Iolite Asset Management is a registered investment advisor based in Chicago, Illinois. The firm provides continuous investment portfolio management tailored to each client's specific goals, risk tolerance, time horizon, and liquidity needs. Client accounts can be managed on a discretionary basis, where Iolite Asset Management makes trades without prior permission, or a non-discretionary basis. In addition to general portfolio management, Iolite Asset Management offers several specialized investment strategies, including the Strategic Knight All Cap Allocation, Global Equity Income Portfolio, Triple Income Options Program, ETF Advisor, and Concentrated High-Growth. Clients can choose individual strategies or combine them through the Managed Asset Portfolios program. Iolite Asset Management works with individual investors, high-net-worth individuals, pension and profit-sharing plans, and corporations. The firm requires a minimum investment of $25,000 to open an account, though this may be negotiable under certain circumstances.
Fee Structure
Portfolio-Based Fees (Flat)
| Portfolio Value | Annual Fee |
|---|---|
| Any | 1.25% |
Fees range between 0.25% and 1.25% per year depending on the specific program. Specific strategies have set rates: ETF Advisor at 0.25%, MAP Select, Strategic Knight, and Global Equity Income at 0.50%, Strategic Knight with Hedge Overlay at 0.60%, and Triple Income Options and Concentrated High-Growth at 0.90%. Fees are negotiable.