Associated Investment Services, Inc. (Green Bay)


Associated Investment Services, Inc. is a large advisory firm based in Green Bay. It manages $645.83 million of regulatory assets for 3,939 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of Arizona, Florida, Illinois, and 7 other states.

Associated Investment Services provides financial planning services, portfolio management for individuals and small businesses, selection of other advisers, and mutual fund wrap. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Associated Investment Services: assets under management

The assets under management (AUM) of Associated Investment Services, Inc. is $645.83 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 133% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $645.83 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $163.96 thousand each.
Associated Investment Services has custody of $645.83 million in cash and securities for 3,248 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 95% of the total AUM. The second-largest asset type is exchange traded securities, which make up 5% of the firm’s portfolio.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Associated Investment Services, Inc. for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Associated Investment Services serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Associated Investment Services is individuals with 3,234 clients and $632.35 million of assets under management. Among the 9 most similar advisory firms, Associated Investment Services has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $643.01 million for 3,239 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.

Associated Investment Services doesn't advise any private funds.

Careers at Associated Investment Services, Inc.

The company employs 69 people that are either part- or full-time employees. 42 percent of the employees work as investment advisers or researchers. 54 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Mark James Mcmullen Chairman of the board of directors 1 Mar 1994 Other 1480829
Curtis John Fuszard President & ceo 1 Mar 1994 Other 1418606
Associated Banc Corp Owner 1 Jan 1995 75% - 100% 39-1098068
Thomas Edward Lhost Chief compliance officer; counsel 1 Dec 2001 Other 2251041
Gregory Scott Palmer Regional sales manager 1 Apr 2004 Other 1337345
Beth Ann Cravillion Director of support services 1 Dec 2004 Other 4770231
Gwenn Elizabeth Hansen Principal, financial 1 Mar 2006 Other 4516109
Brian John Mcaleavey Regional sales manager 1 Jun 2007 Other 1261872
Patrick Allen Richard Regional sales manager 1 Sep 2007 Other 1199535
John David Savoie Regional sales manager 1 Nov 2008 Other 2593459
David Lewis Stein Chairman - board of directors 1 Jan 2011 Other 6060045
Timothy Joseph Lau Director - board of directors 1 Jan 2011 Other 6060026
John William Challas Regional sales manager 1 Aug 2011 Other 1244813
Troy Allen Grossbier Principal, financial reporting 1 Oct 2011 Other 2798069
Christopher Jorge Del Moral Niles Director - board of directors 1 Feb 2012 Other 2144857
Arthur Gustav Heise Director - board of directors 1 Feb 2012 Other 6044619
William Kelley Curtis President & ceo; principal, financial 1 Apr 2012 Other 1538468
Robert Timothy Watson Director, treasurer 1 May 2012 Other 6083730
Joseph Francis Domek Regional sales manager 1 Jun 2012 Other 1539489
Joseph Francis Domek Director of sales 1 Jun 2013 Other 1539489
Kurtis Allen Beronja Director of sales support & administration 1 Jun 2013 Other 1467773
Loren Jon Piotrowski Regional sales manager 1 Aug 2013 Other 3170403
Adam Edward Levenstein Principal, financial reporting 1 Sep 2013 Other 6246413
Kurtis Allen Beronja Interim chief compliance officer 1 Sep 2013 Other 1467773
Cheryl Anne Dowsett Director of compliance/chief compliance officer 1 Nov 2013 Other 2196570
Michael David Kuipers President & ceo 1 Jul 2015 Other 2436388
William Michael Bohn Chairman - board of directors 1 Jul 2015 Other 2133748
Amy Lou Wautier Chief compliance officer 1 Sep 2015 Other 4510353
Anthony Philip Pecora Chief compliance officer 1 Oct 2015 Other 2975013
Patrick James Hickey Director - board of directors 1 Jan 2016 Other 4041434
Troy Allen Grossbier Principal, financial reporting 1 Feb 2016 Other 2798069
N.A. Associated Trust Company Sole shareholder 1 May 2016 75% - 100% 39-1564826
Gwenn Elizabeth Hansen Principal, financial reporting 1 Jun 2016 Other 4516109
Brian Thomas Klaus Director, treasurer 1 Jan 2019 Other 7071381

Indirect Owners

The SEC currently registers 1 indirect owner.

Name Entity Date acquired Ownership Employer ID
N.A. Associated Bank Sole shareholder 1 May 2016 75% - 100% 39-1941673

Based in Green Bay

The principal office where Associated Investment Services, Inc. performs its advisory services is located at 433 Main Street, Green Bay, WI 54301 5114 The mailing address of the firm is P.O. Box 640, Green Bay, WI 54305 0640. An additional office of the firm is in Watertown, WI. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 800-595-7722 or by fax 920-327-5674. The normal business hours are 8:00 am - 5:00 pm ct on Monday - Friday. You can find more information about the New York firm at associatedbank.com.