SEC-registered firm
Registration does not mean the SEC approves or recommends the firm, and it does not imply a certain level of skill or training.
Great Lakes Advisors, LLC
Chicago, IL
CRD 110757
Firm filing updated September 8, 2026 ·
- $16.2BAssets
- 37Advisory staff
- 2,978Accounts
Fees and minimums
All fee types on the form
- Percentage of assets under managementYes
- Fixed feesYes
- Performance-based feesYes
- OtherYes
- Hourly chargesNo
- Subscription fees (for a newsletter or periodical)No
- CommissionsNo
Who the firm serves
- Individuals687
- High net worth individuals150
- Charities135
- Corporations or other businesses57
- Pension and profit sharing plans54
- and 4 more17
See the client table
| Client type | Approximate number of clients | Assets |
|---|---|---|
| Individuals (other than high net worth) | 687 | $1.1 billion |
| High net worth individuals | 150 | $1.7 billion |
| Banking or thrift institutions | Fewer than 5 clients | $0 |
| Investment companies | 5 | $4.4 billion |
| Pooled investment vehicles (other than investment companies and business development companies) | 2 | $61.7 million |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 54 | $3.2 billion |
| Charitable organizations | 135 | $1.4 billion |
| State or municipal government entities (including government pension plans) | 6 | $1.0 billion |
| Other investment advisors | Fewer than 5 clients | $43.2 million |
| Insurance companies | 4 | $292.0 million |
| Sovereign wealth funds and foreign official institutions | Fewer than 5 clients | $0 |
| Corporations or other businesses not listed above | 57 | $834.3 million |
| Other: "LLP, WRAP, TAFT-HARTLEY & PROPRIETARY PILOT ACCOUNTS" | 630 | $2.1 billion |
What the client labels mean
Here, "individuals" includes trusts, estates, and IRAs of individuals. A "high net worth individual" is a qualified client or qualified purchaser.
Services
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for investment companies
See all 6 services
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients
- Selection of other advisors (including private fund managers)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for investment companies
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients
- Selection of other advisors (including private fund managers)
Assets and accounts
- Regulatory assets$16.2 billion
- Accounts2,978
- Discretionary$15.9 billion · 2,925 accounts
- Non-discretionary$287.4 million · 53 accounts
People
- Employees84
- Advisory staff37
- Broker-dealer reps1
- Licensed insurance agents4
- Planning clients101 to 250
Advisors
11 advisors with a profile on Advisable
Listed A to Z by last name. Not a ranking.
Registration details
- SEC-registered investment advisor. CRD 110757, SEC file 801-16937.
- Registered with the SEC as an investment advisor (status date on record: March 24, 1982).
Is Great Lakes Advisors, LLC a fiduciary?
Short answer: Great Lakes Advisors, LLC is registered with the SEC as an investment advisor.
More detail
Some of its people may also act in other roles, such as for a broker-dealer or as insurance agents, where different rules apply. Details below.
The SEC put it this way in 2019: 'Under federal law, an investment adviser is a fiduciary.'
Some of the firm's people may also act for a broker-dealer: 1 staff member is a broker-dealer representative. When someone acts for a broker-dealer, a different SEC standard, Regulation Best Interest, applies to their recommendations. Ask which role they are acting in.
4 staff are licensed insurance agents and the firm has a related insurance company or agency.
The firm's Form CRS explains its services, fees and conflicts in plain language: Form CRS.
About this data
Informational only. Advisable Finance is not an investment advisor, does not give investment advice, and does not endorse any advisor.