Sussex Financial Group, Inc. (Northbrook)

Sussex Financial Group, Inc. is a mid-sized advisory firm based in Northbrook. It manages $32.61 million of regulatory assets for 144 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdiction of Illinois.

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

Sussex Financial Group: assets under management

The assets under management (AUM) of Sussex Financial Group, Inc. is $32.61 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -47% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $32.61 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $226.43 thousand each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Sussex Financial Group, Inc. for their services and products based on a percentage of assets under management and hourly charges. 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 Sussex Financial Group, Inc.

Marvin Stewart Heiman has been acting as President since 1 Jun 1986. Scott Andrew Heiman joined the executive team most recently as the Vice President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Marvin Stewart Heiman	President	1 Jun 1986	75% - 100%	1091724
Scott Andrew Heiman	Vice-president	1 Apr 1999	Other	1847535

Based in Northbrook

The principal office where Sussex Financial Group, Inc. performs its advisory services is located at 60 Revere Drive, Northbrook, IL 60062, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.