Stairway Partners, LLC (Chicago)
Stairway Partners, LLC is a large advisory firm based in Chicago. It manages $656.96 million of regulatory assets for 94 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of Florida, Illinois, Minnesota, and New Hampshire.
Stairway Partners provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and model portfolio delivery as sub-advisor. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
Stairway Partners: assets under management
The assets under management (AUM) of Stairway Partners, LLC is $656.96 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 2124% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
Investments
The firm invests in investment and business development companies the most. They account for 100% of the total AUM.Fees & Commissions
The advisory firm has a single stream of revenue. Clients pay Stairway Partners, 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 Stairway Partners serves?
The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Stairway Partners is pension and profit sharing plans with 7 clients and $500.62 million of assets under management. Among the 7 most similar advisory firms, Stairway Partners has the highest percentage of pension and profit sharing plans out of all clients.
The amount of regulatory assets under management is $656.96 million for 51 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.
Stairway Partners doesn't advise any private funds.
Careers at Stairway Partners, 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 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
Indirect Owners
The SEC currently registers 1 indirect owner.Based in Chicago
The principal office where Stairway Partners, LLC performs its advisory services is located at 209 South Lasalle Street, Chicago, IL 60604 1447, which is also the mailing address of the firm. An additional office of the firm is in Minneapolis, MN. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 630-371-2626 or by fax 312-763-2598. The normal business hours are 8:00 a.m.-5:00 p.m. on Monday - Friday. You can find more information about the New York firm at stairwaypartnersllc.com.
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