ALTERNATIVE INVESTMENT RESOURCE, LLC

C32
CRD 288165·SEC 801-110958·CHICAGO, IL
AUM
$754.2M
$500M-$1B
Est. Revenue
$7.5M
@ 1% on AUM
Est. EBITDA
$2.3M
@ 30% margin
Est. Deal Value
$18.1M
@ 8× EBITDA

Identity

Registrations & legal identity

Legal name
ALTERNATIVE INVESTMENT RESOURCE, LLC
CRD
288165
SEC file #
801-110958
EIN
844057600
DBA names
Air Asset Management

Economics

AUM
$754.2M
AUM band
$500M-$1B
AUM trajectory
'20'26
$174.6M → $754.2M▲ +332%
Client mix
Pooled Investment Vehicles13
Other Investment Advisers1

Operations

Employees (total)
18
Advisory staff (per ADV)
5
Advisory staff (5-yr trend)
'20'26
2 advisors → 5 advisors▲ +150%
Primary office
CHICAGO IL
Branches

Custodian & Brokerage

Primary custodian
Wells Fargolow confidence
Services offered
Portfolio mgmt — pooled vehiclesPortfolio mgmt — businessesSelection of other advisers
Fee basis
% of AUMFixed feesPerformance-based fees

Filings

Latest ADV filing
03/31/2026
ADV-W filed at

Compliance

Disclosures (firm)
0
Trademark
Additional signalsExpand ▾

Ownership & succession ★

Who controls the firm + pre-computed succession flags

Top Owner Name
BELEUTZ, RICHARD, NESTOR
Top Owner Pct
62.5
Top Owner Entity Kind
I
Owner Count
6
Control Persons
BELEUTZ, RICHARD, NESTOR
RICHARD BELEUTZ, LTD.
Solo Advisor Indicator
No
Succession Risk Solo Owner
No
Is Parent Owned Subsidiary
No

Availability / M&A ★

Already-acquired = skip; deal comps

Adv W Filed
No

Web presence ★

Stale website = winding down

Web Signal Quality
fallback_guess:alternativeresource.com

Retirement-plan book (Form 5500) ★

401(k)/plan business — cross-sell value

Retirement Plan Book
No

SEC EDGAR

Edgar Cik
0001800499
Edgar Registered
Yes
Edgar Filing Count
7
Edgar First Filing Date
2020-01-17
Edgar Last Filing Date
2026-01-27
Edgar Form D Count
7
Edgar Form D Offerings
2026-01-272026-01-27 · 0001800499-26-000001
2025-01-222025-01-22 · 0001800500-25-000002

Compliance & brand

Firm Registration Status
active

All other collected signals (12)

Everything else we've pulled for this record, not yet curated into a section.

Adv W Recently Filed
No
Bc Firm Active Bc Count
0
Bc Firm Active IA Count
0
Bc Firm IAR Count
0
Custodian Candidates
Full
Wells Fargo6
E*trade4
Edgar Addresses
Mailing
C/O AIR LIFE SMA MANAGEMENT, LLC333 S. WABASH AVENUE, SUITE 2714CHICAGO, IL 60604
Business
C/O AIR LIFE SMA MANAGEMENT, LLC333 S. WABASH AVENUE, SUITE 2714CHICAGO, IL 60604
Edgar EIN
844057600
Edgar Recent Filings
D/A2026-01-27 · 0001800499-26-000001
D/A2025-01-22 · 0001800500-25-000002
Firm Has Custody
Yes
Mailing Office Differs
No
Top Owner CRD
2403229
Trust Company Affiliate
Yes