Alera Investment Advisors, LLC (Deerfield)

Name: Alera Investment Advisors, LLC
Address: Three Parkway North, Deerfield, IL, 60015 2567
Telephone: (847) 457-3000

Alera Investment Advisors, LLC is a large advisory firm based in Deerfield. It manages $628.88 million of regulatory assets for 2,074 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Alaska, Arizona, California, and 21 other states.

Alera Investment Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and educational seminars and workshops. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Alera Investment Advisors: assets under management

The assets under management (AUM) of Alera Investment Advisors, LLC is $628.88 million. The firm's AUM has grown by 18% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $592.27 million in discretionary accounts and $36.61 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $340.38 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $109.62 thousand.

Alera Investment Advisors has custody of $126.5 million in cash and securities for 121 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 52% of the total AUM. The second-largest asset type is exchange traded securities, which make up 27% of the firm’s portfolio. Investments in cash and cash equivalents form 16% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Alera Investment Advisors, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Alera Investment Advisors serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of Alera Investment Advisors is high net worth individuals with 132 clients and $302.25 million of assets under management. Among the 10 most similar advisory firms, Alera Investment Advisors has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $628.88 million for 1,407 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.

Alera Investment Advisors doesn't advise any private funds.

Careers at Alera Investment Advisors, LLC

The company employs 66 people that are either part- or full-time employees. 85 percent of the employees work as investment advisers or researchers. 53 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 compensates employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.

Krista Lyn Bommarito joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Alera Group	Managing member / parent company	1 Apr 2017	75% - 100%	82-1301701
Krista Lyn Bommarito	Chief compliance officer	1 Sep 2017	Other	3273672
Richard Scott Levitz	Chief executive officer	1 Sep 2017	Other	2253373

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
L.P. Genstar Capital Partners Vii	Investor	1 Jan 2017	25% - 50%	47-4181314

Based in Deerfield

The principal office where Alera Investment Advisors, LLC performs its advisory services is located at Three Parkway North, Deerfield, IL 60015 2567, which is also the mailing address of the firm. An additional office of the firm is in Greenwood Village, CO. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (847) 457-3000 or by fax (847) 457-3100. The normal business hours are 9:00am to 5:00pm on Monday - Friday. You can find more information about the New York firm at alerainvestmentadvisors.com and its LinkedIn profile.