Routman Asset Management (Skokie)

Routman Asset Management is an adviser based in Skokie. It manages $3.26 million of regulatory assets for 4 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of Illinois, New Jersey, and New York.

Routman Asset Management provides portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Routman Asset Management: assets under management

The assets under management (AUM) of Routman Asset Management is $3.26 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -98% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $3.26 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $815.57 thousand each.

Investments

The firm invests in cash and cash equivalents the most. They account for 50% of the total AUM. The second-largest asset type is exchange traded securities, which make up 35% of the firm’s portfolio. Investments in derivatives form 15% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Routman Asset Management for their services and products based on a percentage of assets under management. 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 Routman Asset Management serves?

The only and largest group of clients of Routman Asset Management is high net worth individuals with 4 clients and $3.26 million of assets under management. Among the 0 most similar advisory firms, Routman Asset Management has the 0th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $3.26 million for 4 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.

Routman Asset Management doesn't advise any private funds.

Careers at Routman Asset Management

The company employs 1 person that is either a part- or full-time employee. 100 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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 don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Aron Harland Routman	President & chief compliance officer	1 Dec 2016	75% - 100%	6735207

Based in Skokie

The principal office where Routman Asset Management performs its advisory services is located at 8052 Monticello Ave., Skokie, IL 60076, 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 (847) 530-8715 or by fax N/A. The normal business hours are office visits by appointment only on Other.