Advisory Research, Inc.

David B. Heller is the President and Portfolio Manager at Advisory Research, Inc, an investment management firm founded in 1974 that manages over $5.6 billion in total assets in Chicago and St. Louis. In 2010, Piper Jaffray Companies of Minneapolis announced that it had completed its purchase of Advisory Research, Inc for $180.1 million in cash and $39.7 million in restricted stock. The combined company’s asset management business now has $12.4 billion of assets under management with 94 employees, including 42 investment professionals. Locations remain in Chicago and St. Louis, and though the main headquarters are now in Minneapolis. The Hellers have been active with Francis W. Parker School in Chicago, donating the funds for a new auditorium for the school, and they have started a community foundation called the Diane and David B. Heller Charitable Foundation that funds community education and health initiatives.