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- Custodian
- Broadridge · Charles Schwab & Company · JP Morgan · Pershing
- Clients
- Retail and Institutional
- Platforms
- Available in AdvizorPro
- Established Date
- 04-24-1997
- Office Locations
- 8
Office Locations
About Dearborn Partners L.l.c.
Dearborn Partners L.l.c. is a Chicago-based RIA with 8 offices. The firm has been operating for 29 years. Managing $2.7B in total assets under management, with 13 advisory representatives. They custody assets with Broadridge and Charles Schwab & Company.
Reported data analysis
What the numbers show
Between March 21, 2025 and March 23, 2026, reported AUM decreased 22.4%, from $3.5B to $2.7B.
Across 5 reported observations, AUM decreased 32.3% between March 24, 2022 and March 23, 2026, from $4.0B to $2.7B.
Of the latest reported AUM, 100.0% is discretionary and 0.0% is non-discretionary.
The firm reports 13 advisory representatives and 306 clients, or 23.5 clients per representative. That equates to $9.0M in reported AUM per client.
The profile lists 8 reported office locations and 29 years in operation. The source data was last updated on March 23, 2026. Figures reflect reported regulatory data and may not include subsequent changes.
Team overview
Additional firm insights
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Available data coverage
- Accredited Investors
- Asset Classes
- Custodian
- Fund Managers
- Industry Interests
- Investment Themes
- Investment Vehicles
- Services
- Technology
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The full Dearborn Partners L.l.c. record includes the detailed values behind these data categories, along with filters and export-ready prospecting fields.
Owner & Executives
MICHAEL B ANDELMAN
Managing Director, Principal & Portfolio Manager
- CRD
- --
- Ownership
- 25% but less than 50%
CAROL MILIUS LIPPMAN
Managing Director, Principal & Portfolio Manager
- CRD
- --
- Ownership
- 10% but less than 25%
Showing 2 of 6 owners & executives
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Roger Diaz
Director
- CRD
- #2238591
Matthew Thomas Guttosch
Partner
- CRD
- #7024802
Showing 2 of 17 contacts
Unlock allAssets Under Management
| Category | Assets | AVG. Account size |
|---|---|---|
| Discretionary | $2,741,716,548 | $1,290,827 |
| Non-Discretionary | $0 | -- |
| Total | $2,741,716,548 | $1,290,827 |
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Separately Managed Accounts
SMA allocation detail is available
Dearborn Partners L.l.c. has reported separately managed account data across 5 asset classes. AdvizorPro provides the associated asset values, allocation percentages, and exportable breakdown.
13F Holdings | Q2 2026
Review the latest reported holdings
Dearborn Partners L.l.c.'s 13F holdings detail is available for Q2 2026, including issuer, security class, CUSIP, ticker, portfolio weight, and reported value.