AdvisorRanked
79
Some Concerns

CENTERSTAR ASSET MANAGEMENT, LLC

300 SOUTH RIVERSIDE PLAZA, CHICAGO, IL 60606
Fiduciaryfee-onlySEC Registered
312-256-9627 CRD #289928
$139M
Assets Managed
7
Clients
8
Employees
9
Years Active
since 2017

Compensation Model

% of Assets (AUM)
Hourly Fees
Fixed / Flat Fees
Commissions
Performance Fees

Compensation type disclosed on SEC Form ADV Item 5C. Filed 46105. Specific fee percentages are available in this firm's Form ADV Part 2A brochure at adviserinfo.sec.gov.

Conflict of Interest Analysis

Broker-Dealer Affiliated: No

No broker-dealer affiliation. Lower risk of commission-driven advice.

Insurance Licensed: No

Not insurance licensed. Cannot sell you annuity or insurance products directly.

Custody of Client Assets: Yes

This firm has direct custody of client assets, rather than using an independent custodian. This is a higher-risk arrangement that requires additional regulatory safeguards.

Proprietary Products: No

Uses only third-party investment products. No proprietary product conflicts.

Regulatory & Disciplinary History

complaint46105

2 customer complaint(s)/arbitration(s) disclosed on Form ADV Item 11.

Resolved

Total complaints on record: 2

Complaint ratio: 28.57 per 100 clients

Industry average is approximately 0.15 complaints per 100 clients. A ratio above 0.30 is considered elevated.

Firm Details

Legal NameCENTERSTAR ASSET MANAGEMENT, LLC
CRD Number#289928
SEC RegisteredYes
Registration Date2017-09-29
States RegisteredIL
Assets Under Management$139M
Number of Clients7
Employees8
Compensation Typefee-only
Last ADV Filing46105

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Frequently Asked Questions

Is CENTERSTAR ASSET MANAGEMENT, LLC a fiduciary?

Yes. CENTERSTAR ASSET MANAGEMENT, LLC is a registered investment adviser (RIA) with the SEC, which means they are legally required to act as a fiduciary — putting your interests ahead of their own.

How does CENTERSTAR ASSET MANAGEMENT, LLC charge clients?

CENTERSTAR ASSET MANAGEMENT, LLC uses a fee-only compensation model. Full fee details are in their Form ADV Part 2A brochure at adviserinfo.sec.gov.

Does CENTERSTAR ASSET MANAGEMENT, LLC have any complaints?

Yes. CENTERSTAR ASSET MANAGEMENT, LLC has 2 complaint(s) on record. Their complaint ratio is 28.57 per 100 clients (industry average: ~0.15).

How does CENTERSTAR ASSET MANAGEMENT, LLC compare to other advisors in CHICAGO?

CENTERSTAR ASSET MANAGEMENT, LLC has a Red Flag Score of 79/100. There are 367 registered advisory firms in CHICAGO. Use our city page to compare firms side by side.

Where does this data come from?

All information is sourced from SEC Form ADV public filings (mandatory regulatory disclosures) and FINRA BrokerCheck records. Last updated: 2026-06-24. We do not accept payment from financial advisors.

Data source: SEC Form ADV (Parts 1 and 2A) filed with the Investment Adviser Registration Depository (IARD). Filing date: 46105. Last data refresh: 2026-06-24. AdvisorRanked does not verify the accuracy of SEC filings. This is not financial advice.