Harrison Street Advisors, LLC (Chicago)

Harrison Street Advisors provides portfolio management for pooled investment vehicles 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.

Harrison Street Advisors: assets under management

The assets under management (AUM) of Harrison Street Advisors, LLC is $9.64 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 124% since the beginning of its operation, and $4.68 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $9.64 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.61 billion each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Harrison Street Advisors, LLC for their services and products based on a percentage of assets under management and performance-based fees. 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 Harrison Street Advisors serves?

The firm provides services to pooled investment vehicles and corporations or other businesses. The largest group of clients of Harrison Street Advisors is pooled investment vehicles with 2 clients and $9.64 billion of assets under management. Among the 12 most similar advisory firms, Harrison Street Advisors has the 5th highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $9.64 billion for 8 clients. 25% of the firm’s clients are foreign persons or businesses.

Harrison Street Advisors also advises several private funds. Namely, two other private funds. The minimum investment commitment required of non-related persons is $10,000,000 for each fund.

Careers at Harrison Street Advisors, LLC

The company employs 138 people that are either part- or full-time employees. 85 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 receive compensation from other entities for client referrals.

Direct owners and executive officers

Indirect Owners

The SEC currently registers 6 indirect owners.

Based in Chicago

The principal office where Harrison Street Advisors, LLC performs its advisory services is located at 444 West Lake Street, Chicago, IL 60606 0069, 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 312-920-0500 or by fax 312-920-1855. The normal business hours are 9:00 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at harrisonst.com.

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