Strategic Investment Solutions, Inc. (Orland Park)

Name: Strategic Investment Solutions, Inc.
Address: 9501 W 144 Th Place, Orland Park, IL, 60462 2562
Telephone: 708-645-8820

Strategic Investment Solutions, Inc. is a large advisory firm based in Orland Park. It manages $410 million of regulatory assets for 2,500 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of Arizona, California, Florida, and 8 other states.

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

Strategic Investment Solutions: assets under management

The assets under management (AUM) of Strategic Investment Solutions, Inc. is $410 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 583% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $410 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $164 thousand each.

Strategic Investment Solutions has custody of $100 million in cash and securities for 120 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 96% of the total AUM. The second-largest asset type is exchange traded securities, which make up 2% 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 Strategic Investment Solutions, 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 Robert Michael Byrns serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Robert Michael Byrns is high net worth individuals with 100 clients and $300 million of assets under management. Among the 5 most similar advisory firms, Strategic Investment Solutions has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $410 million for 525 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.

Strategic Investment Solutions doesn't advise any private funds.

Careers at Strategic Investment Solutions, Inc.

The company employs 11 people that are either part- or full-time employees. 45 percent of the employees work as investment advisers or researchers. 5 employees are registered as investment adviser representatives with the state securities authorities.

There are 4 people 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.

Robert Michael Byrns has been acting as President since 1 Jan 2016. Douglas James Stepansky joined the executive team most recently as the Cco.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Thomas Edwin King	President, chief compliance officer, chief operating officer, secretary	1 Jan 2006	25% - 50%	1037101
Robert Michael Byrns	Chairman, ceo, treasurer	1 Jan 2006	50% - 75%	2008961
Robert Michael Byrns	President, chief compliance officer, chief operating officer	1 Jul 2015	75% - 100%	2008961
Robert Michael Byrns	President	1 Jan 2016	50% - 75%	2008961
Douglas James Stepansky	Cco	1 Jan 2017	Other	4063040
Ayman Saidi	Coo	1 Jan 2017	25% - 50%	6115388

Based in Orland Park

The principal office where Strategic Investment Solutions, Inc. performs its advisory services is located at 9501 W 144 Th Place, Orland Park, IL 60462 2562, 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 708-645-8820 or by fax 708-403-4228. The normal business hours are 9am-5pm on Monday - Friday. You can find more information about the New York firm at step401k.com.