For over two decades, Matrix Capital Advisors has been providing investment advisory services on a fee-only basis. The financial advisory firm is located in downtown Chicago and has a small team of advisors on staff. Currently, it only works with individual clients.
As a fee-only firm, all of Matrix Capital's compensation comes from client-paid fees. A fee-based firm, on the other hand, earns both client fees and third-party compensation, like insurance sales commissions.
Matrix Capital Advisors Background
Matrix Capital Advisors first opened its doors in 2000. It was founded by Christopher J. Burke and Michael D. Wik, who are the principal owners and investment advisors. In addition to them, there are three other employees. The firm has been located in Chicago since its inception in 2000.
Matrix Capital Advisors Client Types and Minimum Account Sizes
According to documents it recently filed with the SEC, Matrix works with the following types of clients:
- Individuals (high-net-worth and non-high-net-worth)
- Trusts
- Estates
Currently, all clients are individuals. To establish an investment advisory relationship with Matrix, you generally need a net worth of at least $3 million. However, the boutique money manager may waive this requirement at its discretion.
Services Offered by Matrix Capital Advisors
Matrix builds and actively manages investment portfolios, rebalancing them if deemed appropriate based on current market conditions and investment outlooks. The firm typically begins its advisory phase by holding a meeting with clients in order to grasp the client’s financial profile. The advisor will take into account several different factors such as risk tolerance and investing goals. Next, the advisor will take that information to build a portfolio to meet those objectives.
Matrix Capital Advisors Investment Philosophy
Matrix doesn’t restrict itself to specific securities and considers the investment universe when building diversified portfolios. It may invest in the following:
- Stocks
- Exchange traded funds (ETFs)
- Commercial paper, certificates of deposit, municipal securities
- United States governmental securities
- Corporate debt securities (other than commercial paper)
- Interests in partnerships investing in public and private securities and funds (e.g., "hedge funds" and "fund¬of-hedge-funds")
- Private equity investment funds
- Securities traded over-the-counter
- Foreign issuers
- Warrants
- Options contracts on securities
- Interests in partnerships investing in real estate
- Interests in partnerships investing in oil and gas interests
Fees Under Matrix Capital Advisors
Matrix charges asset-based management fees ranging from an annual 0.25% to 1.25%. The percentage depends on the complexity of the services rendered. This annual advisory fee doesn’t include other charges your account may face, such as fees from custodians, broker-dealers, hedge fund managers and other entities involved with your account.
What to Watch Out For
Matrix Capital Advisors has no legal or regulatory disclosures on its SEC filed Form ADV.
Opening an Account With Matrix Capital Advisors
If you're interested in working with Matrix, there are a number of ways you can get in touch. Feel free to call the firm or go visit its offices in downtown Chicago.
All information was accurate as of the writing of this article.
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