Piershale Financial Group, Inc. (Barrington)

Name: Piershale Financial Group, Inc.
Address: 1531 S Grove Ave, Barrington, IL, 60010
Telephone: 8477138070

Piershale Financial Group, Inc. is a large advisory firm based in Barrington. It manages $227.35 million of regulatory assets for 1,308 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdictions of Arizona, Florida, Illinois, and 3 other states.

Piershale Financial Group provides financial planning services, portfolio management for individuals and small businesses, and investment consulting services. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Piershale Financial Group: assets under management

The assets under management (AUM) of Piershale Financial Group, Inc. is $227.35 million. The firm's AUM has grown by 40% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $202.65 million in discretionary accounts and $24.7 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $194.67 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $92.52 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 85% of the total AUM. The second-largest asset type is other assets, which make up 13% of the firm’s portfolio. Investments in cash and cash equivalents form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Piershale Financial Group, Inc. for their services and products based on a percentage of assets under management 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.

What kind of clients Michael Dennis Piershale serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Michael Dennis Piershale is individuals with 320 clients and $115.3 million of assets under management. Among the 13 most similar advisory firms, Piershale Financial Group has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $227.35 million for 387 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.

Piershale Financial Group doesn't advise any private funds.

Careers at Piershale Financial Group, Inc.

The company employs 7 people that are either part- or full-time employees. 57 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.

Michael Dennis Piershale has been acting as President since 1 Apr 2011. Michael Dennis Piershale Living Trust joined the executive team most recently as the Direct Owner.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Gery Joseph Sadzewicz	Chief compliance officer	1 Mar 2011	75% - 100%	1090963
Michael Dennis Piershale	President	1 Apr 2011	Other	1108465
Michael Dennis Piershale Living Trust	Direct owner	1 Apr 2011	75% - 100%	xxx-xx-xxxx
Michael Dennis Piershale	Chief compliance officer	1 Feb 2012	Other	1108465

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Michael Dennis Piershale	Trustee	1 Apr 2002	Other	1108465

Based in Barrington

The principal office where Piershale Financial Group, Inc. performs its advisory services is located at 1531 S Grove Ave, Barrington, IL 60010, 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 8477138070 or by fax 8473873195. The normal business hours are 8:00 am - 4:30 pm on Monday - Friday. You can find more information about the New York firm at piershalefinancial.com.