Altman Advisors, Inc (Chicago)

Name: Altman Advisors, Inc
Address: 233 S Wacker Dr., Suite 9750, Chicago, IL, 60606
Telephone: (312) 759-7810

Altman Advisors, Inc is a large advisory firm based in Chicago. It manages $233.72 million of regulatory assets for 550 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of California, Florida, Illinois, and Texas.

Altman Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and pension consulting services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Altman Advisors: assets under management

The assets under management (AUM) of Altman Advisors, Inc is $233.72 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 119% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $233.72 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $424.94 thousand each.

Altman Advisors has custody of $229 million in cash and securities for 137 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 39% of the total AUM. The second-largest asset type is state and local bonds, which make up 23% of the firm’s portfolio. Investments in investment and business development companies form 17% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Altman Advisors, Inc for their services and products based on a percentage of assets under management, hourly charges, and fixed 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 Altman Advisors serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Altman Advisors is high net worth individuals with 73 clients and $216.72 million of assets under management. Among the 9 most similar advisory firms, Altman Advisors has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $233.72 million for 145 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Altman Advisors doesn't advise any private funds.

Careers at Altman Advisors, Inc

The company employs 7 people that are either part- or full-time employees. 43 percent of the employees work as investment advisers or researchers. 3 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Benjamin Marcus Altman	President & chief executive officer	1 Jul 2016	75% - 100%	4249622
Richard Lee Berdelle	Chief compliance officer	1 Jul 2016	Other	5711608

Based in Chicago

The principal office where Altman Advisors, Inc performs its advisory services is located at 233 S Wacker Dr., Suite 9750, Chicago, IL 60606, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (312) 759-7810. The normal business hours are by appointment on Monday - Friday. You can find more information about the New York firm at altmanadvisors.com.