SpiderRock Advisors, LLC
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client AUMClient assets under management
$8,395,681,009
Clients
4,300
Advisors
23
across 9 offices
About
SpiderRock Advisors, LLC provides discretionary investment advisory and sub-advisory services to a mix of institutional and individual clients, including other asset managers, registered investment advisers, banks, broker‑dealers, family offices, high‑net‑worth individuals, pension funds, endowments, and private funds through separately managed accounts. The firm offers portfolio overlay and strategy management services that use listed derivatives alongside more traditional securities, and it also provides collateral management and assistance with over‑the‑counter derivatives to advisors and intermediaries.
SRA combines systematic, technical, and rules‑based processes with quantitative and fundamental analysis, operating through proprietary software and real‑time risk monitoring to construct and rebalance option‑based hedges and yield‑enhancing overlays. Its strategies include FLEX Options and tailored overlays such as its SpiderRock Capital Efficient Borrowing (SRCEB) synthetic borrowing package and various hedged equity and index replication models, implemented on a discretionary basis or via sub‑advisory mandates.
The firm is notable for being registered with the Commodity Futures Trading Commission as a commodity trading advisor and for its membership in the National Futures Association, and the brochure discloses an exemption related to CFTC filing for certain qualified eligible persons. SpiderRock is an indirect wholly‑owned subsidiary of BlackRock, which the brochure cites as a source of affiliate arrangements and operational support, and the firm emphasizes working with other investment advisers and pooled vehicles (including private funds and SMA mandates), as well as permitting paired or “layered” options strategies that may be implemented on the same underlying assets.
Client services
Expertise
Fee options
$0+: 0.50% annually (SpiderRock Hedged Equity Concentrated Stock - SRHEC, SpiderRock Hedged Equity Portfolio - SRHEP, SpiderRock Cash Secured Put - SRCSP, SpiderRock Capital Efficient Borrowing - SRCEB) $0+: 0.60% annually (SpiderRock Managed Index Income - SRMII, SpiderRock Structured Note Replication - SRSNR, SpiderRock Index/Stock Replacement - SRISR) $0+: 0.70% annually (SpiderRock Opportunistic Yield Enhancement - SROYE) $0+: 0.85% annually (SpiderRock Exchange Fund Replication - SREFR)
Minimum fee: Minimum annual fee may be applied in certain cases but is negotiable and can be waived at SRA's discretion
Main office
See office227 West Monroe Street, Suite 4300
Chicago IL 60606
Advisors at this office
15
Offices (9)
Chicago, IL
227 West Monroe Street Suite 4300, Chicago, IL 60606
15 advisors
Bernardsville, NJ
Bernardsville, NJ
1 advisor
Dallas, TX
Dallas, TX
1 advisor
Denver, CO
Denver, CO
1 advisor
East Hampton, NY
East Hampton, NY
1 advisor
Lone Tree, CO
Lone Tree, CO
1 advisor
Palm Beach Gardens, FL
Palm Beach Gardens, FL
1 advisor
Sharon, MA
Sharon, MA
1 advisor
Venice, CA
Venice, CA
1 advisor
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Disclosures
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Business activities & affiliations
Is active or affiliated with:
Insurance agent
They sell insurance products and may earn commissions on those sales.
Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
Bank
They're affiliated with a bank that may offer its own financial products and services.
Trust company
They provide trust and estate administration services, typically for separate fees.
Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
Real estate agent
They facilitate real estate transactions and may earn commissions.
Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Is not active or affiliated with:
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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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