Channing Capital Management, LLC is a large advisory firm based in Chicago. It manages $2.33 billion of regulatory assets for 52 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of Georgia, Illinois, Tennessee, and Texas.
Channing Capital Management provides portfolio management for investment companies, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Channing Capital Management, LLC is $2.33 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 3792% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Channing Capital Management, LLC for their services and products based on a percentage of assets under management and performance-based fees. 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.
The firm provides services to investment companies, charitable organizations, other investment advisers, pooled investment vehicles, and state or municipal government entities. The largest group of clients of Channing Capital Management is state or municipal government entities with 22 clients and $1.64 billion of assets under management. Among the 5 most similar advisory firms, Channing Capital Management has the highest percentage of state or municipal government entities out of all clients.
The amount of regulatory assets under management is $2.24 billion for 46 clients. None of the firm’s clients are foreign persons or businesses.
Channing Capital Management also advises several private funds. Namely, one other private fund. The minimum investment commitment required of non-related persons is $100,000 for each fund.
The company employs 18 people that are either part- or full-time employees. 44 percent of the employees work as investment advisers or researchers. 4 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.
The principal office where Channing Capital Management, LLC performs its advisory services is located at 10 South Lasalle Street, Chicago, IL 60603, which is also the mailing address of the firm. An additional office of the firm is in Atlanta, GA. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 312-223-0211 or by fax 312-223-0212. The normal business hours are 8:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at channingcapital.com.