Investment Counsel Inc (Petoskey)

Name: Investment Counsel Inc
Address: 320 Howard Street, Petoskey, MI, 49770
Telephone: (800) 689-7897

Investment Counsel Inc is a large advisory firm based in Petoskey. It manages $134.4 million of regulatory assets for 178 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Illinois, Michigan, and Texas.

Investment Counsel provides portfolio management for individuals and small businesses and portfolio review services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Investment Counsel: assets under management

The assets under management (AUM) of Investment Counsel Inc is $134.4 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -67% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $134.4 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $755.06 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 75% of the total AUM. The second-largest asset type is investment and business development companies, which make up 20% of the firm’s portfolio. Investments in cash and cash equivalents form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Investment Counsel Inc 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 Investment Counsel 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 Investment Counsel is high net worth individuals with 20 clients and $64.38 million of assets under management. Among the 12 most similar advisory firms, Investment Counsel has the 5th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $134.4 million for 88 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.

Investment Counsel doesn't advise any private funds.

Careers at Investment Counsel Inc

The company employs 4 people that are either part- or full-time employees. 25 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative with the state securities authorities.

There isn’t anyone 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.

Jeffrey Anthony Hakala has served as the Chief Investment Officer since 1 Jul 2006. Gerald W. Hakala joined the executive team most recently as the Director Of Research.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Richard Kimball Simonds	Investment counselor	1 Dec 1959	Other	4342264
John Russell Welchli	Investment counselor	1 Oct 1982	Other	4342276
Marshall Clark Downs	Vice president & board member	1 Oct 1983	Other	4342255
Chris William Walker	President & chief compliance officer	1 Oct 2000	75% - 100%	1092101
Lori Ann Fedewa	Chief compliance officer	1 Sep 2004	Other	4953802
Michael Hong Cho	Investment counselor	1 Nov 2004	Other	2456460
Suzanne Marie Antonelli	Chief compliance officer	1 Jun 2005	Other	1635340
Jeffrey Anthony Hakala	Chief investment officer	1 Jul 2006	Other	4763815
Gerald W. Hakala	Director of research	1 Jul 2006	Other	4763821

Based in Petoskey

The principal office where Investment Counsel Inc performs its advisory services is located at 320 Howard Street, Petoskey, MI 49770, 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 (800) 689-7897 or by fax (810) 695-7896. The normal business hours are 8:30 a.m. - 4:30 p.m. on Monday - Friday. You can find more information about the New York firm at invest-counsel.com/.