Cedar Hill Associates, LLC (Chicago)

Cedar Hill Associates provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Cedar Hill Associates: assets under management

The assets under management (AUM) of Cedar Hill Associates, LLC is $210.98 million. The firm's AUM has gone down by -79% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $198.57 million in discretionary accounts and $12.41 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $722.07 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $174.75 thousand.

Cedar Hill Associates has custody of $27.56 million in cash and securities for 5 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 51% of the total AUM. The second-largest asset type is investment and business development companies, which make up 20% of the firm’s portfolio. Investments in cash and cash equivalents form 11% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Cedar Hill Associates, 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 Joel H (Mi) Jastromb serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, pooled investment vehicles, and corporations or other businesses. The largest group of clients of Joel H (Mi) Jastromb is high net worth individuals with 127 clients and $98.03 million of assets under management. Among the 10 most similar advisory firms, Cedar Hill Associates has the 5th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $198.72 million for 341 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.

Cedar Hill Associates also advises several private funds. Namely, two hedge funds, two real estate funds, and three private equity funds. The minimum investment commitment required of non-related persons ranges from $200,000 to $500,000.

Careers at Cedar Hill Associates, LLC

The company employs 16 people that are either part- or full-time employees. 63 percent of the employees work as investment advisers or researchers. 11 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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.

Joel H (Mi) Jastromb has been acting as President since 1 Apr 2008. Christopher Irving Engelman has served as the Chief Investment Officer since 1 Jan 2017. Gerald Brady Coogan joined the executive team most recently as the Director.

Direct owners and executive officers

Indirect Owners

The SEC currently registers 6 indirect owners.

Based in Chicago

The principal office where Cedar Hill Associates, LLC performs its advisory services is located at 120 North Lasalle Street, Chicago, IL 60602, 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 312-445-2900 or by fax 312-445-2901. The normal business hours are 8:00 am - 4:30 pm on Monday - Friday. You can find more information about the New York firm at cedhill.com.

Registered investment advisers similar to Cedar Hill Associates, LLC

• Northeast Planning Associates
• Confidential Management Advisors
• Nollenberger Capital Partners
• Gordian Wealth Advisors
• Wise Planning
• Little House Capital
• Aesop Capital Partners
• Meltzer Wealth Management
• The Retirement Network
• Tenth Street Capital
• The Doman Group
• Breakwater Management
• Williamson Mcaree Investment Partners
• Privet Fund Management
• Engine Capital Management