Clear Perspective Advisors, LLC (Aurora)

Name: Clear Perspective Advisors, LLC
Address: 201 N. Constitution Dr., Aurora, IL, 60506
Telephone: 630-780-1701

Clear Perspective Advisors, LLC is a large advisory firm based in Aurora. It manages $406.74 million of regulatory assets for 1,605 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdictions of Arizona, California, Florida, and 6 other states.

Clear Perspective Advisors provides financial planning services, portfolio management for individuals and small businesses, 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.

Clear Perspective Advisors: assets under management

The assets under management (AUM) of Clear Perspective Advisors, LLC is $406.74 million. The firm's AUM has grown by 622% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $331.12 million in discretionary accounts and $75.62 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $212.26 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.68 million.

Clear Perspective Advisors has custody of $95.01 million in cash and securities for 235 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies 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 cash and cash equivalents form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Clear Perspective Advisors, LLC for their services and products based on a percentage of assets under management, fixed fees, and commissions. Commissions are paid and earned by the adviser when a trade or a sales of an investment is made. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Clear Perspective Advisors serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Clear Perspective Advisors is high net worth individuals with 114 clients and $187 million of assets under management. Among the 10 most similar advisory firms, Clear Perspective Advisors has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $406.74 million for 808 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.

Clear Perspective Advisors doesn't advise any private funds.

Careers at Clear Perspective Advisors, LLC

The company employs 9 people that are either part- or full-time employees. 78 percent of the employees work as investment advisers or researchers. 6 employees are registered as investment adviser representatives with the state securities authorities.

There are 2 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates 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
Gery Joseph Sadzewicz	Chief compliance officer	1 Apr 2011	Other	1090963
Stewart Allen Beach	Managing member	1 Jul 2011	25% - 50%	2555962
Michael Jacob Morcos	Managing member	1 Jul 2011	25% - 50%	2567027
Jonathan Nmn Hylton	Managing member	1 Jul 2011	25% - 50%	4048248
Jonathan Hylton	Managing member	1 Jul 2011	25% - 50%	4048248

Based in Aurora

The principal office where Clear Perspective Advisors, LLC performs its advisory services is located at 201 N. Constitution Dr., Aurora, IL 60506, which is also the mailing address of the firm. An additional office of the firm is in St. Charles, IL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 630-780-1701 or by fax 630-780-1702. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at clearperspectiveadvisors.com and its LinkedIn profile.