Black Elm Advisers, LLC
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client AUMClient assets under management
$16,609,533
Clients
116
Advisors
3
across 2 offices
About
Black Elm Advisors provides discretionary investment advisory and portfolio management primarily to individual and high‑net‑worth clients. The firm builds personalized investment programs after reviewing each client’s financial situation, risk tolerance, time horizon and objectives, and can document those goals in an Investment Policy Statement while providing ongoing monitoring and rebalancing.
The firm’s implementation approach blends fundamental and quantitative analysis and may employ a broad set of strategies — including long‑ and short‑term positions, options, margin and other derivatives — to pursue client objectives. BEA generally acts with discretionary trading authority and, for qualified clients, may apply performance‑based compensation that is measured against account gains with a carryforward of prior losses.
Compared with many similarly sized supported advisers, BEA’s notable characteristics include its explicit use of derivatives and option strategies in separately managed accounts and its willingness to use performance‑based fees for qualified clients, both of which are uncommon among peers. The firm is owner‑operated and its principal is involved in managing incubator/private funds through a related entity, a configuration that may create additional conflicts of interest and alignment considerations for prospective clients.
Client services
Expertise
Fee options
1.0% annually or 0.25% quarterly, in arrears
20% of new net profits earned annually for qualified clients
Account minimum: $50,000
Main office
See officeAlgonquin IL
Advisors at this office
2
Most active in
Florida · Illinois
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is active or affiliated with:
Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Forms ADV
Quick links
Advisors at this firm
Charles S
Series 63, Series 65
Tampa, FL
Black Elm Advisers, LLC
Charles Stewart is a financial advisor with Black Elm Advisers, LLC, holding Series 63 and Series 65 licenses and 21 years of industry experience. He has previously worked at Water Tower Wealth Management and World Financial Group and runs The Stewart Insurance and Financial Services Agency LLC. Stewart is also an instructor at Heartland Financial Institute, where he teaches financial education classes. Black Elm Advisors provides discretionary investment management to individual and high-net-worth clients, utilizing a blend of fundamental and quantitative analysis and employing a range of strategies including long and short positions, margin trading, and options. The firm emphasizes portfolio construction, asset allocation, and ongoing monitoring tailored to client objectives and risk tolerance.
David J
CFA®
Algonquin, IL
Black Elm Advisers, LLC
David Janello is a CFA® charterholder with two years of experience as a financial advisor at Black Elm Advisers, LLC. He has worked at CME Group since 2015 and has been president of Argon Technology Group, Inc., an investment technology firm, since 1986. Black Elm Advisers provides discretionary investment management to individual and high-net-worth clients, employing a mix of fundamental and quantitative analysis across a range of strategies including long and short positions, margin trading, and options, with ongoing portfolio monitoring and rebalancing.
Brian D
Series 65
Algonquin, IL
Black Elm Advisers, LLC
Brian Dunn is a financial advisor at Black Elm Advisers, LLC in Skokie, IL, with 10 years of industry experience. He holds a Series 65 designation and has served as president of Epic Sky, Inc., a marketing company, since 2015. Dunn is also involved in hedge fund management through Black Prime, LLC, an affiliated entity. Black Elm Advisers provides discretionary investment management to individual and high-net-worth clients, employing a mix of fundamental and quantitative analysis. The firm utilizes a range of strategies, including long and short positions, margin trading, and options, with performance-based compensation and active use of derivatives distinguishing it from many peers.
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