Wealth Financial Advisory Services, LLC (Buffalo Grove)

Name: Wealth Financial Advisory Services, LLC
Address: 1130 W Lake Cook Road, Buffalo Grove, IL, 60089
Telephone: 888-245-2388

Wealth Financial Advisory Services, LLC is a multi-state adviser based in Buffalo Grove. It manages $82.74 million of regulatory assets for 1,049 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of Arkansas, California, Colorado, and 17 other states.

Wealth Financial Advisory Services provides financial planning services, portfolio management for individuals and small businesses, selection of other advisers, publication of newsletters, and educational seminars and workshops. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Wealth Financial Advisory Services: assets under management

The assets under management (AUM) of Wealth Financial Advisory Services, LLC is $82.74 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 81% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $82.74 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $78.87 thousand each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Wealth Financial Advisory Services, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

Careers at Wealth Financial Advisory Services, LLC

Gabriel David Lewit has been acting as President since 1 May 2011. Steven James Thomas joined the executive team most recently as the Chief Operating Officer / Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Gabriel David Lewit	President	1 May 2011	25% - 50%	5845816
Steven James Thomas	Chief operating officer / chief compliance officer	1 Jul 2014	Other	1274392

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Steven Richard Lewit	Owner	1 May 2014	25% - 50%	3262075
Kurt Arseneau	Owner	1 May 2014	25% - 50%	6471130
Kurt Michael Arseneau	Owner	1 May 2014	25% - 50%	6471130

Based in Buffalo Grove

The principal office where Wealth Financial Advisory Services, LLC performs its advisory services is located at 1130 W Lake Cook Road, Buffalo Grove, IL 60089, which is also the mailing address of the firm. An additional office of the firm is in Farmington, CT. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 888-245-2388 or by fax 847-499-3457. The normal business hours are 9:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at wfadvisory.com.