Insight Securities, Inc. (Highland Park)

Name: Insight Securities, Inc.
Address: 600 Central Ave., Highland Park, IL, 60035
Telephone: 224-632-4700

Insight Securities, Inc. is a large advisory firm based in Highland Park. It manages $213.26 million of regulatory assets for 247 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of Alabama, Arizona, California, and 32 other states.

Insight Securities 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 less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Insight Securities: assets under management

The assets under management (AUM) of Insight Securities, Inc. is $213.26 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 105% since the beginning of its operation, and $150 million of the total AUM is attributable to clients outside of the United States.

The firm manages $213.26 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $863.42 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 66% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 13% of the firm’s portfolio. Investments in derivatives form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Insight Securities, Inc. for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and commissions. 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 Carlos Javier Legaspy serves?

The firm provides services to individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of Carlos Javier Legaspy is corporations or other businesses with 43 clients and $150.11 million of assets under management. Among the 9 most similar advisory firms, Insight Securities has the highest percentage of corporations or other businesses out of all clients.

The amount of regulatory assets under management is $213.26 million for 247 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 45% of the firm’s clients are foreign persons or businesses.

Insight Securities doesn't advise any private funds.

Careers at Insight Securities, Inc.

The company employs 21 people that are either part- or full-time employees. 48 percent of the employees work as investment advisers or researchers. 16 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.

Carlos Javier Legaspy has been acting as President since 1 Dec 2012. Lawrence M. Elman joined the executive team most recently as the Corporate Secretary.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Jerry Leonard Schwartz	Cfo, vice president, chief operations officer	1 Mar 1989	Other	1688470
Lawrence M. Elman	Assistant secretary	1 Oct 1999	Other	4042382
Joseph Douglas Ogrin	Chief compliance officer	1 Sep 2011	Other	5381085
Diane Christine Ryan	Secretary	1 Dec 2012	Other	4393251
William Bruce Amoruso	Head trader	1 Dec 2012	Other	5440550
Carlos Javier Legaspy	President/ceo	1 Dec 2012	Other	2148751
Michael Joseph Mr. Makula	Manager of finance	1 Dec 2012	Other	4643441
Inc. Intelligenics	Holding company/stockholder	1 Jul 2013	75% - 100%	46-1777454
James J Kim	Chief compliance officer	1 Mar 2014	Other	6040592
Michael Hunt Legette	Vp-compliance and business development	1 Apr 2014	Other	2499864
Michael Hunt Legette	Chief compliance officer	1 Aug 2014	Other	2499864
James J Kim	Co-chief compliance officer	1 Dec 2014	Other	6040592
Omar James Gaafar	Co-chief compliance officer	1 Dec 2014	Other	4916775
Patricia Marie Coutre	Head trader	1 Feb 2015	Other	2384386
Charles Edward Lief	Vp-business development	1 Jul 2015	Other	1270916
Ross Jeffrey Greenspan	Vp insurance & special projects	1 Jul 2016	Other	6551821
Myrna Estela Hernandez	Vp - latin operations	1 Oct 2016	Other	4604459
Lawrence M. Elman	Corporate secretary	1 Sep 2019	Other	4042382
James J Kim	Chief compliance officer/ head of aml	1 Sep 2019	Other	6040592
Omar James Gaafar	President	1 Sep 2019	Other	4916775
Myrna Estela Chavira	Ceo	1 Sep 2019	Other	4604459

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Carlos Javier Legaspy	Shareholder	1 Sep 2019	75% - 100%	2148751

Based in Highland Park

The principal office where Insight Securities, Inc. performs its advisory services is located at 600 Central Ave., Highland Park, IL 60035, which is also the mailing address of the firm. An additional office of the firm is in Coral Gables, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 224-632-4700 or by fax 224-632-4593. The normal business hours are 8:00am-5:00pm on Monday - Friday. You can find more information about the New York firm at insightamericas.net.