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.
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 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. 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.
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.
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.
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.