SEC Form ADV, by state
The largest investment adviser firms in Illinois
The current SEC Form ADV data lists 794 investment adviser firms headquartered in Illinois, of which 80 (10.1%) answered yes to at least one disciplinary or legal question on Form ADV Item 11. Below are the 50 largest by regulatory assets under management, a gross size measure each firm reports itself. Size is not a quality score, and no public record reports any firm's investment returns.
| Firm | City | Regulatory AUM | Fee methods | Item 11 disclosure |
|---|---|---|---|---|
| NORTHERN TRUST INVESTMENTS, INCORPORATED | CHICAGO | $1.2T | % of AUMfixedperformanceother | yes, reported |
| INVESCO CAPITAL MANAGEMENT LLC | DOWNERS GROVE | $941B | % of AUMother | yes, reported |
| FIRST TRUST ADVISORS LP | WHEATON | $309B | % of AUMperformanceother | yes, reported |
| NUVEEN ASSET MANAGEMENT, LLC | CHICAGO | $280B | % of AUMfixedperformance | yes, reported |
| L&G - ASSET MANAGEMENT, AMERICA | CHICAGO | $267B | % of AUMfixedperformance | yes, reported |
| CETERA INVESTMENT ADVISERS LLC | SCHAUMBURG | $257B | % of AUMhourlyfixed | yes, reported |
| BALYASNY ASSET MANAGEMENT L.P. | CHICAGO | $248B | % of AUMperformanceother | yes, reported |
| HIGHTOWER ADVISORS, LLC | CHICAGO | $199B | % of AUMhourlyfixedother | yes, reported |
| GALLAGHER FIDUCIARY ADVISORS, LLC | ROLLING MEADOWS | $195B | % of AUMhourlyfixed | none reported |
| NUVEEN FUND ADVISORS, LLC | CHICAGO | $186B | % of AUM | yes, reported |
| THOMA BRAVO | CHICAGO | $183B | % of AUMperformance | none reported |
| GC ADVISORS LLC | CHICAGO | $178B | % of AUMperformanceother | none reported |
| CORIENT | MIAMI | $165B | % of AUMhourlyfixedother | yes, reported |
| AON INVESTMENTS USA INC. | CHICAGO | $151B | % of AUMhourlyfixed | yes, reported |
| GC OPAL ADVISORS LLC | CHICAGO | $124B | % of AUMperformanceother | none reported |
| HARRIS | OAKMARK | CHICAGO | $109B | % of AUMfixedperformance | yes, reported |
| LSV ASSET MANAGEMENT | CHICAGO | $104B | % of AUMperformanceother | none reported |
| FIDUCIENT ADVISORS LLC | CHICAGO | $98B | % of AUMfixedperformance | none reported |
| GCM GROSVENOR L.P. | CHICAGO | $95B | % of AUMfixedperformance | none reported |
| PPM AMERICA INC | CHICAGO | $94B | % of AUMfixedperformanceother | none reported |
| MORNINGSTAR INVESTMENT MANAGEMENT LLC | CHICAGO | $88B | % of AUMfixedother | none reported |
| CRESSET ASSET MANAGEMENT, LLC | CHICAGO | $79B | % of AUMfixedperformance | none reported |
| BLUE OWL REAL ESTATE CAPITAL LLC | CHICAGO | $68B | % of AUMperformanceother | none reported |
| CIBC PRIVATE WEALTH ADVISORS, INC. | CHICAGO | $68B | % of AUMfixed | yes, reported |
| HARBOR CAPITAL ADVISORS, INC. | CHICAGO | $68B | % of AUMfixed | none reported |
| ADAMS STREET PARTNERS, LLC | CHICAGO | $66B | % of AUMperformance | none reported |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC | CHICAGO | $66B | % of AUMperformance | yes, reported |
| WILLIAM BLAIR & COMPANY L.L.C. | CHICAGO | $64B | % of AUMfixed | yes, reported |
| TOWERS WATSON INVESTMENT SERVICES, INC. | CHICAGO | $63B | % of AUMhourlyfixedother | none reported |
| VALOR EQUITY PARTNERS | CHICAGO | $59B | % of AUMperformanceother | none reported |
| BDT CAPITAL PARTNERS | CHICAGO | $52B | % of AUMfixedperformance | none reported |
| MESIROW FINANCIAL INVESTMENT MANAGEMENT, INC. | CHICAGO | $50B | % of AUMperformance | yes, reported |
| SAVANT WEALTH MANAGEMENT | ROCKFORD | $50B | % of AUMhourlyfixed | none reported |
| GTCR LLC | CHICAGO | $49B | % of AUMperformance | none reported |
| ANTARES CAPITAL ADVISERS LLC | CHICAGO | $47B | % of AUMperformance | none reported |
| MARQUETTE ASSOCIATES, INC. | CHICAGO | $47B | % of AUMhourlyfixedother | none reported |
| CALAMOS ADVISORS LLC | NAPERVILLE | $44B | % of AUM | none reported |
| ALYESKA INVESTMENT GROUP, L.P. | CHICAGO | $42B | % of AUMperformance | none reported |
| MILLIMAN FINANCIAL RISK MANAGEMENT LLC | CHICAGO | $40B | % of AUMhourlyfixed | none reported |
| RREEF AMERICA L.L.C. | CHICAGO | $34B | % of AUMperformanceother | yes, reported |
| MAGNETAR FINANCIAL LLC | EVANSTON | $32B | % of AUMperformanceother | none reported |
| PTMA INVESTMENT ADVISORS | NAPERVILLE | $31B | % of AUM | none reported |
| INNOVATOR CAPITAL MANAGEMENT, LLC | WHEATON | $30B | % of AUM | yes, reported |
| AAM | CHICAGO | $27B | % of AUMfixedperformance | none reported |
| ALLSTATE INVESTMENT MANAGEMENT COMPANY | CHICAGO | $26B | % of AUMperformance | none reported |
| CFI PARTNERS | CHICAGO | $26B | % of AUMfixedperformance | none reported |
| DRIEHAUS CAPITAL MANAGEMENT LLC | CHICAGO | $26B | % of AUMperformance | none reported |
| SEGALL BRYANT & HAMILL | CHICAGO | $23B | % of AUMfixedperformance | none reported |
| MADISON DEARBORN PARTNERS | CHICAGO | $21B | % of AUMperformanceother | none reported |
| HARRISON STREET ADVISORS, LLC | CHICAGO | $20B | % of AUMperformance | none reported |
Source: SEC Form ADV monthly data, firms reporting a Illinoisheadquarters address. Fee-method chips are the compensation arrangements each firm checked on Item 5.E; the disclosure column is the firm's own answer to Item 11. Click through to any firm for the full record and a link to its SEC detail page.
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