Private fund adviser · Chicago, IL
Freeport Financial Partners LLC
SEC-registered investment adviser · CRD 166682 · SEC 801-77952
At a glance
Freeport Financial Partners LLC is an SEC-registered investment adviser based in Chicago, Illinois, with $4.1 billion in regulatory assets under management as of its Form ADV filed March 25, 2026. Its largest client group by assets is pooled investment vehicles. By Form ADV it is a private fund adviser, ranked 1,121st of 4,686 private fund advisers and 2,394th of 17,210 SEC-registered advisers by assets.
Main office 312-281-4600freeportfinancialpartners.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $4.1B
- Rank among private fund advisers
- #1,121 of 4,686
- Rank among all SEC RIAs
- #2,394 of 17,210
- Rank in Illinois
- #131 of 684
- Clients
- 19
- Accounts
- 19
- Discretionary
- 100% of AUM
- Employees
- 24
- Advisory staff
- 18
- Offices
- 2
Owners and executives on its Form ADV
- Matthew M GerdesManaging Director
- Joseph V. WalkerChief Compliance Officer
- Joshua S. HowieManaging Director
- Stephen A. PapalasManaging Director
Custody and brokerage
Custodian
Freeport Financial Partners LLC’s Form ADV lists no custodian for separately managed accounts. Firms report one only when they manage $10 million or more in those accounts.
Broker-dealer
Affiliated broker-dealer
It names an affiliated broker-dealer: Moelis & Company LLC.
- Moelis & Company LLC ↗CRD 145115
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| Pooled investment vehicles | 19 | $4.1B | 100% |
Private funds
Freeport Financial Partners LLC reports 14 private funds with $2.0B in gross assets: hedge funds (Form ADV Item 7.B).
Disciplinary disclosures
Freeport Financial Partners 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
How it’s paid
- A percentage of assets under management
- Performance-based fees
Form ADV and brochures on the SEC’s adviser search ↗freeportfinancialpartners.com ↗
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The full record on Freeport Financial Partners 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 1,492 peers of its type and size
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- Owners and executives, with titles and stakes
- 4 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
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Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Background
Questions
How much does Freeport Financial Partners LLC manage?
Freeport Financial Partners LLC reports $4.1 billion in regulatory assets under management across 19 accounts, 100% of it on a discretionary basis, on its Form ADV filed March 25, 2026.
What kind of firm is Freeport Financial Partners LLC?
Freeport Financial Partners LLC is a private fund adviser by its Form ADV answers. Private funds are at least half of its business by assets.
Who are Freeport Financial Partners LLC’s clients?
By assets, its largest client types are pooled investment vehicles ($4.1 billion, 19 clients).
Does Freeport Financial Partners LLC manage private funds?
Yes. It reports 14 private funds with $2.0 billion in gross assets, including hedge funds.
Does Freeport Financial Partners LLC have any disciplinary history?
Freeport Financial Partners 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 Freeport Financial Partners 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 (2026-03-25), 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 →