Zimmerman Wealth Management, LLC (Evanston)

Name: Zimmerman Wealth Management, LLC
Address: 1603 Orrington, Suite 1725, Evanston, IL, 60201
Telephone: 847-556-3200

Zimmerman Wealth Management, LLC is a large advisory firm based in Evanston. It manages $208.66 million of regulatory assets for 123 client accounts. It has been registered with the SEC as an adviser since 2003 and has operated in the jurisdiction of Illinois.

Zimmerman Wealth Management 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 more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Zimmerman Wealth Management: assets under management

The assets under management (AUM) of Zimmerman Wealth Management, LLC is $208.66 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 186% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $208.66 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.7 million each.

Investments

The firm invests in investment and business development companies the most. They account for 38% of the total AUM. The second-largest asset type is government bonds, which make up 28% of the firm’s portfolio. Investments in cash and cash equivalents form 17% of the total invested assets.

Fees & Commissions

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

The firm provides services to high net worth individuals and pension and profit sharing plans. The largest group of clients of Zimmerman Wealth Management is high net worth individuals with 120 clients and $192.97 million of assets under management. Among the 9 most similar advisory firms, Zimmerman Wealth Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $208.33 million for 123 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.

Zimmerman Wealth Management doesn't advise any private funds.

Careers at Zimmerman Wealth Management, LLC

The company employs 5 people that are either part- or full-time employees. 20 percent of the employees work as investment advisers or researchers. No 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
John Thomas Evered	Officer	1 Jul 2003	Other	4677575
Thomas H Zimmerman	Managing member	1 Jul 2003	75% - 100%	1198889
Thomas H Zimmerman	Managing member, chief compliance officer	1 Oct 2004	75% - 100%	1198889

Based in Evanston

The principal office where Zimmerman Wealth Management, LLC performs its advisory services is located at 1603 Orrington, Suite 1725, Evanston, IL 60201, 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 847-556-3200 or by fax 847-556-3219. The normal business hours are 8:30-4:30 on Monday - Friday. You can find more information about the New York firm at zimmermanwealth.com/.