Options Solutions LLC
Answer a few questions and
get matched with an advisor.
Learn more about Options Solutions LLC
Overview
Options Solutions LLC is a financial advisory firm located in Chicago, Illinois. The company handles $129.7 million in assets under management over 32 customer accounts, making it a mid-tier firm in the country by assets under management (AUM). It has a small team, including 5 financial advisors. Options Solutions LLC does not act as a registered broker-dealer, signifying that the advisor is not able to buy and sell securities for its customers' and own accounts and instead must go through a broker-dealer company to do so. Securities are defined as tradable financial investments like equities, options and bonds.
Options Solutions LLC administers most of the company's accounts on a discretionary basis. Discretionary management signifies that a portfolio manager makes buy and sell decisions for the client's account without requiring the client's consent. The firm also manages two non-discretionary accounts totaling $33.8 million in AUM. The company's average account size is $4.1 million. The average financial advisor at Options Solutions LLC administers around six client accounts, making it one of the more personalized advisor firms in the country.
The firm's central office is located at 455 N Cityfront Plaza, Chicago, Illinois 60611. The company is legally permitted to provide services to clients throughout a number of states, including Illinois and Maryland.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Options Solutions LLC by the Numbers
$129.7 million
5
32
$4.1 million
Fee Structure
Fees for financial management typically are based on which services are provided. Fees charged by Options Solutions LLC most likely consist of the following fee types: asset-based or fixed. Options Solutions LLC does not provide a wrap fee program, in which the company offers a service bundle for a single fee.
Available
-
Offered by 69% of firms
Percentage of Assets
-
Offered by 32% of firms
Fixed
Unavailable
-
Find one of the 21% of firms that offer this fee type
Hourly
-
Find one of the 1% of firms that offer this fee type
Commissions
-
Find one of the 26% of firms that offer this fee type
Performance-based
-
Find one of the 0% of firms that offer this fee type
Subscription
-
Find one of the 10% of firms that offer this fee type
Other
Types of Clients
It works with high net worth investors and pooled investment vehicles. Out of its 32 clients, Options Solutions LLC's largest client type by number of accounts is high net worth investors, although it also manages money for 28 high-net-worth individuals. A high-net-worth individual is defined by the SEC as someone who has at least $750,000 in AUM or a net worth of more than $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the company's clients reside abroad.
- High-Net-Worth Individuals* - 93.33%
- Other Individuals - 0%
- Corporations - 6.67%
- 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.
Find an advisor who will work directly with you
Sometimes a big firm may not be able to give you the one-on-one service that you need. That's where we come in to help match you with great personal financial advisors. Click here to find your advisor matches today.
Disclosures
Options Solutions LLC does not have any disclosures.
Please visit its Form ADV for more details.
Find a financial advisor near you
If you're interested in working with an advisor closer to you, we can help you find one. Click here to find your advisor matches today.
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.
The named financial professional and firm have not reviewed, approved, or endorsed this profile and are not responsible for its accuracy. Profile content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named financial professional and firm. Financial professionals and firms having business relationships with SmartAsset receive no special treatment or consideration in SmartAsset’s profiles.
This profile may include a firm or advisor that has a business relationship with SmartAsset, in which SmartAsset is compensated for lead referrals. SmartAsset is not a client of the aforementioned firms or advisors. SmartAsset did not receive compensation for including any of the firms or advisors in the aforementioned profile.
This page contains links to SmartAsset’s financial advisor matching tool, which may or may not match you with the advisor or firm mentioned in this profile. The matching tool does not include all available advisors and firms and matches based on specific criteria (investable assets, geography, and willingness to work with a remote advisor).
Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the certification marks CFP® and CERTIFIED FINANCIAL PLANNER™ in the United States, which it authorizes the use of by individuals who successfully complete CFP Board’s initial and ongoing certification requirements.