Fort Sheridan Advisors provides portfolio management for individuals and small businesses, portfolio management for pooled vehicles, selecting other managers, insurance, and retirement plan services. The firm advises 1 private fund.
Fort Sheridan Advisors reports 389 clients. They include 218 individual clients and 171 high-net-worth individuals. Of its assets, 99.0% ($1.02B across 1,123 accounts) are managed with discretion; $10.7M across 51 accounts are not. Of its clients, 1% are outside the U.S.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 56% | 9% |
| High-net-worth individuals | 44% | 84% |
| Pension and profit-sharing plans | 0% | 4% |
| Charitable organizations | 0% | <1% |
| Corporations and other businesses | 0% | 2% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 218 | $88.7M | 8.6% | $407K |
| High-net-worth individuals | 171 | $873M | 84.4% | $5.11M |
| Pension and profit-sharing plans | Fewer than 5 | $45.1M | 4.4% | — |
| Charitable organizations | Fewer than 5 | $6.88M | 0.7% | — |
| Corporations and other businesses | Fewer than 5 | $20.7M | 2.0% | — |
| Total | 389 | $1.03B | 100% | — |
- Clients
- 218
- Regulatory AUM
- $88.7M
- AUM share
- 8.6%
- Avg. per client
- $407K
- Clients
- 171
- Regulatory AUM
- $873M
- AUM share
- 84.4%
- Avg. per client
- $5.11M
- Clients
- Fewer than 5
- Regulatory AUM
- $45.1M
- AUM share
- 4.4%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $6.88M
- AUM share
- 0.7%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $20.7M
- AUM share
- 2.0%
- Avg. per client
- —
Total
- Clients
- 389
- Regulatory AUM
- $1.03B
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 1%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 1
- Financial planning clients last fiscal year
- 0
Fort Sheridan Advisors charges up to 1.00% for its Discretionary Asset Management & Sub-Adviser Fees. The brochure does not state whether the rate is annual. The fee is negotiable.
Fee details and sources
Peter Karmin owns 75% or more of Fort Sheridan Advisors. The leadership team of Fort Sheridan Advisors includes Chief Compliance Officer Peter Karmin. It has 10 employees, 7 of them in advisory roles.
Leadership
- Peter KarminManaging Member / Chief Compliance Officer
- Linda KarminMember
Investment adviser representatives
8 representatives listed in the SEC register as of 9 October 2026.
- Nicole Marie Hansen
- Alissa S. Hirsh
- Peter Martin Karmin
- Stuart Carroll Loren
- Richard Norris Preston
- Douglas Michael Purcell
- Thomas Matthew Weil
- Alison Amber Wilson
Staff
- 10 employees
- 7 in advisory functions
- 7 state-registered reps
- 4 broker-dealer reps
- 1 insurance agent
- Owns 75% or more of Fort Sheridan Advisors LLC
Peter Karmin
Control person · since July 2009
- Owns 5% to 10% of Fort Sheridan Advisors LLC
Linda Karmin
since January 2014
Fort Sheridan Advisors’ regulatory assets grew 3.4× from $302M (July 2021) to $1.03B (August 2026); clients rose from 144 to 389 and employees from 8 to 10.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| August 2026 | $1.03B | 389 | 10 | 1 |
| July 2025 | $909M | 930 | 9 | 1 |
| March 2024 | $648M | 683 | 8 | 1 |
| June 2023 | $410M | 369 | 7 | 1 |
| March 2022 | $444M | 197 | 7 | 1 |
| July 2021 | $302M | 144 | 8 | 1 |
Besides its headquarters, Fort Sheridan Advisors has 0 offices, with 1 listed address in Illinois.
Illinois · 1 listed address
- 600 Central Avenue, Suite 365, Highland ParkHQ
Contact and registration details
- Legal name
- Fort Sheridan Advisors LLC
- Headquarters
- 600 Central Avenue, Suite 365, Highland Park, IL 60035
- Website
- fortllc.com
- Phone
- 847-559-9700
- SEC file
- 801-70517
- Founded
- 2009
- Structure
- Illinois LLC
- Fiscal year end
- December
Fort Sheridan Advisors uses Fidelity ($1.3B, 99%), Charles Schwab ($7M, 1%) and Interactive Brokers ($600K, 0%) as custodians for its separately managed accounts. Fort Sheridan Advisors has custody of $340M in client assets for 117 clients.
The filed custodian amounts total more than regulatory assets under management. Each amount is shown as filed.
- FidelityFidelity · Westlake, TX · $1.3B99%
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $7M1%
- Interactive BrokersInteractive Brokers LLC · Greenwich, CT · $600K0%
At year end, Fort Sheridan Advisors’ separately managed accounts were mostly in stocks (69%) and cash (15%). Its reported 13F holdings for the quarter ended 30 June 2026 total $928M across 299 positions; the largest are Apple Inc. (8.5%), Microsoft Corp. (6.0%) and Alphabet Inc. (4.3%).
What the accounts hold
- Stocks69%
- Bonds4%
- Cash15%
- Other12%
- Derivatives12%
Reported 13F holdings
- $928M
- Reported 13F value
- 299
- Positions
- 40.3%
- In the 10 largest
- +12.1%
- Value vs. prior quarter
- Apple Inc.8.5%
- Microsoft Corp.6.0%
- Alphabet Inc. · Cap Stk CL C4.3%
- Enterprise Prods Partners L4.2%
- Nvidia Corporation3.3%
- JPMORGAN Chase & CO3.3%
- Amazon Com Inc.2.8%
- Oneok Inc. New2.7%
- Lam Research Corp.2.7%
- CME Group Inc.2.6%
Together, the ten largest are 40.3% of reported value.
How many clients does Fort Sheridan Advisors have?
Fort Sheridan Advisors has 389 clients and manages $1.03 billion for them, as of August 2026. They include 218 individual clients and 171 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 27 August 2026
What services does Fort Sheridan Advisors offer?
Fort Sheridan Advisors provides portfolio management for individuals and small businesses, portfolio management for pooled vehicles, selecting other managers, insurance, and retirement plan services.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4
How much does Fort Sheridan Advisors charge?
Fort Sheridan Advisors charges up to 1.00% for its Discretionary Asset Management & Sub-Adviser Fees. The brochure does not state whether the rate is annual. The fee is negotiable.
Which custodians does Fort Sheridan Advisors use?
Fort Sheridan Advisors’ separately managed account assets are held at Fidelity (Westlake, TX), with $1.3B, Charles Schwab & Co., Inc. (Westlake, TX), with $7M and Interactive Brokers LLC (Greenwich, CT), with $600K. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 27 August 2026
How many financial advisors does Fort Sheridan Advisors have?
Fort Sheridan Advisors has 7 investment adviser representatives registered with state securities authorities, out of 10 employees, and 7 perform investment advisory functions. 4 employees are registered representatives of a broker-dealer and 1 employee is a licensed insurance agent.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Fort Sheridan Advisors invest in?
At the end of its last fiscal year, Fort Sheridan Advisors’ separately managed accounts held 69% exchange-traded equities, 15% cash and equivalents, 12% derivatives and 4% U.S. government and agency bonds. 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
Who owns Fort Sheridan Advisors?
Fort Sheridan Advisors’ direct owners are Peter Karmin (75% or more) and Linda Karmin (5% to 10%).
Source: Form ADV Part 1A, Schedules A and B, filed 27 August 2026
How does Fort Sheridan Advisors get paid?
Fort Sheridan Advisors is paid through a percentage of assets under management, fixed fees, commissions and performance-based fees.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact Fort Sheridan Advisors?
Fort Sheridan Advisors’ main office is at 600 Central Avenue, Suite 365, Highland Park, IL 60035. Its phone number is 847-559-9700. Its website is fortllc.com.