Wealth manager, independent · Highland Park, IL
Fort Sheridan Advisors LLC
SEC-registered investment adviser · CRD 151139 · SEC 801-70517
At a glance
Fort Sheridan Advisors LLC is an SEC-registered investment adviser based in Highland Park, Illinois, with $1.0 billion in regulatory assets under management as of its Form ADV filed August 27, 2026. Its largest client group by assets is high-net-worth individuals, and it reports 389 individual clients. By Form ADV it is a wealth manager, ranked 1,504th of 8,915 wealth managers and 5,278th of 17,210 SEC-registered advisers by assets.
Main office 847-559-9700fortllc.comAs filed on Form ADV
- Regulatory AUM
- $1.0B
- Rank among wealth managers
- #1,504 of 8,915
- Rank among all SEC RIAs
- #5,278 of 17,210
- Rank in Illinois
- #248 of 684
- Individual clients
- 389
- High-net-worth clients
- 171
- Accounts
- 1,174
- Discretionary
- 99% of AUM
- Employees
- 10
- Advisory staff
- 7
- Offices
- 1
Owners and executives on its Form ADV
- Peter M. KarminManaging Member / Chief Compliance Officer
- Linda KarminMember
Custody and brokerage
Broker-dealer
Hybrid RIA
Fort Sheridan Advisors LLC is a hybrid RIA: 4 of its employees are also registered representatives of a broker-dealer.
Its Form ADV brochure (filed June 2026) names Aurora Securities as the broker-dealer its advisers are registered with.
Broker-Dealer or Representative Registration Certain members and registered advisory personnel of Fort Sheridan are registered representatives and registered investment advisor representatives of Aurora Securities, Inc.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 171 | $873M | 84% |
| Individuals | 218 | $89M | 9% |
| Pension and profit sharing plans | – | $45M | 4% |
| Corporations or other businesses | – | $21M | 2% |
| Charitable organizations | – | $7M | <1% |
Disciplinary disclosures
Fort Sheridan 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 individuals and small businesses
- Portfolio management for pooled investment vehicles
- Selecting other advisers
How it’s paid
- A percentage of assets under management
- Fixed fees
- Commissions
- Performance-based fees
Form ADV and brochures on the SEC’s adviser search ↗fortllc.com ↗
AtlasMembers
The full record on Fort Sheridan 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 3,447 peers of its type and size
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- Owners and executives, with titles and stakes
- 2 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
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Background
Questions
How much does Fort Sheridan Advisors LLC manage?
Fort Sheridan Advisors LLC reports $1.0 billion in regulatory assets under management across 1,174 accounts, 99% of it on a discretionary basis, on its Form ADV filed August 27, 2026.
What kind of firm is Fort Sheridan Advisors LLC?
Fort Sheridan Advisors LLC is a wealth manager by its Form ADV answers. At least half of its regulatory assets are managed for individuals and high-net-worth individuals.
Who are Fort Sheridan Advisors LLC’s clients?
By assets, its largest client types are high-net-worth individuals ($873 million, 171 clients); individuals ($89 million, 218 clients); pension and profit sharing plans ($45 million).
Does Fort Sheridan Advisors LLC have any disciplinary history?
Fort Sheridan 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 Fort Sheridan 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 (2026-08-27), 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 →