Alterra Group LLC is a registered investment advisor founded in October 2025 and based in River Edge, New Jersey. The firm is led by Youwei (Jimmy) Jing and Jason Chen. Alterra specializes in providing investment advice focused on implementing a complex derivatives strategy known as a short box spread. This strategy allows clients to borrow cash against their existing securities as a lower-cost alternative to traditional broker-dealer margin loans or bank-issued securities-based lines of credit. Alterra manages this strategy on either a discretionary or non-discretionary basis, helping clients determine the appropriate size of the box spread, select option expiration dates, and execute new options when existing ones expire. The firm exclusively utilizes exchange-traded, European-style, cash-settled index options tied to the S&P 500 Index to eliminate early assignment risk. Alterra does not engage in holistic financial planning, and its services are strictly limited to constructing and maintaining this specific borrowing strategy.
Fee Structure
Portfolio-Based Fees (Flat)
| Portfolio Value | Annual Fee |
|---|---|
| Any | 1.00% |
Advisory fee ranges from 0% to 1% annually, with a standard rate of 0.50%. Fees are negotiated at the firm's discretion based on criteria such as account composition and asset amount.