush	Chief compliance officer	1 Dec 2012	Other	6157908

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
2000 Don W. Goelzer Grantor Retained Annuity Trust Number 2 Dated September 30	Don w. goelzer, sole trustee	1 Sep 2000	Other	35-6706827
Gregory William Goelzer	Trustee	1 Dec 2012	75% - 100%	1040238
Don William Goelzer	Owner and beneficiary	1 Dec 2012	75% - 100%	xxx-xx-xxxx

Based in Indianapolis

The principal office where Goelzer Investment Management, Inc. performs its advisory services is located at 111 Monument Circle, Suite 500, Indianapolis, IN 46204 2990, 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 317-264-2600 or by fax 317-264-2601. The normal business hours are 8:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at goelzerinc.com.