Jacobson & Schmitt Advisors, LLC (Middleton)

Name: Jacobson & Schmitt Advisors, LLC
Address: 8333 Greenway Blvd, Middleton, WI, 53562
Telephone: (608) 662-7500

Jacobson & Schmitt Advisors, LLC is a large advisory firm based in Middleton. It manages $188.54 million of regulatory assets for 584 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdictions of California, Florida, Illinois, Minnesota, and Wisconsin.

Jacobson & Schmitt Advisors provides financial planning services, portfolio management for individuals and small businesses, and pension consulting services. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Jacobson & Schmitt Advisors: assets under management

The assets under management (AUM) of Jacobson & Schmitt Advisors, LLC is $188.54 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 428% since the beginning of its operation, and $1.07 million of the total AUM is attributable to clients outside of the United States.

The firm manages $188.54 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $322.84 thousand each.

Jacobson & Schmitt Advisors has custody of $188.54 million in cash and securities for 213 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 67% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 13% of the firm’s portfolio. Investments in state and local bonds form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Jacobson & Schmitt Advisors, LLC for their services and products based on a percentage of assets under management 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 Jacobson & Schmitt Advisors serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Jacobson & Schmitt Advisors is high net worth individuals with 59 clients and $129.63 million of assets under management. Among the 12 most similar advisory firms, Jacobson & Schmitt Advisors has the 5th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $188.54 million for 208 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Jacobson & Schmitt Advisors doesn't advise any private funds.

Careers at Jacobson & Schmitt Advisors, LLC

The company employs 7 people that are either part- or full-time employees. 86 percent of the employees work as investment advisers or researchers. 6 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 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Milton Allen Jacobson	Member and investment adviser representative	1 Apr 2006	Other	256617
Jason Nordeen Schmitt	Member,chief compliance officer and investment adviser representative	1 Apr 2006	50% - 75%	4777151
Richard Jay Vanden Boogard	Member, investment advisor represenative	1 Dec 2014	Other	6119692
Adam Christopher Sweet	Partner and senior portfolio manager	1 Jun 2019	Other	7147458

Based in Middleton

The principal office where Jacobson & Schmitt Advisors, LLC performs its advisory services is located at 8333 Greenway Blvd, Middleton, WI 53562, 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 (608) 662-7500 or by fax (608) 662-7518. The normal business hours are 8:00 a.m. - 4:30 p.m. on Monday - Friday. You can find more information about the New York firm at jandsadvisors.com.