# Altman Advisors

Altman Advisors is a Multi Family Office based in Chicago, United States.

## Overview

- **Organization type:** Multi Family Office
- **Headquarters:** Chicago, United States
- **Region:** North America
- **Address:** Chicago, IL, United States
- **Founded:** 2016
- **Assets under management:** $428 million (Altss estimate)
- **Website:** www.altmanadvisors.com
- **LinkedIn:** https://www.linkedin.com/company/altman-advisors/

## Regulatory record

- **CRD number:** 281778
- **SEC file number:** 801-108135
- **Registration status:** APPROVED
- **Latest Form ADV filing:** 2026-03-18T05:00:00.000Z
- **Reports private funds:** No
- **Private funds reported:** 0
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/281778

## About

Altman Advisors became an independent multi-family office in 2016 after Sheldon Altman built an asset-management practice that began in 1977. Benjamin Altman joined his father at UBS in 2003 and led the transition to the new fiduciary entity. The wealth origin lies in the principals' long careers in discretionary portfolio management and financial planning rather than a single operating company. The firm allocates across private equity, real estate and mission-related investments. It executes direct holdings and works through fund commitments. Confirmed positions include exposure to real-estate assets and private-equity strategies. Geographic reach covers North America and the Middle East & Central Asia. Clients receive discretionary asset allocation, options overlay and liability management within a fee-based model. Altman Advisors employs a leadership team of five named partners and maintains a total staff that supports both the Asset Management Group and the Family Office Group. The firm operates from its Chicago headquarters. In 2025 it breached $450 million under management. Benjamin Altman holds memberships in YPO Chicagoland, YPO United Mosaic, EO Chicago, EO Israel and the Israeli Economic Forum. The firm operates as a registered investment adviser that delivers both investment management and family-office administration under one roof. This hybrid model allows the same team to handle portfolio construction, tax planning, estate documents and philanthropic structuring without external referrals for core services.

## Sectors

- Real Estate
- Private Equity
- Philanthropy

## People

- Sheldon Altman — Chairman and Founder
- Benjamin Altman — CEO and Chief Investment Officer
- Michael Santarelli — Managing Partner and Director of Asset Management Group
- Ethan Goff — Managing Partner and Director of Marketing & Sales
- George Rudawski — Partner and Senior Portfolio Manager

## Questions

### Who runs investment decisions at Altman Advisors?

Benjamin Altman serves as CEO and Chief Investment Officer. Michael Santarelli directs the Asset Management Group. George Rudawski manages the credit portfolio.

### How does Altman Advisors source proprietary deal flow?

The firm relies on long-standing relationships developed since 1977 and referrals that account for over 97 percent of clients. It also draws on memberships in YPO and EO chapters.

### Does Altman Advisors participate in fund commitments or only direct deals?

The firm uses both fund commitments and direct holdings within its private-equity and real-estate allocations.

### What investment stages does Altman Advisors typically target?

The firm focuses on long-term holdings suitable for multi-generational plans rather than early-stage venture or short-term trading.

## Related profiles

- [Clelland & Company](https://altss.com/profile/clelland-company-inc)
- [Shassel Investment](https://altss.com/profile/shassel-investment)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/altman-advisors

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