DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

SEC-registered adviser

Altair Advisers, LLC

Independent wealth managerChicago, IllinoisCRD 120642SEC 801-61138websiteIAPD
Latest filing Mar 31, 2026
First filing on the tape Feb 21, 2012 · 28 filings
SEC status approved since May 7, 2002
RAUM
$9.8B
reported, Item 5.F
Discretionary
53%
of RAUM
Private clients
69%
$6.7B individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
75
34 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
1
reported on Schedule D
History
28 filings and snapshots on the tape
RAUM$9.8B as of Mar 31, 2026
Feb 21, 2012$2.8B then
HNW client RAUM$6.3B as of Mar 31, 2026
Mar 21, 2018$3.3B then
State-registered IARs (5.B.3)0 as of Mar 31, 2026
Feb 21, 20120 then
Employees (5.A)75 as of Mar 31, 2026
Apr 2, 201336 then
Private funds1 as of Mar 31, 2026
Oct 31, 20251 then
RAUM +12% over the last fiscal year+18% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 31, 2026; every figure names its basis
Archetypes, each a printed rule
  • RIA with private funds · a wealth manager (private-client share at least 50 percent) that reports at least one private fund on Schedule D 7.B.(1)
  • UHNW private wealth · private-client share at least 50 percent, HNW at least 90 percent of private-client RAUM, and average HNW client assets at least $10M
RAUM per advisor
unknownderivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
$15.1MderivedHNW RAUM over HNW clients
Average account
$9.6MderivedRAUM over accounts (5.F.2.f)
Discretionary
53%derivedof RAUM
Institutional
12%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
unknownderivedItem 5.A over advisors
Advisors per office
unknownderived1 offices incl. principal (1.F.5)
RAUM growth, one year
+12%derivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
+6.3%derived
Compensation
percentage of assets, hourly, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for pooled vehicles, portfolio management for investment companies, pension consulting, selection of other advisers, publicationsreportedItem 5.G
Custody
$8.5B, 862 clientsreportedItem 9.A
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • buys or sells securities as principal to or from clients (8.A.2)
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • receives research or other products from a broker-dealer, soft dollars (8.E)
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$6.3B65%
  • Investment companies$1.4B15%
  • Charitable organizations$1.2B12%
  • Corporations and businesses$472M4.8%
  • Individuals$404M4.1%
Individual clients
479reported
HNW clients
416reported
Pension plan clients
n/areported
Charitable clients
85reported
Accounts
1,016reported
Financial planning clients
101-250reported
Wrap fee programs
noreported
Custody of client assets
$8.5B for 862 clientsreported
Compensation
% of AUM, fixed, hourlyreported
Class basis
private_client_share=0.69 fund_share=0.15 institutional_share=0.12 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
none on the tape
    Joined, latest
    none on the tape
      Private funds
      1 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      Trella Fund I, LP$56.4M86Mar 31, 2026
      Owners and control persons
      Schedule A and B, latest filing
      • Grant Timothy French · Member, Managing Director, Chief Client Officercontrol
        since 01/2020 · owns less than 5%
      • Lea Rebekah Kohmescher · Member, Chief Executive Officer And Chief Compliance Officercontrol
        since 01/2018 · owns 10% to 25%
      • Mark Jason Laurie · Member, Managing Director, Chief Investment Officercontrol
        since 01/2018 · owns 10% to 25%
      • Randall Bryan Malis · Member, Managing Directorcontrol
        since 04/2002 · owns 10% to 25%
      • Halstuk Rachael Mangoubi · Member, Managing Directorcontrol
        since 01/2021 · owns less than 5%
      • James Michael Murray · Member, Managing Directorcontrol
        since 01/2011 · owns 10% to 25%
      • R. (Mi Only) Patrick Hans · Membercontrol
        since 05/2002 · owns 25% to 50% of Phrm Investments LLC
      • L. (Mi Only) Richard Mazzolini · Membercontrol
        since 05/2002 · owns 25% to 50% of Phrm Investments LLC
      • Kent Richard Black · Member, Managing Director
        since 04/2002 · owns 5% to 10%
      • Browne Claire · Director Of Compliance
        since 01/2023 · owns less than 5%
      • Labelle Allison Diliberto · Member, Managing Director
        since 01/2024 · owns less than 5%
      • John David Lin · Member, Managing Director Head Of Research And Due Diligence
        since 12/2021 · owns less than 5%
      • E Anna Nichols · Member, Managing Director
        since 01/2024 · owns less than 5%
      • Joseph Donald Sorota · Member, Managing Director
        since 01/2011 · owns 10% to 25%
      • Barry Steven Weinstein · Chairman
        since 01/2018 · owns less than 5%
      • B. (Mi Only) Gayle Hans · Member
        since 05/2002 · owns 25% to 50% of Phrm Investments LLC
      Entity owners
      • Phrm Investments LLC · Member
        direct · owns 10% to 25%
      • Zembra Investments LLC · Member
        direct · owns 5% to 10%
      • Bhh, LLC · Member
        indirect · owns 25% to 50% of Phrm Investments LLC
      • Patrick R. Hans 1998 Family Trust · Member
        indirect · owns 75% or more of Bhh, LLC
      Related persons
      Schedule D 7.A
      No related person reported.
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      ADV anomalies
      2 against comparable advisers; where to look, not conclusions
      • control person changedChange between filings · filing Mar 31, 2026
        MAZZOLINI, RICHARD, L. (MI ONLY) (MEMBER) left Schedule A between the filings of 2023-07-10 and 2026-03-31
        peers: independent wealth managers, $5B to $20B (289)
      • control person changedChange between filings · filing Mar 31, 2026
        HANS, PATRICK, R. (MI ONLY) (MEMBER) left Schedule A between the filings of 2023-07-10 and 2026-03-31
        peers: independent wealth managers, $5B to $20B (289)
      What changed
      consecutive filings, newest first
      • Accounts · 946 to 1,016
        Oct 31, 2025 to Mar 31, 2026
      • Advisory employees · 32 to 34
        Oct 31, 2025 to Mar 31, 2026
      • Charity clients · 67 to 85
        Oct 31, 2025 to Mar 31, 2026
      • Corporate clients · 36 to 34
        Oct 31, 2025 to Mar 31, 2026
      • HNW clients · 387 to 416
        Oct 31, 2025 to Mar 31, 2026
      • Individual clients · 455 to 479
        Oct 31, 2025 to Mar 31, 2026
      • Assets in custody · $7.7B to $8.5B
        Oct 31, 2025 to Mar 31, 2026
      • Discretionary RAUM · $4.0B to $5.2B
        Oct 31, 2025 to Mar 31, 2026
      • HNW RAUM · $5.6B to $6.3B
        Oct 31, 2025 to Mar 31, 2026
      • Individual RAUM · $366M to $404M
        Oct 31, 2025 to Mar 31, 2026
      • Non-discretionary RAUM · $4.7B to $4.6B
        Oct 31, 2025 to Mar 31, 2026
      • RAUM · $8.7B to $9.8B
        Oct 31, 2025 to Mar 31, 2026
      • Advisory activities · 5 to 6
        Aug 4, 2025 to Oct 31, 2025
      • Pooled vehicle clients · unset to 1.0
        Aug 4, 2025 to Oct 31, 2025
      • Private funds · unset to 1
        Aug 4, 2025 to Oct 31, 2025
      • Pooled vehicle RAUM · unset to 0.0
        Aug 4, 2025 to Oct 31, 2025
      • Accounts · 886 to 946
        Mar 29, 2024 to Mar 31, 2025
      • Advisory employees · 31 to 32
        Mar 29, 2024 to Mar 31, 2025
      • Charity clients · 63 to 67
        Mar 29, 2024 to Mar 31, 2025
      • Corporate clients · 38 to 36
        Mar 29, 2024 to Mar 31, 2025
      • HNW clients · 353 to 387
        Mar 29, 2024 to Mar 31, 2025
      • Individual clients · 431 to 455
        Mar 29, 2024 to Mar 31, 2025
      • Assets in custody · $6.4B to $7.7B
        Mar 29, 2024 to Mar 31, 2025
      • Employees · 70 to 75
        Mar 29, 2024 to Mar 31, 2025
      • Financial planning clients · 51-100 to 101-250
        Mar 29, 2024 to Mar 31, 2025
      • Discretionary RAUM · $3.2B to $4.0B
        Mar 29, 2024 to Mar 31, 2025
      • HNW RAUM · $4.8B to $5.6B
        Mar 29, 2024 to Mar 31, 2025
      • Individual RAUM · $373M to $366M
        Mar 29, 2024 to Mar 31, 2025
      • Non-discretionary RAUM · $4.2B to $4.7B
        Mar 29, 2024 to Mar 31, 2025
      • RAUM · $7.4B to $8.7B
        Mar 29, 2024 to Mar 31, 2025
      • Accounts · 864 to 886
        Jul 10, 2023 to Mar 29, 2024
      • Advisory employees · 30 to 31
        Jul 10, 2023 to Mar 29, 2024
      • Charity clients · 57 to 63
        Jul 10, 2023 to Mar 29, 2024
      • HNW clients · 317 to 353
        Jul 10, 2023 to Mar 29, 2024
      • Individual clients · 452 to 431
        Jul 10, 2023 to Mar 29, 2024
      • Assets in custody · $5.8B to $6.4B
        Jul 10, 2023 to Mar 29, 2024
      • Employees · 65 to 70
        Jul 10, 2023 to Mar 29, 2024
      • Discretionary RAUM · $2.4B to $3.2B
        Jul 10, 2023 to Mar 29, 2024
      • HNW RAUM · $4.0B to $4.8B
        Jul 10, 2023 to Mar 29, 2024
      • Individual RAUM · $399M to $373M
        Jul 10, 2023 to Mar 29, 2024
      Signals
      5 dated events
      • H. (Mi Only) Curtis Zahn (Trustee) no longer on Schedule A of Altair Advisers, Llc (listed 2023-03-29, absent 2023-07-10)
        Jul 10, 2023 · Control person left · inference
      • M. Alan Witt (Trustee) no longer on Schedule A of Altair Advisers, Llc (listed 2023-03-29, absent 2023-07-10)
        Jul 10, 2023 · Control person left · inference
      • Halstuk Rachael Mangoubi (Member, Managing Director) appeared on Schedule A of Altair Advisers, Llc
        Jul 10, 2023 · Control person joined · fact
      • Grant Timothy French (Member, Managing Director, Chief Client Officer) appeared on Schedule A of Altair Advisers, Llc
        Mar 31, 2021 · Control person joined · fact
      • Lea Rebekah Kohmescher (Member, Chief Executive Officer) appeared on Schedule A of Altair Advisers, Llc
        Mar 31, 2021 · Control person joined · fact
      Across DFX
      shared identifiers only, never a name match
      How to reach
      public business contact points only, each with its source
      Business email
      info@altairadvisers.comreportedpublished by the firm, firm site, Sep 17, 2026
      Business phone
      312-429-3000reportedpublished by the firm, firm site, Sep 17, 2026
      Firm profile
      LINKEDIN.COM/COMPANY/ALTAIR-ADVISERSreportedpublic record, Form ADV, Sep 17, 2026
      Website
      ALTAIRADVISERS.COMreportedpublic record, Form ADV, Sep 17, 2026
      Principal office phone
      312-429-3000reportedpublic record, Form ADV, Mar 31, 2026
      Contact form
      altairadvisers.com/contactreportedpublished by the firm, firm site, Sep 17, 2026
      Provenance
      Form ADV
      SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
      Advisors
      IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
      Class
      Independent wealth managerderiveda rule over Items 5.D and 7.A
      RAUM per advisor
      n/aderivedfirm RAUM over the IAPD count; not a book size
      Loaded
      Sep 14, 2026