Aon Hewitt Investment Consulting, Inc. (Chicago)

Aon Hewitt Investment Consulting 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 educational seminars and workshops. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Aon Hewitt Investment Consulting: assets under management

The assets under management (AUM) of Aon Hewitt Investment Consulting, Inc. is $112.79 billion. The firm's AUM has grown by 270% since the beginning of its operation, and $95.6 million of the total AUM is attributable to clients outside of the United States.

The firm manages $110 billion in discretionary accounts and $2.79 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $394.26 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $2.79 billion.

Aon Hewitt Investment Consulting has custody of $110 billion in cash and securities for 180 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment grade corporate bonds the most. They account for 26% of the total AUM. The second-largest asset type is derivatives, which make up 24% of the firm’s portfolio. Investments in exchange traded securities form 19% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Aon Hewitt Investment Consulting, Inc. for their services and products based on a percentage of assets under management, hourly charges, 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 Stephen Todd Cummings serves?

The firm provides services to investment companies, charitable organizations, pooled investment vehicles, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Stephen Todd Cummings is pension and profit sharing plans with 46 clients and $50.9 billion of assets under management. Among the 10 most similar advisory firms, Aon Hewitt Investment Consulting has the 2nd highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $111.62 billion for 131 clients. None of the firm’s clients are foreign persons or businesses.

Aon Hewitt Investment Consulting also advises several private funds. Namely, two hedge funds, one real estate fund, and eighteen other private funds. The minimum investment commitment required of non-related persons ranges from $0 to $1,000,000.

Careers at Aon Hewitt Investment Consulting, Inc.

The company employs 331 people that are either part- or full-time employees. 86 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There are 4 people 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.

Stephen Todd Cummings has been acting as President since 1 Mar 2000. Aon Us & International Holdings Limited joined the executive team most recently as the Owner.

Direct owners and executive officers

Indirect Owners

The SEC currently registers 5 indirect owners.

Based in Chicago

The principal office where Aon Hewitt Investment Consulting, Inc. performs its advisory services is located at 200 East Randolph Street, Chicago, IL 60601, which is also the mailing address of the firm. An additional office of the firm is in Norwalk, CT. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 312-381-1200 or by fax 312-715-1952. The normal business hours are 8:30 am through 5:00 pm on Monday - Friday. You can find more information about the New York firm at aonhewitt.com/investmentconsulting and its LinkedIn profile.

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