Latko Wealth Management, Ltd. is a large advisory firm based in Frankfort. It manages $107 million of regulatory assets for 506 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Colorado, Florida, Illinois, Indiana, and Texas.
Latko Wealth Management provides financial planning services, portfolio management for individuals and small businesses, and hourly consulting. It doesn't provide financial planning services to its clients. On top of advisory services, the firm also engages as outside radio, tv, book and magazine writing.
The assets under management (AUM) of Latko Wealth Management, Ltd. is $107 million. The company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Latko Wealth Management, Ltd. for their services and products based on a percentage of assets under management, hourly charges, and fixed 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 Latko Wealth Management is high net worth individuals with 49 clients and $68.1 million of assets under management. Among the 9 most similar advisory firms, Latko Wealth Management has the 5th highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $107 million for 285 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.
Latko Wealth Management doesn't advise any private funds.
The company employs 5 people that are either part- or full-time employees. 40 percent of the employees work as investment advisers or researchers. 2 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.
Latko Wealth Management, Ltd. is owned by Janice Orissa Latko. David Warren Latko joined the executive team most recently as the President / Chief Compliance Officer.
The principal office where Latko Wealth Management, Ltd. performs its advisory services is located at 45 East Colorado Avenue, Frankfort, IL 60423, 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 (815) 469-8887 or by fax (815) 469-8808. The normal business hours are 8:30 - 4:30 on Monday - Friday. You can find more information about the New York firm at davidlatko.com.