Satter Management Co., L.P. (Chicago)


Satter Management Co., L.P. is a large advisory firm based in Chicago. It manages $176.28 million of regulatory assets for 17 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdiction of Illinois.

Satter Management Co. provides portfolio management for individuals and small businesses and portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Satter Management Co.: assets under management

The assets under management (AUM) of Satter Management Co., L.P. is $176.28 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -35% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $176.28 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $10.37 million each.
Satter Management Co. has custody of $176.28 million in cash and securities for 17 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in non-exchange traded securities the most. They account for 57% of the total AUM. The second-largest asset type is exchange traded securities, which make up 43% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Satter Management Co., L.P. 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 Satter Management Co. serves?

The firm provides services to high net worth individuals and pooled investment vehicles. The largest group of clients of Satter Management Co. is pooled investment vehicles with 4 clients and $133.02 million of assets under management. Among the 9 most similar advisory firms, Satter Management Co. has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $164.97 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.

Satter Management Co. also advises several private funds. Namely, four private equity funds. The minimum investment commitment required of non-related persons ranges from $0 to $5,000,000.

Careers at Satter Management Co., L.P.

The company employs 3 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. No 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 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.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Llc Satter Management Co. Gp General partner 1 Nov 2016 Other 81-4128902
Muneer Ahmad Satter Managing partner 1 Nov 2016 Other 1874021
Llc Satter Investment Management Partner 1 Nov 2016 75% - 100% 45-5585132
Laura Gray Chief compliance officer, chief financial officer and chief operating officer 1 May 2017 Other 4885384

Indirect Owners

The SEC currently registers 3 indirect owners.

Name Entity Date acquired Ownership Employer ID
Muneer Ahmad Satter Trustee 1 Nov 2000 Other 1874021
Muneer A. Satter Revocable Trust Member 1 May 2012 75% - 100% xxx-xx-xxxx
Muneer A. Satter Revocable Trust Member 1 Nov 2016 75% - 100% xxx-xx-xxxx

Based in Chicago

The principal office where Satter Management Co., L.P. performs its advisory services is located at 676 North Michigan Ave., Chicago, IL 60611 2895, 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 312-448-5500 or by fax 312-448-5501. The normal business hours are 9:00 am to 5:00 pm on Monday - Friday.