Muller & Monroe Asset Management,LLC (Chicago)


Muller & Monroe Asset Management,LLC is a large advisory firm based in Chicago. It manages $922.45 million of regulatory assets for 8 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdiction of Illinois.

Muller & Monroe Asset Management provides portfolio management for pooled investment vehicles and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Muller & Monroe Asset Management: assets under management

The assets under management (AUM) of Muller & Monroe Asset Management,LLC is $922.45 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 223% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $922.45 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $115.31 million each.
Muller & Monroe Asset Management has custody of $423.15 million in cash and securities for 7 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Muller & Monroe Asset Management,LLC for their services and products based on a percentage of assets under management, fixed fees, and performance-based 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 Muller & Monroe Asset Management serves?

The only and largest group of clients of Muller & Monroe Asset Management is pooled investment vehicles with 8 clients and $922.45 million of assets under management. Among the 11 most similar advisory firms, Muller & Monroe Asset Management has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $922.45 million for 8 clients. None of the firm’s clients are foreign persons or businesses.

Muller & Monroe Asset Management also advises several private funds. Namely, eight private equity funds. The minimum investment commitment required of non-related persons ranges from $50,000 to $100,000,000.

Careers at Muller & Monroe Asset Management,LLC

The company employs 16 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. No 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.

Irwin Cunnie Loud has served as the Chief Investment Officer since 1 May 1999 and Andre Rice is the Chief Executive Officer of Muller & Monroe Asset Management,LLC family office. Shannon Lorraine Warland joined the executive team most recently as the Chief Compliance Officer/Cao.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Irwin Cunnie Loud Chief investment officer 1 May 1999 Other 4870979
Andre Rice Chief executive officer 1 Jul 1999 Other 726165
Rice Group Ltd. Member - common 1 Jul 1999 25% - 50% 36-3473647
Roy Jay Zuckerberg Member - preferred 1 Nov 2002 Other 477269
Michael Theodore Tokarz Member - preferred 1 May 2003 Other 4871594
Shannon Lorraine Warland Chief compliance officer/cao 1 Oct 2004 Other 4871590

Indirect Owners

The SEC currently registers 1 indirect owner.

Name Entity Date acquired Ownership Employer ID
Andre Rice Manager/member 1 Nov 1986 75% - 100% 726165

Based in Chicago

The principal office where Muller & Monroe Asset Management,LLC performs its advisory services is located at 180 N. Stetson Avenue, Chicago, IL 60601 6820, 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 312-782-7771 or by fax 312-782-9290. The normal business hours are 8:30 am - 5:30 pm on Monday - Friday. You can find more information about the New York firm at m2am.com/.