Wealth Management

  • Overview

    Calamos Wealth Management LLC is a SEC-Registered Investment Adviser providing investment advisory, asset management, wealth planning, peer networking and education programs to affluent families, foundations, family offices and institutions.

    By integrating and overseeing our services with those of our client's outside providers, Calamos Wealth Management helps clients arrive at the most comprehensive, dynamic solutions for meeting their current needs, achieving their long-term goals, and supporting their legacy.

  • Our Difference

    We are differentiated in the marketplace by providing wealth management services delivered with the personalized attention of a boutique family office while leveraging the vast resources, track-record, experience and intellectual capital of our global investment firm.

    • Our firm is backed by the capital and resources of a $26.5 Billion* global firm, the insight and wisdom of proven investors, and the expertise and attention of a tenured staff.
    • Our investment committee invests side-by-side with our clients and is comprised of experienced and successful investors who are principals of family controlled and publicly traded companies, advisory members of prominent endowments and foundations, and owners of substantial personal wealth.
    • We implement our clients' asset allocation through a combination of Calamos Advisor LLC offerings and solutions provided by carefully selected independent third party investment managers providing flexible, opportunistic and risk-managed portfolios for clients' global asset allocation needs.
    • Our firm offers its investors full transparency and is part of a publicly traded company which maintains its alignment with client interests by being majority-owned by Calamos interests.

    *Assets Under Management of $25 Billion as of September 30, 2014.

  • Our Team

    Our clients are serviced by a dedicated Relationship Manager, supported by an integrated team of wealth management experts. Relationship Managers draw upon Calamos' vast resources to develop customized solutions for each client's financial situation.

    Our wealth management service team includes professionals with experience in investment advisory, asset management, trust and estate law, financial and tax planning, research and analytics, and operations. Our number one goal is to protect and build our clients' wealth as we would our own.

    Our Team
  • Our Founder
    John P. Calamos, Sr.

    During a distinguished investment career spanning more than 40 years, John P. Calamos, Sr. has provided investors with innovative strategies for building and protecting wealth over market cycles. The roots of Calamos Wealth Management trace back to the difficult markets of the 1970s, when John developed breakthrough strategies which utilized convertible bonds to manage risks and enhance return potential. Convertibles were little known at the time, but John recognized the potential of these hybrid securities, which combined features of stocks and bonds.

    However, John's investment experience began far earlier. The son of a Greek immigrant, John grew up in Chicago, where he worked in his family's grocery store. When he was in his teens, he became interested in investing and convinced his parents to entrust him with a portion of their hard-earned nest egg. From these early days, John understood that his investment decisions carried with them great responsibility. He saw firsthand the effort that went into earning this money, and knew the implications of losing it.

    John's belief in the value of teamwork was solidified during his service as a member of the U.S. Air Force where he flew 900 combat missions during the Vietnam War, ultimately earning the rank of Major and a Distinguished Flying Cross. His early career molded Calamos Wealth Management's belief in teamwork.

    John's experience in the military also solidified his belief in being prepared and disciplined. His philosophy is that certain risks cannot be avoided, but through preparedness and discipline, they can be understood and managed. This philosophy has been a hallmark of our approach to help clients build and preserve wealth over the long term.

    Following his military service, John embarked on a career in investment management and research. Guided by entrepreneurial vision, he established his own company in 1977, which grew into a diversified global investment firm with capabilities in convertibles, equities, fixed-income and alternatives.

    In 2004, John took his firm public as Calamos Asset Management, Inc. (Nasdaq: CLMS). As chairman, chief executive officer and co-chief investment officer, he remains fully involved in the day-to-day and strategic operations. As a member of the Wealth Management Investment Committee, he participates in the portfolio oversight of clients and is actively involved with ongoing communication.

    John received his undergraduate degree in Economics and M.B.A. in Finance from the Illinois Institute of Technology. A well-recognized pioneer in risk-management strategies, he is the author of two books: Investing in Convertible Securities: Your Complete Guide to the Risks and Convertible Securities: the Latest Instruments, Portfolio Strategies, and Valuation Analysis Rewards, along with numerous articles in various financial journals. He is often quoted in the press and appears on television.

    John is an active philanthropist and committed to promoting education. He is a member of the Boards of Trustees of Illinois Institute of Technology and Benedictine University and is a member of the Board of Directors for the National Hellenic Museum in Chicago. He has been honored for his lifetime contributions by the Hellenic Bar Association.

  • Investment Committee

    Our Wealth Management Investment Committee meets regularly to ensure our client's asset allocation aligns with our analysis of the market environment, its risks and opportunities. The result is a solution that evolves by adapting to each client's needs and the changing investment landscape.

    John P. Calamos, Sr.

    John P. Calamos, Sr.

    Chairman, CEO, Global Co-CIO
    43 years of industry experience
    36 years at Calamos

    John P. Calamos, Sr., is chairman, chief executive officer and global co-chief investment officer of the firm he founded in 1977, and took public as Calamos Asset Management in 2004. A pioneer in investment strategies and techniques to help manage risk, Mr. Calamos created a reputation for using investment techniques to control risk, preserve capital and build wealth for clients over the long term.

    Mr. Calamos received his undergraduate degree in Economics and M.B.A. in Finance from the Illinois Institute of Technology. Joining the United States Air Force after graduation, he served as a combat pilot during the Vietnam War and ultimately earned the rank of Major. It was during his time in the Air Force that Mr. Calamos became intrigued by the risk management aspects of convertible bonds. By applying option price theory to the valuation of convertibles he was able to demonstrate the benefit of convertibles as part of an of investment strategy and began to attract institutional investors.

    Mr. Calamos won the Ernst & Young Entrepreneur Of The Year® award for the financial services sector, Lake Michigan Area program for 2006. He is a member of the Investment Analysts Society of Chicago. A frequent speaker at investment seminars and conferences, he has been often quoted as an authority on risk-managed investment strategies in Barron's, Fortune, Forbes, Pensions & Investments, Financial World, Nation's Business, The Wall Street Journal and on CNBC and Bloomberg Forum. Mr. Calamos has written two books: Investing in Convertible Securities: Your Complete Guide to the Risks and Rewards, and Convertible Securities: the Latest Instruments, Portfolio Strategies, and Valuation Analysis.

    Gary D. Black

    Gary Black

    Global Co-CIO
    20 years of industry experience

    Gary Black, Global Co-Chief Investment Officer of Calamos Investments, previously served as Chief Executive Officer, Chief Investment Officer, and founding member of Black Capital. Prior to that, he served as Chief Executive Officer of Janus Capital Group from January 2006 through July 2009, and as President and Chief Investment Officer from April 2004 to January 2006. Prior to joining Janus, Mr. Black was Chief Investment Officer of Global Equities at Goldman Sachs Asset Management, which he joined as a partner in June 2001. Prior to this role, Mr. Black headed GSAM's U.S. distribution efforts. Prior to joining Goldman Sachs, Mr. Black was Executive Vice President and head of Alliance Bernstein's global institutional business. He started his investment career in 1992 at Sanford C. Bernstein as a senior research analyst and was named top analyst in his sector for six consecutive years.

    Mr. Black earned an M.B.A. from Harvard Business School, and a B.S. Economics degree from the Wharton School of the University of Pennsylvania.

    Jim Baka

    Jim Baka

    President, Wealth Management
    22 years of industry experience
    10 years at Calamos

    Jim Baka is the President of Calamos Wealth Management and a member of the Investment Committee.

    With over 22 years of industry experience, Mr. Baka has served in various leadership roles at Calamos including the management of institutional services. In his current role, Mr. Baka oversees the Wealth Management Group, which provides wealth management services, including investment advisory, investment management and wealth planning to high net worth individuals, family offices, foundations, and endowments.

    Before joining Calamos, Mr. Baka was head of Fidelity Investment's Private Client Office in Chicago.

    Mr. Baka is on the Board of Directors at the Rush-Copley Foundation, serves as an Advisory Board Member of Fidelity's Institutional Wealth Services, and is a member of Vistage International and the Executive Club of Chicago. He received his Bachelor of Science in Finance and Management from Arizona State University and holds the following FINRA registrations: Series 7, 8, 24, 63, and 65.