Periscope Equity LLC
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Overview
Periscope Equity LLC is a financial advisor company based in Chicago, Illinois. It administers $446.7 million in assets under management across six accounts, making it one of the larger investment advisory firms in the United States by assets under management (AUM). The firm has a small group, including 12 financial advisors. Periscope Equity LLC does not act as a registered broker-dealer, signifying that the advisor cannot buy and sell securities for its accounts and those of its clients and instead must go through a broker-dealer company to do so. Securities are defined as tradable fiscal investments like bonds, stocks and options.
Periscope Equity LLC administers all of the firm's client assets in a discretionary manner. Discretionary management is a structure in which an investment advisor has the discretion to make buy and sell judgments for the client's account without needing to seek the customer's approval. The advisory firm manages an average of $74.5 million in assets for every client account. The average advisor at Periscope Equity LLC administers fewer than one client account, making it one of the most personalized firms in the country.
Periscope Equity LLC's main office is located at One North Wacker Drive, Chicago, Illinois 60606. The firm is legally registered to serve customers in the state of Illinois.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Periscope Equity LLC by the Numbers
$446.7 million
13
6
$74.5 million
Fee Structure
Fees for financial management largely depend on which services are provided. However, fees charged by the company likely include any blend of the following fee types: asset-based, performance-based or other. The company does not participate in a wrap fee program, in which the firm offers a bundle of services for a comprehensive fee.
Available
-
Offered by 69% of firms
Percentage of Assets
-
Offered by 26% of firms
Performance-based
-
Offered by 10% of firms
Other
Unavailable
Types of Clients
The firm caters to pooled investment vehicles. Out of its six customers, Periscope Equity LLC's largest client type is pooled investment vehicles. None of the firm's customers are represented by 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
Periscope Equity LLC does not have any disclosures.
Please visit its Form ADV for more details.
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