Siligmueller & Norvid Wealth Advisors LLC (Glen Ellyn)

Name: Siligmueller & Norvid Wealth Advisors LLC
Address: 586 Duane St., Glen Ellyn, IL, 60137
Telephone: 630-858-3651

Siligmueller & Norvid Wealth Advisors LLC is a large advisory firm based in Glen Ellyn. It manages $164.25 million of regulatory assets for 87 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of Illinois.

Siligmueller & Norvid Wealth Advisors provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Siligmueller & Norvid Wealth Advisors: assets under management

The assets under management (AUM) of Siligmueller & Norvid Wealth Advisors LLC is $164.25 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 117% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $164.25 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.89 million 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 cash and cash equivalents, which make up 7% of the firm’s portfolio. Investments in exchange traded securities form 3% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Siligmueller & Norvid Wealth Advisors LLC 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 Siligmueller & Norvid Wealth Advisors serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Siligmueller & Norvid Wealth Advisors is high net worth individuals with 62 clients and $152.11 million of assets under management. Among the 8 most similar advisory firms, Siligmueller & Norvid Wealth Advisors has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $164.25 million for 87 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.

Siligmueller & Norvid Wealth Advisors doesn't advise any private funds.

Careers at Siligmueller & Norvid Wealth Advisors 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
Dale Scott Siligmueller	Managing member	1 Mar 1998	75% - 100%	733630
Dale Scott Siligmueller	Chief compliance officer	1 Aug 2004	75% - 100%	733630
Steven Ross Norvid	Member	1 Jan 2009	Other	2253921

Based in Glen Ellyn

The principal office where Siligmueller & Norvid Wealth Advisors LLC performs its advisory services is located at 586 Duane St., Glen Ellyn, IL 60137, 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 630-858-3651 or by fax 630-793-9638. The normal business hours are 8:30 to 4:30 on Monday - Friday. You can find more information about the New York firm at siligmueller.com.