Asset manager · Chicago, IL
Great Lakes Advisors, LLC
SEC-registered investment adviser · CRD 110757 · SEC 801-16937
At a glance
Great Lakes Advisors, LLC is an SEC-registered investment adviser based in Chicago, Illinois, with $16.2 billion in regulatory assets under management as of its Form ADV filed September 8, 2026. Its largest client group by assets is investment companies, and it reports 837 individual clients. By Form ADV it is a asset manager, ranked 408th of 3,218 asset managers and 998th of 17,210 SEC-registered advisers by assets.
Main office 312-431-1700greatlakesadvisors.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $16B
- Rank among asset managers
- #408 of 3,218
- Rank among all SEC RIAs
- #998 of 17,210
- Rank in Illinois
- #55 of 684
- Individual clients
- 837
- High-net-worth clients
- 150
- Accounts
- 2,978
- Discretionary
- 98% of AUM
- Employees
- 84
- Advisory staff
- 37
- Offices
- 4
Owners and executives on its Form ADV
- Elliott J. SilverChief Compliance Officer
- Bert A. GetzManager
- Thomas P. ZidarManager Chairman
- Marla F. GlabeManager
- Thomas R. KileyManager & Chief Executive Officer
- Thomas J. TurnerChief Investment Strategist
- Paul C. CarlisleManager
- Jon E. QuigleyChief Investment Officer - Disciplined Equity
- Michael P. KamradtManager
- Suzet M. McKinneyManager
- Celena R. SarilloManager
- Margaret M. CosgroveManager
Custody and brokerage
3 custodians
- State Street$3.7B47%
- LPL Financial$2.5B31%
- Wintrust Private Trust CompanyAffiliate of the firm$1.7B22%
Broker-dealer
Hybrid RIA
Great Lakes Advisors, LLC is a hybrid RIA: 1 of its employees are also registered representatives of a broker-dealer.
Its Form ADV brochure (filed September 2026) names LPL Financial as the broker-dealer its advisers are registered with.
Wintrust Investments Financial Advisors are registered representatives of LPL and LPL is responsible for all supervision, compliance, and clearing functions including custody of client assets and trade execution.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| Investment companies | 5 | $4.4B | 27% |
| Pension and profit sharing plans | 54 | $3.2B | 20% |
| Other | 630 | $2.1B | 13% |
| High-net-worth individuals | 150 | $1.7B | 11% |
| Charitable organizations | 135 | $1.4B | 9% |
| Individuals | 687 | $1.1B | 7% |
| State or municipal government entities | 6 | $1.0B | 6% |
| Corporations or other businesses | 57 | $834M | 5% |
| Insurance companies | 4 | $292M | 2% |
| Pooled investment vehicles | 2 | $62M | <1% |
| Other investment advisers | 1 | $43M | <1% |
Private funds
Great Lakes Advisors, LLC reports 3 private funds with $72M in gross assets: other private funds (Form ADV Item 7.B).
Disciplinary disclosures
Great Lakes Advisors, LLC reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
- Portfolio management for investment companies
- Portfolio management for pooled investment vehicles
- Portfolio management for businesses and institutions
- Selecting other advisers
How it’s paid
- A percentage of assets under management
- Fixed fees
- Performance-based fees
- Other
Form ADV and brochures on the SEC’s adviser search ↗greatlakesadvisors.com ↗
AtlasMembers
The full record on Great Lakes 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
- Locked
- Growth over one, three and five years
- Locked
- Rank against 461 peers of its type and size
- Locked
- Owners and executives, with titles and stakes
- 16 namedLocked
- Main office, fax and compliance officer
- Locked
- Filing changes this year, with alerts
- 5Locked
Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Background
Questions
How much does Great Lakes Advisors, LLC manage?
Great Lakes Advisors, LLC reports $16.2 billion in regulatory assets under management across 2,978 accounts, 98% of it on a discretionary basis, on its Form ADV filed September 8, 2026.
What kind of firm is Great Lakes Advisors, LLC?
Great Lakes Advisors, LLC is a asset manager by its Form ADV answers. Most of its assets are managed for funds, institutions or other businesses rather than individuals. It reports a bank or thrift among its related persons. A public reporting company controls it.
Who are Great Lakes Advisors, LLC’s clients?
By assets, its largest client types are investment companies ($4.4 billion, 5 clients); pension and profit sharing plans ($3.2 billion, 54 clients); other ($2.1 billion, 630 clients).
Does Great Lakes Advisors, LLC manage private funds?
Yes. It reports 3 private funds with $72 million in gross assets, including other private funds.
Does Great Lakes Advisors, LLC have any disciplinary history?
Great Lakes 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 Great Lakes 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 (2026-09-08), 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 →