Segall Bryant & Hamill (SBH) is a Chicago-based investment advisor that has amassed much industry recognition over the years. In March 2020, the firm won three Investor's Business Daily Best Mutual Fund Awards -- another addition to the firm's long list of accolades.
This fee-based investment advisor has well over $20 billion in assets under management (AUM) and ranks on our lists of top financial advisors in Chicago and the state of Illinois. Segall Bryant & Hamill also has offices in Denver; Naples, Florida; Chesterfield, Missouri; and Ardmore, Pennsylvania.
Segall Bryant & Hamill Background
SBH has been operating as a registered investment advisor (RIA) under the Securities and Exchange Commission (SEC) since 1994. CI Financial Corp., a diversified global asset and wealth management company, acquired SBH in April 2021. The firm remains under the leadership of CEO Philip L. Hildebrandt.
The wealth management team at SBH features chartered financial analysts (CFAs), certified financial planners (CFPs) and chartered investment counselors (CICs).
SBH is also a member of the National Futures Association.
Segall Bryant & Hamill Client Types and Minimum Account Sizes
SBH works with the following types of clients:
- Banks and thrift institutions
- Charitable organizations
- Corporate pension and profit-sharing plans
- Corporations
- Keogh plans
- Foundations and endowments
- Individuals
- Individual retirement accounts (IRAs)
- State and local governments (including pension funds)
- Partnerships
- Private investment funds
- Retirement plans
- Taft-Hartley plans
- Trusts, estates and custodians
- Registered investment companies
- Private funds
To establish a relationship with the firm, individual clients generally need a minimum investment of $1 million. However, the firm may alter or waive this requirement at its discretion. The firm also offers a wrap fee program with a $100,000 account minimum.
Services Offered by Segall Bryant & Hamill
SBH provides portfolio management services. Separately managed accounts are an option. Depending on factors like your risk tolerance and financial goals, it may use one or more of the following investing strategies:
| Equity Strategies | Fixed Income Strategies | Other Investment Strategies |
| Small Cap | Short-term Fixed Income | Balanced |
| Small Cap Value | Short-term Plus Fixed Income | Alternative Investments |
| Small Cap Value Select | Intermediate Fixed Income | Workplace Equality Index |
| Small Cap Growth | Municipal Fixed Income | |
| Smid Cap | Municipal - Short/Intermediate | |
| Workplace Equality | Municipal - Intermediate | |
| All Cap | Core Fixed Income | |
| All Cap Select | Core Plus Fixed Income | |
| Emerging Markets Small Cap | Quality High Yield Fixed Income | |
| Emerging Markets | Long-Term Fixed Income | |
| International Small Cap | ||
| Fundamental International Small Cap | ||
| Global Large Cap |
Segall Bryant & Hamill Investment Philosophy
In evaluating securities and choosing investment strategies, the firm applies qualitative, quantitative and fundamental methods of analysis. For sources of information, it uses various sources, including proprietary research.
Segall Bryant & Hamill Fees
SBH charges investment management fees as a percentage of assets under management (AUM). The percentage varies, depending on account size and investment strategy. Below, the firm’s current fee schedules:
Core Equity
| All Cap and Balanced | First $25 million - 0.55%; next $25 million - 0.45%; over $50 million - 0.30% |
| All Cap Select | First $25 million - 0.55%; next $25 million - 0.45%; over $50 million - 0.30% |
| Global All Cap | First $50 million - 0.65%; next $50 million - 0.55%; over $100 million - 0.50% |
| Workplace Equality | First $25 million - 0.50%; next $25 million - 0.45%; over $50 million - 0.40% |
| Smid Cap | First $10 million - 0.70%; next $15 million - 0.60%; more than $25 million - 0.55% |
| Small Cap | First $25 million - 0.80%; next $25 million - 0.70%; more than $50 million - 0.65% |
| Small Cap Growth (Growth Equity) | First $25 million - 0.80%; next $25 million - 0.70%; more than $50 million - 0.65% |
Value Equity
| Small Cap Value | First $25 million - 0.80%; next $25 million - 0.70%; over $50 million - 0.65% |
| Small Cap Select | First $25 million - 0.80%; next $25 million - 0.70%; over $50 million - 0.65% |
International Equity
| International Small Cap | First $50 million - 0.80%; next $50 million - 0.70%; over $100 million - 0.65% |
| Fundamental International Small Cap | First $50 million - 0.90%; next $50 million - 0.80%; over $100 million - 0.75% |
| International Smid Cap | First $50 million - 0.90%; next $50 million - 0.80%; over $100 million - 0.75% |
| Emerging Markets | First $50 million - 0.70%; next $50 million - 0.60% - more than $100 million - 0.55% |
| Emerging Markets Small Cap | First $50 million - 0.80%; next $50 million - 0.70%; more than $100 million 0.65% |
Fixed Income
| Intermediate | First $25 million - 0.25%; next $25 million - 0.20%; over $50 million - 0.15% |
| Core | First $25 million - 0.25%; next $25 million - 0.20%; over $50 million - 0.15% |
| Core Plus | First $25 million - 0.25%; next $25 million - 0.20%; over $50 million - 0.15% |
| Quality High Yield | First $10 million - 0.50%; next $10 million - 0.45%; over $20 million - 0.40% |
| Long Term/Liability Driven Investing | First $25 million - 0.25%; next $25 million - 0.20%; over $50 million - 0.15% |
| Short Term | First $25 million - 0.20%; over $25 million - 0.15% |
| Short Term Plus | First $25 million - 0.25%; over $25 million - 0.20% |
| Municipal | First $5 million - 0.25%; over $5 million - 0.20% |
| Municipal - Short/Intermediate | First $5 million - 0.25%; over $5 million - 0.20% |
| Municipal - Intermediate | First $5 million - 0.25%; over $5 million - 0.20% |
Wealth Management
| Equity and Balanced | First $3 million - 1.00%; next $7 million - 0.75%; more than $10 million - 0.50% ($10,000 annual minimum fee) |
| Fixed Income | All balances - 0.50% ($10,000 annual minimum fee) |
What to Watch Out For
Within the past 10 years, SBH has reported one disclosure against an advisory affiliate, but the disclosure concerned an issue that arose before the affilate began working with SBH. For the latest details, view the firm’s Form ADV on the official website of the Securities and Exchange Commission (SEC).
Some representatives of SBH are also representatives of Foreside Fund Services. In this other capacity, they earn commissions for recommending products in connection, which creates a potential conflict of interest. That said, SBH and its representatives must uphold their fiduciary duty to always work in the best interests of the client.
Opening an Account with Segall Bryant & Hamill
If you live near the Chicago area, you can visit the firm's headquarters or you can set up an appointment with an advisor by calling the firm at (800) 836-4265. You can also find the contact information for Segall Bryant & Hamill's other offices here.
Tips for Finding the Right Financial Advisor
- Have much less than $1 million to invest? You can find a financial advisor who works with clients at your asset level by using SmartAsset's financial advisor matching tool. It connects you with up to three advisors who serve your area based on your personal needs and preferences.
- Ask candidates who will be able to move money out of your account. This is important especially if your account is on a discretionary basis. Even though the advisor will be able to conduct transactions within your account, all transfers out of the account should have to be authorized by you.
All information was accurate as of the writing of this article.
