Financial Solutions, LLC (Waukesha)


Financial Solutions, LLC is a large advisory firm based in Waukesha. It manages $491.48 million of regulatory assets for 1,339 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of Arizona, Arkansas, California, and 8 other states.

Financial Solutions provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and selection of other advisers. It prepares financial plans for approximately 1,000 clients. On top of advisory services, the firm doesn't engage in other business activities.

Financial Solutions: assets under management

The assets under management (AUM) of Financial Solutions, LLC is $491.48 million. The firm's AUM has grown by 266% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $108.11 million in discretionary accounts and $383.37 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $286.76 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $398.51 thousand.
Financial Solutions has custody of $401.57 million in cash and securities for 540 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 70% of the total AUM. The second-largest asset type is exchange traded securities, which make up 20% of the firm’s portfolio. Investments in cash and cash equivalents form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Financial Solutions, LLC for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and commissions. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Financial Solutions serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Financial Solutions is high net worth individuals with 268 clients and $269 million of assets under management. Among the 9 most similar advisory firms, Financial Solutions has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $491.48 million for 514 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.

Financial Solutions doesn't advise any private funds.

Careers at Financial Solutions, LLC

The company employs 13 people that are either part- or full-time employees. 46 percent of the employees work as investment advisers or researchers. 8 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 receive compensation from other entities for client referrals.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Timothy Dennis Mcgrath Managing member 1 May 2006 50% - 75% 2457062
Horace Seely Brown Managing member 1 May 2006 25% - 50% 2921928
Gery Joseph Sadzewicz Chief compliance officer 1 May 2011 Other 1090963
Financial Solutions Group Member 1 Dec 2012 50% - 75% 36-4752529
Kenneth Robert Stuckert Member 1 Jan 2013 25% - 50% 4889984
William James Kenton Member 1 Jan 2013 Other 1954205
Jeffrey Scott Stuckert Member 1 Jan 2013 25% - 50% 1476419
Gery Joseph Sadzewicz Chief compliance officer 1 Jan 2016 Other 1090963
Timothy Dennis Mcgrath Managing member 1 Feb 2016 25% - 50% 2457062
Horace Seely Brown Member 1 Feb 2016 Other 2921928

Indirect Owners

The SEC currently registers 1 indirect owner.

Name Entity Date acquired Ownership Employer ID
Timothy Dennis Mcgrath Managing member 1 Dec 2012 75% - 100% 2457062

Based in Waukesha

The principal office where Financial Solutions, LLC performs its advisory services is located at 1900 Airport Road, Waukesha, WI 53188, which is also the mailing address of the firm. An additional office of the firm is in Chicago, IL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 262-542-5200 or by fax 262-446-0452. The normal business hours are 8am-4pm on Monday - Friday. You can find more information about the New York firm at fsplanners.com and its LinkedIn profile.

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