Astraeus Advisers, LLC (Park Ridge)


Astraeus Advisers, LLC is a large advisory firm based in Park Ridge. It manages $903.28 million of regulatory assets for 629 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdiction of Illinois.

Astraeus Advisers provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Astraeus Advisers: assets under management

The assets under management (AUM) of Astraeus Advisers, LLC is $903.28 million. 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 $414.44 million in discretionary accounts and $488.84 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.76 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.24 million.
Astraeus Advisers has custody of $1.96 million in cash and securities for 2 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in cash and cash equivalents the most. They account for 60% of the total AUM. The second-largest asset type is exchange traded securities, which make up 28% of the firm’s portfolio. Investments in government bonds form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Astraeus Advisers, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Astraeus Advisers serves?

The only and largest group of clients of Astraeus Advisers is high net worth individuals with 14 clients and $903.28 million of assets under management. Among the 8 most similar advisory firms, Astraeus Advisers has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $903.28 million for 14 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.

Astraeus Advisers doesn't advise any private funds.

Careers at Astraeus Advisers, LLC

The company employs 9 people that are either part- or full-time employees. 22 percent of the employees work as investment advisers or researchers. 2 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
Christopher Francis Yannella Chief compliance officer, member 1 Oct 2008 75% - 100% 4539341

Based in Park Ridge

The principal office where Astraeus Advisers, LLC performs its advisory services is located at 300 S. Northwest Highway, Park Ridge, IL 60068, 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 (847) 825-2200 or by fax 312-602-3830. The normal business hours are 9:00 a.m.-5:00 p.m. cst on Monday - Friday. You can find more information about the New York firm at astraeusadvisers.com.

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