{ "crd_number": 120642, "slug": "altair-advisers-llc-chicago-il-120642", "primary_business_name": "ALTAIR ADVISERS, LLC", "legal_name": "ALTAIR ADVISERS, LLC", "dbas": [], "city": "Chicago", "state": "IL", "country": "United States", "cbsa_code": "16980", "metro": { "cbsa_code": "16980", "common_name": "Chicago", "msa_name": "Chicago-Naperville-Elgin, IL-IN", "path": "/advisors/il/chicago" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "2002-05-07", "years_registered": 24, "period": "2026-10-01", "filing_date": "2026-03-31", "carried_forward": false, "raum_total": 9759855198.0, "raum_discretionary": 5152558388.0, "raum_non_discretionary": 4607296810.0, "raum_band": "over_5b", "raum_band_label": "Over $5 billion", "total_employees": 75, "advisory_employees": 34, "client_count_bucket": null, "clients_by_type": { "charitable": { "raum": 1166189548.0, "count": 85 }, "individuals": { "raum": 403801473.0, "count": 479 }, "investment_companies": { "raum": 1421199615.0, "count": 1 }, "high_net_worth_individuals": { "raum": 6296448228.0, "count": 416 }, "pooled_investment_vehicles": { "raum": 0.0, "count": 1 }, "corporations_other_businesses": { "raum": 472216334.0, "count": 34 } }, "compensation_types": [ "fixed", "hourly", "percentage_of_aum" ], "advisory_activities": [ "financial_planning", "pension_consulting", "periodicals_newsletters", "portfolio_management_investment_companies", "portfolio_management_pooled_vehicles", "selection_of_other_advisers" ], "wrap_fee_participant": false, "disclosure_yes_count": 0, "states_registered": [ "AZ", "CA", "FL", "GA", "IL", "IN", "LA", "MI", "NH", "NY", "TX", "WI" ], "websites": [ "https://altairadvisers.com", "https://facebook.com/ALTAIRADVISERS", "https://instagram.com/ALTAIR_ADVISERS", "https://linkedin.com/COMPANY/ALTAIR-ADVISERS", "https://youtube.com/user/AltairAdvisers" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/120642", "city_as_filed": "CHICAGO", "url": "https://advisorcensus.com/firm/altair-advisers-llc-chicago-il-120642", "display_name": "Altair Advisers, LLC", "summary": "Altair Advisers, LLC is an SEC-registered investment advisory firm in Chicago, IL, registered since 2002, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated March 31, 2026.", "citation": "AdvisorCensus. Altair Advisers, LLC (CRD 120642): Form ADV filing data as of October 2026.", "registration_type_label": "SEC-registered investment adviser", "compensation_labels": [ "A percentage of assets under your management", "Hourly charges", "Fixed fees (other than subscription fees)" ], "advisory_activity_labels": [ "Financial planning services", "Portfolio management for investment companies (and business development companies)", "Portfolio management for pooled investment vehicles (other than investment companies)", "Pension consulting services", "Selection of other advisers (including private fund managers)", "Publication of periodicals or newsletters" ], "quick_answers": [ { "q": "How is Altair Advisers, LLC compensated?", "a": "On its Form ADV (Item 5.E, October 2026), Altair Advisers, LLC reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees)." }, { "q": "Where is Altair Advisers, LLC located?", "a": "Altair Advisers, LLC's principal office is in Chicago, IL, according to its Form ADV." }, { "q": "Is Altair Advisers, LLC registered with the SEC or a state?", "a": "Altair Advisers, LLC is an SEC-registered investment advisory firm, registered since 2002. Status as filed: Approved. CRD 120642." }, { "q": "How much does Altair Advisers, LLC manage?", "a": "Altair Advisers, LLC reports $9,759,855,198 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (53% discretionary)." }, { "q": "How have Altair Advisers, LLC's assets and staff changed since 2021?", "a": "In the Form ADV data for Altair Advisers, LLC: Regulatory assets under management: $6,024,307,243 in the October 2021 data and $9,759,855,198 in the October 2026 data, up 62%. Total employees: 53 in October 2021 and 75 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does Altair Advisers, LLC serve?", "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (479); high net worth individuals (416); charitable organizations (85)." }, { "q": "Which custodians does Altair Advisers, LLC use?", "a": "Altair Advisers, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. and Pershing Advisor Solutions LLC as custodians holding 10% or more of its separately managed account assets." }, { "q": "Does Altair Advisers, LLC report any disciplinary disclosures?", "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/120642" }, { "q": "What changed in Altair Advisers, LLC's recent Form ADV filings?", "a": "In the April 2026 filing data: Employees performing advisory functions went from 32 to 34. Regulatory assets under management went from $8,681,860,723 to $9,759,855,198 (+12%)." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 6024307243.0, "total_employees": 53, "filing_date": "2021-03-31" }, { "period": "2022-10-01", "regulatory_assets_under_management": 6683259970.0, "total_employees": 60, "filing_date": "2022-03-31" }, { "period": "2023-10-01", "regulatory_assets_under_management": 6014189352.0, "total_employees": 65, "filing_date": "2023-07-10" }, { "period": "2024-10-01", "regulatory_assets_under_management": 7386489664.0, "total_employees": 70, "filing_date": "2024-03-29" }, { "period": "2025-10-01", "regulatory_assets_under_management": 8681860723.0, "total_employees": 75, "filing_date": "2025-03-31" }, { "period": "2026-10-01", "regulatory_assets_under_management": 9759855198.0, "total_employees": 75, "filing_date": "2026-03-31" } ], "recent_changes": [ { "period": "2026-04-01", "period_label": "April 2026", "notes": [ "Employees performing advisory functions went from 32 to 34.", "Regulatory assets under management went from $8,681,860,723 to $9,759,855,198 (+12%)." ] } ], "fees_from_brochure": { "source": "Form ADV Part 2A brochure dated March 31, 2026", "tiers": [], "flat_rate": null, "stated_range": null, "stated_maximum": null, "account_minimum": null, "account_minimum_may_be_waived": false, "minimum_annual_fee": "$50,000", "figures": [ { "label": "Minimum annual fee", "statements": [ "Minimum annual fee: $50,000" ], "quotes": [ "Altair imposes a minimum annual fee of $50,000 which increases by 3% every four quarters. This minimum will be reduced under certain limited circumstances and/or certain long-time clients are “grandfathered” under a prior fee arrangement." ] } ], "quotes": [ "Altair imposes a minimum annual fee of $50,000 which increases by 3% every four quarters. This minimum will be reduced under certain limited circumstances and/or certain long-time clients are “grandfathered” under a prior fee arrangement." ], "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable." }, "custodians": [ { "name": "Charles Schwab & Co., Inc.", "name_as_filed": "CHARLES SCHWAB & CO., INC.", "affiliated": false }, { "name": "Pershing Advisor Solutions LLC", "name_as_filed": "PERSHING ADVISOR SOLUTIONS LLC", "affiliated": false } ], "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.", "markdown_url": "https://advisorcensus.com/firm/altair-advisers-llc-chicago-il-120642.md", "clients": [ { "type": "individuals", "label": "Individuals (other than high net worth individuals)", "count": 479, "fewer_than_5": false, "raum": 403801473.0 }, { "type": "high_net_worth_individuals", "label": "High net worth individuals", "count": 416, "fewer_than_5": false, "raum": 6296448228.0 }, { "type": "investment_companies", "label": "Investment companies", "count": 1, "fewer_than_5": false, "raum": 1421199615.0 }, { "type": "pooled_investment_vehicles", "label": "Pooled investment vehicles (other than investment companies and business development companies)", "count": 1, "fewer_than_5": false, "raum": 0.0 }, { "type": "charitable", "label": "Charitable organizations", "count": 85, "fewer_than_5": false, "raum": 1166189548.0 }, { "type": "corporations_other_businesses", "label": "Corporations or other businesses not listed above", "count": 34, "fewer_than_5": false, "raum": 472216334.0 } ], "disclosure_line": "Reports no disclosure items on Form ADV Item 11.", "disclosure_items": [], "indexable": true, "suppressed": false, "claimed": false, "enhanced": false, "provided_by_the_firm": null, "source": { "name": "Form ADV", "as_of": "2026-10-01", "iapd_url": "https://adviserinfo.sec.gov/firm/summary/120642", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }