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AIR ASSET MANAGEMENT
Legal name: ALTERNATIVE INVESTMENT RESOURCE, LLC
CRD 288165File 801-110958
APPROVED
Custody
Filing as of Jul 30, 2026
Feed vintage Oct 1, 2026
Regulatory AUM
$754.2M
Above cohort median (national)
Discretionary AUM
$707.5M
Non-discretionary $46.7M
Clients
14
14 accounts
Employees
18
Above cohort median in IL
Identity & registration
ADV Item 1- Organization form
- Limited Liability Company
- Firm type
- Registered
- SEC region
- CHRO
- Registration date
- Aug 1, 2017
- Principal office
- 333 S. WABASH AVE, SUITE 2714, CHICAGO, IL, 60604
- Phone
- 312-625-8385
Assets & accounts
ADV Item 5F- Total regulatory AUM
- $754.2M
- Discretionary AUM
- $707.5M
- Non-discretionary AUM
- $46.7M
- Discretionary accounts
- 13
- Non-discretionary accounts
- 1
- Total accounts
- 14
- AUM per client
- $53.9M
Clients by type
ADV Item 5D| Client type | Clients | AUM |
|---|---|---|
| Other investment advisers | Fewer than 5 | $46.7M |
| Pooled investment vehicles | 13 | $707.5M |
Compensation & activities
ADV Items 5E, 5GCompensation
- Fixed fees
- Performance-based fees
- A percentage of assets under your management
Advisory activities
- Selection of other advisers
- Portfolio management for businesses
- Portfolio management for pooled investment vehicles
Custody
ADV Item 9- Firm Custody Cash
- No
- Firm Custody Assets
- Yes
- Firm Custody Clients
- Yes
- Firm Custody Securities
- No
- Related Person Custody Cash
- No
- Related Person Custody Assets
- No
- Related Person Custody Clients
- No
- Related Person Custody Securities
- Yes
Disclosure events
ADV Item 11This firm answered no to every Item 11 disclosure question in this filing.
Filed changes
| Date | Field | From | To | Change |
|---|---|---|---|---|
| Apr 1, 2026 | Employees | 20 | 18 | decreased by2 |
| Apr 1, 2026 | Disclosures | Yes | No | |
| Apr 1, 2026 | Clients | 21 | 14 | decreased by7 |
| Apr 1, 2026 | AUM | $704,444,092 | $754,174,738 | increased by$49,730,646 |
| Apr 1, 2026 | Accounts | 21 | 14 | decreased by7 |
| May 1, 2025 vs Oct 1, 2022 | Employees | 14 | 20 | increased by6 |
| May 1, 2025 vs Oct 1, 2022 | Clients | 15 | 21 | increased by6 |
| May 1, 2025 vs Oct 1, 2022 | AUM | $534,230,153 | $704,444,092 | increased by$170,213,939 |
| May 1, 2025 vs Oct 1, 2022 | Accounts | 15 | 21 | increased by6 |
| Apr 1, 2022 | Employees | 9 | 14 | increased by5 |
| Apr 1, 2022 | Clients | 13 | 15 | increased by2 |
| Apr 1, 2022 | AUM | $346,149,911 | $534,230,153 | increased by$188,080,242 |
| Apr 1, 2022 | Accounts | 13 | 15 | increased by2 |
| Apr 1, 2021 | Registration | — | APPROVED |
On Form 5500, an adviser usually appears as a plan service provider (Schedule C), not the plan sponsor.
See plans that list “AIR ASSET” as a service provider on 5500mcp →Matched by name only — Form ADV and Form 5500 share no identifier, and names are searched loosely (“AIR ASSET” may also match similarly-named firms). Confirm identity against each filing.
Every value above is reproduced from this firm's Form ADV filing. Fields the firm left blank are shown as “Not reported” rather than filled in from other sources.