{
  "crd_number": 295508,
  "slug": "faircourt-partners-llc-lake-bluff-il-295508",
  "primary_business_name": "FAIRCOURT PARTNERS, LLC",
  "legal_name": "FAIRCOURT PARTNERS, LLC",
  "dbas": [],
  "city": "Lake Bluff",
  "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": "2018-04-27",
  "years_registered": 8,
  "period": "2026-10-01",
  "filing_date": "2026-05-04",
  "carried_forward": false,
  "raum_total": 3120614420.0,
  "raum_discretionary": 2667666699.0,
  "raum_non_discretionary": 452947721.0,
  "raum_band": "1b_5b",
  "raum_band_label": "$1 billion to $5 billion",
  "total_employees": 4,
  "advisory_employees": 4,
  "client_count_bucket": null,
  "clients_by_type": {
    "individuals": {
      "raum": 1599781.0,
      "count": 5
    },
    "pension_profit_sharing": {
      "raum": 3093378829.0,
      "count": 85
    },
    "high_net_worth_individuals": {
      "raum": 25635810.0,
      "count": 7
    }
  },
  "compensation_types": [
    "fixed",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "educational_seminars",
    "pension_consulting",
    "periodicals_newsletters",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "IL",
    "MN"
  ],
  "websites": [
    "https://facebook.com/faircourtpartners",
    "https://faircourtpartners.com",
    "https://instagram.com/faircourtpartners",
    "https://linkedin.com/company/faircourt-partners/about"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/295508",
  "city_as_filed": "LAKE BLUFF",
  "url": "https://advisorcensus.com/firm/faircourt-partners-llc-lake-bluff-il-295508",
  "display_name": "Faircourt Partners, LLC",
  "summary": "Faircourt Partners, LLC is an SEC-registered investment advisory firm in Lake Bluff, IL, registered since 2018, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated May 4, 2026.",
  "citation": "AdvisorCensus. Faircourt Partners, LLC (CRD 295508): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Fixed fees (other than subscription fees)"
  ],
  "advisory_activity_labels": [
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for businesses (other than small businesses) or institutional clients",
    "Pension consulting services",
    "Selection of other advisers (including private fund managers)",
    "Publication of periodicals or newsletters",
    "Educational seminars/workshops"
  ],
  "quick_answers": [
    {
      "q": "How is Faircourt Partners, LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Faircourt Partners, LLC reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees)."
    },
    {
      "q": "Where is Faircourt Partners, LLC located?",
      "a": "Faircourt Partners, LLC's principal office is in Lake Bluff, IL, according to its Form ADV."
    },
    {
      "q": "Is Faircourt Partners, LLC registered with the SEC or a state?",
      "a": "Faircourt Partners, LLC is an SEC-registered investment advisory firm, registered since 2018. Status as filed: Approved. CRD 295508."
    },
    {
      "q": "How much does Faircourt Partners, LLC manage?",
      "a": "Faircourt Partners, LLC reports $3,120,614,420 in regulatory assets under management in its Form ADV filing dated May 4, 2026 (85% discretionary)."
    },
    {
      "q": "How have Faircourt Partners, LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Faircourt Partners, LLC: Regulatory assets under management: $1,101,623,020 in the October 2021 data and $3,120,614,420 in the October 2026 data, up 183%. Total employees: 3 in October 2021 and 4 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Faircourt Partners, LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: pension and profit sharing plans (but not the plan participants or government pension plans) (85); high net worth individuals (7); individuals (other than high net worth individuals) (5)."
    },
    {
      "q": "Which custodians does Faircourt Partners, LLC use?",
      "a": "Faircourt Partners, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Faircourt Partners, 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/295508"
    },
    {
      "q": "Does Faircourt Partners, LLC state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated May 4, 2026 says: \"The minimum account size is typically $1 million, however, Faircourt reserves the right to negotiate the minimum investment amount with the client and may have accounts where the initial investment is less than $1 million.\""
    },
    {
      "q": "What changed in Faircourt Partners, LLC's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Employees performing advisory functions went from 3 to 4. Regulatory assets under management went from $2,446,544,975 to $3,120,614,420 (+28%)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 1101623020.0,
      "total_employees": 3,
      "filing_date": "2021-03-29"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 1473665700.0,
      "total_employees": 3,
      "filing_date": "2022-03-25"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 1572582256.0,
      "total_employees": 3,
      "filing_date": "2023-03-30"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 2063493500.0,
      "total_employees": 3,
      "filing_date": "2024-03-27"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 2446544975.0,
      "total_employees": 3,
      "filing_date": "2025-04-02"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 3120614420.0,
      "total_employees": 4,
      "filing_date": "2026-05-04"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 3 to 4.",
        "Regulatory assets under management went from $2,446,544,975 to $3,120,614,420 (+28%)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated May 4, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": "$1,000,000",
    "account_minimum_may_be_waived": true,
    "minimum_annual_fee": null,
    "planning_fees": [],
    "figures": [
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: $1,000,000 (the brochure says it may be waived or negotiated)"
        ],
        "quotes": [
          "The minimum account size is typically $1 million, however, Faircourt reserves the right to negotiate the minimum investment amount with the client and may have accounts where the initial investment is less than $1 million."
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": 1000000.0,
      "minimum_annual_fee": null,
      "planning": []
    },
    "quotes": [
      "The minimum account size is typically $1 million, however, Faircourt reserves the right to negotiate the minimum investment amount with the client and may have accounts where the initial investment is less than $1 million."
    ],
    "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
    }
  ],
  "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/faircourt-partners-llc-lake-bluff-il-295508.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 5,
      "fewer_than_5": false,
      "raum": 1599781.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 7,
      "fewer_than_5": false,
      "raum": 25635810.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 85,
      "fewer_than_5": false,
      "raum": 3093378829.0
    }
  ],
  "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/295508",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}