Balasa Dinverno Foltz LLC (Itasca)

Name: Balasa Dinverno Foltz LLC
Address: 500 Park Boulevard, Itasca, IL, 60143
Telephone: 630-875-4900

Balasa Dinverno Foltz LLC is a large advisory firm based in Itasca. It manages $4.14 billion of regulatory assets for 5,346 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of Arizona, California, Colorado, and 22 other states.

Balasa Dinverno Foltz provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and portfolio trading & administration. It prepares financial plans for approximately 1,000 clients. On top of advisory services, the firm doesn't engage in other business activities.

Balasa Dinverno Foltz: assets under management

The assets under management (AUM) of Balasa Dinverno Foltz LLC is $4.14 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 178% since the beginning of its operation, and $15.84 million of the total AUM is attributable to clients outside of the United States.

The firm manages $4.14 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $773.8 thousand each.

Balasa Dinverno Foltz has custody of $1.38 billion in cash and securities for 639 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 87% of the total AUM. The second-largest asset type is exchange traded securities, which make up 6% of the firm’s portfolio. Investments in state and local bonds form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Balasa Dinverno Foltz LLC for their services and products based on a percentage of assets under management, hourly charges, 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.

What kind of clients Balasa Dinverno Foltz serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Balasa Dinverno Foltz is high net worth individuals with 993 clients and $3.59 billion of assets under management. Among the 11 most similar advisory firms, Balasa Dinverno Foltz has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $4.14 billion for 1,285 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.

Balasa Dinverno Foltz doesn't advise any private funds.

Careers at Balasa Dinverno Foltz LLC

The company employs 44 people that are either part- or full-time employees. 93 percent of the employees work as investment advisers or researchers. 41 employees are registered as investment adviser representatives with the state securities authorities.

There are 2 people 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

Name	Entity	Date acquired	Ownership	Employer ID
Mark Edward Balasa	Co-chief executive officer, secretary	1 Jun 2001	Other	1435616
Armond Alfred Dinverno	Co-chief executive officer, president, treasurer	1 Jun 2001	Other	1500617
Michael Craig Foltz	Vice president	1 Jun 2001	Other	1457668
Bdf Wealth Management Co.	Owner/managing member	1 Jun 2004	75% - 100%	36-3471532
Susan Chase Korin	Chief compliance officer	1 Jan 2015	Other	6564134

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Mark Edward Balasa	Co-chief executive officer	1 Jun 2004	25% - 50%	1435616
Armond Alfred Dinverno	Co-chief executive officer, president	1 Jun 2004	25% - 50%	1500617
Michael Craig Foltz	Vice president & secretary	1 Jun 2004	25% - 50%	1457668

Based in Itasca

The principal office where Balasa Dinverno Foltz LLC performs its advisory services is located at 500 Park Boulevard, Itasca, IL 60143, 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 630-875-4900 or by fax 630-875-1150. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at bdfllc.com and its LinkedIn profile.