Spotlight Asset Group, Inc. (Oakbrook Terrace)

Spotlight Asset Group, Inc. is a large advisory firm based in Oakbrook Terrace. It manages $237.84 million of regulatory assets for 779 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of California, Florida, Georgia, and 4 other states.

Spotlight Asset Group provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Spotlight Asset Group: assets under management

The assets under management (AUM) of Spotlight Asset Group, Inc. is $237.84 million. The firm's AUM has grown by 215% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $193.96 million in discretionary accounts and $43.88 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $269.76 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $731.33 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 78% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 19% of the firm’s portfolio. Investments in cash and cash equivalents form 2% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Spotlight Asset Group, Inc. for their services and products based on a percentage of assets under management. 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 Spotlight Asset Group serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Spotlight Asset Group is high net worth individuals with 66 clients and $179.4 million of assets under management. Among the 11 most similar advisory firms, Spotlight Asset Group has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $237.84 million for 211 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.

Spotlight Asset Group doesn't advise any private funds.

Careers at Spotlight Asset Group, Inc.

The company employs 18 people that are either part- or full-time employees. 61 percent of the employees work as investment advisers or researchers. 11 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 compensates 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

Based in Oakbrook Terrace

The principal office where Spotlight Asset Group, Inc. performs its advisory services is located at 2 Mid America Plaza, Oakbrook Terrace, IL 60181 4717, which is also the mailing address of the firm. An additional office of the firm is in Bellevue, WA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 630-230-6840 or by fax 630-230-6833. The normal business hours are 8:30 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at spotlightassetgroup.com.

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