Elementum Advisors, LLC (Chicago)

Elementum Advisors provides portfolio management for pooled investment vehicles and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Elementum Advisors: assets under management

The assets under management (AUM) of Elementum Advisors, LLC is $4.13 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 1118% since the beginning of its operation, and $4.1 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $4.13 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $258.25 million each.

Elementum Advisors has custody of $4.03 billion in cash and securities for 16 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in other assets the most. They account for 89% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 11% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Elementum Advisors, 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 Elementum Advisors serves?

The only and largest group of clients of Elementum Advisors is pooled investment vehicles with 7 clients and $2.04 billion of assets under management. Among the 10 most similar advisory firms, Elementum Advisors has the 5th lowest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $2.04 billion for 7 clients. 91% of the firm’s clients are foreign persons or businesses.

Elementum Advisors also advises several private funds. Namely, thirteen hedge funds. The minimum investment commitment required of non-related persons ranges from $100,000 to $1,000,000.

Careers at Elementum Advisors, LLC

The company employs 41 people that are either part- or full-time employees. 37 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.

Direct owners and executive officers

Indirect Owners

The SEC currently registers 9 indirect owners.

Based in Chicago

The principal office where Elementum Advisors, LLC performs its advisory services is located at 155 North Wacker Drive, 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 312-281-4688 or by fax 312-281-4648. The normal business hours are 9:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at elementumadvisors.com.

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