{"url":"https://nivawealth.com/firms/altair-advisers-120642","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/120642","regulatoryAum":9759855198,"crd":"120642","history":[{"filedOn":"2021-03-31","regulatoryAum":6024307243,"clients":747,"employees":53,"offices":1},{"filedOn":"2022-03-31","regulatoryAum":6683259970,"clients":804,"employees":60,"offices":1},{"filedOn":"2023-07-10","regulatoryAum":6014189352,"clients":865,"employees":65,"offices":1},{"filedOn":"2024-03-29","regulatoryAum":7386489664,"clients":886,"employees":70,"offices":1},{"filedOn":"2025-03-31","regulatoryAum":8681860723,"clients":946,"employees":75,"offices":1},{"filedOn":"2026-03-31","regulatoryAum":9759855198,"clients":1016,"employees":75,"offices":1}],"secFileNumber":"801-61138","legalName":"Altair Advisers, LLC","displayName":"Altair Advisers","slug":"altair-advisers-120642","website":"https://altairadvisers.com/","logo":{"src":"https://rmkhnxnbeclogprvkfyl.supabase.co/storage/v1/object/public/firm-logos/120642/0f18a4e93ecd5f1b-r1.webp","tone":"light","width":926,"height":200,"sourceUrl":"https://altairadvisers.com/","sourceLabel":"Altair Advisers, LLC, website"},"classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"linkedinUrl":"https://www.linkedin.com/company/altair-advisers/","founded":null,"organization":"Delaware limited liability company","fiscalYearEnd":"December","headquarters":{"street":"225 W. Washington Street, Suite 2400","city":"Chicago","state":"IL","stateName":"Illinois","country":"United States","postalCode":"60606"},"tradeNames":[],"registration":{"secApproved":"7 May 2002","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":7486312.515083799,"staff":{"employees":75,"advisory":34,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":9759855198,"discretionary":5152558388,"discretionaryAccounts":654,"nonDiscretionary":4607296810,"nonDiscretionaryAccounts":362,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":479,"regulatoryAum":403801473},{"label":"High-net-worth individuals","clients":416,"regulatoryAum":6296448228},{"label":"Investment companies","clients":1,"regulatoryAum":1421199615},{"label":"Pooled investment vehicles","clients":1,"regulatoryAum":0},{"label":"Charitable organizations","clients":85,"regulatoryAum":1166189548},{"label":"Corporations and other businesses","clients":34,"regulatoryAum":472216334}],"feePrograms":[{"role":"main","program":"Fees for Investment Advisory Clients","feeBasis":"marginal","fee_tiers":[{"to":5000000,"pct":0.8,"from":0},{"to":20000000,"pct":0.5,"from":5000000},{"to":50000000,"pct":0.35,"from":20000000},{"to":100000000,"pct":0.25,"from":50000000},{"to":null,"pct":0.1,"from":100000000}],"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1038850","versionId":1038850,"ratePeriod":"not_stated","fee_billing":"advance","submittedOn":"2026-03-31","documentName":"ALTAIR ADVISERS 2025 ADV 2A AND 2B","fee_rate_low":0.1,"fee_rate_high":0.8,"fee_negotiable":true,"minimum_account":7000000,"feeMinimumPeriod":"annual","fee_minimum_annual":50000},{"role":"other","program":"Financial Planning for Executives","summary":"Corporations retaining Altair for executive financial planning pay a fixed fee per executive, generally $5,000 to $30,000.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1038850","versionId":1038850,"submittedOn":"2026-03-31","documentName":"ALTAIR ADVISERS 2025 ADV 2A AND 2B"},{"role":"other","program":"Project Fees","summary":"Project work is billed hourly at $200 to $500 per hour, or on a project basis negotiated in advance with each client.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1038850","versionId":1038850,"submittedOn":"2026-03-31","documentName":"ALTAIR ADVISERS 2025 ADV 2A AND 2B"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T03:35:27.623201+00:00","documents":[{"name":"ALTAIR ADVISERS 2025 ADV 2A AND 2B","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1038850","versionId":1038850,"submittedOn":"2026-03-31"}]},"custodians":[{"name":"Pershing Advisor Solutions LLC","shortName":"Pershing","location":"Jersey City, NJ","smaAssets":2376375280},{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"San Francisco, CA","smaAssets":4027185}],"custodyNote":"Altair Advisers has custody of $8.47B in client assets for 862 clients.","leadership":[{"name":"Rebekah Kohmescher","title":"Member, Chief Executive Officer and Chief Compliance Officer","crd":"6709145"},{"name":"Browne Claire","title":"Director of Compliance","crd":"7246066"},{"name":"Allison Diliberto","title":"Member, Managing Director","crd":"8068774"},{"name":"Timothy French","title":"Member, Managing Director, Chief Client Officer","crd":"7359208"},{"name":"Jason Laurie","title":"Member, Managing Director, Chief Investment Officer","crd":"3161144"},{"name":"David Lin","title":"Member, Managing Director Head of Research and Due Diligence","crd":"4811438"},{"name":"Bryan Malis","title":"Member, Managing Director","crd":"1853170"},{"name":"Rachael Mangoubi","title":"Member, Managing Director","crd":"4406747"},{"name":"Michael Murray","title":"Member, Managing Director","crd":"2796599"},{"name":"Anna Nichols","title":"Member, Managing Director","crd":"8068823"},{"name":"Donald Sorota","title":"Member, Managing Director","crd":"3024218"},{"name":"Steven Weinstein","title":"Chairman","crd":"2477854"}],"ownership":[{"label":"Bryan Malis","detail":"Member, managing director in the 10% to 25% ownership band and a control person, since April 2002."},{"label":"PHRM Investments LLC","detail":"Member in the 10% to 25% ownership band and a control person, since June 2002."},{"label":"Donald Sorota","detail":"Member, managing director in the 10% to 25% ownership band, since January 2011."},{"label":"Jason Laurie","detail":"Member, managing director, chief investment officer in the 10% to 25% ownership band and a control person, since January 2018."},{"label":"Michael Murray","detail":"Member, managing director in the 10% to 25% ownership band and a control person, since January 2011."},{"label":"Rebekah Kohmescher","detail":"Member, chief executive officer and chief compliance officer in the 10% to 25% ownership band and a control person, since January 2018."},{"label":"Zembra Investments LLC","detail":"Member in the 5% to 10% ownership band and a control person, since August 2024."},{"label":"Richard Mazzolini","detail":"Indirect owner: a member of PHRM Investments LLC in the 25% to 50% band and a control person, since May 2002.","parent":"PHRM Investments LLC"},{"label":"Patrick Hans","detail":"Indirect owner: a member of PHRM Investments LLC in the 25% to 50% band and a control person, since May 2002.","parent":"PHRM Investments LLC"},{"label":"Gayle Hans","detail":"Indirect owner: a member of PHRM Investments LLC in the 25% to 50% band, since May 2002.","parent":"PHRM Investments LLC"},{"label":"BHH, LLC","detail":"Indirect owner: a member of PHRM Investments LLC in the 25% to 50% band, since May 2002.","parent":"PHRM Investments LLC"},{"label":"Patrick R. Hans 1998 Family Trust","detail":"Indirect owner: a member of BHH, LLC in the 75% or more band, since April 1998.","parent":"BHH, LLC"}],"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"Illinois","offices":1,"addresses":[{"street":"225 W. Washington Street, Suite 2400","city":"Chicago","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"312-429-3000","stateRegisteredReps":0,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Hourly charges","Fixed fees (other than subscription fees)"],"activities":["Financial planning services","Portfolio management for investment companies","Portfolio management for pooled investment vehicles (other than investment companies)","Pension consulting services","Selection of other advisers (including private fund managers)","Publication of periodicals or newsletters"],"financialPlanningClients":"101-250","assetMix":[{"label":"Exchange-traded equity securities","percent":33},{"label":"U.S. government/agency bonds","percent":11},{"label":"U.S. state and local bonds","percent":8},{"label":"Securities issued by registered investment companies or business development companies","percent":36},{"label":"Securities issued by pooled investment vehicles (other than registered investment companies)","percent":7},{"label":"Cash and cash equivalents","percent":5}],"privateFunds":1},"sources":{"adv1FilingDate":"31 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/120642/PDF/120642.pdf","brochureDate":"31 March 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1038850","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-22","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Altair Advisers have?","answer":"Altair Advisers has 1,016 clients and manages $9.76 billion for them, as of March 2026. They include 479 individual clients, 416 high-net-worth individuals and 85 charitable organizations.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 31 March 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Altair Advisers offer?","answer":"Altair Advisers provides financial planning, portfolio management for investment companies, portfolio management for pooled vehicles, pension consulting, selecting other managers and publishing newsletters.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does Altair Advisers charge?","answer":"Altair Advisers charges 0.10%–0.80% for its Fees for Investment Advisory Clients. The brochure does not state whether the rate is annual. Each asset band is charged at its own rate. The fee is billed in advance, is negotiable, has a $50,000 annual minimum and requires an account of at least $7,000,000.","source":"ALTAIR ADVISERS 2025 ADV 2A AND 2B, filed 31 March 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Altair Advisers use?","answer":"Altair Advisers’ separately managed account assets are held at Pershing Advisor Solutions LLC (Jersey City, NJ), with $2.38B and Charles Schwab & Co., Inc. (San Francisco, CA), with $4.03M. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 31 March 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Altair Advisers have?","answer":"Altair Advisers has 0 investment adviser representatives registered with state securities authorities, out of 75 employees, and 34 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.","source":"Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Altair Advisers invest in?","answer":"At the end of its last fiscal year, Altair Advisers’ separately managed accounts held 36% registered funds (mutual funds, ETFs, BDCs), 33% exchange-traded equities, 11% U.S. government and agency bonds, 8% state and local bonds, 7% pooled vehicles (private funds and similar) and 5% cash and equivalents. It advises 1 private fund.","source":"Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Does Altair Advisers have a minimum investment?","answer":"Yes, Altair Advisers’ minimum account size for its Fees for Investment Advisory Clients is $7M. It charges a $50K annual minimum fee.","source":"ALTAIR ADVISERS 2025 ADV 2A AND 2B, filed 31 March 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Who owns Altair Advisers?","answer":"Altair Advisers is owned through a chain of holding companies by Richard Mazzolini, Patrick and Gayle Hans, and Patrick R. Hans 1998 Family Trust. Its direct owners are Bryan Malis, PHRM Investments LLC, Donald Sorota, Jason Laurie, Michael Murray, Rebekah Kohmescher and Zembra Investments LLC, each holding 25% or less.","source":"Form ADV Part 1A, Schedules A and B, filed 31 March 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Altair Advisers get paid?","answer":"Altair Advisers is paid through a percentage of assets under management, hourly charges and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.","source":"Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Is Altair Advisers registered with the SEC?","answer":"Yes, Altair Advisers has been registered with the SEC as an investment adviser since 7 May 2002. Its CRD number is 120642 and its SEC file number is 801-61138.","source":"Form ADV Part 1A, Item 1, filed 31 March 2026; IAPD firm record","sourceRef":{"doc":"adv1","section":"identity"}},{"question":"How do I contact Altair Advisers?","answer":"Altair Advisers’ main office is at 225 W. Washington Street, Suite 2400, Chicago, IL 60606. Its phone number is 312-429-3000. Its website is altairadvisers.com.","source":"Form ADV Part 1A, Item 1.F, filed 31 March 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}