Illac Advisors, LLC (Houston)

Illac Advisors, LLC is a large advisory firm based in Houston. It manages $166.77 million of regulatory assets for 4 client accounts. It has been registered with the SEC as an adviser since 2019 and has operated in the jurisdiction of Texas.

Illac Advisors provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Illac Advisors: assets under management

The assets under management (AUM) of Illac Advisors, LLC is $166.77 million, all of which is managed in discretionary accounts. $134.88 million of the total AUM is attributable to clients outside of the United States.

The firm manages $166.77 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $41.69 million each.

Illac Advisors has custody of $166.77 million in cash and securities for 4 clients in total and its related person acts as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Illac Advisors, LLC for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Illac Advisors serves?

The only and largest group of clients of Illac Advisors is pooled investment vehicles with 4 clients and $166.77 million of assets under management. Among the 7 most similar advisory firms, Illac Advisors has the 3rd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $166.77 million for 4 clients. 80% of the firm’s clients are foreign persons or businesses.

Illac Advisors also advises several private funds. Namely, three hedge funds. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.

Careers at Illac Advisors, LLC

The company employs 5 people that are either part- or full-time employees. 40 percent of the employees work as investment advisers or researchers. No 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.

Jose Manuel Fierro Von Mohr has served as the Chief Investment Officer since 1 Jan 2019. Patricio De La Vega Flores joined the executive team most recently as the Treasurer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Portfolio Investments	Shareholder	1 Mar 2002	75% - 100%	33-0462171
Patricio De La Vega Flores	Treasurer	1 Jan 2019	Other	6420159
Eduardo Martinez Del Rio Tovar	President and chief executive officer	1 Jan 2019	Other	6625156
Ricardo Arteaga Botello	Secretary	1 Jan 2019	Other	7091103
Javier Solano Duarte	Chief compliance officer	1 Jan 2019	Other	7091104
Jose Manuel Fierro Von Mohr	Chief investment officer	1 Jan 2019	Other	7091105

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
S.A.B. De C. V. Corporativo Gbm	Shareholder	1 Mar 1999	75% - 100%	foreign entity

Based in Houston

The principal office where Illac Advisors, LLC performs its advisory services is located at 2700 Post Oak Blvd., Houston, TX 77056, 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 281-745-9189. The normal business hours are by appt. only on Monday - Friday.