Meeder Public Funds, Inc. (Dublin)


Meeder Public Funds, Inc. is a large advisory firm based in Dublin. It manages $13.15 billion of regulatory assets for 305 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of California, Michigan, and Ohio.

Meeder Public Funds provides 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.

Meeder Public Funds: assets under management

The assets under management (AUM) of Meeder Public Funds, Inc. is $13.15 billion. The firm's AUM has grown by 392% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $10.61 billion in discretionary accounts and $2.53 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $48.01 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $30.17 million.

Investments

The firm invests in government bonds the most. They account for 70% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 23% of the firm’s portfolio. Investments in cash and cash equivalents form 7% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Meeder Public Funds, 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 John Jason Click serves?

The firm provides services to pooled investment vehicles and state or municipal government entities. The largest group of clients of John Jason Click is state or municipal government entities with 273 clients and $13 billion of assets under management. Among the 5 most similar advisory firms, Meeder Public Funds has the highest percentage of state or municipal government entities out of all clients.

The amount of regulatory assets under management is $13.15 billion for 274 clients. None of the firm’s clients are foreign persons or businesses.

Meeder Public Funds doesn't advise any private funds.

Careers at Meeder Public Funds, Inc.

The company employs 24 people that are either part- or full-time employees. 83 percent of the employees work as investment advisers or researchers. 7 employees are registered as investment adviser representatives with the state securities authorities.

There are 2 people 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.

John Jason Click has been acting as President since 1 Jan 2015. Dale William Smith has served as the Chief Investment Officer since 1 Nov 2013 and Robert Sherman Meeder is the Chief Executive Officer of Meeder Public Funds, Inc. family office. Dennis Vincent Yacobozzi joined the executive team most recently as the President.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Susan Meeder Sr. vice president/coo 1 Nov 2013 Other 6074506
Robert Sherman Meeder Chief executive officer 1 Nov 2013 Other 2867295
Dale William Smith Chief investment officer 1 Nov 2013 Other 1792335
Inc. Meeder Investment Management Parent corporation 1 Nov 2013 75% - 100% 31-1188077
Robert Sherman (Jr) Meeder Chief executive officer 1 Nov 2013 Other 2867295
Bruce Edward Mckibben Chief compliance officer 1 Nov 2013 Other 2177007
John Jason Click President 1 Jan 2015 Other 3060649
Jason Dale Headings Vice president 1 Jan 2015 Other 4815749
Timothy Neil Mccabe Chief legal counsel 1 Sep 2015 Other 5960808
Adam Scott Ness Chief financial officer 1 Aug 2016 Other 3083419
Douglas Jennings Chief compliance officer 1 Sep 2016 Other 6700237
Douglas Richard Jennings Chief compliance officer 1 Sep 2016 Other 6700237
Dale William Smith Co-chief investment officer 1 Jan 2017 Other 1792335
Clinton Lee Brewer Co-chief investment officer 1 Jan 2017 Other 4838530
Adam Scott Ness Chief operating officer 1 Oct 2017 Other 3083419
Dennis Vincent Yacobozzi President 1 Nov 2018 Other 4362621

Indirect Owners

The SEC currently registers 4 indirect owners.

Name Entity Date acquired Ownership Employer ID
Robert Sherman (Sr) Meeder Chairman and director 1 Oct 1991 50% - 75% 2867291
Robert Sherman Meeder President 1 Jan 1992 50% - 75% 2867295
Robert Sherman (Jr) Meeder President 1 Jan 1992 50% - 75% 2867295
Robert Sherman (Sr) Meeder Shareholder 1 Jul 2018 25% - 50% 2867291

Based in Dublin

The principal office where Meeder Public Funds, Inc. performs its advisory services is located at 6125 Memorial Drive, Dublin, OH 43017, which is also the mailing address of the firm. An additional office of the firm is in Lansing, MI. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 800-325-3539 or by fax 614-923-1145. The normal business hours are 8 a.m - 5 p.m. on Monday - Friday. You can find more information about the New York firm at meederinvestment.com.