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Matrix Capital Advisors

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This review was produced by SmartAsset based on publicly available information. The named firm and its financial professionals have not reviewed, approved, or endorsed this review and are not responsible for its accuracy. Review content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named firm and its financial professionals, and firms and financial professionals having business relationships with SmartAsset receive no special treatment or consideration in SmartAsset’s reviews. This page contains links to SmartAsset’s financial advisor matching tool, which may or may not match you with the firm mentioned in this review or its financial professionals.

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.

Tips for Finding the Right Financial Advisor

  • There are plenty of money managers who offer financial planning services.Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
  • Ask prospective advisors if they have any accreditations. Certified financial planners (CFPs), for example, hold themselves to high standards and work as fiduciaries. This means they are obligated to provide advice solely in their clients’ best interests. 

How Long $1 Million Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about the cost of living in retirement for that location.

Least
Most
Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology We weighed potential expenditures for a prospective retiree with a  $1 million nest egg to assess how many years that fund would cover in retirement in America’s largest cities.

We applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city. Using this data, SmartAsset calculated the average cost of living for retirees in metro areas across the U.S.

We assumed the $1 million would grow at a net annual return of 2% after inflation. Then, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would cover retirement expenses in each of the cities in our study. Cities where $1 million lasted the longest ranked the highest in the study.