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RIA / WealthRegistered adviserindependent wealth managerSEC registeredRAUM 100m 1b

UHLMANN INVESTMENT MANAGEMENT, L.L.C.

CRD 118025

SKOKIE, IL

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Search this name across graphsid dfx:ria:bb54f9c1-13d1-0aff-21f3-424e51297f33

Data as of Mar 24, 2026 (this record's last observation) from federal regulator filings. Page built Sep 21, 2026, 3:26 AM UTC and rebuilt at most every 15 minutes.

Relationships: 34
Dated events: 6
On other graphs: 0
Observed: Sep 25, 2014 to Mar 24, 2026
43 observations

Across DFX

This entity has not been resolved onto another DFX graph by a shared identifier. A name match elsewhere would be a candidate, never an identity, and none is recorded.

Facts

fact = as filed or announced; derived = computed by DFX; estimate = a band, never a point

Firm class: independent wealth managerderivedprivate_client_share=0.96 fund_share=0.0 institutional_share=0.04 related_bd=true related_bank=false bd_reps=9.0
Regulatory AUM: $273MItem 5.F on the latest filing (2026-03-24); as reported, and an affiliate's assets may be counted again on its own filing
Discretionary RAUM: $233M
Private client RAUM: $261MderivedItem 5.D individuals plus high net worth individuals
Private client share: 96%derivedprivate client RAUM over total RAUM
Advisors on IAPD: 15
RAUM per advisor: $18.2Mderivedthe firm's RAUM over its IAPD headcount: a firm average, never a person's book
Employees: 11
Advisory employees: 9
Offices: 1Schedule D 1.F, beyond the principal office
Accounts: 460
Individual clients: 229
High net worth clients: 227
SEC number: 801-113188
CIK: 1035344
CRD: 118025
Filings on the tape: 43
First filed: Sep 25, 2014
Latest filed: Mar 24, 2026
Organised: Limited Liability Company, IL
Website: upsecurities.com

Advisors on IAPD

current investment adviser representatives on the IAPD individual feed, longest tenure first

Advisor	Designations	Branch	Years here	In industry	Prior firms	Dual registered
JAMES DANA BAER	n/a	CHICAGO, IL	25	25	n/a	yes
VERNON KELLEY ARMOUR	n/a	SKOKIE, IL	16	34	1	yes
MICHAEL COYLE DILLON	n/a	SKOKIE, IL	14	34	2	yes
TERRY MICHAEL FINKEL	n/a	SKOKIE, IL	13	40	2	yes
LAWRENCE MICHAEL DOODY	n/a	SKOKIE, IL \| Palm Desert, CA	13	39	4	yes
JAMES PATRICK KOZAK	n/a	SKOKIE, IL	8	34	5	yes
GORDON ELIOT FALLONE	n/a	Mill Valley, CA \| SKOKIE, IL	8	38	3	yes
ALAN ROBERT KONN	n/a	SKOKIE, IL	8	40	n/a	yes
MICHAEL DAVID HERRMANN	n/a	SKOKIE, IL	6	39	2	yes
WILLIAM JOHN LILLWITZ	Certified Financial Planner	SKOKIE, IL	5	13	1	yes
MICHAEL FITZGERALD DUNNE	n/a	SKOKIE, IL	4	14	1	yes
MAUREEN (NMN) MACKOWSKI	n/a	Castle Pines, CO \| SKOKIE, IL	0	43	3	yes
THOMAS JAMES LANGER	n/a	Jacksonville, FL \| SKOKIE, IL	0	15	4	yes
MATTHEW JAMES BARBERA	n/a	SKOKIE, IL	0	34	3	no
DAMIAN TYLER FERGUSON	n/a	SKOKIE, IL \| Jacksonville , FL	0	10	1	yes

Owners and control persons

Schedule A and B as filed; ownership codes are the form's bands (NA under 5%, A 5 to 10%, B 10 to 25%, C 25 to 50%, D 50 to 75%, E over 75%); people are listed as filed and never merged by name

Owner	Title	Ownership code	Control person	Acquired	First seen	Last seen
BAER, JAMES, DANA	Member	C	yes	11/2017	Sep 25, 2014	Mar 25, 2024
BAER, JAMES, DANA	President	Na	yes	04/2001	Sep 25, 2014	Mar 25, 2024
KONN, ALAN, ROBERT	MANAGING MEMBER	Na	yes	08/2007	Mar 31, 2022	Mar 25, 2024
KONN, ALAN, ROBERT	Member	C	yes	11/2017	Mar 31, 2022	Mar 25, 2024
UHLMANN PRICE SECURITIES, LLC	Owner	E	yes	12/2003	Sep 25, 2014	Mar 25, 2024
UPS HOLDINGS, L.L.C.	HOLDING COMPANY	E	yes	01/2018	Apr 9, 2018	Mar 25, 2024
DUNNE, MICHAEL, FITZGERALD	Cco	Na	no	08/2023	Aug 24, 2023	Mar 25, 2024

Affiliates (Item 7.A)

as filed on Item 7.A; a related person with a CRD on the graph links to its own page

Related person	Type	Class on the graph	Its RAUM	Control	Common control	State
UHLMANN PRICE SECURITIES, LLC	n/a	n/a	n/a	Y	yes	n/a

Offices

Schedule D 1.F offices beyond the principal office; street addresses are not published

City	State	Country	Employees	Also broker-dealer
Chicago	IL	United States	4	yes

Regulatory AUM by fiscal year

annual amendments (and the roster's annual snapshot) as filed; where a year was amended twice the later filing draws the line; showing 11 of 13

Fiscal year	Filed	RAUM	Discretionary	Employees	Advisory staff	Offices	Private funds	Fund GAV
2025	Mar 24, 2026	$273M	$233M	11	9	1	n/a	n/a
2024	Mar 24, 2025	$242M	$201M	11	9	1	n/a	n/a
2023	Mar 25, 2024	$237M	$191M	11	9	1	n/a	n/a
2022	Mar 30, 2023	$164M	$126M	11	9	1	n/a	n/a
2021	Mar 31, 2022	$159M	$100M	12	11	1	n/a	n/a
2020	Mar 22, 2021	$158M	$106M	13	11	1	n/a	n/a
2019	Jan 30, 2020	$110M	$65.1M	15	13	1	n/a	n/a
2018	Mar 1, 2019	$170M	$139M	15	13	1	n/a	n/a
2016	Feb 28, 2017	$43.0M	$25.0M	19	9	n/a	n/a	n/a
2015	Mar 17, 2016	$75.0M	$70.0M	18	13	n/a	n/a	n/a
2014	Mar 12, 2015	$80.0M	$75.0M	20	16	n/a	n/a	n/a

Advisor flows

derived: registrations beginning and ending at this CRD on IAPD, bulk corporate re-registrations excluded; the rate is departures over IAPD headcount

Joined, 12m	Left, 12m	Net, 12m	Departure rate, 12m	Joined, 90d	Left, 90d	Left, no destination yet	Joined, 36m	Left, 36m
4	0	4	0.0%	0	0	0	4	0

Growth

derived from consecutive annual filings; RAUM as reported

Latest fiscal year	RAUM	A year earlier	1y change	Three years earlier	3y CAGR	Employees	A year earlier	Offices	A year earlier
2025	$273M	$242M	13.0%	$164M	18.6%	11	11	1	1

Teams in

teams that arrived here from one firm together

Other firm	Advisors	First left	Last joined	From	Kind	Move type	Share of firm
PERPETUAL WEALTH CAPITAL MANAGEMENT, LLC	3	Mar 27, 2017	Feb 4, 2014	MERRILLVILLE, IN	Firm absorbed	Other	100.0%

Relationships

Registered with (25)

← DAMIAN TYLER FERGUSONAdvisorregistration: current employment
Jun 1, 2026 to presentfactForm ADV
← MATTHEW JAMES BARBERAAdvisorregistration: current employment
Mar 17, 2026 to presentfactForm ADV
← THOMAS JAMES LANGERAdvisorregistration: current employment
Jan 12, 2026 to presentfactForm ADV
← MAUREEN (NMN) MACKOWSKIAdvisorregistration: current employment
Oct 14, 2025 to presentfactForm ADV
← MICHAEL FITZGERALD DUNNEAdvisorregistration: current employment
Mar 8, 2022 to presentfactForm ADV
← WILLIAM JOHN LILLWITZAdvisorregistration: current employment
Jan 19, 2021 to presentfactForm ADV
← MICHAEL DAVID HERRMANNAdvisorregistration: current employment
Jul 2, 2020 to presentfactForm ADV
← ALAN ROBERT KONNAdvisorregistration: current employment
May 9, 2018 to presentfactForm ADV
← GORDON ELIOT FALLONEAdvisorregistration: current employment
Nov 21, 2017 to presentfactForm ADV
← JAMES PATRICK KOZAKAdvisorregistration: current employment
Nov 16, 2017 to presentfactForm ADV
← LAWRENCE MICHAEL DOODYAdvisorregistration: current employment
Sep 9, 2013 to presentfactForm ADV
← TERRY MICHAEL FINKELAdvisorregistration: current employment
Dec 3, 2012 to presentfactForm ADV
← MICHAEL COYLE DILLONAdvisorregistration: current employment
Jun 28, 2012 to presentfactForm ADV
← VERNON KELLEY ARMOURAdvisorregistration: current employment
Nov 2, 2009 to presentfactForm ADV
← JAMES DANA BAERAdvisorregistration: current employment
Sep 18, 2001 to presentfactForm ADV
← Glenn Scott SchwaljeAdvisorregistration: previous registration
Sep 12, 2022 to Aug 25, 2023factForm ADV
← JOHN P DILLONAdvisorregistration: previous registration
Dec 12, 2017 to Sep 17, 2020factForm ADV
← KIRK EUGENE RASCHERAdvisorregistration: previous registration
Jan 11, 2018 to Jan 13, 2020factForm ADV
← RONNY K MARKAdvisorregistration: previous registration
Feb 3, 2014 to Oct 19, 2016factForm ADV
← DANIEL PATRICK WACHSAdvisorregistration: previous registration
Dec 26, 2013 to Oct 19, 2016factForm ADV
← TODD ROBERT FINCANNONAdvisorregistration: previous registration
Feb 4, 2014 to Oct 19, 2016factForm ADV
← MATTHEW AARON LUSARDIAdvisorregistration: previous registration
Jan 22, 2016 to Feb 17, 2016factForm ADV
← ALAN FRANK DELCORSEAdvisorregistration: previous registration
Sep 3, 2009 to Dec 16, 2013factForm ADV
← MYLES WAGNERAdvisorregistration: previous registration
Oct 15, 2009 to May 21, 2013factForm ADV
← TOSHIE MIURAAdvisorregistration: previous registration
Oct 15, 2009 to Aug 11, 2010factForm ADV

Affiliated with (2)

← PRICE ASSET MANAGEMENT, LLCRegistered adviserother investment adviser, common control
factForm ADV
← PRICE ASSET MANAGEMENT, INC.Registered adviserother investment adviser, common control
factForm ADV

Controls (4)

← KONN, ALAN, ROBERTOwnerMEMBER, ownership code C, individual
Mar 31, 2022 to Mar 25, 2024factForm ADV
← UHLMANN PRICE SECURITIES, LLCOwnerOWNER, ownership code E, domestic entity
Sep 25, 2014 to Mar 25, 2024factForm ADV
← BAER, JAMES, DANAOwnerMEMBER, ownership code C, individual
Sep 25, 2014 to Mar 25, 2024factForm ADV
← UPS HOLDINGS, L.L.C.OwnerHOLDING COMPANY, ownership code E, domestic entity
Apr 9, 2018 to Mar 25, 2024factForm ADV

Owns (1)

← DUNNE, MICHAEL, FITZGERALDOwnerCCO, ownership code NA, individual
Aug 24, 2023 to Mar 25, 2024factForm ADV

Dated events

2 bookkeeping events (roster, classification and holdings changes) folded below

Occurred
Aug 25, 2023
Advisor changed firm
Glenn Scott Schwalje left Uhlmann Investment Management, L.L.C. for Financial Security Advisory Inc (registered 2024-01-12)
Form ADVobserved 6 days ago
Occurred
Mar 31, 2022
Control person joined
Robert Alan Konn (Managing Member) appeared on Schedule A of Uhlmann Investment Management, L.L.C.
Form ADVobserved 6 days ago
Occurred
Apr 9, 2018
First Form ADV filing
Uhlmann Investment Management, L.L.C. filed its initial SEC registration (Form ADV)
Form ADVobserved 6 days ago
Occurred
Apr 9, 2018
Regulatory AUM changed
Uhlmann Investment Management, L.L.C. reported RAUM $186.2M, up 233% from $56.0M (2017-07-24 to 2018-04-09)
Form ADVobserved 6 days ago
$130M

Show 2 bookkeeping events

First seen by DFX
Sep 18, 2026
date not stated
Gordon Eliot Fallone no longer holds an investment adviser registration (last listed at Uhlmann Investment Management, L.L.C. on the 2026-09-17 feed)
Occurred
Apr 9, 2018
Uhlmann Investment Management, L.L.C. reported 16 state-registered advisory representatives, up from 0 (2017-07-24 to 2018-04-09)

Provenance

Graph: RIA / Wealth Management
Canonical id: dfx:ria:bb54f9c1-13d1-0aff-21f3-424e51297f33
First observed: Sep 25, 2014
Last observed: Mar 24, 2026 6 months ago
Source families: Federal regulator filings
3 registered feeds stand behind this record; each fact above carries its own dates and, where the publisher serves one, its document.
Resolution: Identity across graphs by shared identifier (CRD, CIK, EIN, ADV fund id, individual CRD) or citation; a name match is shown as a candidate and never merged.

UHLMANN INVESTMENT MANAGEMENT, L.L.C.

CRD 118025

SKOKIE, IL

This is the graph view. The full profile, with its team, deals and sources, is on RIA / Wealth Management.Open the full profile →

Search this name across graphsid dfx:ria:bb54f9c1-13d1-0aff-21f3-424e51297f33

Data as of Mar 24, 2026 (this record's last observation) from federal regulator filings. Page built Sep 21, 2026, 3:26 AM UTC and rebuilt at most every 15 minutes.

Advisor

Designations

Branch

Years here

In industry

Prior firms

Dual registered

JAMES DANA BAER

n/a

CHICAGO, IL

n/a

yes

VERNON KELLEY ARMOUR

n/a

SKOKIE, IL

yes

MICHAEL COYLE DILLON

n/a

SKOKIE, IL

yes

TERRY MICHAEL FINKEL

n/a

SKOKIE, IL

yes

LAWRENCE MICHAEL DOODY

n/a

SKOKIE, IL | Palm Desert, CA

yes

JAMES PATRICK KOZAK

n/a

SKOKIE, IL

yes

GORDON ELIOT FALLONE

n/a

Mill Valley, CA | SKOKIE, IL

yes

ALAN ROBERT KONN

n/a

SKOKIE, IL

n/a

yes

MICHAEL DAVID HERRMANN

n/a

SKOKIE, IL

yes

WILLIAM JOHN LILLWITZ

Certified Financial Planner

SKOKIE, IL

yes

MICHAEL FITZGERALD DUNNE

n/a

SKOKIE, IL

yes

MAUREEN (NMN) MACKOWSKI

n/a

Castle Pines, CO | SKOKIE, IL

yes

THOMAS JAMES LANGER

n/a

Jacksonville, FL | SKOKIE, IL

yes

MATTHEW JAMES BARBERA

n/a

SKOKIE, IL

DAMIAN TYLER FERGUSON

n/a

SKOKIE, IL | Jacksonville , FL

yes

Owner

Title

Ownership code

Control person

Acquired

First seen

Last seen

BAER, JAMES, DANA

Member

yes

11/2017

Sep 25, 2014

Mar 25, 2024

BAER, JAMES, DANA

President

yes

04/2001

Sep 25, 2014

Mar 25, 2024

KONN, ALAN, ROBERT

MANAGING MEMBER

yes

08/2007

Mar 31, 2022

Mar 25, 2024

KONN, ALAN, ROBERT

Member

yes

11/2017

Mar 31, 2022

Mar 25, 2024

UHLMANN PRICE SECURITIES, LLC

Owner

yes

12/2003

Sep 25, 2014

Mar 25, 2024

UPS HOLDINGS, L.L.C.

HOLDING COMPANY

yes

01/2018

Apr 9, 2018

Mar 25, 2024

DUNNE, MICHAEL, FITZGERALD

Cco

08/2023

Aug 24, 2023

Mar 25, 2024

Related person

Type

Class on the graph

Its RAUM

Control

Common control

State

UHLMANN PRICE SECURITIES, LLC

n/a

yes

n/a

City

State

Country

Employees

Also broker-dealer

Chicago

United States

yes

Fiscal year

Filed

RAUM

Discretionary

Employees

Advisory staff

Offices

Private funds

Fund GAV

2025

Mar 24, 2026

$273M

$233M

n/a

2024

Mar 24, 2025

$242M

$201M

n/a

2023

Mar 25, 2024

$237M

$191M

n/a

2022

Mar 30, 2023

$164M

$126M

n/a

2021

Mar 31, 2022

$159M

$100M

n/a

2020

Mar 22, 2021

$158M

$106M

n/a

2019

Jan 30, 2020

$110M

$65.1M

n/a

2018

Mar 1, 2019

$170M

$139M

n/a

2016

Feb 28, 2017

$43.0M

$25.0M

n/a

2015

Mar 17, 2016

$75.0M

$70.0M

n/a

2014

Mar 12, 2015

$80.0M

$75.0M

n/a

Joined, 12m

Left, 12m

Net, 12m

Departure rate, 12m

Joined, 90d

Left, 90d

Left, no destination yet

Joined, 36m

Left, 36m

0.0%

Latest fiscal year

RAUM

A year earlier

1y change

Three years earlier

3y CAGR

Employees

A year earlier

Offices

A year earlier

2025

$273M

$242M

13.0%

$164M

18.6%

Other firm

Advisors

First left

Last joined

From

Kind

Move type

Share of firm

PERPETUAL WEALTH CAPITAL MANAGEMENT, LLC

Mar 27, 2017

Feb 4, 2014

MERRILLVILLE, IN

Firm absorbed

Other

100.0%