Old Rock Asset Management LLC (Chicago)

Name: Old Rock Asset Management LLC
Address: 159 East Walton Place, Chicago, IL, 60611
Telephone: 203-340-1041

Old Rock Asset Management LLC is a large advisory firm based in Chicago. It manages $153.97 million of regulatory assets for 52 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of Connecticut and Illinois.

Old Rock Asset Management 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.

Old Rock Asset Management: assets under management

The assets under management (AUM) of Old Rock Asset Management LLC is $153.97 million. The firm's AUM has grown by 308% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $141.98 million in discretionary accounts and $12 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.84 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $6 million.

Investments

The firm invests in exchange traded securities the most. They account for 53% of the total AUM. The second-largest asset type is state and local bonds, which make up 13% of the firm’s portfolio. Investments in other assets form 12% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Old Rock Asset Management LLC for their services and products based on a percentage of assets under management and hourly charges. 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 Old Rock Asset Management serves?

The firm provides services to insurance companies and high net worth individuals. The largest group of clients of Old Rock Asset Management is high net worth individuals with 10 clients and $110.02 million of assets under management. Among the 8 most similar advisory firms, Old Rock Asset Management has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $153.97 million for 11 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.

Old Rock Asset Management doesn't advise any private funds.

Careers at Old Rock Asset Management LLC

The company employs 2 people that are either part- or full-time employees. 50 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 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
John Wynkoop Russell	Ceo/chief compliance officer/managing member	1 Dec 2007	75% - 100%	1886614

Based in Chicago

The principal office where Old Rock Asset Management LLC performs its advisory services is located at 159 East Walton Place, Chicago, IL 60611, 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 203-340-1041. The normal business hours are 9am - 6pm on Monday - Friday. You can find more information about the New York firm at oldrockasset.com.