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Segall Bryant & Hamill Review

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This review was produced by SmartAsset based on publicly available information. The named firm and its financial professionals have not reviewed, approved, or endorsed this review and are not responsible for its accuracy. Review content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named firm and its financial professionals, and firms and financial professionals having business relationships with SmartAsset receive no special treatment or consideration in SmartAsset’s reviews. This page contains links to SmartAsset’s financial advisor matching tool, which may or may not match you with the firm mentioned in this review or its financial professionals.

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.

How Long $1mm Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about the cost of living in retirement for that location.

Least
Most
Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology We analyzed data on average expenditures for seniors, cost of living and investment returns to determine how many years of retirement a $1 million nest egg would cover in cities across America.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors. We then applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city. Using this data, SmartAsset calculated the average cost of living for retirees in the largest U.S. cities.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. Then, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would cover retirement expenses in each of the cities in our study. Cities where $1 million lasted the longest ranked the highest in the study.

Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research