Billimoria Wealth Management, Inc. (Schaumburg)

Billimoria Wealth Management, Inc. is a large advisory firm based in Schaumburg. It manages $53.26 million of regulatory assets for 130 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdictions of Arizona and Illinois.

Billimoria Wealth Management provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Billimoria Wealth Management: assets under management

The assets under management (AUM) of Billimoria Wealth Management, Inc. is $53.26 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -18% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $53.26 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $409.68 thousand each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Billimoria Wealth Management, Inc. for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and performance-based 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 Billimoria Wealth Management, Inc.

Farokh Bill Billimoria has been acting as President since 1 May 1983. Inc. Summit Capital Holdings joined the executive team most recently as the Direct Owner.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Farokh Bill Billimoria	President/secretary/treasurer/director	1 May 1983	75% - 100%	1103365
Farokh Bill Billimoria	Chief investment officer	1 Nov 2003	Other	1103365
Inc. Summit Capital Holdings	Direct owner	1 Nov 2003	75% - 100%	34-1858904
Angelo Anthony Alleca	Principal	1 Nov 2003	Other	2326763
Mark Darren Morrow	Principal	1 Nov 2003	Other	1708880

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Mark Darren Morrow	Principal	1 Oct 1997	50% - 75%	1708880
Angelo Anthony Alleca	Principal	1 Oct 1997	50% - 75%	2326763

Based in Schaumburg

The principal office where Billimoria Wealth Management, Inc. performs its advisory services is located at 1933 N Meacham Rd, Ste 200, Schaumburg, IL 60173, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 847-925-1800 or by fax 847-925-1802. The normal business hours are 8:30 am - 5:00 pm on Monday - Friday.