Left Brain Wealth Management, LLC is a large advisory firm based in Naperville. It manages $121.16 million of regulatory assets for 472 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Florida, Illinois, and Michigan.
Left Brain Wealth Management provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for pooled investment vehicles. It prepares financial plans for more than 100 clients. On top of advisory services, the firm also engages as private fund sponsor.
The assets under management (AUM) of Left Brain Wealth Management, LLC is $121.16 million. The firm's AUM has grown by 18% since the beginning of its operation, and $357.34 thousand of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Left Brain Wealth Management, LLC for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and performance-based fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals and high net worth individuals. The largest group of clients of Left Brain Wealth Management is high net worth individuals with 39 clients and $82.27 million of assets under management. Among the 13 most similar advisory firms, Left Brain Wealth Management has the 6th highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $121.16 million for 187 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.
Left Brain Wealth Management also advises several private funds. Namely, three hedge funds. The minimum investment commitment required of non-related persons ranges from $100,000 to $250,000.
The company employs 9 people that are either part- or full-time employees. 56 percent of the employees work as investment advisers or researchers. 4 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.
The principal office where Left Brain Wealth Management, LLC performs its advisory services is located at 215 Shuman Blvd, Naperville, IL 60563, which is also the mailing address of the firm. An additional office of the firm is in Miami, FL. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 630-517-9300 or by fax 224-765-4685. The normal business hours are 8:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at leftbrainwm.com.