Laramar Multi Family Value Manager, LLC (Chicago)


Laramar Multi Family Value Manager, LLC is a large advisory firm based in Chicago. It manages $1.82 billion of regulatory assets for 30 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of Colorado and Illinois.

Laramar Multi Family Value Manager provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Laramar Multi Family Value Manager: assets under management

The assets under management (AUM) of Laramar Multi Family Value Manager, LLC is $1.82 billion. The firm's AUM has grown by 186% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $862.35 million in discretionary accounts and $960.54 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $143.72 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $40.02 million.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Laramar Multi Family Value Manager, LLC for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Laramar Multi Family Value Manager serves?

The only and largest group of clients of Laramar Multi Family Value Manager is pooled investment vehicles with 30 clients and $1.82 billion of assets under management. Among the 12 most similar advisory firms, Laramar Multi Family Value Manager has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $1.82 billion for 30 clients. None of the firm’s clients are foreign persons or businesses.

Laramar Multi Family Value Manager also advises several private funds. Namely, four real estate funds and two venture capital funds. The minimum investment commitment required of non-related persons ranges from $0 to $5,000,000.

Careers at Laramar Multi Family Value Manager, LLC

The company employs 19 people that are either part- or full-time employees. 63 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Keith Andrew Harris has served as the Chief Investment Officer since 1 May 2001. Valerie Quigley Clark joined the executive team most recently as the Vp Risk Management And Cco.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Jeffrey Scott Elowe President and ceo 1 Aug 1989 Other 6028173
Keith Andrew Harris Chief investment officer 1 May 2001 Other 6027565
Thomas John Klaess Chief operating officer 1 Nov 2004 Other 6027567
L.L.C. The Laramar Group Managing member 1 Dec 2005 75% - 100% 36-4425080
Steven Robert Boyack Svp asset management and business development 1 Feb 2006 Other 6027566
Bennett Paul Neuman Svp investments 1 Dec 2006 Other 6027564
Michael Marc Jason Cfo and cco 1 Aug 2010 Other 6026344
Scott William Mcmillan Senior vice president of accounting 1 Jul 2012 Other 6313898
Valerie Quigley Clark Vp risk management and cco 1 Feb 2017 Other 2035606

Indirect Owners

The SEC currently registers 1 indirect owner.

Name Entity Date acquired Ownership Employer ID
Jeffrey S. Elowe Revocable Trust Managing member 1 Jun 2011 75% - 100% 99-9999999

Based in Chicago

The principal office where Laramar Multi Family Value Manager, LLC performs its advisory services is located at 30 S. Wacker Drive, Chicago, IL 60606, which is also the mailing address of the firm. An additional office of the firm is in Denver, CO. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 312-879-7577 or by fax 866-337-8316. The normal business hours are 9:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at laramarinvestor.com.