Woodfield Financial Advisors, Inc

CRD#123279
Investment Advisor Firm

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Learn more about Woodfield Financial Advisors, Inc

  • Overview
  • By the Numbers
  • Products and Services
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations
  • Firm Advisors

    • Overview

    Woodfield Financial Advisors, Inc operates as a financial advisor company located in Barrington, Illinois. The company has $133.9 million in assets under management throughout 207 customer accounts, placing it in the mid-tier of investment advisory firms in the country by assets under management (AUM). The firm has a small group, including 3 financial advisors. Woodfield Financial Advisors, Inc is not a registered broker-dealer, signifying that the firm is not able to buy and sell securities for its own accounts as well as its clients' and instead is required to go through a broker-dealer company to do so. Securities are defined as tradable fiscal investments such as bonds, options and equities.

    Woodfield Financial Advisors, Inc oversees more than half of the firm's client assets in a discretionary manner. Discretionary management is a structure in which a portfolio manager makes transaction choices for the client's account without needing to seek client permission. The firm also has eight non-discretionary accounts with a total of $22.7 million in assets. The investment advisory firm oversees an average of $647,001 in assets for each customer account. The average advisor at Woodfield Financial Advisors, Inc administers around 69 client accounts, placing it towards the middle in terms of personalization.

    The company's main office is located at 21660 W. Field Pkwy Suite 290, Barrington, Illinois 60010. The company is legally allowed to serve investors across a few states, including Florida, Illinois, Maryland, Tennessee and Wisconsin.

    Assets Under Management

    $133.9 million

    Number of Advisors

    3

    Disclosures

    No

    Office Location

    21660 W. Field Pkwy Suite 290
    Barrington, IL 60010

    Woodfield Financial Advisors, Inc by the Numbers

    Total Assets Under Management

    $133.9 million

    National Average: $8.6 billion
    Total Number of Employees

    3

    National Average: 64
    Total Number of Accounts

    207

    National Average: 375,227
    Average Account Size

    $647.0 thousand

    National Average: $23.0 thousand
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    Products and Services

    Services that Woodfield Financial Advisors, Inc provides can include financial planning services and portfolio management for individuals and small businesses. In the prior financial year, it provided financial planning services to 1-10 of its accounts. Woodfield Financial Advisors, Inc does sell products or offer services different than investment advisory services to its clients.

    Core Advisor Services

    • Offered by 31% of firms

      Financial Planning Services

      This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

    • Offered by 46% of firms

      Portfolio Management

      This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

    • Find a firm that offers this service

      Market Timing Services

      This is the practice of attempting to make short-term profits on investments by buying low and selling high.

    Other Services

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    Fee Structure

    Financial management fees usually depend on the type of services provided. Fees billed by the company may include some combination of the following fee structures: asset-based or hourly. The company does not supply a wrap fee program, in which the firm offers a service bundle for a comprehensive fee.

    Available

    • Offered by 69% of firms

      Percentage of Assets

      Show Explanation

      This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

    • Offered by 21% of firms

      Hourly

      Show Explanation

      Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

    Unavailable

    • Find one of the 1% of firms that offer this fee type

      Commissions

      Show Explanation

      Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

    • Find one of the 26% of firms that offer this fee type

      Performance-based

      Show Explanation

      Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

    • Find one of the 0% of firms that offer this fee type

      Subscription

      Show Explanation

      Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

    • Find one of the 32% of firms that offer this fee type

      Fixed

      Show Explanation

      Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

    • Find one of the 10% of firms that offer this fee type

      Other

      Show Explanation

      Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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    Types of Clients

    It caters to retail investors, high net worth investors, pension plans and charitable organizations. Out of its 207 accounts, Woodfield Financial Advisors, Inc's biggest client group is retail investors, although it also caters to 50 high-net-worth individuals. The SEC defines a high-net-worth individual as someone who has at least $750,000 under management or a net worth of at least $1.50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the firm's accounts are from outside of the U.S.

    • High-Net-Worth Individuals* - 24.15%
    • Other Individuals - 71.5%
    • Corporations - 3.86%
    • Charitable Organizations - 0.48%

    * The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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    Disclosures

    Woodfield Financial Advisors, Inc does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Woodfield Financial Advisors, Inc

    Martin Konsor
    Barrington, IL
    James Dobbs
    Barrington, IL
    Donald Monsen
    Barrington, IL

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