Alchemy Advisors, LLC (Lake Forest)


Alchemy Advisors, LLC is a large advisory firm based in Lake Forest. It manages $320.84 million of regulatory assets for 1,631 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Arizona, California, Colorado, and 10 other states.

Alchemy Advisors provides portfolio management for individuals and small businesses 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.

Alchemy Advisors: assets under management

The assets under management (AUM) of Alchemy Advisors, LLC is $320.84 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 218% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $320.84 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $196.71 thousand each.

Investments

The firm invests in other assets the most. They account for 55% of the total AUM. The second-largest asset type is exchange traded securities, which make up 43% of the firm’s portfolio. Investments in cash and cash equivalents form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Alchemy Advisors, LLC for their services and products based on a percentage of assets under management and hourly charges. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Alchemy Advisors serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Alchemy Advisors is individuals with 1,598 clients and $270.84 million of assets under management. Among the 6 most similar advisory firms, Alchemy Advisors has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $320.1 million for 1,630 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.

Alchemy Advisors doesn't advise any private funds.

Careers at Alchemy Advisors, LLC

The company employs 10 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 5 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
John Jason Bittenbinder Chief compliance officer 1 Jun 2014 Other 3210659
Alchemy Holdings Llc Elected manager 1 Jun 2014 75% - 100% 45-3597038
Michael Thomas Ansenberger Chief compliance officer 1 Dec 2015 Other 4676313
John Jason Bittenbinder Chief compliance officer 1 Aug 2016 Other 3210659
Jeffrey P Feinendegen Officer 1 Mar 2018 Other 4202523
Michael John Gibbons Officer 1 Mar 2018 Other 2052911
Daniel Mark Nagel Officer 1 Mar 2018 Other 1861282
Daniel Joseph Bouska Officer 1 Mar 2018 Other 1887073
Constantine Pelos Chief compliance officer 1 Mar 2018 Other 1074631
Llc Tsfg Owner 1 Mar 2018 75% - 100% 82-4379576

Indirect Owners

The SEC currently registers 3 indirect owners.

Name Entity Date acquired Ownership Employer ID
John Jason Bittenbinder Member 1 Aug 2011 50% - 75% 3210659
Christopher Aaron Roberts Member 1 Aug 2011 50% - 75% 4489210
Michael Thomas Ansenberger Member 1 Jan 2016 25% - 50% 4676313

Based in Lake Forest

The principal office where Alchemy Advisors, LLC performs its advisory services is located at 1052 N Western Avenue, Lake Forest, IL 60045, which is also the mailing address of the firm. An additional office of the firm is in Gurnee, IL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 847-735-7100 or by fax 847-735-0700. The normal business hours are 8 a.m. to 5 p.m. on Monday - Friday. You can find more information about the New York firm at tsfinancialgroupllc.com/.