Fp Financial Services, Inc. (Palatine)

Name: Fp Financial Services, Inc.
Address: 35 West Slade Street, Palatine, IL, 60067
Telephone: 847-330-9911

Fp Financial Services, Inc. is a large advisory firm based in Palatine. It manages $251.05 million of regulatory assets for 822 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of Arizona, California, Florida, and 5 other states.

Fp Financial Services provides financial planning services, portfolio management for individuals and small businesses, selection of other advisers, and educational seminars and workshops. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Fp Financial Services: assets under management

The assets under management (AUM) of Fp Financial Services, Inc. is $251.05 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 91% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $251.05 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $305.41 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 90% of the total AUM. The second-largest asset type is exchange traded securities, which make up 5% of the firm’s portfolio. Investments in cash and cash equivalents form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Fp Financial Services, Inc. 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 Fp Financial Services serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Fp Financial Services is individuals with 208 clients and $203.35 million of assets under management. Among the 10 most similar advisory firms, Fp Financial Services has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $251.05 million for 291 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.

Fp Financial Services doesn't advise any private funds.

Careers at Fp Financial Services, Inc.

The company employs 10 people that are either part- or full-time employees. 30 percent of the employees work as investment advisers or researchers. 3 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
Frank Thomas Patzke	President, chief compliance officer	1 Nov 1995	75% - 100%	850554

Based in Palatine

The principal office where Fp Financial Services, Inc. performs its advisory services is located at 35 West Slade Street, Palatine, IL 60067, 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 847-330-9911 or by fax 847-330-9922. The normal business hours are 8:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at linkedin.com/in/frankpatzke/.