Stairway Partners, LLC
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Stairway Partners, LLC operates as an advisory company headquartered in Chicago, Illinois. The firm oversees $1.1 billion in assets under management across 102 client accounts, making it one of the bigger investment advisory firms in the country by assets under management (AUM). Stairway Partners, LLC has a small team, including 3 financial advisors. Stairway Partners, LLC is not a registered broker-dealer, meaning the firm cannot buy and sell securities for its own accounts as well as its clients' and instead must go through a broker-dealer company to do so. Securities are tradable fiscal assets like equities, bonds and options.
Stairway Partners, LLC oversees all of the firm's accounts on a discretionary basis. Discretionary management signifies that an investment advisor has the discretion to make transaction decisions for the client's account without needing to seek the client's consent. Stairway Partners, LLC's typical account size is $10.8 million. The typical advisor at Stairway Partners, LLC administers around 34 client accounts, placing it towards the middle in terms of personalization.
The firm's headquarters is at 209 South Lasalle Street, Chicago, Illinois 60604-1447. The company is legally allowed to serve investors across a few states, including Florida, Illinois, Minnesota and New Hampshire.
Assets Under Management
Number of Advisors
Stairway Partners, LLC by the Numbers
Fees charged by financial advisors largely are based on which services the firm provides the client. However, fees billed by the company typically consist of the following fee structure: asset-based. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the company.
Offered by 69% of firms
Percentage of AssetsShow 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.
Find one of the 21% of firms that offer this fee type
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
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 26% of firms that offer this fee type
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.
Find one of the 0% of firms that offer this fee type
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 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.
Find one of the 10% of firms that offer this fee type
Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.
Types of Clients
The company provides services to retail investors, high net worth investors, pension plans and charitable organizations. Out of its 102 accounts, Stairway Partners, LLC's biggest client type by number of accounts is high net worth investors, but it also serves 35 high-net-worth individuals. A high-net-worth individual is defined by the SEC as someone who has at least $750,000 under management or a net worth of more than $1.50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments). None of its accounts are represented by non-U.S. persons.
- High-Net-Worth Individuals* - 66.04%
- Other Individuals - 15.09%
- Corporations - 11.32%
- Charitable Organizations - 7.55%
* 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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Stairway Partners, LLC does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Stairway Partners, LLC
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