Altair Advisers, LLC
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Overview
Altair Advisers, LLC operates as a financial advisory company based in Chicago, Illinois. The company manages $6.0 billion in assets across 864 client accounts, placing it among the biggest financial advisory firms in the United States by assets under management (AUM). The firm has an average-sized team, including 30 financial advisors. Altair Advisers, LLC does not act as a registered broker-dealer, signifying that the company is not able to buy and sell securities for its own accounts as well as its clients' and instead must go through a broker-dealer company to do so. Securities are exchangable fiscal assets like stocks, bonds and options.
Altair Advisers, LLC manages most of the company's accounts on a discretionary basis. Discretionary management signifies that transaction choices for the client's account are made by an investment advisor without needing the customer's permission. It also manages 348 non-discretionary accounts totaling $3.6 billion in assets. The company oversees about $7.0 million for every customer account. The average financial advisor at Altair Advisers, LLC manages about 29 client accounts, placing it towards the middle in terms of personalization.
Altair Advisers, LLC's headquarters is located at 303 W. Madison St., Chicago, Illinois 60606. It is legally allowed to provide services to investors across 11 U.S. states and territories.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Altair Advisers, LLC by the Numbers
$6.0 billion
65
864
$7.0 million
Products and Services
Altair Advisers, LLC provides a number of services, including financial planning services, portfolio management for investment companies, pension consulting services, selection of other advisers and publication of newsletters. In the last financial year, Altair Advisers, LLC provided 51-100 of its accounts with financial planning services. It does not sell products or offer services apart from investment advice to its investment advisory clients.
Core Advisor Services
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Offered by 31% of firms
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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Offered by 3% of firms
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 vary depending on which services the firm provides the client. Fees billed by Altair Advisers, LLC likely include the following fee structures: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not provided by the firm.
Available
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Offered by 69% of firms
Percentage of Assets
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Offered by 21% of firms
Hourly
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Offered by 32% of firms
Fixed
Unavailable
Types of Clients
Altair Advisers, LLC does business with a number of different clients. Altair Advisers, LLC caters to retail investors, high net worth investors, investment companies, charitable organizations and corporations. Out of its 864 accounts, Altair Advisers, LLC's biggest client type is retail investors, but it also caters to 317 high-net-worth individuals. A high-net-worth individual is defined by the SEC as someone who has at least $750,000 under management or a net worth of at least $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the firm's customers are from outside of the U.S.
- High-Net-Worth Individuals* - 36.65%
- Other Individuals - 52.25%
- Corporations - 4.51%
- Charitable Organizations - 6.59%
* 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
Altair Advisers, LLC does not have any disclosures.
Please visit its Form ADV for more details.
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