{ "crd_number": 310335, "slug": "aon-advantage-funds-llc-chicago-il-310335", "primary_business_name": "AON ADVANTAGE FUNDS LLC", "legal_name": "AON ADVANTAGE FUNDS 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": "exempt", "registration_status": "ERA - Active", "registration_date": "2025-05-29", "years_registered": 1, "period": "2026-10-01", "filing_date": "2026-07-17", "carried_forward": false, "raum_total": null, "raum_discretionary": null, "raum_non_discretionary": null, "raum_band": "not_reported", "raum_band_label": "Not reported", "total_employees": null, "advisory_employees": null, "client_count_bucket": null, "clients_by_type": null, "compensation_types": [], "advisory_activities": [], "wrap_fee_participant": null, "disclosure_yes_count": 4, "states_registered": [], "websites": [ "https://aon.com/en/capabilities/risk-transfer/aon-advantage-funds" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/310335", "disclosure_items": [ { "item": "11.C(1)", "question": "Has the SEC or the CFTC ever found that the firm or an advisory affiliate made a false statement or omission?" }, { "item": "11.C(2)", "question": "Has the SEC or the CFTC ever found that the firm or an advisory affiliate was involved in a violation of SEC or CFTC regulations or statutes?" }, { "item": "11.C(4)", "question": "Has the SEC or the CFTC ever entered an order against the firm or an advisory affiliate in connection with investment-related activity?" }, { "item": "11.C(5)", "question": "Has the SEC or the CFTC ever imposed a civil money penalty on the firm or an advisory affiliate, or ordered the firm or an advisory affiliate to cease and desist from an activity?" } ], "city_as_filed": "CHICAGO", "url": "https://advisorcensus.com/firm/aon-advantage-funds-llc-chicago-il-310335", "display_name": "AON Advantage Funds LLC", "summary": "AON Advantage Funds LLC is an exempt reporting adviser in Chicago, IL, filing reports since 2025. Exempt reporting advisers do not report regulatory assets under management on Form ADV.", "citation": "AdvisorCensus. AON Advantage Funds LLC (CRD 310335): Form ADV filing data as of October 2026.", "registration_type_label": "Exempt reporting adviser", "compensation_labels": [], "advisory_activity_labels": [], "quick_answers": [ { "q": "Where is AON Advantage Funds LLC located?", "a": "AON Advantage Funds LLC's principal office is in Chicago, IL, according to its Form ADV; the August 2026 filing also lists 1 other office (Schedule D, Section 1.F)." }, { "q": "How does AON Advantage Funds LLC report to regulators?", "a": "AON Advantage Funds LLC is an exempt reporting adviser, filing reports since 2025. Exempt reporting advisers file a shorter Form ADV. Status as filed: ERA - Active. CRD 310335." }, { "q": "How have AON Advantage Funds LLC's assets and staff changed since 2021?", "a": "In the Form ADV data for AON Advantage Funds LLC: Regulatory assets under management: $100,001,000 in the October 2021 data and $268,000,000 in the October 2024 data, up 168%. Total employees: 9 in October 2021 and 11 in October 2024. Assets under management move with markets as well as with clients coming and going." }, { "q": "Does AON Advantage Funds LLC report any disciplinary disclosures?", "a": "Reports 4 disclosure items on Form ADV Item 11: yes answers to 11.C(1) (SEC or CFTC finding of a false statement or omission), 11.C(2) (SEC or CFTC finding of a violation), 11.C(4) (SEC or CFTC order), and 11.C(5) (SEC or CFTC civil money penalty or cease-and-desist order). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's public record on IAPD: https://adviserinfo.sec.gov/firm/summary/310335" }, { "q": "What changed in AON Advantage Funds LLC's recent Form ADV filings?", "a": "In the August 2026 filing data: Updated its list of owners and control persons (Schedule A)." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 100001000.0, "total_employees": 9, "filing_date": "2021-09-15" }, { "period": "2022-10-01", "regulatory_assets_under_management": 162500000.0, "total_employees": 13, "filing_date": "2022-03-31" }, { "period": "2023-10-01", "regulatory_assets_under_management": 268000000.0, "total_employees": 22, "filing_date": "2023-03-31" }, { "period": "2024-10-01", "regulatory_assets_under_management": 268000000.0, "total_employees": 11, "filing_date": "2024-03-29" }, { "period": "2025-10-01", "regulatory_assets_under_management": null, "total_employees": null, "filing_date": "2025-05-29" }, { "period": "2026-10-01", "regulatory_assets_under_management": null, "total_employees": null, "filing_date": "2026-07-17" } ], "recent_changes": [ { "period": "2026-08-01", "period_label": "August 2026", "notes": [ "Updated its list of owners and control persons (Schedule A)." ] } ], "fees_from_brochure": null, "custodians": [], "custodians_note": null, "markdown_url": "https://advisorcensus.com/firm/aon-advantage-funds-llc-chicago-il-310335.md", "clients": [], "disclosure_line": "Reports 4 disclosure items on Form ADV Item 11.", "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/310335", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }