Vital Wealth Management, LLC (Rosemont)

Name: Vital Wealth Management, LLC
Address: 9501 W. Devon Ave., Rosemont, IL, 60018
Telephone: 847-384-1903

Vital Wealth Management, LLC is a large advisory firm based in Rosemont. It manages $143.18 million of regulatory assets for 230 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Illinois and Pennsylvania.

Vital Wealth Management provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, 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.

Vital Wealth Management: assets under management

The assets under management (AUM) of Vital Wealth Management, LLC is $143.18 million. The firm's AUM has grown by 30% since the beginning of its operation, and $459.53 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $123.05 million in discretionary accounts and $20.13 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $542.07 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $6.71 million.

Vital Wealth Management has custody of $141.91 million in cash and securities for 398 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 54% of the total AUM. The second-largest asset type is pooled investment vehicles, which make up 40% of the firm’s portfolio. Investments in cash and cash equivalents form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Vital Wealth Management, LLC for their services and products based on a percentage of assets under management and commissions. 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 Vital Wealth Management serves?

The firm provides services to individuals, high net worth individuals, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Vital Wealth Management is individuals with 230 clients and $70.31 million of assets under management. Among the 12 most similar advisory firms, Vital Wealth Management has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $143.18 million for 237 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.

Vital Wealth Management doesn't advise any private funds.

Careers at Vital Wealth Management, LLC

The company employs 2 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 2 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
Robert Clifford Jackway	Managing member	1 Jun 2013	75% - 100%	1754933
Gery Joseph Sadzewicz	Cco	1 Jun 2013	Other	1090963

Based in Rosemont

The principal office where Vital Wealth Management, LLC performs its advisory services is located at 9501 W. Devon Ave., Rosemont, IL 60018, 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 847-384-1903. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at vitalwealthmgmt.com and its LinkedIn profile.