Zacks Investment Management, Inc.
SEC-registered
Investment Adviser · Large ($10B–$100B)
CRD 110897
· SEC file 801-40592
· Chicago, IL
· zacksintelligence.com
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ADV data as of May 29, 2026
- Regulatory AUM
- $14.6B
- Discretionary
- $14.6B
- Clients
- 3,741
- Avg AUM / client
- $3.9M
- Accounts
- 12,368
- Employees
- 132
AUM over time
$2.0B
$14.6B
Feb 2012
Feb 2026
Annual snapshots from Form ADV filings · as of May 29, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 2,051 | $1.0B | 6.89% |
| High net worth individuals | 1,293 | $3.5B | 23.9% |
| Investment companies | 8 | $809M | 5.55% |
| Pooled investment vehicles (non-investment companies) | 2 | $14.1M | 0.1% |
| Pension and profit sharing plans | 111 | $175M | 1.2% |
| Charitable organizations | 2 | $28.5M | 0.2% |
| State or municipal government entities | 2 | $42.5M | 0.29% |
| Other investment advisers | 179 | $2.4B | 16.5% |
| Corporations and other businesses | 79 | $130M | 0.89% |
| Other | 14 | $6.5B | 44.5% |
Private funds (2)
Reported in Form ADV Section 7.B.(1), filing of May 2024 · $12.1M combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Zacks Panther Fund Lp | Hedge Fund | Illinois | $6.2M | 2 |
| Zacks Strategies Ii | Hedge Fund | Illinois | $5.9M | 3 |
Nonprofit clients
Charities that reported this firm as a top-paid contractor (investment services) on Form 990.
| Charity | Location | Period |
|---|---|---|
| Central States Joint Board Health & Welfare Trust Fund EIN 362376645 | Hillside, IL | 12/31/2024 |
Retirement plan clients
Plans that reported this firm as an investment service provider on Form 5500 Schedule C.
| Plan | Location | Plan year |
|---|---|---|
| United Assn Of Plumbers And Steamfitters 521 Pension Fund United Assn Of Plumbers And Steamfitters 521 Pension Fd | Ona, WV | 2024 |
| Local 18 Int'l Assoc. Of Heat & Frost Insulators & Allied Workers Supplemental Pension Fund Board Of Trustees Local 18 Int'l Heat & Frost Insulators | 2024 | |
| Cumberland, Md & Vicinity Building & Construction Employees Trust Fund Cumberland, Md & Vicinity Building & Construction Employees Trust Fun | 2024 | |
| I.U.O.E. Local 132 Pension Fund I.U.O.E. Local 132 Pension Fund | Huntington, WV | 2024 |
| Plumbers & Steamfitters Local 248 Pension Trust Plan Trustees Of Plumbers & Steamfitter Pension Trust Fund | 2024 | |
| Ibew 648 Pension Plan Ibew 648 Pension Plan | 2024 | |
| Ironworkers Laborers Pension Plan Of Cumberland Md Trustees Of Ironworkers Laborers Pension Plan Of Cumberland, Md | 2024 | |
| Tp Icap 401(k) Plan Tp Icap Americas Holdings Inc. | 2024 | |
| District Council 82 Painting Industry Pension Plan Trustees Of District Council 82 Painting Industry Pension Plan | 2024 | |
| United Anesthesia Services, P.C. 401(k) Plan United Anesthesia Services, P.C. | 2024 | |
| Delta 401(k) Retirement Plan For Pilots Delta Air Lines, Inc. | 2024 | |
| Sheet Metal Workers Local No. 4 Pension Plan Sheet Metal Workers Local No. 4 Pension Plan | 2024 | |
| United Airlines Pilot Retirement Account Plan United Airlines, Inc. | 2024 |
People (83)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Zacks, Leonard, Harvey | Director | Feb 1995 (32y) | Less than 5% | |
| Zacks, Francine, Ina | Trustee | Jun 2000 (26y) | GP / trustee / elected manager of The Greenwood Trust (indirect) | |
| Frank Christopher Lanza | Chief Compliance Officer | Feb 2008 (18y) | Less than 5% | |
| Ralph, Donald, Eugene | Chief Financial Officer | Jan 2011 (16y) | Less than 5% | |
| Zacks, Mitchel, Ethan | President | Jul 2019 (7y) | Less than 5% | |
| Michael Aurelio Jazo | Registered representative | May 2001 (25y) | ||
| Christian Shaun Whittemore | Registered representative | Apr 2002 (24y) | ||
| Brian Gordon Langenkamp | Registered representative | Apr 2004 (22y) | ||
| Paula Jayne Sauer | Registered representative | Dec 2004 (22y) | ||
| Herbert Lawrence Brown | Registered representative | Apr 2006 (20y) | ||
| Matthew Schaeffer | Registered representative | Jun 2006 (20y) | ||
| Joseph Bernard Peck | Registered representative | Oct 2006 (20y) | ||
| Wayne Edward Lockwood | Registered representative | Oct 2006 (20y) | ||
| Randy Herman Leclair | Registered representative | Nov 2006 (20y) | ||
| Gregory Curtis Huffman | Registered representative | Mar 2007 (19y) | ||
| Manish Jain | Registered representative | Oct 2007 (19y) | ||
| David Allen Kecskes | Registered representative | Jan 2008 (19y) | ||
| Jay Kevin Falini | Registered representative | Sep 2008 (18y) | ||
| Alexander Wallace Insley | Registered representative | Jan 2009 (18y) | ||
| Timothy Carter Harper | Registered representative | Apr 2009 (17y) | ||
| Christopher Michael Glass | Registered representative | Apr 2009 (17y) | ||
| Gregory Charles Murphy | Registered representative | Jul 2009 (17y) | ||
| Hugh Edward Ketchie | Registered representative | Jul 2010 (16y) | ||
| Jeffrey Clinton Haskin | Registered representative | Jan 2011 (16y) | ||
| David Alan Koty | Registered representative | Aug 2011 (15y) | ||
| Richard Stone Delio | Registered representative | Feb 2012 (14y) | ||
| Gregory John Karolich | Registered representative | Oct 2012 (14y) | ||
| Roman Kobrin | Registered representative | Jan 2015 (12y) | ||
| David Meyers | Registered representative | May 2015 (11y) | ||
| Brian Ray Vandenheuvel | Registered representative | Jul 2015 (11y) | ||
| Scott D Sprandel | Registered representative | Aug 2015 (11y) | ||
| Stephen Scott Philip | Registered representative | Jun 2016 (10y) | ||
| Brian J Levy | Registered representative | Dec 2016 (10y) | ||
| Edward Ryan Kipp | Registered representative | Apr 2017 (9y) | ||
| Charles Kenneth Sherburne | Registered representative | May 2017 (9y) | ||
| Brian Nielsen Mulberry | Registered representative | Jan 2018 (9y) | ||
| Danielle Dale | Registered representative | May 2018 (8y) | ||
| Kevin Louis Antosz | Registered representative | May 2018 (8y) | ||
| Wayne Andrew Hoffman | Registered representative | Jun 2018 (8y) | ||
| Mitchell Francis Conley | Registered representative | Jan 2019 (8y) | ||
| Koffi Antoine Toulaboe | Registered representative | Apr 2019 (7y) | ||
| Jared Wayne Napper | Registered representative | Jun 2019 (7y) | ||
| Noah Rife | Registered representative | Sep 2019 (7y) | ||
| Tracy K Martin | Registered representative | Oct 2019 (7y) | ||
| Gabriel Phillip Szymarek | Registered representative | Mar 2021 (5y) | ||
| Robert Joseph Macdonald | Registered representative | Apr 2021 (5y) | ||
| Nicholas Keith Lopez | Registered representative | Oct 2021 (5y) | ||
| Paul Dominic Mangiardi | Registered representative | Mar 2022 (4y) | ||
| Salvatore Esposito | Registered representative | Mar 2022 (4y) | ||
| Brian J Donovan | Registered representative | Mar 2022 (4y) | ||
| Elliot Andrew Salrin | Registered representative | Jul 2022 (4y) | ||
| Matthew Leonard Richard | Registered representative | Mar 2023 (3y) | ||
| James Thomas Begley | Registered representative | Mar 2023 (3y) | ||
| George Constantine Fludas | Registered representative | Aug 2023 (3y) | ||
| James Alexander Fives | Registered representative | Oct 2023 (3y) | ||
| Matthew Todd Glinsky | Registered representative | Dec 2023 (3y) | ||
| John Patrick Bouska | Registered representative | Jan 2024 (3y) | ||
| Michael James Caterina | Registered representative | Apr 2024 (2y) | ||
| Daniel August Powers | Registered representative | May 2024 (2y) | ||
| Logan Liam Johnston | Registered representative | May 2024 (2y) | ||
| Harold Lee Martin | Registered representative | Jun 2024 (2y) | ||
| Mathew Holmes Hackerd | Registered representative | Nov 2024 (2y) | ||
| Triston Rafael Navarro | Registered representative | Nov 2024 (2y) | ||
| Nathaniel Peter Feit | Registered representative | Dec 2024 (2y) | ||
| Christian Cody | Registered representative | Dec 2024 (2y) | ||
| James Lawrence Jones | Registered representative | Dec 2024 (2y) | ||
| Andre O Foy | Registered representative | Jan 2025 (2y) | ||
| Bradley Taylor Mendenhall | Registered representative | Jan 2025 (2y) | ||
| Michael William Sirianno | Registered representative | Jan 2025 (2y) | ||
| Michael John Roy | Registered representative | Sep 2025 (1y) | ||
| Sean Philbin | Registered representative | Oct 2025 (1y) | ||
| Christopher Nicholas Wallack | Registered representative | Oct 2025 (1y) | ||
| Seth Broderick Jennings | Registered representative | Nov 2025 (1y) | ||
| Kevin Leo Gaffey | Registered representative | Nov 2025 (1y) | ||
| Davis Charles Lipp | Registered representative | Dec 2025 (1y) | ||
| Matthew George Newton | Registered representative | Jan 2026 (1y) | ||
| Lawrence David Zerg | Registered representative | Jan 2026 (1y) | ||
| Kurt Allan Petricek | Registered representative | Feb 2026 (0y) | ||
| Tonio Crudele | Registered representative | Chartered Financial Consultant | Mar 2026 (0y) | |
| Bennett Kinkade | Registered representative | Mar 2026 (0y) | ||
| Robert John Alessandro | Registered representative | Apr 2026 (0y) | ||
| Nicholas James Demetral | Registered representative | Jun 2026 (0y) | ||
| Jacob Conger | Registered representative | Jun 2026 (0y) |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Zacks Investment Research, Inc. | Sole Shareholder | Mar 1995 | A | 75% or more |
| The Greenwood Trust | Shareholder | Jun 2000 | B | ≈ 56.25% – 100% via Zacks Investment Research, Inc. |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- The Greenwood Trust: 75% – 100% of Zacks Investment Research, Inc. × 75% – 100% direct ≈ 56.25% – 100% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (2, $12.1M gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Zacks Panther Fund Lp | Hedge Fund | $6.2M | $100K | 2 |
| Zacks Strategies Ii | Hedge Fund | $5.9M | $100K | 3 |
From Form ADV Section 7.B private fund reporting.
Retirement plans served (13)
| Plan | Sponsor | Participants | Plan assets | As of |
|---|---|---|---|---|
| United Assn Of Plumbers And Steamfitters 521 Pension Fund | United Assn Of Plumbers And Steamfitters 521 Pension Fd | 143 | $36.7M | 07/01/2024 |
| Local 18 Int'l Assoc. Of Heat & Frost Insulators & Allied Workers Supplemental Pension Fund | Board Of Trustees Local 18 Int'l Heat & Frost Insulators | 676 | $63.2M | 06/01/2024 |
| Cumberland, Md & Vicinity Building & Construction Employees Trust Fund | Cumberland, Md & Vicinity Building & Construction Employees Trust Fun | 217 | $64.3M | 05/01/2024 |
| I.U.O.E. Local 132 Pension Fund | I.U.O.E. Local 132 Pension Fund | 1,524 | $559M | 04/01/2024 |
| Plumbers & Steamfitters Local 248 Pension Trust Plan | Trustees Of Plumbers & Steamfitter Pension Trust Fund | 344 | $83.9M | 04/01/2024 |
| Ibew 648 Pension Plan | Ibew 648 Pension Plan | 456 | $90.0M | 03/01/2024 |
| Ironworkers Laborers Pension Plan Of Cumberland Md | Trustees Of Ironworkers Laborers Pension Plan Of Cumberland, Md | 182 | $18.9M | 01/01/2024 |
| Tp Icap 401(k) Plan | Tp Icap Americas Holdings Inc. | 1,323 | $599M | 01/01/2024 |
| District Council 82 Painting Industry Pension Plan | Trustees Of District Council 82 Painting Industry Pension Plan | 920 | $319M | 01/01/2024 |
| United Anesthesia Services, P.C. 401(k) Plan | United Anesthesia Services, P.C. | 472 | $200M | 01/01/2024 |
| Delta 401(k) Retirement Plan For Pilots | Delta Air Lines, Inc. | 14,981 | $15.9B | 01/01/2024 |
| Sheet Metal Workers Local No. 4 Pension Plan | Sheet Metal Workers Local No. 4 Pension Plan | 594 | $54.5M | 01/01/2024 |
| United Airlines Pilot Retirement Account Plan | United Airlines, Inc. | 17,444 | $16.8B | 01/01/2024 |
From Form 5500 service-provider disclosures.
Foundations & charities (1)
| Organization | Type | Assets | As of |
|---|---|---|---|
| Central States Joint Board Health & Welfare Trust Fund | Public charity | $80.8M | 12/31/2024 |
From IRS Form 990 investment-management-fee disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 05/29/2026 | 1.76 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Fixed fees
- • Performance-based fees
Services
- • Financial planning services
- • Portfolio management for individuals/small businesses
- • Portfolio management for investment companies
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
- • Other services
Custody
Reported custodians
- Charles Schwab & Co. $4.6B (32% of AUM) May 2026
- Fidelity Brokerage Services $3.6B (25% of AUM) May 2026
- LPL Financial $2.0B (14% of AUM) May 2026
- Wells Fargo $1.7B (12% of AUM) May 2026
- Folio Investments, Inc. $442M (6% of AUM) May 2023
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports it does not have custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: May 29, 2026.
View current Form ADV (SEC/IAPD) ↗