Sterling Partners Equity Advisors LLC (Chicago)

Name: Sterling Partners Equity Advisors LLC
Address: 401 N. Michigan Ave, Chicago, IL, 60611
Telephone: 312-465-7000

Sterling Partners Equity Advisors LLC is a related adviser based in Chicago. It manages $23.83 million of regulatory assets for 32 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Illinois and Maryland.

Sterling Partners Equity Advisors provides portfolio management for individuals and small businesses 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.

Sterling Partners Equity Advisors: assets under management

The assets under management (AUM) of Sterling Partners Equity Advisors LLC is $23.83 million. The firm's AUM has grown by 27% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $22.71 million in discretionary accounts and $1.12 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $783.1 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $371.78 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 87% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 13% of the firm’s portfolio.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Sterling Partners Equity Advisors LLC for their services and products based on a percentage of assets under management. 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.

What kind of clients Sterling Partners Equity Advisors serves?

The only and largest group of clients of Sterling Partners Equity Advisors is high net worth individuals with 16 clients and $20.99 million of assets under management. Among the 4 most similar advisory firms, Sterling Partners Equity Advisors has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $20.99 million for 16 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.

Sterling Partners Equity Advisors doesn't advise any private funds.

Careers at Sterling Partners Equity Advisors LLC

The company employs 7 people that are either part- or full-time employees. 43 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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 don’t receive compensation from other entities for client referrals.

Kevin Eugene Silverman has served as the Chief Investment Officer since 1 Jan 2017. Jeffrey David Izenman joined the executive team most recently as the Managing Director.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Kevin Eugene Silverman	Chief investment officer	1 Jan 2017	Other	1132363
Jeffrey David Izenman	Managing director	1 Jan 2017	Other	2539305
Jeffrey William Elburn	Chief financial officer	1 Jan 2017	Other	4281264
Maury Avram Epstein	Chief compliance officer	1 Jan 2017	Other	6024125
Sterling Partners Investment Group Llc	Member	1 Jan 2017	50% - 75%	81-5044610
Elyssa Rae Fisher	Senior compliance officer	1 Jan 2017	Other	6929200
Roberta Lee Schwartz	Director of operations	1 Jan 2017	Other	6929218

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Steven Michael Taslitz	Member	1 Jan 2017	25% - 50%	2826397
Douglas Lee Becker	Member	1 Jan 2017	25% - 50%	2818438
Rudolf Christopher Hoehn Saric	Member	1 Jan 2017	25% - 50%	5351347

Based in Chicago

The principal office where Sterling Partners Equity Advisors LLC performs its advisory services is located at 401 N. Michigan Ave, Chicago, IL 60611, which is also the mailing address of the firm. An additional office of the firm is in Baltimore, MD. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 312-465-7000 or by fax 312-465-7001. The normal business hours are 8:30 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at spequityadvisors.com/.