Private fund adviser · Chicago, IL
Elementum Advisors, LLC
SEC-registered investment adviser · CRD 151635 · SEC 801-70618
At a glance
Elementum Advisors, LLC is an SEC-registered investment adviser based in Chicago, Illinois, with $4.5 billion in regulatory assets under management as of its Form ADV filed March 26, 2026. Its largest client group by assets is pooled investment vehicles. By Form ADV it is a private fund adviser, ranked 1,065th of 4,686 private fund advisers and 2,264th of 17,210 SEC-registered advisers by assets.
Main office 312-281-4688elementumadvisors.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $4.5B
- Rank among private fund advisers
- #1,065 of 4,686
- Rank among all SEC RIAs
- #2,264 of 17,210
- Rank in Illinois
- #122 of 684
- Clients
- 17
- Accounts
- 27
- Discretionary
- 100% of AUM
- Employees
- 39
- Advisory staff
- 14
- Offices
- 1
Owners and executives on its Form ADV
- Anthony A. RettinoFounding Partner
- John C. DecaroFounding Partner
- Michael M. FranceManaging Partner / Chief Financial Officer
- Lynette P. WalterPartner / Chief Legal Officer
- Paul S. BarkerPartner and Chief Investment Officer, Private ILS
- Valerie MedelyanChief Compliance Officer
- Andrew S. LauerPartner, Chief Operating Officer
Custody and brokerage
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| Pooled investment vehicles | 17 | $3.1B | 69% |
| Sovereign wealth funds and foreign official institutions | – | $738M | 16% |
| Pension and profit sharing plans | – | $369M | 8% |
| Other investment advisers | – | $277M | 6% |
Private funds
Elementum Advisors, LLC reports 21 private funds with $3.3B in gross assets: hedge funds (Form ADV Item 7.B).
Disciplinary disclosures
Elementum Advisors, LLC reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Portfolio management for pooled investment vehicles
- Portfolio management for businesses and institutions
How it’s paid
- A percentage of assets under management
- Performance-based fees
Form ADV and brochures on the SEC’s adviser search ↗elementumadvisors.com ↗
AtlasMembers
The full record on Elementum Advisors, LLC
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, ten years of filings
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- Growth over one, three and five years
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- Rank against 1,422 peers of its type and size
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- Owners and executives, with titles and stakes
- 7 namedLocked
- Main office, fax and compliance officer
- Locked
- Filing changes this year, with alerts
- 4Locked
Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Background
Questions
How much does Elementum Advisors, LLC manage?
Elementum Advisors, LLC reports $4.5 billion in regulatory assets under management across 27 accounts, 100% of it on a discretionary basis, on its Form ADV filed March 26, 2026.
What kind of firm is Elementum Advisors, LLC?
Elementum Advisors, LLC is a private fund adviser by its Form ADV answers. Private funds are at least half of its business by assets. A public reporting company controls it.
Who are Elementum Advisors, LLC’s clients?
By assets, its largest client types are pooled investment vehicles ($3.1 billion, 17 clients); sovereign wealth funds and foreign official institutions ($738 million); pension and profit sharing plans ($369 million).
Does Elementum Advisors, LLC manage private funds?
Yes. It reports 21 private funds with $3.3 billion in gross assets, including hedge funds.
Does Elementum Advisors, LLC have any disciplinary history?
Elementum Advisors, LLC reports no disciplinary disclosures in Item 11 of its Form ADV. Check the SEC’s adviser search for the latest record.
Where these numbers come from
Every figure is Elementum Advisors, LLC’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-03-26), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Ranks compare it by regulatory assets with every SEC-registered adviser and with firms of its type. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →