Ariel Investments, LLC is a large advisory firm based in Chicago. It manages $11.57 billion of regulatory assets for 203 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 48 other states.
Ariel Investments provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Ariel Investments, LLC is $11.57 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 63% since the beginning of its operation, and $758.39 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Ariel Investments, LLC for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, insurance companies, investment companies, charitable organizations, other investment advisers, high net worth individuals, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, state or municipal government entities, and sovereign wealth funds and foreign official institutions. The largest group of clients of Paget L Alves is investment companies with 4 clients and $4.02 billion of assets under management. Among the 11 most similar advisory firms, Ariel Investments has the 3rd highest percentage of investment companies out of all clients.
The amount of regulatory assets under management is $11.57 billion for 203 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.
Ariel Investments also advises several private funds. Namely, one other private fund. The minimum investment commitment required of non-related persons is $5,000,000 for each fund.
The company employs 79 people that are either part- or full-time employees. 29 percent of the employees work as investment advisers or researchers. 5 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Paget L Alves has been acting as President since 1 Jul 2019. K J Martijn Cremers joined the executive team most recently as the Director.
The principal office where Ariel Investments, LLC performs its advisory services is located at 200 East Randolph Street, Chicago, IL 60601, which is also the mailing address of the firm. An additional office of the firm is in New York, NY. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 312-726-0140 or by fax 312-726-7473. The normal business hours are m-f 7:30am - 7pm; sat 9am - 4pm; sun 10am - 4pm on Other. You can find more information about the New York firm at arielinvestments.com.