SpiderRock Advisors, LLC logo

SpiderRock Advisors, LLC

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Client assets under management

$8,395,681,009

Clients

4,300

46% high-net worth

Advisors

12

of 61 employees

Firm type

Multi Team

Clients per advisor

358

Very High

Average account size

$1,952,484

About

SpiderRock Advisors, LLC provides discretionary investment advisory and sub-advisory services to a mix of institutional and individual clients, including other asset managers, registered investment advisers, banks, broker‑dealers, family offices, high‑net‑worth individuals, pension funds, endowments, and private funds through separately managed accounts. The firm offers portfolio overlay and strategy management services that use listed derivatives alongside more traditional securities, and it also provides collateral management and assistance with over‑the‑counter derivatives to advisors and intermediaries.

SRA combines systematic, technical, and rules‑based processes with quantitative and fundamental analysis, operating through proprietary software and real‑time risk monitoring to construct and rebalance option‑based hedges and yield‑enhancing overlays. Its strategies include FLEX Options and tailored overlays such as its SpiderRock Capital Efficient Borrowing (SRCEB) synthetic borrowing package and various hedged equity and index replication models, implemented on a discretionary basis or via sub‑advisory mandates.

The firm is notable for being registered with the Commodity Futures Trading Commission as a commodity trading advisor and for its membership in the National Futures Association, and the brochure discloses an exemption related to CFTC filing for certain qualified eligible persons. SpiderRock is an indirect wholly‑owned subsidiary of BlackRock, which the brochure cites as a source of affiliate arrangements and operational support, and the firm emphasizes working with other investment advisers and pooled vehicles (including private funds and SMA mandates), as well as permitting paired or “layered” options strategies that may be implemented on the same underlying assets.

Client services

Portfolio management
Advisory services for other investment advisers, pension funds and family offices

Expertise

Options & derivatives strategies Concentrated stock management Tax-loss harvesting

Fee options

Percentage

$0+: 0.50% annually (SpiderRock Hedged Equity Concentrated Stock - SRHEC, SpiderRock Hedged Equity Portfolio - SRHEP, SpiderRock Cash Secured Put - SRCSP, SpiderRock Capital Efficient Borrowing - SRCEB) $0+: 0.60% annually (SpiderRock Managed Index Income - SRMII, SpiderRock Structured Note Replication - SRSNR, SpiderRock Index/Stock Replacement - SRISR) $0+: 0.70% annually (SpiderRock Opportunistic Yield Enhancement - SROYE) $0+: 0.85% annually (SpiderRock Exchange Fund Replication - SREFR)

Other

Minimum fee: Minimum annual fee may be applied in certain cases but is negotiable and can be waived at SRA's discretion

Main office location

SpiderRock Advisors, LLC

227 West Monroe, Suite 4300

Chicago IL 60606, United States

Number of offices

4

Most active in

Alabama · Alaska · Arizona · Arkansas · California · Colorado · Connecticut · Delaware · District of Columbia · Florida · Georgia · Hawaii · Idaho · Illinois · Indiana · Iowa · Kansas · Kentucky · Louisiana · Maine · Maryland · Massachusetts · Michigan · Minnesota · Mississippi · Missouri · Montana · Nebraska · Nevada · New Hampshire · New Jersey · New Mexico · New York · North Carolina · North Dakota · Ohio · Oklahoma · Oregon · Pennsylvania · Puerto Rico · Rhode Island · South Carolina · South Dakota · Tennessee · Texas · Utah · Vermont · Virgin Islands · Virginia · Washington · West Virginia · Wisconsin · Wyoming

Disclosures

Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.

Business activities & affiliations

Advisors at this firm

user avatar

Olivia V

Series 66

Chicago, IL

SpiderRock Advisors, LLC

Olivia Venezia is a financial advisor at SpiderRock Advisors, LLC with three years of industry experience. She holds a Series 66 designation and has worked at BlackRock and Fidelity Investments. Outside of finance, she has been involved with field hockey programs and clubs over several years. SpiderRock Advisors provides discretionary overlay and portfolio management services to a range of clients including institutional investors, wealth managers, and high-net-worth individuals. The firm employs a rules-based, systematic approach combining quantitative and fundamental inputs, with a focus on listed derivatives and dynamic option overlays.

Options & derivatives strategies Concentrated stock management Tax-loss harvesting
user avatar

Gregory D

Series 66

Dallas, TX

SpiderRock Advisors, LLC

Gregory Dvorocsik is a financial advisor at SpiderRock Advisors, LLC with 25 years of industry experience. He holds a Series 66 designation and has worked at Merrill Lynch Investment Managers and BlackRock Investments since 2006, with a career at Merrill Lynch dating back to 2000. SpiderRock Advisors provides discretionary overlay and portfolio management services to institutional and wealth-management clients, utilizing a rules-based, systematic approach that combines quantitative and fundamental inputs. The firm is known for its focus on listed derivatives and dynamic option overlays, serving a diverse client base including asset managers, registered investment advisors, banks, family offices, pension funds, and high-net-worth individuals.

Options & derivatives strategies Concentrated stock management Tax-loss harvesting
user avatar

Robert H

CFA®, Series 63, Series 66

Chicago, IL

SpiderRock Advisors, LLC

Robert Hicks is a CFA® charterholder with eight years of industry experience. He currently works at SpiderRock Advisors, LLC and has held positions at BlackRock Investments, Janus Distributors LLC, and Live Long Holdings LLC. Outside of his advisory role, he has been involved in managing a fitness franchise through KHR Management LLC. SpiderRock Advisors provides discretionary overlay and portfolio management services to institutional and wealth-management clients, including asset managers, registered investment advisors, and high-net-worth individuals. The firm employs a rules-based, systematic approach combining quantitative and fundamental inputs to implement strategies focused on listed derivatives and dynamic option overlays.

Options & derivatives strategies Concentrated stock management Tax-loss harvesting
user avatar

Eric M

CFA®, Series 66

Chicago, IL

SpiderRock Advisors, LLC

Eric Metz is a CFA® charterholder and holds a Series 66 license with nine years of industry experience. He is currently with BlackRock Investments, LLC and BlackRock, having joined in 2024 after nine years at SpiderRock Advisors, LLC. SpiderRock Advisors, LLC provides discretionary overlay and portfolio management services to institutional and wealth-management clients, employing a rules-based, systematic approach that integrates quantitative and fundamental inputs. The firm specializes in listed derivatives and dynamic option overlays, serving a diverse client base that includes asset managers, registered investment advisors, and high-net-worth individuals.

Options & derivatives strategies Concentrated stock management Tax-loss harvesting
user avatar

Mary Welby H

Series 63, Series 65, Series 66

East Hampton, NY

SpiderRock Advisors, LLC

Mary Welby Hughes is a financial advisor at SpiderRock Advisors, LLC with four years of industry experience. She holds the Series 63, Series 65, and Series 66 licenses. Her prior work includes roles at BlackRock Investments, LLC, Stratifi, LLC, and Wellington Management. SpiderRock Advisors provides discretionary overlay and portfolio management services to institutional and wealth-management clients, employing a rules-based, systematic approach that integrates quantitative and fundamental inputs. The firm specializes in listed derivatives and dynamic option overlays to manage portfolio exposures and enhance yield.

Options & derivatives strategies Concentrated stock management Tax-loss harvesting
user avatar

Jonathan M

Series 63, Series 66

Denver, CO

SpiderRock Advisors, LLC

Jonathan Miller is a financial advisor at SpiderRock Advisors, LLC with 24 years of industry experience. He holds Series 63 and Series 66 licenses and has worked at BlackRock Investments, Virtus Investment Partners, and VP Distributors LLC. SpiderRock Advisors provides discretionary overlay and portfolio management services to institutional and wealth-management clients, using a rules-based, systematic approach combined with quantitative and fundamental inputs. The firm emphasizes listed derivatives and dynamic option overlays to manage risk and enhance portfolio returns.

Options & derivatives strategies Concentrated stock management Tax-loss harvesting
user avatar

Colleen S

Series 66

Bernardsville, NJ

SpiderRock Advisors, LLC

Colleen Sylvester is a financial advisor at SpiderRock Advisors, LLC with over 16 years of experience, including her current role at BlackRock since 2010. She holds a Series 66 designation. SpiderRock Advisors provides discretionary overlay and portfolio management services to a range of institutional and wealth-management clients, utilizing a systematic approach that combines quantitative and fundamental inputs. The firm specializes in listed derivatives and dynamic option overlays to manage portfolio exposures and enhance yield.

Options & derivatives strategies Concentrated stock management Tax-loss harvesting
user avatar

Matthew A

Series 66

Lone Tree, CO

SpiderRock Advisors, LLC

Matthew Andrews is a financial advisor at SpiderRock Advisors, LLC with one year of industry experience. He holds the Series 66 designation and previously worked at BlackRock Investments, BridgeBurners Consulting Group, and other firms. SpiderRock Advisors provides discretionary overlay and portfolio management services to institutional and wealth-management clients, including asset managers, banks, family offices, pension funds, and high-net-worth individuals. The firm uses a rules-based, systematic approach combining quantitative and fundamental inputs, emphasizing listed derivatives and dynamic option overlays to manage portfolio risks and enhance returns.

Options & derivatives strategies Concentrated stock management Tax-loss harvesting
user avatar

David D

Series 66

Chicago, IL

SpiderRock Advisors, LLC

David Donnelly is a financial advisor at SpiderRock Advisors, LLC with 12 years of industry experience. He holds a Series 66 designation and has worked at BlackRock Investments, LLC since 2024. Outside of his advisory role, he provides advice to the CEO of Trove, LLC, a company that offers loans to individuals. SpiderRock Advisors, LLC provides discretionary overlay and portfolio management services to institutional and wealth-management clients, utilizing a rules-based, systematic approach that combines quantitative and fundamental inputs. The firm is known for its expertise in listed derivatives and dynamic option overlays, serving a diverse client base including asset managers, family offices, and pension funds.

Options & derivatives strategies Concentrated stock management Tax-loss harvesting
user avatar

Dennis O

Series 63, Series 65

Chicago, IL

SpiderRock Advisors, LLC

Dennis O'Malley Jr. is a financial advisor at SpiderRock Advisors, LLC with 13 years of industry experience. He holds Series 63 and Series 65 licenses and has worked at firms including BlackRock Investments LLC, Northern Trust, and Goldman Sachs. Outside of finance, he is the founder of Top Corner Enterprises LLC, an e-commerce business involved in Etsy and Amazon affiliate marketing. SpiderRock Advisors provides discretionary overlay and portfolio management services to institutional and wealth-management clients, employing a rules-based, systematic approach that integrates quantitative and fundamental inputs. The firm specializes in listed derivatives and dynamic option overlays, serving a diverse client base that includes asset managers, registered investment advisors, banks, broker-dealers, family offices, pension funds, and high-net-worth individuals.

Options & derivatives strategies Concentrated stock management Tax-loss harvesting
user avatar

James S

Series 66

Chicago, IL

SpiderRock Advisors, LLC

James Schmelter II is a financial advisor at SpiderRock Advisors, LLC with one year of industry experience. He holds the Series 66 designation and has worked at BlackRock Investments LLC since 2024. His prior experience includes roles at BlackRock and C.W. Henderson & Associates. SpiderRock Advisors, LLC provides discretionary overlay and portfolio management services to institutional and wealth-management clients, utilizing a rules-based, systematic approach combined with quantitative and fundamental inputs. The firm specializes in listed derivatives and dynamic option overlays to manage portfolio exposures and enhance yield, serving a diverse client base that includes asset managers, registered investment advisors, banks, and high-net-worth individuals.

Options & derivatives strategies Concentrated stock management Tax-loss harvesting
user avatar

Adam B

Series 65, Series 66

Venice, CA

SpiderRock Advisors, LLC

Adam Butterfield is a financial advisor at SpiderRock Advisors, LLC with nine years of industry experience. He holds Series 65 and Series 66 licenses and has worked at BlackRock and its affiliates since 2017, with prior experience at Lucas Group and Stout Risius Ross. SpiderRock Advisors provides discretionary overlay and portfolio management services to institutional and wealth-management clients, employing a rules-based, systematic approach that integrates quantitative and fundamental inputs. The firm specializes in listed derivatives and dynamic option overlays, serving a diverse client base including asset managers, registered investment advisors, and high-net-worth individuals.

Options & derivatives strategies Concentrated stock management Tax-loss harvesting
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