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Matrix Capital Advisors

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Matrix Capital Advisors

Matrix Capital Advisors

For nearly two decades, Matrix Capital Advisors has been providing investment advisory services on a fee-only basis. The financial advisory firm currently oversees more than $500 million in assets under management (AUM). 

Matrix Capital Advisors Background

Matrix 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 four other employees.

What Types of Clients Does Matrix Capital Advisors Accept?

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

Matrix Capital Advisors Minimum Account Size

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 focuses on investment management and does not offer financial planning services. If you need an advisor to help you with your personal finances, this firm is probably not the right fit. 

Disclosures

Matrix had no disclosures to report in its SEC filings. 

Opening an Account With Matrix Capital Advisors

To contact Matrix call its office at 312-612-6100. 

Where Is Matrix Capital Advisors Located?

You can find Matrix at 200 South Wacker Drive, Suite 680, Chicago, Illinois 60606.

Tips for Finding the Right Financial Advisor

  • There are plenty of money managers who offer financial planning services. To start your search for one, use our five-minute matching tool. It links you with up to three advisors in your area, based on your financial needs and goals.  
  • 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. 

All information was accurate as of the writing of this article.

 

How Many Years $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 To determine how long a $1 million nest egg would cover retirement costs in cities across America, we analyzed data on average expenditures for seniors, cost of living and investment returns.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors. We then 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 the largest U.S. cities.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. This reflects the typical return on a conservative investment portfolio. 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.

Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research