Wealth Strategist Partners, LLC (Chicago)

Name: Wealth Strategist Partners, LLC
Address: 180 North Stetson Ave, Chicago, IL, 60601
Telephone: 312-863-6080

Wealth Strategist Partners, LLC is a large advisory firm based in Chicago. It manages $262.19 million of regulatory assets for 12 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdiction of Illinois.

Wealth Strategist Partners provides portfolio management for individuals and small businesses, selection of other advisers, educational seminars and workshops, and portfolio management for family limited partnerships. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Wealth Strategist Partners: assets under management

The assets under management (AUM) of Wealth Strategist Partners, LLC is $262.19 million. The company doesn't manage any assets belonging to foreign clients.

Investments

The firm invests in exchange traded securities the most. They account for 40% of the total AUM. The second-largest asset type is pooled investment vehicles, which make up 32% of the firm’s portfolio. Investments in investment and business development companies form 12% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Wealth Strategist Partners, LLC for their services and products based on a percentage of assets under management 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.

What kind of clients Wealth Strategist Partners serves?

The firm provides services to high net worth individuals and pension and profit sharing plans. The largest group of clients of Wealth Strategist Partners is high net worth individuals with 6 clients and $28.99 million of assets under management. Among the 12 most similar advisory firms, Wealth Strategist Partners has the 5th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $34.47 million for 7 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.

Wealth Strategist Partners doesn't advise any private funds.

Careers at Wealth Strategist Partners, LLC

The company employs 7 people that are either part- or full-time employees. 86 percent of the employees work as investment advisers or researchers. No 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
Stuart Emig Lucas	Chairman, member, elected manager	1 Feb 2004	50% - 75%	4517415
Susan Koenigsberg Lucas	President, chief compliance officer, member, elected manager	1 Nov 2005	50% - 75%	5923436
Stuart Emig Lucas	Co-managing partner, chief investment officer, managing member	1 Jan 2018	25% - 50%	4517415
Susan Koenigsberg Lucas	Chief compliance officer, chief operating officer, managing member	1 Jan 2018	Other	5923436
Rodney Louis Goldstein	Co-managing partner, managing member	1 Jan 2018	25% - 50%	6011240
Stuart E. Lucas 1991 Trust	Member	1 Jan 2018	25% - 50%	xxx-xx-xxxx
Susan Koenigsberg Lucas 2001 Trust	Member	1 Jan 2018	Other	xxx-xx-xxxx

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Susan Koenigsberg Lucas	Trustee	1 Oct 2001	Other	5923436
Stuart Emig Lucas	Trustee	1 Oct 2001	Other	4517415

Based in Chicago

The principal office where Wealth Strategist Partners, LLC performs its advisory services is located at 180 North Stetson Ave, Chicago, IL 60601, 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 312-863-6080 or by fax 312-863-6087. The normal business hours are 9 am to 6 pm on Monday - Friday. You can find more information about the New York firm at wealthstrategistpartners.com/ and its LinkedIn profile.