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History of the Firm
Great Lakes Advisors formerly was a subsidiary (formed in 1987) of a major financial institution in Chicago. In 1990, management of the subsidiary, Raymond O. Wicklander, Jr., Edward J. Calkins, CFA, and Stephen W. Rost, purchased the business.
Raymond O. Wicklander, Jr., a founding partner, became Chairman Emeritus
on December 31, 2006. He remains an employee and a shareholder of Great
Lakes Advisors, Inc. In May of 2006, Thomas R. Kiley joined Great Lakes
as Managing Director, Business Development and Client Relations. As
Managing Director, Tom has joined the Management Committee with Ed
Calkins and Steve Rost, the other two founding partners of the firm.
Great Lakes Advisors is a registered investment advisor and has no other affiliations or joint ventures.
Since the beginning, we have managed equity, fixed income, and balanced portfolios for a wide variety of tax-exempt institutional clients and, more recently, wealthy individuals. Our philosophy is to approach our clients' investments in a manner intended to provide competitive returns while limiting volatility. We have done that through a consistently applied investment approach that is built upon a well-defined decision-making process. This practice has performed effectively through a wide variety of market climates.
We have also worked well in partnership with clients who desire socially responsible
and tax-sensitive investing. Our approach is customized to the needs and preferences of each client, allowing them to specify the types of corporations and/or industries that would be appropriate for their investments.
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