Schenck Investment Solutions LLC (Appleton)


Schenck Investment Solutions LLC is a large advisory firm based in Appleton. It manages $875.45 million of regulatory assets for 1,278 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdictions of Michigan, Texas, and Wisconsin.

Schenck Investment Solutions provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, 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.

Schenck Investment Solutions: assets under management

The assets under management (AUM) of Schenck Investment Solutions LLC is $875.45 million. The firm's AUM has grown by 1471% since the beginning of its operation, and $4.2 million of the total AUM is attributable to clients outside of the United States.

The firm manages $447.18 million in discretionary accounts and $428.27 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $424.27 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.91 million.
Schenck Investment Solutions has custody of $247.36 million in cash and securities for 303 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 88% of the total AUM. The second-largest asset type is exchange traded securities, which make up 4% of the firm’s portfolio. Investments in cash and cash equivalents form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Schenck Investment Solutions LLC 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 Ronald J Altenburg 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 Ronald J Altenburg is individuals with 491 clients and $507.64 million of assets under management. Among the 11 most similar advisory firms, Schenck Investment Solutions has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $873.81 million for 654 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.

Schenck Investment Solutions doesn't advise any private funds.

Careers at Schenck Investment Solutions LLC

The company employs 9 people that are either part- or full-time employees. 89 percent of the employees work as investment advisers or researchers. 8 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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.

Ronald J Altenburg has been acting as President since 1 Oct 2007. Chris Bentley joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Schenck Sc Owner 1 Jan 1999 75% - 100% 39-1173131
Steven Nicholas Hooyman Officer 1 Jan 1999 Other 2143662
Kermit Ellefson Director 1 Jan 1999 Other 4446171
Robert A Debruin Director 1 Jan 1999 Other 4446177
Michael G Kuechler Director 1 Jan 1999 Other 4446181
Michael J Hucovski Director 1 Nov 1999 Other 4446188
Thomas James Vonck Manager & chief compliance officer 1 Dec 1999 Other 4445986
Thomas Vonck Manager 1 Dec 1999 Other 4445986
Robert Arnold Director 1 Oct 2002 Other 4614931
William Goodman Director 1 Oct 2004 Other 4948102
James R Stahl Director 1 Oct 2004 Other 4948105
Michael Wood Konecny Director 1 Oct 2005 Other 5071301
Karin Marie Gale Director 1 Oct 2005 Other 4449067
Robyn King Director 1 Oct 2006 Other 5263697
Dennis Langenberg Director 1 Oct 2006 Other 5263703
Ronald J Altenburg Director 1 Oct 2007 Other 5458662
Thomas J Giesen Director 1 Oct 2007 Other 5458665
Timothy Charles Utecht Chief compliance officer 1 Oct 2008 Other 2166598
James Alan Olson Director 1 Oct 2009 Other 5727809
Donald Walter Kossow Director 1 Oct 2010 Other 5871700
Lisa Van Beek Director 1 Oct 2011 Other 5999085
Greg Barber Director 1 Oct 2013 Other 6277307
Daniel Kufeld Director 1 Oct 2015 Other 6586539
Mark Spaeth Director 1 Oct 2016 Other 6733843
Jaime Anday Director 1 Oct 2016 Other 6733847
Terri Lillesand Director 1 Oct 2016 Other 6733849
Mark John Fenlon President/ceo 1 Oct 2017 Other 1466512
Dan Young Director 1 Oct 2017 Other 7052404
Ken Zacharias Director 1 Oct 2017 Other 7052405
Chris Bentley Chief compliance officer 1 Feb 2018 Other 6928736

Based in Appleton

The principal office where Schenck Investment Solutions LLC performs its advisory services is located at 200 East Washington Street, Appleton, WI 54911 5490, which is also the mailing address of the firm. An additional office of the firm is in Oshkosh, WI. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 920-996-1316 or by fax 920-996-1304. The normal business hours are 8:00a.m.-4:00 p.m. on Monday - Friday. You can find more information about the New York firm at schencksc.com.