Spiderrock Advisors, LLC (Chicago)

Name: Spiderrock Advisors, LLC
Address: 300 South Riverside Plaza, Chicago, IL, 60606
Telephone: 312-256-9650

Spiderrock Advisors, LLC is a large advisory firm based in Chicago. It manages $1.03 billion of regulatory assets for 644 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Illinois, Massachusetts, and New Jersey.

Spiderrock Advisors provides advisory services for other investment advisers, pension funds and family offices. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Spiderrock Advisors: assets under management

The assets under management (AUM) of Spiderrock Advisors, LLC is $1.03 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 702% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.03 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.6 million each.

Investments

The firm invests in derivatives the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Spiderrock Advisors, LLC for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Spiderrock Advisors serves?

The firm provides services to other investment advisers and pension and profit sharing plans. The largest group of clients of Spiderrock Advisors is other investment advisers with 47 clients and $970.39 million of assets under management. Among the 12 most similar advisory firms, Spiderrock Advisors has the highest percentage of other investment advisers out of all clients.

The amount of regulatory assets under management is $980.39 million for 48 clients. None of the firm’s clients are foreign persons or businesses.

Spiderrock Advisors doesn't advise any private funds.

Careers at Spiderrock Advisors, LLC

The company employs 14 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There are 6 people 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.

Eric J Metz has served as the Chief Investment Officer since 1 Sep 2015. Michael J Kessling joined the executive team most recently as the Director Of Operations.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
George Orson Papa	Managing member	1 Jul 2014	Other	2595217
Edward Hayes Keiley	Chief compliance officer	1 Jul 2014	Other	2187781
Llc Spiderrock Holdings	Owner	1 Jul 2014	75% - 100%	26-2244343
Douglas Frank Bremer	Managing director	1 Jul 2014	Other	2607455
Patricia Ann Pokuta	Chief compliance officer	1 Sep 2015	Other	1544888
Eric J Metz	Chief investment officer	1 Sep 2015	Other	5511571
Eric Joseph Metz	Chief investment officer	1 Sep 2015	25% - 50%	5511571
Edwin Bruce Mumford	Chief financial officer	1 Aug 2016	Other	1470414
Craig Donald Iseli	Chief operating officer	1 Feb 2017	Other	5620710
Craig D Iseli	Chief operating officer	1 Feb 2017	Other	5620710
Brian Corby	Chief compliance officer	1 Jul 2017	Other	5688289
Brian Anthony Corby	Chief compliance officer	1 Jul 2017	Other	5688289
David Eugene Donnelly	Managing director	1 Nov 2017	Other	4688903
Michael J Kessling	Director of operations	1 Jan 2019	Other	4764516

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
George Orson Papa	Managing mamber	1 Jan 2013	75% - 100%	2595217

Based in Chicago

The principal office where Spiderrock Advisors, LLC performs its advisory services is located at 300 South Riverside Plaza, Chicago, IL 60606, 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 312-256-9650 or by fax 866-579-8803. The normal business hours are 08:00-16:00 on Monday - Friday. You can find more information about the New York firm at spiderrockadvisors.com.