SpiderRock Advisors, LLC logo

SpiderRock Advisors, LLC

Updated today

Client AUM

$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

Portfolio management
Advisory services for other investment advisers, pension funds and family offices

Expertise

Options & derivatives strategies Concentrated stock management Tax-loss harvesting

Want help finding the right advisor?

Answer a few questions to see advisors matched to you.

Fee options

Percentage

$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)

Other

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 office

227 West Monroe Street, Suite 4300

Chicago IL 60606

Advisors at this office

15

Most active in

Alabama · Alaska · Arizona · Arkansas · California · Colorado · Connecticut · Delaware · District of Columbia · Florida · Georgia · Hawaii · Idaho · Illinois · Indiana · Iowa · Kansas · Kentucky · Louisiana · Maine · Maryland · Massachusetts · Michigan · Minnesota · Mississippi · Missouri · Montana · Nebraska · Nevada · New Hampshire · New Jersey · New Mexico · New York · North Carolina · North Dakota · Ohio · Oklahoma · Oregon · Pennsylvania · Puerto Rico · Rhode Island · South Carolina · South Dakota · Tennessee · Texas · Utah · Vermont · Virgin Islands · Virginia · Washington · West Virginia · Wisconsin · Wyoming

Disclosures

Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.

Business activities & affiliations

Advisors at this firm

user avatar

Olivia V

Series 66

Chicago, IL

SpiderRock Advisors, LLC

Olivia Venezia is a financial advisor at SpiderRock Advisors, LLC with four years of industry experience. She holds a Series 66 designation and has previously worked at BlackRock and Fidelity Investments. Outside of finance, she has been involved with field hockey clubs and camps, including the Wizards Field Hockey Club and College of the Holy Cross Field Hockey Camp. SpiderRock Advisors provides discretionary investment advisory and sub-advisory services to a range of institutional and individual clients. The firm uses systematic, technical, and rules-based processes along with quantitative and fundamental analysis to manage option-based hedges and yield-enhancing overlays, offering specialized portfolio and collateral management services.

Options & derivatives strategies Concentrated stock management Tax-loss harvesting
user avatar

Kyle S

Series 63, Series 66

Chicago, IL

SpiderRock Advisors, LLC

Kyle Schneider is a financial advisor at SpiderRock Advisors, LLC with nine years of industry experience. He holds Series 63 and Series 66 designations and has worked at BlackRock Investments LLC and BlackRock since 2023, as well as at Harris Associates and Harbor Capital Advisors earlier in his career. SpiderRock Advisors provides discretionary investment advisory and sub-advisory services to institutional and individual clients, employing systematic, technical, and rules-based strategies that combine quantitative and fundamental analysis. The firm specializes in option-based hedges and yield-enhancing overlays, offering portfolio overlay, strategy management, and collateral services through both discretionary and sub-advisory mandates.

Options & derivatives strategies Concentrated stock management Tax-loss harvesting
user avatar

Christian W

Series 63, Series 65

Chicago, IL

SpiderRock Advisors, LLC

Christian Weichsel III is a financial advisor with SpiderRock Advisors, LLC in Chicago, IL. He holds Series 63 and Series 65 licenses and has two years of industry experience. Prior to joining SpiderRock Advisors, he worked at BlackRock Investments LLC and Citigroup. SpiderRock Advisors provides discretionary investment advisory and sub-advisory services to institutional and individual clients, utilizing systematic and rules-based processes alongside quantitative and fundamental analysis to manage option-based hedges and overlays. The firm serves a diverse client base including asset managers, registered investment advisers, family offices, and pension funds, and is registered with the Commodity Futures Trading Commission as a commodity trading advisor.

Options & derivatives strategies Concentrated stock management Tax-loss harvesting
user avatar

Gregory D

Series 66

Dallas, TX

SpiderRock Advisors, LLC

Gregory Dvorocsik is a financial advisor at SpiderRock Advisors, LLC with 25 years of industry experience. He holds the Series 66 designation and has worked at Merrill Lynch and BlackRock Investments, Inc. Prior to joining SpiderRock Advisors, he spent over two decades at Merrill Lynch and BlackRock. SpiderRock Advisors provides discretionary investment advisory and sub-advisory services to institutional and individual clients, including asset managers, registered investment advisers, banks, family offices, and high-net-worth individuals. The firm employs systematic, technical, and rules-based processes combined with quantitative and fundamental analysis to manage option-based hedges and yield-enhancing overlays.

Options & derivatives strategies Concentrated stock management Tax-loss harvesting
user avatar

Robert H

CFA®, Series 63, Series 66

Palm Beach Gardens, FL

SpiderRock Advisors, LLC

Robert Hicks is a CFA® charterholder with eight years of industry experience. He currently works at SpiderRock Advisors, LLC and has held positions at BlackRock Investments, Janus Distributors LLC, and Live Long Holdings LLC. Outside of his advisory role, he has been involved in managing a fitness franchise through KHR Management LLC. SpiderRock Advisors provides discretionary overlay and portfolio management services to institutional and wealth-management clients, including asset managers, registered investment advisors, and high-net-worth individuals. The firm employs a rules-based, systematic approach combining quantitative and fundamental inputs to implement strategies focused on listed derivatives and dynamic option overlays.

Options & derivatives strategies Concentrated stock management Tax-loss harvesting
user avatar

Alexander W

Series 63, Series 66

Chicago, IL

SpiderRock Advisors, LLC

Alexander Wright is an advisor at SpiderRock Advisors, LLC based in Chicago, IL. He holds Series 63 and Series 66 licenses and has one year of industry experience. His prior experience includes roles at BlackRock Investments and Boston Consulting Group. SpiderRock Advisors provides discretionary investment advisory and sub-advisory services to a diverse client base, including institutional investors and high-net-worth individuals. The firm employs systematic, rules-based processes combined with quantitative and fundamental analysis to manage option-based hedges and overlays, operating through proprietary software and real-time risk monitoring.

Options & derivatives strategies Concentrated stock management Tax-loss harvesting
user avatar

Eric M

CFA®, Series 66

Chicago, IL

SpiderRock Advisors, LLC

Eric Metz is a CFA® charterholder and holds a Series 66 license with nine years of industry experience. He is currently with BlackRock Investments, LLC and BlackRock, having joined in 2024 after nine years at SpiderRock Advisors, LLC. SpiderRock Advisors, LLC provides discretionary overlay and portfolio management services to institutional and wealth-management clients, employing a rules-based, systematic approach that integrates quantitative and fundamental inputs. The firm specializes in listed derivatives and dynamic option overlays, serving a diverse client base that includes asset managers, registered investment advisors, and high-net-worth individuals.

Options & derivatives strategies Concentrated stock management Tax-loss harvesting
user avatar

Travon L

Series 66

Chicago, IL

SpiderRock Advisors, LLC

Travon Lucius is an advisor at SpiderRock Advisors, LLC with a Series 66 credential and one year of industry experience. Prior to joining SpiderRock, he worked at BlackRock Investments LLC and BlackRock, and has experience at Wells Fargo and Emory University. Lucius has also served in the Georgia Army National Guard. SpiderRock Advisors provides discretionary investment advisory and sub-advisory services to institutional and individual clients, utilizing systematic and rules-based strategies combined with quantitative and fundamental analysis. The firm offers portfolio overlays and strategy management using derivatives alongside traditional securities, supported by proprietary software and real-time risk monitoring.

Options & derivatives strategies Concentrated stock management Tax-loss harvesting
user avatar

Daniel H

Series 66

Chicago, IL

SpiderRock Advisors, LLC

Daniel Hynes is a financial advisor at SpiderRock Advisors, LLC with one year of industry experience. He holds a Series 66 designation and has worked previously at BlackRock Investments LLC, Halo Investing, and Northern Trust Company. SpiderRock Advisors provides discretionary investment advisory and sub-advisory services to institutional and individual clients, including asset managers, registered investment advisers, banks, broker-dealers, family offices, and high-net-worth individuals. The firm utilizes systematic, technical, and rules-based processes combined with quantitative and fundamental analysis to manage option-based hedges and yield-enhancing overlays.

Options & derivatives strategies Concentrated stock management Tax-loss harvesting
user avatar

Mary Welby H

Series 63, Series 65, Series 66

East Hampton, NY

SpiderRock Advisors, LLC

Mary Welby Hughes is a financial advisor at SpiderRock Advisors, LLC with four years of industry experience. She holds the Series 63, Series 65, and Series 66 licenses. Her prior work includes roles at BlackRock Investments, LLC, Stratifi, LLC, and Wellington Management. SpiderRock Advisors provides discretionary overlay and portfolio management services to institutional and wealth-management clients, employing a rules-based, systematic approach that integrates quantitative and fundamental inputs. The firm specializes in listed derivatives and dynamic option overlays to manage portfolio exposures and enhance yield.

Options & derivatives strategies Concentrated stock management Tax-loss harvesting
user avatar

Grace K

Series 63, Series 65

Chicago, IL

SpiderRock Advisors, LLC

Grace Kramer is a financial advisor at SpiderRock Advisors, LLC with two years of industry experience. She holds the Series 63 and Series 65 designations. Her prior work includes roles at BlackRock Investments LLC and PNC Capital Markets, LLC. Outside of finance, she has worked in the food industry with Bourbon Barrell Foods. SpiderRock Advisors provides discretionary investment advisory and sub-advisory services to institutional and individual clients, employing systematic, quantitative, and rules-based approaches that combine derivatives and traditional securities. The firm offers specialized overlay and strategy management services supported by proprietary technology and is an indirect subsidiary of BlackRock.

Options & derivatives strategies Concentrated stock management Tax-loss harvesting
user avatar

Jonathan M

Series 63, Series 66

Denver, CO

SpiderRock Advisors, LLC

Jonathan Miller is a financial advisor at SpiderRock Advisors, LLC with 24 years of industry experience. He holds Series 63 and Series 66 licenses and has worked at BlackRock Investments, Virtus Investment Partners, and VP Distributors LLC. SpiderRock Advisors provides discretionary overlay and portfolio management services to institutional and wealth-management clients, using a rules-based, systematic approach combined with quantitative and fundamental inputs. The firm emphasizes listed derivatives and dynamic option overlays to manage risk and enhance portfolio returns.

Options & derivatives strategies Concentrated stock management Tax-loss harvesting
user avatar

Colleen S

Series 66

Bernardsville, NJ

SpiderRock Advisors, LLC

Colleen Sylvester is a financial advisor at SpiderRock Advisors, LLC with 15 years of industry experience. She holds a Series 66 designation and has been with BlackRock since 2010. SpiderRock Advisors provides discretionary investment advisory and sub-advisory services to a range of clients including institutional investors, family offices, and high-net-worth individuals. The firm employs systematic, technical, and quantitative strategies combined with fundamental analysis to deliver option-based hedges and yield-enhancing overlays, operating under proprietary software and real-time risk monitoring.

Options & derivatives strategies Concentrated stock management Tax-loss harvesting
user avatar

Anna Claire M

Series 66

Chicago, IL

SpiderRock Advisors, LLC

Anna Claire Martins is a financial advisor at SpiderRock Advisors, LLC with three years of industry experience. She holds a Series 66 designation and previously worked at Morgan Stanley for four years before joining BlackRock Investments in 2026. SpiderRock Advisors provides discretionary investment advisory and sub-advisory services to institutional and individual clients, utilizing systematic, technical, and quantitative approaches with proprietary software to manage option-based hedges and yield-enhancing overlays. The firm serves a diverse client base including asset managers, family offices, pension funds, and private funds.

Options & derivatives strategies Concentrated stock management Tax-loss harvesting
user avatar

Fredric K

Series 66

Sharon, MA

SpiderRock Advisors, LLC

Fredric Kaplan is a financial advisor at SpiderRock Advisors, LLC with two years of industry experience. He holds a Series 66 designation and has previously worked at BlackRock, Guardian Life Insurance Company, and Park Avenue Securities. Kaplan’s career also includes roles at SMB Capital and CrossTower. SpiderRock Advisors provides discretionary investment advisory and sub-advisory services to institutional and individual clients, employing systematic, technical, and rules-based processes combined with quantitative and fundamental analysis. The firm specializes in portfolio overlay and strategy management using listed derivatives alongside traditional securities and offers collateral management and over-the-counter derivatives support.

Options & derivatives strategies Concentrated stock management Tax-loss harvesting
View complete list of advisors at this firm
Warmer team member

Not sure where to start?

We'll help you think it through—whether you ultimately need an advisor or not. Warmer helps you compare advisors clearly, so you can choose with confidence.

Find your advisor

For advisor listings, we rely on sources including public filings and data provided by advisors, and we cannot guarantee that all information is current or accurate. Advisors are independent and may not have reviewed or updated this information. Please review an advisor’s Form ADV and do your own diligence before deciding whether to work with them.

Advisor matching and introductions are provided by FinanceHQ LLC (“FHQ”), a wholly-owned subsidiary of Warmer and an SEC-registered investment advisor. We receive compensation from certain participating advisors for introductions or referrals. This creates a conflict of interest because we have an incentive to recommend advisors who compensate us, including those who pay us more. You pay no fee to use our matching service, and advisor fees are not increased because of a referral or introduction. We do not review the ongoing performance of advisors, manage or hold assets, guarantee performance, or provide advice about specific investments.

By using our service, you agree to our Terms of Service and Advisory Agreement, and acknowledge our Privacy Policy. Please review FHQ’s ADV Part 2A and Form CRS. Logos provided by Logo.dev

© 2026 Warmer Holdings Inc. (“Warmer”)