Legal & General Investment Management America Inc. is a large advisory firm based in Chicago. It manages $183.15 billion of regulatory assets for 747 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of Delaware, Illinois, Massachusetts, Texas, and Washington.
Legal & General Investment Management America provides portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and publication of newsletters. 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 Legal & General Investment Management America Inc. is $183.15 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 1944% since the beginning of its operation, and $87.43 billion of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Legal & General Investment Management America 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.
The firm provides services to insurance companies, investment companies, other investment advisers, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Mark Joseph Zinkula is other investment advisers with 17 clients and $88.13 billion of assets under management. Among the 10 most similar advisory firms, Legal & General Investment Management America has the highest percentage of other investment advisers out of all clients.
The amount of regulatory assets under management is $182.69 billion for 203 clients. 3% of the firm’s clients are foreign persons or businesses.
Legal & General Investment Management America also advises several private funds. Namely, twenty three other private funds. The minimum investment commitment required of non-related persons is $500,000 for each fund.
The company employs 172 people that are either part- or full-time employees. 49 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives 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 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.
Mark Joseph Zinkula has been acting as President since 1 Feb 2008. Gregory P Turner joined the executive team most recently as the Head Of Operations.
The principal office where Legal & General Investment Management America Inc. performs its advisory services is located at 71 South Wacker Drive, Chicago, IL 60606, which is also the mailing address of the firm. An additional office of the firm is in Boston, MA. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 312-585-0300 or by fax 312-229-6455. The normal business hours are 8.00 am to 5.00 pm on Monday - Friday. You can find more information about the New York firm at lgima.com/ and its LinkedIn profile.