Firm Size
Services Offered
- Financial Planning
- Portfolio Management for Individuals & Small Businesses
Types of Clients
- Individuals (Not High Net Worth)
-
Individuals High Net Worth
*>=750k in Investable Assets or >=1.5m of Estimated Total Net Worth
- Pension & Profit Sharing Plans
Available Fee Structures
- Percentage of Assets Under Management (AUM)
- Hourly
- Fixed Fees (Other than subscription)
- Commissions
Resource Financial Group, Ltd. Overview
Resource Financial Group, Ltd. is a fee-based investment advisory firm headquartered in Wilmette, IL that has been providing investment advice since 2006. Resource Financial Group, Ltd. is a type of registered investment advisory firm that serves as both a broker-dealer representative and an insurance broker/agent. Resource Financial Group, Ltd. is committed to providing clients with comprehensive financial planning services and portfolio management for individuals and small businesses. Their financial planning services include analyzing a client's current financial situation, creating a customized financial plan, and providing ongoing support to ensure that the plan stays on track. They also provide portfolio management services to help clients meet their investment objectives through a personalized investment strategy. Resource Financial Group, Ltd. offers a wide range of financial services to clients seeking to improve their financial health. Their team of advisors are knowledgeable and experienced in the industry, and are committed to providing high-quality financial advice to clients. Resource Financial Group, Ltd. is dedicated to helping clients achieve their financial goals through personalized investment strategies, and their fee-based structure ensures that clients receive unbiased and objective financial advice.
RESOURCE FINANCIAL GROUP, LTD. serves a range of clients with differing financial needs. Among their clientele are individuals seeking guidance on personal finance matters, high net worth individuals looking to maximize their wealth, and pension or profit sharing plans aiming to secure their investments for retirement. Resource Financial Group, Ltd. caters to these clients by providing tailored financial solutions that best suit their respective needs and goals. Regarding fee structures, Resource Financial Group, Ltd. provides a range of options depending on the service provided. For those seeking investment management services, a percentage of assets under management (AUM) fee structure may be offered. For clients seeking financial planning advice, an hourly fee structure may be more suitable. Alternatively, fixed fees may be charged for specific services provided, such as tax preparation or estate planning. For clients executing trades or purchasing products such as insurance policies, commissions may apply. As one can see, Resource Financial Group, Ltd. offers a variety of options to their clients, ensuring that they receive the right services with the right payment plan that fits their unique financial situation.
Typical Clients, Fee Structures & Investment Minimum
The Part 2 Brochure for Resource Financial Group, Ltd. does mention an investment minimum. The note states that "our investment minimums generally range from $100,000 to $500,000 per account depending on the investment strategy utilized." Therefore, it is safe to assume that the firm's investment minimum is within this range, and may vary based on the specific investment strategy that is chosen. It is important to keep this minimum in mind when considering working with Resource Financial Group, Ltd. as an investment advisor.
How This Office Can Help Wilmette, IL Residents
EP Wealth Advisors provides comprehensive financial planning and investment management services to clients in Palatine, IL. The firm’s financial advisors work closely with individuals and families to develop customized financial strategies that aim to achieve their specific goals and objectives. EP Wealth Advisors takes a holistic approach to financial planning, meaning that they consider all aspects of a client’s financial situation, including tax planning, retirement planning, insurance planning, estate planning, and more. For many clients in Palatine, IL, one of the most pressing financial concerns is properly planning for retirement. Many individuals are uncertain whether they will have enough savings to sustain them throughout their retirement years. EP Wealth Advisors can assist with retirement planning by developing a personalized investment strategy that takes into account a client’s age, risk tolerance, and other unique circumstances. Additionally, the firm can help clients navigate Social Security and create an income withdrawal plan during retirement. Other financial challenges that Palatine residents may face include managing debt, saving for a child’s college education, or protecting assets through insurance planning. EP Wealth Advisors can help clients address these and other concerns through its tailored financial planning services.
Services Offered by Resource Financial Group, Ltd.
Core Advisor Services
Financial Planning
Financial planning services encompass the process of devising strategies for your future financial well-being, including preparing for events such as retirement, funding your child's college education, or planning for the transfer of assets.
Portfolio Management for Individuals & Small Businesses
Portfolio management entails the careful selection and strategic management of investment combinations tailored to meet the needs of individuals and small businesses.
Market Timing Services
Market timing services involve the endeavor to generate short-term profits from investments by capitalizing on opportunities to buy at low prices and sell at high prices.
Other Services
Selection of Other Advisors
The firm provides support in selecting and engaging other advisors who possess specialized expertise to complement your financial needs.
Publication of Periodicals or Newsletters
The firm engages in the dissemination of diverse financial educational materials through the publication of periodicals.
Educational Seminars & Workshops
The firm organizes and conducts seminars or workshops aimed at enlightening investors on various financial concepts.
Fee Structures
Financial advisory fees usually are based on the services provided. Fee types charged by Resource Financial Group, Ltd. most likely consist of the following fee types: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the firm.
Available
Percentage of Assets Under Management (AUM)
This fee structure charges a percentage of the assets under management by the firm. Fee structures are often tiered based on the amount of assets managed, with higher AUM often charged a lower rate.
Between 0.50% and 2.00% of assets under management (annually), often lower for a robo advisor. Fees are typically charged quarterly by the firm and will show on your investment statement. View typical advisor costs here.
~96% of registered firms offer this fee structure.
If you have $1 million managed by a firm at a 1% management fee, you would be charged $10,000/year to manage your assets (or $2,500 per quarter). This would be automatically deducted from your investment portfolio.
Hourly
Similar to an attorney, a financial consultant might charge fees based on hourly rates. This fee structure can be advantageous when seeking specific or ad hoc advice.
Charges generally span from $150 to $400 per hour, depending on the extent of the services required.
~33% of registered firms offer this fee structure.
If you needed hourly consulting to sell a business or transfer your estate to your children but did not want your assets managed by a firm, you could consult a firm at an hourly rate to answer any questions you may have.
Fixed Fees (Other than subscription)
Fixed fees are a one-time, lump-sum payment rendered for a specific service, such as creating a financial plan without ongoing management or implementation. This option is beneficial if you solely require guidance for a particular objective rather than a long-term consultancy or asset management.
Fixed fees for creating a financial plan often range from $1,000 to $3,000.
~49% of registered firms offer this fee structure.
If you did not want a firm to manage your assets but needed to create a retirement plan, life transition plan such as divorce or loss of a spouse, estate transition plan, business financial plan, or any other financial planning, you could consult with an RIA firm to help you with the creation of that plan.
Commissions
Occasionally, advisors are compensated through commissions by selling certain financial products, such as mutual funds or life insurance policies, or as a broker-dealer by facilitating the buying and selling of securities. Advisors who receive commissions may be incentivized to make specific suggestions to clients in order to secure a commission. Advisors who operate on a fee-only basis do not earn commissions, whereas fee-based advisors may do so.
Often 3% - 6% of the value of the security.
Only ~3% of registered firms say they offer this fee structure, but other advisors may receive “soft dollars”. Many mutual funds charge 12b-1 fees to cover the promoting and selling of the fund’s shares. While your advisor does not charge these fees, they may receive a kickback for recommending the investment.
An advisor selling their client on a life insurance policy and receiving a commission on the sale of that policy, or recommending a specific investment and receiving a kickback for that recommendation.
Unavailable
Subscription (Newsletter or Periodical)
Performance-based Fees
Advisors typically obtain performance-based fees if a portfolio surpasses a predefined benchmark. This fee is determined through various methods, but is most commonly assessed as a percentage of investment gains. Performance-based fees may incentivize advisors to undertake riskier decisions in pursuit of generating higher returns.
“Two and Twenty” is common among hedge funds with a 2% management fee and a 20% incentive fee above the “hurdle rate,” or performance threshold the fund is compared against.
32% of registered firms offer this fee structure.
A hedge fund earns a 15% return with a 20% performance fee in above the performance of the S&P 500, which grew 7% that same year.
20% of fund growth in excess of S&P 500’s 7% growth for that year = 15% hedge fund growth - 7% S&P 500 growth = 8% difference x 20% = 2% performance fee (in addition to the management fee).
Other
Firms occasionally offer unconventional fee structures when charging clients. For more detailed information about a firm’s specific fee structures, please refer to their Form ADV and Part 2 Brochure.
Types of Clients
*The Securities & Exchange Commission defines someone as “high net worth” if they have $750,000 or more in investable assets or $1.5M of estimated total net worth.
This Office Location
Other Office Locations
This firm has no other locations.
State Registrations
Resource Financial Group, Ltd. is registered to service clients in the following states:
- Illinois
Disciplinary History
Resource Financial Group, Ltd. does not have any disclosures. Please visit it's Form ADV for more details.