Harrison Street Advisors, LLC

CRD#157983
Investment Advisor Firm

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Overview

Harrison Street Advisors, LLC is a financial advisory company that has its headquarters in Chicago, Illinois. It manages $20.8 billion in assets over 12 accounts, placing it among the largest firms in the country by assets under management (AUM). The company has a large team, including 233 financial advisors. Harrison Street Advisors, LLC does not act as a registered broker-dealer, meaning the company cannot buy and sell securities for its accounts and those of its customers and instead has to go through a broker-dealer firm to do so. Securities are exchangable fiscal investments such as equities, bonds and options.

Harrison Street Advisors, LLC manages all of the company's client assets in a discretionary manner. Discretionary management signifies that buy and sell choices for the client's account are made by an investment advisor without requiring client permission. The advisory firm's typical account size is $1.7 billion. The average financial advisor at Harrison Street Advisors, LLC manages fewer than one client account, placing it among the most individualized financial advisor firms in the country.

The company's main office is at 444 West Lake Street, Chicago, Illinois 60606-0069. The company is registered to serve investors in the state of Illinois.

Assets Under Management

$20.8 billion

Number of Advisors

233

Disclosures

No

Office Location

444 West Lake Street
Chicago, IL 60606-0069

Harrison Street Advisors, LLC by the Numbers

Total Assets Under Management

$20.8 billion

National Average: $8.6 billion
Total Number of Employees

264

National Average: 64
Total Number of Accounts

12

National Average: 375,227
Average Account Size

$1.7 billion

National Average: $23.0 thousand
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Fee Structure

Financial management fees are based on which services are offered. However, fees charged by Harrison Street Advisors, LLC most likely include the following fee structures: asset-based, performance-based or other. The firm does not participate in a wrap fee program, in which the firm offers a bundle of services for a single fee.

Available

  • Offered by 69% of firms

    Percentage of Assets

    Show Explanation

    This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

  • Offered by 26% of firms

    Performance-based

    Show Explanation

    Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

  • Offered by 10% of firms

    Other

    Show Explanation

    Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

Unavailable

  • Find one of the 21% of firms that offer this fee type

    Hourly

    Show Explanation

    Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

  • Find one of the 1% of firms that offer this fee type

    Commissions

    Show Explanation

    Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

  • Find one of the 0% of firms that offer this fee type

    Subscription

    Show Explanation

    Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

  • Find one of the 32% of firms that offer this fee type

    Fixed

    Show Explanation

    Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

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Types of Clients

It provides services to pooled investment vehicles and corporations. Out of its 12 customers, Harrison Street Advisors, LLC's biggest client type is corporations. About 29% of the firm's accounts are non-U.S. persons.

  • 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

Harrison Street Advisors, LLC does not have any disclosures.

Please visit its Form ADV for more details.

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