Hks Wealth Advisors, LLC (Oakbrook Terrace)

Name: Hks Wealth Advisors, LLC
Address: 18 W140 Butterfield Rd, Oakbrook Terrace, IL, 60181
Telephone: (630) 824-3771

Hks Wealth Advisors, LLC is a large advisory firm based in Oakbrook Terrace. It manages $165 million of regulatory assets for 43 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of Illinois.

Hks Wealth Advisors provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Hks Wealth Advisors: assets under management

The assets under management (AUM) of Hks Wealth Advisors, LLC is $165 million. The firm's AUM has grown by 18% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $70 million in discretionary accounts and $95 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.8 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $5.28 million.

Investments

The firm invests in non-exchange traded securities the most. They account for 50% of the total AUM. The second-largest asset type is exchange traded securities, which make up 25% of the firm’s portfolio. Investments in investment grade corporate bonds form 10% of the total invested assets.

What kind of clients Hks Wealth Advisors serves?

The only and largest group of clients of Hks Wealth Advisors is high net worth individuals with 5 clients and $157 million of assets under management. Among the 7 most similar advisory firms, Hks Wealth Advisors has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $157 million for 5 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.

Hks Wealth Advisors doesn't advise any private funds.

Careers at Hks Wealth Advisors, 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
Llc Hks Capital Advisors	Holding company	1 Dec 2011	75% - 100%	90-0775965
John Allan Staab	Principal and chief compliance officer	1 Feb 2012	25% - 50%	2038015

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Christopher Lee Hughes	Owner	1 Dec 2011	50% - 75%	3088559
Timothy B Keith	Owner	1 Dec 2011	50% - 75%	4633856

Based in Oakbrook Terrace

The principal office where Hks Wealth Advisors, LLC performs its advisory services is located at 18 W140 Butterfield Rd, Oakbrook Terrace, IL 60181, 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 (630) 824-3771 or by fax (630) 786-1744. The normal business hours are 9:00 to 5:00 on Monday - Friday. You can find more information about the New York firm at hksadvisors.com.