Inspirion Wealth Advisors, LLC (Libertyville)


Inspirion Wealth Advisors, LLC is a large advisory firm based in Libertyville. It manages $578.65 million of regulatory assets for 2,066 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of Arizona, California, Colorado, and 12 other states.

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

Inspirion Wealth Advisors: assets under management

The assets under management (AUM) of Inspirion Wealth Advisors, LLC is $578.65 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 41% since the beginning of its operation, and $9.7 million of the total AUM is attributable to clients outside of the United States.

The firm manages $578.65 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $280.08 thousand each.
Inspirion Wealth Advisors has custody of $483.42 million in cash and securities for 601 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 39% of the total AUM. The second-largest asset type is investment and business development companies, which make up 37% of the firm’s portfolio. Investments in other assets form 12% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Inspirion Wealth Advisors, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. 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 Inspirion Wealth Advisors serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Inspirion Wealth Advisors is high net worth individuals with 157 clients and $316.52 million of assets under management. Among the 4 most similar advisory firms, Inspirion Wealth Advisors has the 2nd lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $577.6 million for 645 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Inspirion Wealth Advisors doesn't advise any private funds.

Careers at Inspirion Wealth Advisors, LLC

The company employs 10 people that are either part- or full-time employees. 80 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 don’t receive compensation from other entities for client referrals.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Richard Hartford Kolb Managing member 1 Oct 2012 50% - 75% 2196314
Noah Abram Seidenberg Managing member & chief compliance officer 1 Oct 2012 25% - 50% 2172364

Based in Libertyville

The principal office where Inspirion Wealth Advisors, LLC performs its advisory services is located at 900 Technology Way, Libertyville, IL 60048, which is also the mailing address of the firm. An additional office of the firm is in Longboat, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 847-918-9100 or by fax 847-918-9194. The normal business hours are 8am-5pm on Monday - Friday. You can find more information about the New York firm at inspirionwealth.com.