Spiderrock Advisors, LLC
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Overview
Spiderrock Advisors, LLC is an advisory firm based in Chicago, Illinois. The firm controls $3.0 billion in assets under management across 1,411 accounts, placing it among the biggest investment advisory firms in the nation by assets under management (AUM). It has a small group, including 9 financial advisors. Spiderrock Advisors, 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 customers and instead has to go through a broker-dealer firm to do so. Securities are tradable financial assets such as bonds, options and equities.
Spiderrock Advisors, LLC oversees all of its accounts on a discretionary basis. Discretionary management signifies that an investment advisor has the discretion to make buy and sell decisions for the client's account without needing to seek the customer's approval. The firm oversees an average of $2.1 million for every customer account. The typical financial advisor at Spiderrock Advisors, LLC oversees around 157 client accounts.
The company's headquarters is located at 300 South Wacker Drive, Chicago, Illinois 60606. It is legally registered to provide services to customers across a number of states, including California, Illinois and Massachusetts.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Spiderrock Advisors, LLC by the Numbers
$3.0 billion
35
1,411
$2.1 million
Fee Structure
Fees for financial management typically are based on which services the firm provides the client. However, fees billed by the company typically consist of the following fee type: asset-based. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the firm.
Available
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Offered by 69% of firms
Percentage of Assets
Unavailable
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Find one of the 21% of firms that offer this fee type
Hourly
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Find one of the 1% of firms that offer this fee type
Commissions
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Find one of the 26% of firms that offer this fee type
Performance-based
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Find one of the 0% of firms that offer this fee type
Subscription
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Find one of the 32% of firms that offer this fee type
Fixed
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Find one of the 10% of firms that offer this fee type
Other
Types of Clients
Spiderrock Advisors, LLC manages money for a broad range of investors. The company caters to high net worth investors, investment companies, pooled investment vehicles, pension plans, other investment advisers and other. Out of its 1,411 accounts, Spiderrock Advisors, LLC's biggest client type by number of accounts is other investment advisers, but it also serves six high-net-worth individuals. The SEC defines a high-net-worth individual as someone who has at least $750,000 in AUM or a net worth of more than $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the company's accounts are from outside of the U.S.
- High-Net-Worth Individuals* - 31.58%
- Other Individuals - 0%
- Corporations - 68.42%
- 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
Spiderrock Advisors, LLC does not have any disclosures.
Please visit its Form ADV for more details.
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