Air Asset Management
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Overview
Air Asset Management operates as an advisory firm based in Chicago, Illinois. It administers $606.7 million in assets over 15 client accounts, making it one of the larger firms in the country by assets under management (AUM). The firm has a small team, including 5 financial advisors. Air Asset Management is not a registered broker-dealer, meaning the firm is not able to buy and sell securities for its own accounts as well as its customers' and instead is required to go through a broker-dealer firm to do so. Securities are exchangable fiscal assets such as options, bonds and equities.
Air Asset Management administers most of the firm's client assets in a discretionary manner. Discretionary management is a structure in which buy and sell choices for the client's account are made by a portfolio manager without needing to seek client permission. The company also has one non-discretionary accounts with a total of $5.1 million in AUM. The investment advisory firm oversees about $40.4 million in assets for each customer account. The average financial advisor at Air Asset Management oversees about three client accounts, placing it among the most individualized financial advisor firms in the country.
The firm's headquarters is located at 333 S. Wabash, Chicago, Illinois 60604. Air Asset Management is allowed to provide services to clients throughout 2 states, including Illinois and Missouri.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Air Asset Management by the Numbers
$606.7 million
14
15
$40.4 million
Products and Services
Air Asset Management provides a variety of services, which can include portfolio management for pooled investment vehicles, portfolio management for institutional clients and selection of other advisers. The firm does not sell products or offer services apart from investment advisory services to its investment advisory customers. The firm also has a number of financial industry affiliations, including with a commodity pool advisor.
Core Advisor Services
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Financial Planning Services
This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.
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Portfolio Management
This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.
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Market Timing Services
This is the practice of attempting to make short-term profits on investments by buying low and selling high.
Other Services
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Offered by 20% of firms
Selection of Other Advisors
This is the firm's assistance with choosing other advisors to work with who may have different specialties.
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Publication of Periodicals
This is the publication of various financial education materials.
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Educational Seminars/Workshops
This is the hosting of seminars or workshops to educate investors on financial concepts.
Fee Structure
Fees charged by financial advisors usually vary depending on which service is provided. Fee types billed by Air Asset Management can include the following fee structures: asset-based, fixed or performance-based. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the firm.
Available
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Offered by 69% of firms
Percentage of Assets
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Offered by 26% of firms
Performance-based
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Offered by 32% of firms
Fixed
Unavailable
Types of Clients
It caters to pooled investment vehicles and other investment advisers. Out of its 15 clients, Air Asset Management's biggest client type is pooled investment vehicles. None of its customers are represented by people from outside of the U.S.
- High-Net-Worth Individuals* - 0%
- Other Individuals - 0%
- Corporations - 100%
- Charitable Organizations - 0%
* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.
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Disclosures
Air Asset Management does not have any disclosures.
Please visit its Form ADV for more details.
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The content in this profile was updated by SmartAsset on 4/16/2023. All advisor details come from publicly available data, and we cannot guarantee the accuracy of the content. We are unable to make individual profile updates. If you want your profile removed temporarily or permanently, please contact profile-compliance@smartasset.com.
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