About | Free Trial

Last Update

2013-09-14T00:00:00.000Z

This profile was last updated on . .

Is this you? Claim your profile.

Background Information

Employment History

President

Lake Forest Open Lands Association

Institutional Sales Representative

Performance Trust Capital Partners LLC

Director of Sales

Performance Trust Capital Partners LLC

Institutional Bond Specialist

Performance Trust Capital Partners LLC

Product Specialist

PT Asset Management LLC

Managing Director

PT Asset Management LLC

Managing Director

Wayne Hummer Investments , LLC

Portfolio Manager

Wayne Hummer Investments , LLC

Managing Director

Lake Forest Capital Management Company

President

Lake Forest Capital Management Company

Affiliations

Board Member
Lake Forest Open Lands Association

Founder
PT Asset Management LLC

Director
Wayne Hummer Investments , LLC

Education

Ph.D.

Northwestern University

PhD

M.A.

Miami University

B.S.

Northwestern University

Web References (23 Total References)


Longtime Lake Forest resident and ...

gazebonews.com [cached]

Longtime Lake Forest resident and financial advisor James P. Richter was found guilty of Attempted Financial Exploitation of the Elderly on April 4 by the Lake County Circuit Court. According to public records, the Class A misdemeanor carries a sentence of 12 months conditional discharge including 100 hours of community service and a $500 contribution to a charity. He's also required to avoid all contact with the two senior citizens at the center of the case.

They're a married couple in their late-70s/early-80s who have lived in Lake Forest for 45 years and, they said, had been clients of Richter's since 1993. They spoke with GazeboNews on the condition of anonymity to raise awareness of the issue of exploitation of the elderly. GazeboNews called and emailed Richter and his attorney several times but were unable to get a comment from them.
The story of People vs. James P. Richter began in February 2010, when, according to Lake County Assistant State's Attorney Stephen Scheller, Richter asked the couple for a $45,000 loan, which they gave him. James P. Richter began in February 2010, when, according to Lake County Assistant State's Attorney Stephen Scheller, Richter asked the couple for a $45,000 loan, which they gave him.
...
Scheller said that in both cases, Richter signed promissory notes.
...
Richter has been involved in several local organizations and boards, including serving as the chairman of the Lake Forest Symphony Association, former president of the Lake Forest Open Lands Association, and treasurer at the First Presbyterian Church of Lake Forest.
Professionally, Richter has been an investment and asset manager for the better part of 30 years. According to an online bio, he was president of Lake Forest Capital Management from 1983 until 2003 when Wayne Hummer Investments, a subsidiary of Wintrust Wealth Management, acquired the company. (Parent company Wintrust Financial Corp. also controls Lake Forest Bank & Trust.) At Wayne Hummer, Richter was a managing director and senior portfolio manager until he retired in May 2011. He joined Bensman Group in the fall of 2012.
GazeboNews asked Wayne Hummer's parent company Wintrust Financial Corp. to comment on the guilty finding. Lisa Pattis, general counsel for Wintrust Financial Corp., stated, "It is our understanding that this matter relates to personal loans made by [the couple] to Mr. Richter.
...
To our knowledge, however, whatever happened between [the couple] and Mr. Richter was a personal matter and not related to Mr. Richter's employment with us."
In the fall of 2011, the couple contacted the Lake County State's Attorney's Office, which opened an investigation and eventually reached an agreement with Richter and his attorney, in which Richter pleaded to a misdemeanor if he paid the couple back in full, which he did, according to Scheller. He said that the amount of money involved would have warranted a felony charge if the money had not been repaid.
...
This isn't the first documented incident in which Richter is accused of requesting loans from an elderly client. According to public records, in April 2011, a civil complaint was filed against Richter in the Lake County Circuit Court on behalf of a then-75-year-old Lake Forest woman who said she loaned Richter $205,000 between 1992 and 1998. The complaint stated that the woman, a client of Richter's between 1992 and 1998 when he worked for Lake Forest Capital Management, had been diagnosed with Parkinson's Disease, which, according to the complaint, "impaired her ability to independently manage her property or financial resources.
...
Jim has given hundreds of hours of volunteer time to better our community. But that's not really an excuse. If there are other victims, whether of Mr. Richter or others, I hope that they will contact the police or the States Attorney.
...
I'm very sorry to learn about the level of distress to families and to Mr. Richter himself all this suggests.
This sad result is a blow to the whole community that has benefited in so many ways from the contributions of the Richter family. All of us, too, can reflect on the high premium we Lake Foresters put on our leaders to be successful in every way, "winners. We are privileged to live here and raise our families surrounded by open lands, rich culture, strong religious institutions, etc. As our sympathies with those who lost funds in these instances are felt, let us also not forget how much the Richter family and Jim in particular have done to make this a special place we can enjoy and be proud of.


Lake Forest Open Lands Association

www.lfola.org [cached]

James P. Richter, Vice President


Executive Team | Performance Trust Mutual Funds - Performance Trust Mutual Funds

www.ptiafunds.com [cached]

James Richter, CAIA

Managing Director
...
Jim was part of a two-man team that initially launched PTAM in 2008 and is now a Managing Director, Product Specialist with the firm. He has deep expertise in domestic fixed income, specifically structured credit, residential mortgage-backed and municipal bond securities.
Prior to launching PTAM, Jim was an institutional bond specialist with the firm's sister company, Performance Trust Capital Partners, LLC, starting in 1998. While in this position, he was part of a team that led the OCC (Office of the Comptroller of the Currency) and Federal Reserve Banks through the firm's comprehensive bond education program. Jim has spoken at industry conferences and has authored web-based curriculum for institutional investors.
Jim earned his Bachelor of Science in Business (Finance) from the University of Illinois at Chicago.
...
James Richter
Portfolio Management


Business Development | Performance Trust Mutual Funds - Performance Trust Mutual Funds

www.ptiafunds.com [cached]

Jim Richter

...
James P. Richter, CAIA
Managing Director
Jim was part of a two-man team that initially launched PTIA in 2008, and is now a Managing Director, Product Specialist with the firm. He has deep expertise in domestic fixed income, specifically structured credit, residential mortgage backed and municipal bond securities.
Prior to launching PTIA, Jim was an institutional bond specialist with the firm's sister company (PTCP) starting in 1998. While in this position, he was part of a team that led the OCC (Office of the Comptroller of the Currency) and Federal Reserve Banks through the firm's comprehensive bond education program. Jim has spoken at industry conferences and has authored web-based curriculum for institutional investors.
Jim earned his Bachelor of Science in Business (Finance) from the University of Illinois - Chicago.
...
James P. Richter, CAIA


Jim Richter - Director of ...

www.performancetrust.com [cached]

Jim Richter - Director of Sales Performance Trust Investment Advisors, LLC

Jim Richter is the Director of Sales at Performance Trust Investment Advisors, and leads the marketing and sales of funds offered by PTIA. He is passionate about helping investors outperform by applying a disciplined quantitative investment process.
Prior to joining PTIA, Jim worked at Performance Trust Capital Partners as an institutional sales representative. In 2003, Jim left the firm to start his own company which advised depository institutions on their fixed-income portfolios. In 2007, Jim rejoined Performance Trust Investment Advisors to focus on marketing and sales of funds.
Jim graduated from the University of Illinois-Chicago with a degree in Finance, and is Series 7 and 66 Licensed. He has spoken at national conferences sponsored by banking, financial management and regulatory organizations. He has written web-based training curriculum for institutional investors. Jim and his wife have 2 children and live in Kane County, Illinois.
...
Jim Richter Director of Sales

Similar Profiles

Other People with this Name

Other people with the name Richter

Tanja Richter
Wadena State Bank

Brian Richter
St. Sebastian's School

Jeffrey Richter
Millersville University

Charlotte Richter
Creative Coworking

Antonienette Richter
QUEEN CREEK HIGH SCHOOL

Browse ZoomInfo's Business Contact Directory by City

Browse ZoomInfo's
Business People Directory

Browse ZoomInfo's
Advanced Company Directory