Hoyem Wealth Management, LLC (Waukegan)

Hoyem Wealth Management, LLC is a large advisory firm based in Waukegan. It manages $266.71 million of regulatory assets for 22 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdiction of Illinois.

Hoyem Wealth Management provides portfolio management for individuals and small businesses and pension consulting services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Hoyem Wealth Management: assets under management

The assets under management (AUM) of Hoyem Wealth Management, LLC is $266.71 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 65% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $266.71 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $12.12 million each.

Investments

The firm invests in investment and business development companies the most. They account for 100% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 1% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Hoyem Wealth Management, 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 Hoyem Wealth Management serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Hoyem Wealth Management is high net worth individuals with 5 clients and $149.94 million of assets under management. Among the 10 most similar advisory firms, Hoyem Wealth Management has the 4th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $156.27 million for 18 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.

Hoyem Wealth Management doesn't advise any private funds.

Careers at Hoyem Wealth Management, LLC

The company employs 1 person that is either a part- or full-time employee. 100 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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
David Sigmund Hoyem	Managing member/chief compliance officer	1 Aug 2009	75% - 100%	5695693

Based in Waukegan

The principal office where Hoyem Wealth Management, LLC performs its advisory services is located at 2100 Norman Drive West, Waukegan, IL 60085, 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 847-672-1342. The normal business hours are by appointment only on Monday - Friday.