Faircourt Partners, LLC (Chicago)

Faircourt Partners, LLC is a large advisory firm based in Chicago. It manages $485.57 million of regulatory assets for 55 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdiction of Illinois.

Faircourt Partners provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, publication of newsletters, and educational seminars and workshops. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Faircourt Partners: assets under management

The assets under management (AUM) of Faircourt Partners, LLC is $485.57 million. The firm's AUM has grown by 92% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $264.71 million in discretionary accounts and $220.86 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $6.16 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $18.41 million.

Investments

The firm invests in exchange traded securities the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Faircourt Partners, LLC for their services and products based on a percentage of assets under management and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Faircourt Partners serves?

The firm provides services to individuals and corporations or other businesses. The largest group of clients of Faircourt Partners is corporations or other businesses with 36 clients and $481.72 million of assets under management. Among the 11 most similar advisory firms, Faircourt Partners has the highest percentage of corporations or other businesses out of all clients.

The amount of regulatory assets under management is $485.57 million for 43 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Faircourt Partners doesn't advise any private funds.

Careers at Faircourt Partners, LLC

The company employs 3 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 3 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Benjamin Tucker Olson	Managing member and chief compliance officer	1 Mar 2018	50% - 75%	4809389
Charles Moran Waddell	Managing member	1 Mar 2018	50% - 75%	5268768

Based in Chicago

The principal office where Faircourt Partners, LLC performs its advisory services is located at 1 E. Wacker Drive, Chicago, IL 60601, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (312) 819-5010. The normal business hours are 8:30 am - 5 pm on Monday - Friday.