Alley Company, LLC (Lake Forest)

Name: Alley Company, LLC
Address: 585 Bank Lane, Lake Forest, IL, 60045
Telephone: 847-482-0938

Alley Company, LLC is a large advisory firm based in Lake Forest. It manages $739.78 million of regulatory assets for 283 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Florida, Illinois, Minnesota, and Texas.

Alley Company provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Alley Company: assets under management

The assets under management (AUM) of Alley Company, LLC is $739.78 million. The firm's AUM has grown by 957% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $690.75 million in discretionary accounts and $49.03 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.51 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $6.13 million.

Alley Company has custody of $52.21 million in cash and securities for 19 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 87% of the total AUM. The second-largest asset type is investment and business development companies, which make up 10% 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 Alley Company, LLC for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Steven James Alley serves?

The firm provides services to individuals, insurance companies, charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of Steven James Alley is high net worth individuals with 77 clients and $330.28 million of assets under management. Among the 6 most similar advisory firms, Alley Company has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $399.9 million for 112 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.

Alley Company doesn't advise any private funds.

Careers at Alley Company, LLC

The company employs 5 people that are either part- or full-time employees. 60 percent of the employees work as investment advisers or researchers. 3 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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 receive compensation from other entities for client referrals.

Steven James Alley has been acting as President since 1 Mar 1998. Rik Willis Duryea joined the executive team most recently as the Managing Director.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Steven James Alley	President/chief compliance officer	1 Mar 1998	75% - 100%	1197753
Rik Willis Duryea	Managing director	1 Feb 2016	Other	2310257
Thomas Fisher Van Vuren	Managing director	1 Feb 2016	Other	4486604

Based in Lake Forest

The principal office where Alley Company, LLC performs its advisory services is located at 585 Bank Lane, Lake Forest, IL 60045, 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 847-482-0938 or by fax 847-482-1237. The normal business hours are 7:30 am to 5:30 pm on Monday - Friday. You can find more information about the New York firm at alleycompanyllc.com and its LinkedIn profile.