Karen Sotallaro is a CFP-designated registered investment advisor at Cresset Asset Management, LLC, based in Chicago, IL, with 20 years of industry experience. Karen operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Business Owners, Estate Planning, Financial Planning & Coaching, High Net Worth, and 3 more. Their firm serves 4,631 clients with $72B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $5.0M | 1.25% |
| $5.0M - $10.0M | 1.10% |
| $10.0M - $25.0M | 0.90% |
| $25.0M - $50.0M | 0.80% |
| $50M+ | 0.70% |
Also offers a "Waterfall Fee" schedule: $5M-$10M: 0.90%, $10M-$25M: 0.80%, $25M-$50M: 0.70%, $50M+: 0.60%. Minimum fee is the lesser of $25,000 or 2.00% of managed assets. Fees may be negotiable.
Fee Estimator
Location
444 W. Lake Street, Suite 4700, Chicago, IL, 60606
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Regulatory History
No disclosures, customer disputes, or regulatory actions on file.
Disclosures include customer complaints, regulatory actions, and other events that advisors must report to the SEC. A clean record means none have been reported.
Learn about disclosures →Other Business Activities
Karen is the President, Board Member, and Treasurer of the Rotary Club of Houston, dedicating a few hours per week to board and finance committee meetings, reviewing financials, and approving invoices. Karen also works as an Independent Consultant for Rodan + Fields, selling skincare products for a few hours per week.
Employment History
Current Registrations
Cresset Asset Management, LLC
Previous Registrations
Oak Harvest Investment Services
Asset Management Advisors INC
D.H. Hill Securities, LllpBroker
Sagepoint Financial, INC.
Sagepoint Financial, INC.Broker
Wfg Investments, INC.Broker
UBS Financial Services INC.
UBS Financial Services INC.Broker
Morgan Stanley Smith Barney LLC
Morgan Stanley Smith BarneyBroker
Citigroup Global Markets INC.
Citigroup Global Markets INC.Broker
Salomon Smith Barney INC.Broker
Prudential Securities IncorporatedBroker
State Registrations1 state
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