Iht Wealth Management LLC (Chicago)

Iht Wealth Management LLC is a large advisory firm based in Chicago. It manages $1.27 billion of regulatory assets for 7,628 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Alabama, Arizona, Arkansas, and 30 other states.

Iht Wealth Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Iht Wealth Management: assets under management

The assets under management (AUM) of Iht Wealth Management LLC is $1.27 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 1450% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.27 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $166.21 thousand each.

Iht Wealth Management has custody of $166.1 million in cash and securities for 579 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 61% of the total AUM. The second-largest asset type is exchange traded securities, which make up 27% of the firm’s portfolio. Investments in other assets form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Iht Wealth Management LLC 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.

What kind of clients Iht Wealth Management serves?

The firm provides services to individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of Iht Wealth Management is individuals with 4,317 clients and $879.26 million of assets under management. Among the 10 most similar advisory firms, Iht Wealth Management has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $1.27 billion for 5,294 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Iht Wealth Management doesn't advise any private funds.

Careers at Iht Wealth Management LLC

The company employs 153 people that are either part- or full-time employees. 65 percent of the employees work as investment advisers or researchers. 99 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Steven John Dudash	President & cco	1 May 2014	75% - 100%	3236757
Gery Joseph Sadzewicz	Chief compliance officer	1 Jan 2018	Other	1090963
Corianne Leyton	Chief operations officer	1 May 2018	Other	6016211

Based in Chicago

The principal office where Iht Wealth Management LLC performs its advisory services is located at 123 N. Wacker Dr., Chicago, IL 60606, which is also the mailing address of the firm. An additional office of the firm is in Elgin, IL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 855-295-2828 or by fax 312-754-1360. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday.