Citadel Advisors LLC (Chicago)
Citadel Advisors LLC is a large advisory firm based in Chicago. It manages $194.06 billion of regulatory assets for 21 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of California, Connecticut, Illinois, Minnesota, and Texas.
Citadel Advisors provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
Citadel Advisors: assets under management
The assets under management (AUM) of Citadel Advisors LLC is $194.06 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 1138% since the beginning of its operation, and $139.64 billion of the total AUM is attributable to clients outside of the United States.
Fees & Commissions
The advisory firm has several streams of revenue. Clients pay Citadel Advisors 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 Citadel Advisors serves?
The only and largest group of clients of Citadel Advisors is pooled investment vehicles with 21 clients and $194.06 billion of assets under management. Among the 10 most similar advisory firms, Citadel Advisors has the 2nd highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $194.06 billion for 21 clients. 48% of the firm’s clients are foreign persons or businesses.
Citadel Advisors also advises several private funds. Namely, twenty six hedge funds. The minimum investment commitment required of non-related persons ranges from $0 to $200,000,000.
Careers at Citadel Advisors LLC
The company employs 1,736 people that are either part- or full-time employees. 53 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives 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.
David Andrew Glockner joined the executive team most recently as the Chief Compliance Officer.
Direct owners and executive officers
Indirect Owners
The SEC currently registers 33 indirect owners.Based in Chicago
The principal office where Citadel Advisors LLC performs its advisory services is located at Attn: Compliance, Chicago, IL 60603, which is also the mailing address of the firm. An additional office of the firm is in Greenwich, CT. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 312-395-2100 or by fax 312-267-7100. The normal business hours are 8:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at citadel.com and its LinkedIn profile.
Registered investment advisers similar to Citadel Advisors LLC
- Lord, Abbett &
- Principal Management Corp
- Legal & General Investment Management America
- John Hancock Advisers
- John Hancock Investment Management
- Jpmorgan Investment Advisors
- Banc One Investment Advisors Corp
- Guggenheim Partners Investment Management
- Nikko Asset Management
- Deutsche Investment Management Americas
- Goldman Sachs &
- Goldman, Sachs &
- Vanguard Asset Management, Limited
- Wells Fargo Funds Management
- Merrill Lynch Investment Managers