Balance Sheet Solutions LLC (Naperville)

Name: Balance Sheet Solutions LLC
Address: 184 Shuman Blvd, Naperville, IL, 60563
Telephone: 630-276-2846

Balance Sheet Solutions LLC is a large advisory firm based in Naperville. It manages $908.48 million of regulatory assets for 22 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdictions of Colorado, Illinois, and New York.

Balance Sheet Solutions provides portfolio management for businesses and institutional clients, educational seminars and workshops, and portfolio management for credit unions. It doesn't provide financial planning services to its clients. On top of advisory services, the firm also engages as brokered cds.

Balance Sheet Solutions: assets under management

The assets under management (AUM) of Balance Sheet Solutions LLC is $908.48 million. The company doesn't manage any assets belonging to foreign clients.

Investments

The firm invests in government bonds the most. They account for 58% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 37% of the firm’s portfolio. Investments in investment grade corporate bonds form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Balance Sheet Solutions LLC 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.

Careers at Balance Sheet Solutions LLC

The company employs 28 people that are either part- or full-time employees. 14 percent of the employees work as investment advisers or researchers. 3 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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.

Todd Michael Adams has been acting as President since 1 Aug 2017. Darren Daniel Fago joined the executive team most recently as the Vp Advisory Services, Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Members United Corporate Federal Credit Union	Sole member of llc	1 Oct 2002	75% - 100%	36-2851648
Daniel Lawrence Mcintyre	Senior director, financial product sales	1 Nov 2002	Other	1083493
Larry Dale Harmon	Compliance officer	1 Nov 2002	Other	2332555
Thomas Gerard Moore	President/ceo/operating principal/chief compliance officer	1 Oct 2003	Other	4711567
Mary Gayle Westberg	Senior director, financial product sales	1 Mar 2004	Other	4711566
Eric Allen Smith	Financial and operations principal	1 May 2004	Other	4661918
James Andrew Toliver	Executive director, advisory services	1 Jun 2004	Other	4830325
Timothy Paul Eischen	Operations principal	1 Feb 2006	Other	4684017
Michael E Thomas	Executive director, financial product sales	1 Jul 2006	Other	2619432
Bart Salazar	Executive director, advisory services	1 Jul 2006	Other	1592982
Bartholomew Salazar	Executive director, advisory services	1 Jul 2006	Other	1592982
Lonnie Benjamin Schaffer	Senior director - financial product sales	1 Dec 2006	Other	1318237
John Joseph Almeida	Senior director, financial product sales	1 Jun 2009	Other	4533343
James Andrew Toliver	President	1 Apr 2010	Other	4830325
Michael E Thomas	Chief operating officer/chief compliance officer	1 Apr 2010	Other	2619432
Kevin Paul Chiappetta	Executive director, financial strategies	1 May 2010	Other	1574441
Members United Bridge Corporate Federal Credit Union	Sole member of llc	1 Nov 2010	75% - 100%	27-3620134
Mary Gayle Westberg	Chief compliance officer	1 Feb 2011	Other	4711566
Alloya Corporate Federal Credit Union	Sole member of llc	1 Oct 2011	75% - 100%	45-2090875
Andrew Robert Kohl	Svp, director - advisory services	1 Sep 2012	Other	2388690
Andrew Robert Kohl	Svp, director - advisory services	1 Mar 2015	Other	2388690
Mark Allen Schieffer	President & chief compliance officer	1 Mar 2015	Other	2156567
Darren Daniel Fago	Vp - advisory services, chief compliance officer	1 Apr 2015	Other	4834536
Todd Michael Adams	President	1 Aug 2017	Other	6854412

Based in Naperville

The principal office where Balance Sheet Solutions LLC performs its advisory services is located at 184 Shuman Blvd, Naperville, IL 60563, which is also the mailing address of the firm. An additional office of the firm is in Albany, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 630-276-2846 or by fax 630-276-2697. The normal business hours are 8:00 a.m. - 5:00 p.m. ct on Monday - Friday. You can find more information about the New York firm at balancesheetsolutions.org.