Busey Capital Management, Inc. (Urbana)

Busey Capital Management, Inc. is a large advisory firm based in Urbana. It manages $411.33 million of regulatory assets for 655 client accounts. It has been registered with the SEC as an adviser since 2003 and has operated in the jurisdictions of California, Florida, Illinois, and 4 other states.

Busey Capital Management provides portfolio management for individuals and small businesses 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.

Busey Capital Management: assets under management

The assets under management (AUM) of Busey Capital Management, Inc. is $411.33 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 925% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $411.33 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $627.99 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 37% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 32% of the firm’s portfolio. Investments in government bonds form 28% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Busey Capital Management, Inc. for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Robert Scott Macadam serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Robert Scott Macadam is individuals with 513 clients and $139.91 million of assets under management. Among the 11 most similar advisory firms, Busey Capital Management has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $146.45 million for 524 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.

Busey Capital Management doesn't advise any private funds.

Careers at Busey Capital Management, Inc.

The company employs 11 people that are either part- or full-time employees. 82 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.

Robert Scott Macadam has been acting as President since 1 Jul 2003. Robert J Ballsrud has served as the Chief Investment Officer since 1 Mar 2010. Busey Bank joined the executive team most recently as the Owner.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Robert Scott Macadam	Director	1 Jul 2003	Other	2100390
Busey Trust Company	Owner	1 Jul 2003	75% - 100%	37-1205455
Scott Leslie Hendrie	Principal	1 Jul 2003	Other	2165998
First Busey Trust & Investment Company	Owner	1 Jul 2003	75% - 100%	37-1205455
Dale Linell Dye	Secretary	1 Sep 2003	Other	4506449
Mark James Wisniewski	Managing director-options	1 Jan 2008	Other	1501968
Theresa Lynn Adams	Chief compliance officer	1 Oct 2008	Other	2667464
Robert James Ballsrud	President and chief executive officer	1 Mar 2010	Other	5777067
Danielle Marie Izard	Manager of institutional sales and strategy	1 Mar 2010	Other	4955838
Robert J Ballsrud	Chief investment officer	1 Mar 2010	Other	5777067
Elizabeth Bedard Czys	Chief compliance officer	1 Jan 2011	Other	5891709
Zachary Edward Hillard	Treasurer	1 Jan 2011	Other	5891729
Donna Rae Greene	Director	1 Jan 2011	Other	2432502
Ronald Earl Drane	Director	1 Jan 2011	Other	5900747
Ronald E Drane	Director	1 Jan 2011	Other	5900747
Brian Patrick O'toole	Director	1 Dec 2012	Other	4257435
Aaron M. Sutton	Director	1 Sep 2016	Other	4409913
Thaddeus William Yasunaga	Director	1 Sep 2016	Other	6592640
Aron Ward Mcdonald	Director	1 Sep 2016	Other	2572565
Teresa Marie Twigg	Secretary	1 Dec 2016	Other	2332477
Nicole Marie Chaput	Chief compliance officer	1 Jun 2018	Other	7048944
Busey Bank	Owner	1 Nov 2018	75% - 100%	37-0613731

Indirect Owners

The SEC currently registers 5 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
First Busey Corporation	Owner	1 Mar 1980	75% - 100%	37-1078406
Busey Investment Group	Owner	1 Jan 2001	75% - 100%	37-1384247
First Busey Corporation	Owner	1 Jul 2003	75% - 100%	37-1078406
Busey Wealth Management Inc	Owner	1 Jul 2003	75% - 100%	37-1384247
Busey Wealth Management	Owner	1 Jul 2003	75% - 100%	37-1384247

Based in Urbana

The principal office where Busey Capital Management, Inc. performs its advisory services is located at 201 W. Main Street, Urbana, IL 61801, which is also the mailing address of the firm. An additional office of the firm is in Creve Coeur, MO. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 217-365-4800 or by fax 217-351-6551. The normal business hours are 8:00am - 5:00pm on Monday - Friday.