Lantz Financial LLC (Naperville)

Name: Lantz Financial LLC
Address: 1733 Park Street, Naperville, IL, 60563
Telephone: 331-204-6230

Lantz Financial LLC is a large advisory firm based in Naperville. It manages $431.99 million of regulatory assets for 1,562 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Arizona, California, Florida, and 8 other states.

Lantz Financial provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Lantz Financial: assets under management

The assets under management (AUM) of Lantz Financial LLC is $431.99 million. The firm's AUM has grown by 1% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $373.82 million in discretionary accounts and $58.17 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $257.63 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $524.07 thousand.

Lantz Financial has custody of $291.5 million in cash and securities for 192 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 43% of the total AUM. The second-largest asset type is investment and business development companies, which make up 36% of the firm’s portfolio. Investments in cash and cash equivalents form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Lantz Financial 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.

What kind of clients Lantz Financial serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Lantz Financial is individuals with 143 clients and $346.75 million of assets under management. Among the 7 most similar advisory firms, Lantz Financial has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $431.99 million for 425 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.

Lantz Financial doesn't advise any private funds.

Careers at Lantz Financial LLC

The company employs 7 people that are either part- or full-time employees. 43 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
Michael Jon Lantz	Managing principal/ cco	1 Jun 2018	75% - 100%	2099896

Based in Naperville

The principal office where Lantz Financial LLC performs its advisory services is located at 1733 Park Street, Naperville, IL 60563, 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 331-204-6230 or by fax 331-229-8632. The normal business hours are 8:30am-4:30pm on Monday - Friday. You can find more information about the New York firm at lantzteam.com.