Alternative Asset Management, LLC
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Overview
Alternative Asset Management, LLC is a financial advisory firm based in Two Prudential Plaza, 180 N Stetson Street, Chicago, Illinois, 60601. The firm is not a registered broker dealer, but it oversees $20.0 million in assets under management (AUM). The firm's AUM is distributed across three client accounts, all of which are managed on a discretionary basis. This implies that the firm's portfolio managers have the authority to execute investment transactions on behalf of their clients without prior approval.
The firm employs five financial advisors. In the previous fiscal year, the firm provided financial planning services to a small number of clients. The firm offers services such as portfolio management for pooled investment vehicles, portfolio management for institutional clients, and the selection of other advisors.
Alternative Asset Management, LLC employs various types of fee structures, including asset-based, fixed, and performance-based fees. The firm does not participate in a wrap fee program.
The firm engages with different types of investors, including business development companies, pooled investment vehicles, and corporations. The client type with the most accounts is corporations.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Alternative Asset Management, LLC by the Numbers
$20.0 million
5
3
$6.7 million
Products and Services
Alternative Asset Management, LLC provides multiple financial services, which can consist of portfolio management for pooled investment vehicles, portfolio management for institutional clients and selection of other advisers. In the prior financial year, the company provided financial planning services to 1-10 of its accounts. The firm does not sell products or offer services other than investment advice to its investment advisory customers.
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
Financial advisory fees depend on which services are offered. However, fees charged by the company likely are comprised of 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 company.
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 business development companies, pooled investment vehicles and corporations. Out of its three accounts, Alternative Asset Management, LLC's largest client group by number of accounts is corporations. None of the firm's 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
Alternative Asset Management, LLC 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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