Walled Lake Planning & Wealth Management, LLC (Winnetka)

Name: Walled Lake Planning & Wealth Management, LLC
Address: 560 Green Bay Road, Winnetka, IL, 60093
Telephone: (847) 616-2590

Walled Lake Planning & Wealth Management, LLC is a large advisory firm based in Winnetka. It manages $322.44 million of regulatory assets for 898 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Arizona, California, Colorado, and 17 other states.

Walled Lake Planning & Wealth Management provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Walled Lake Planning & Wealth Management: assets under management

The assets under management (AUM) of Walled Lake Planning & Wealth Management, LLC is $322.44 million. The firm's AUM has grown by 0% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $317.79 million in discretionary accounts and $4.65 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $392.33 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $52.9 thousand.

Investments

The firm invests in other assets the most. They account for 61% of the total AUM. The second-largest asset type is exchange traded securities, which make up 37% 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 Walled Lake Planning & 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 Walled Lake Planning & Wealth Management serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Walled Lake Planning & Wealth Management is high net worth individuals with 101 clients and $259 million of assets under management. Among the 10 most similar advisory firms, Walled Lake Planning & Wealth Management has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $322.44 million for 333 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.

Walled Lake Planning & Wealth Management doesn't advise any private funds.

Careers at Walled Lake Planning & Wealth Management, LLC

The company employs 5 people that are either part- or full-time employees. 80 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.

Stacy Leigh Sizemore joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Howard Robert Klieger	Chief executive officer	1 Dec 2018	50% - 75%	1020955
Megan Louise Castleman	Chief compliance officer	1 Dec 2018	Other	6434039
Noel Adam Cooper	Chief operating office	1 Jan 2019	25% - 50%	3175789
Stacy Leigh Sizemore	Chief compliance officer	1 May 2019	Other	6434039

Based in Winnetka

The principal office where Walled Lake Planning & Wealth Management, LLC performs its advisory services is located at 560 Green Bay Road, Winnetka, IL 60093, 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) 616-2590. The normal business hours are 8am to 5pm on Monday - Friday. You can find more information about the New York firm at walledlakewealth.com.