Financial Solutions Advisory Group, Inc. (Chicago)

Name: Financial Solutions Advisory Group, Inc.
Address: 8700 W. Bryn Mawr Avenue, Suite 410 N, Chicago, IL, 60631
Telephone: 773-714-1540

Financial Solutions Advisory Group, Inc. is a large advisory firm based in Chicago. It manages $300 million of regulatory assets for 600 client accounts. It has been registered with the SEC as an adviser since 2003 and has operated in the jurisdictions of California, Colorado, Florida, and 4 other states.

Financial Solutions Advisory Group provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and publication of newsletters. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Financial Solutions Advisory Group: assets under management

The assets under management (AUM) of Financial Solutions Advisory Group, Inc. is $300 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 868% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $300 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $500 thousand each.

Financial Solutions Advisory Group has custody of $300 million in cash and securities for 240 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 50% of the total AUM. The second-largest asset type is non-exchange traded securities, which make up 49% of the firm’s portfolio. Investments in cash and cash equivalents form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Financial Solutions Advisory Group, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Brian Hill Wilson serves?

The only and largest group of clients of Brian Hill Wilson is high net worth individuals with 240 clients and $300 million of assets under management. Among the 4 most similar advisory firms, Financial Solutions Advisory Group has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $300 million for 240 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.

Financial Solutions Advisory Group doesn't advise any private funds.

Careers at Financial Solutions Advisory Group, Inc.

The company employs 8 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 8 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.

Brian Hill Wilson has been acting as President since 1 Sep 2004. Mark Christopher Soehn joined the executive team most recently as the Principal, Co Founder, Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Mark Christopher Soehn	Principal, co-founder, chief compliance officer	1 Jan 2003	25% - 50%	4631866
Scot A Jurczyk	Principal, co-founder	1 Jan 2003	25% - 50%	2733277
Scott James Munkvold	Principal, co-founder	1 Jan 2003	25% - 50%	4631867
Brian Hill Wilson	Director	1 Sep 2004	Other	4857735

Based in Chicago

The principal office where Financial Solutions Advisory Group, Inc. performs its advisory services is located at 8700 W. Bryn Mawr Avenue, Suite 410 N, Chicago, IL 60631, 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 773-714-1540 or by fax 773-714-1550. The normal business hours are 8:30 - 4:30 on Monday - Friday. You can find more information about the New York firm at fsadvisorygroup.com.