Clune & Associates (Chicago)

Name: Clune & Associates
Address: 980 N Michigan Avenue Ste 1650, Chicago, IL, 60611
Telephone: 312-644-6040

Clune & Associates is a large advisory firm based in Chicago. It manages $300.58 million of regulatory assets for 568 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Arizona, California, Colorado, and 4 other states.

Clune & Associates provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and pension consulting services. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Clune & Associates: assets under management

The assets under management (AUM) of Clune & Associates is $300.58 million. $1.87 million of the total AUM is attributable to clients outside of the United States.

Investments

The firm invests in pooled investment vehicles the most. They account for 90% of the total AUM. The second-largest asset type is exchange traded securities, which make up 5% of the firm’s portfolio. Investments in cash and cash equivalents form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Clune & Associates for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Eileen Stancati Clune 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 Eileen Stancati Clune is high net worth individuals with 106 clients and $268.75 million of assets under management. Among the 9 most similar advisory firms, Clune & Associates has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $300.58 million for 165 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 4% of the firm’s clients are foreign persons or businesses.

Clune & Associates doesn't advise any private funds.

Careers at Clune & Associates

The company employs 4 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 3 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Eileen Stancati Clune has been acting as President since 1 Jan 1988. Randolph C Hardy joined the executive team most recently as the Principal / Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Eileen Stancati Clune	Owner/president	1 Jan 1988	75% - 100%	1067388
Dominick Joseph Vetrano	Principal	1 Sep 1996	Other	2043867
Gary Christopher Rychtanek	Principal	1 Jan 1998	Other	4334091
Randolph C Hardy	Principal / chief compliance officer	1 Sep 2009	Other	4736108

Based in Chicago

The principal office where Clune & Associates performs its advisory services is located at 980 N Michigan Avenue Ste 1650, Chicago, IL 60611, which is also the mailing address of the firm. An additional office of the firm is in Wolcott, CO. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 312-644-6040 or by fax 312-644-5046. The normal business hours are 8:30-5:00 on Monday - Friday. You can find more information about the New York firm at clune.biz.