Sheridan Road Advisors, LLC (Northbrook)

Name: Sheridan Road Advisors, LLC
Address: 707 Skokie Blvd, Northbrook, IL, 60062
Telephone: 847-205-9073

Sheridan Road Advisors, LLC is a large advisory firm based in Northbrook. It manages $2.86 billion of regulatory assets for 1,405 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 23 other states.

Sheridan Road Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and pension consulting services. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Sheridan Road Advisors: assets under management

The assets under management (AUM) of Sheridan Road Advisors, LLC is $2.86 billion. The firm's AUM has grown by 1308% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $361.49 million in discretionary accounts and $2.5 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $300.24 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $12.45 million.

Investments

The firm invests in investment and business development companies the most. They account for 94% of the total AUM. The second-largest asset type is exchange traded securities, which make up 3% of the firm’s portfolio. Investments in cash and cash equivalents form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Sheridan Road Advisors, LLC 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 Darren Dennis Caesar serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Darren Dennis Caesar is pension and profit sharing plans with 142 clients and $2.58 billion of assets under management. Among the 7 most similar advisory firms, Sheridan Road Advisors has the highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $2.86 billion for 1,301 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.

Sheridan Road Advisors doesn't advise any private funds.

Careers at Sheridan Road Advisors, LLC

The company employs 37 people that are either part- or full-time employees. 68 percent of the employees work as investment advisers or researchers. 25 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.

Darren Dennis Caesar has been acting as President since 1 Dec 2018. Christopher Abe Karam has served as the Chief Investment Officer since 1 Mar 2018 and Daniel Rees Bryant is the Chief Executive Officer of Sheridan Road Advisors, LLC family office. Elisabeth Marie Mays joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
James Trevor Oshaughnessy	Managing partner	1 Jan 2005	50% - 75%	2284652
Daniel Rees Bryant	Managing partner	1 Jan 2005	50% - 75%	2639924
James Trevor Oshaughnessy	Chief compliance officer	1 Aug 2010	50% - 75%	2284652
Daniel Rees Bryant	Chief executive officer	1 Mar 2018	50% - 75%	2639924
Christopher Abe Karam	Chief investment officer	1 Mar 2018	Other	3130298
James Trevor Oshaughnessy	Managing member	1 Mar 2018	50% - 75%	2284652
Kimberly Shaw Elliott	General counsel & chief compliance officer	1 Jul 2018	Other	4540273
James Trevor Oshaughnessy	President retirement and private wealth, central region	1 Dec 2018	Other	2284652
David Andrew Reich	Presidnt	1 Dec 2018	Other	4787396
Darren Dennis Caesar	Director	1 Dec 2018	Other	5796878
Michael Joseph Barone	Director	1 Dec 2018	Other	6621608
John Patrick Mcgrath	Director	1 Dec 2018	Other	6827287
Hub International Limited	Sole shareholder	1 Dec 2018	75% - 100%	75-3243028
Elisabeth Marie Mays	Chief compliance officer	1 Sep 2019	Other	1265976

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Hockey Intermediate Inc.	Owner	1 Oct 2013	75% - 100%	80-0951815

Based in Northbrook

The principal office where Sheridan Road Advisors, LLC performs its advisory services is located at 707 Skokie Blvd, Northbrook, IL 60062 The mailing address of the firm is 2300 Clayton Road, Suite 300, Concord, CA 94520. An additional office of the firm is in Greenwood Village, CO. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 847-205-9073. The normal business hours are 830am - 5pm on Monday - Friday. You can find more information about the New York firm at sheridanroad.com and its LinkedIn profile.