Chesme, LLC (Dewitt)

Name: Chesme, LLC
Address: 124 N Bridge St, Dewitt, MI, 48820
Telephone: 517-669-1600

Chesme, LLC is a large advisory firm based in Dewitt. It manages $704.93 million of regulatory assets for 689 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Florida and Michigan.

Chesme 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 less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Chesme: assets under management

The assets under management (AUM) of Chesme, LLC is $704.93 million. The firm's AUM has grown by 35% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $703.64 million in discretionary accounts and $1.29 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.04 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $99.59 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 98% of the total AUM. The second-largest asset type is exchange traded securities, which make up 1% of the firm’s portfolio. Investments in cash and cash equivalents form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Chesme, LLC 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 Chesme serves?

The firm provides services to individuals, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Chesme is pension and profit sharing plans with 30 clients and $596.14 million of assets under management. Among the 10 most similar advisory firms, Chesme has the 2nd highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $704.93 million for 285 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.

Chesme doesn't advise any private funds.

Careers at Chesme, LLC

The company employs 7 people that are either part- or full-time employees. 57 percent of the employees work as investment advisers or researchers. 4 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.

Stephen Michael Erb has served as the Chief Investment Officer since 1 Jan 2006 and Douglas Joel Vaughn is the Chief Executive Officer of Chesme, LLC family office. Llc Ncinc joined the executive team most recently as the Member.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Charles Henry Embs	President, chief compliance officer and manager	1 Jan 2004	Other	4139482
Stephen Michael Erb	Chief investment officer	1 Jan 2006	Other	2864035
Angela Kohleen Lewis	Chief operations officer	1 Jan 2008	Other	4662353
Douglas Joel Vaughn	Chief executive officer	1 Jan 2011	Other	4576348
Stephen Michael Erb	Member	1 Jun 2017	Other	2864035
Douglas Joel Vaughn	Member	1 Jun 2017	Other	4576348
Llc Ncinc	Member	1 Jun 2017	Other	82-0982361
Glm Holding Company	Member	1 Jun 2017	75% - 100%	47-2557772
Michael S Gilmore	Manager	1 Jun 2017	Other	5840794
Goran Mike Jurkovic	Manager	1 Jun 2017	Other	6332091

Indirect Owners

The SEC currently registers 4 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Renaissance Health Service Corp	Member	1 Mar 2013	Other	38-1675667
Delta Dental Plan Of Michigan Inc	Member	1 Dec 2014	75% - 100%	38-1791480
Delta Dental Plan Of Ohio Inc	Member	1 Feb 2015	25% - 50%	31-0685339
Charles Henry Embs	Member	1 Mar 2017	75% - 100%	4139482

Based in Dewitt

The principal office where Chesme, LLC performs its advisory services is located at 124 N Bridge St, Dewitt, MI 48820, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 517-669-1600 or by fax 517-913-6021. The normal business hours are 9:00 am-5:00 pm on Monday - Friday. You can find more information about the New York firm at chesme.com.