Equitrust Financial Group, Ltd. (Deerfield)

Name: Equitrust Financial Group, Ltd.
Address: 570 Lake Cook Rd., Deerfield, IL, 60015
Telephone: 847-317-0200

Equitrust Financial Group, Ltd. is a large advisory firm based in Deerfield. It manages $282.92 million of regulatory assets for 612 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of Arizona, California, Florida, and 5 other states.

Equitrust 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.

Equitrust Financial Group: assets under management

The assets under management (AUM) of Equitrust Financial Group, Ltd. is $282.92 million. The firm's AUM has grown by 430% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $280.72 million in discretionary accounts and $2.19 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $462.48 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $438.61 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 96% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 3% of the firm’s portfolio. Investments in exchange traded securities form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Equitrust Financial Group, Ltd. for their services and products based on a percentage of assets under management, hourly charges, 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 Steven Lawrence Hyman serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Steven Lawrence Hyman is high net worth individuals with 77 clients and $149.66 million of assets under management. Among the 6 most similar advisory firms, Equitrust Financial Group has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $282.06 million for 395 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.

Equitrust Financial Group doesn't advise any private funds.

Careers at Equitrust Financial Group, Ltd.

The company employs 12 people that are either part- or full-time employees. 33 percent of the employees work as investment advisers or researchers. 5 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.

Steven Lawrence Hyman has been acting as President since 1 Aug 1991. Charles M Noparstak joined the executive team most recently as the Vice President/Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Steven Lawrence Hyman	President	1 Aug 1991	50% - 75%	1212094
Charles M Noparstak	Vice president/chief compliance officer	1 Aug 1991	50% - 75%	1360735

Based in Deerfield

The principal office where Equitrust Financial Group, Ltd. performs its advisory services is located at 570 Lake Cook Rd., Deerfield, IL 60015, which is also the mailing address of the firm. An additional office of the firm is in Hinsdale, IL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 847-317-0200 or by fax 847-317-0214. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at equitrustfinancial.com.