Highpoint Advisor Group, LLC (Downers Grove)

Name: Highpoint Advisor Group, LLC
Address: 2001 Butterfield Road, Downers Grove, IL, 60515
Telephone: 630-719-9222

Highpoint Advisor Group, LLC is a large advisory firm based in Downers Grove. It manages $1.94 billion of regulatory assets for 6,315 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Alabama, Arizona, California, and 32 other states.

Highpoint Advisor Group provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, selection of other advisers, and educational seminars and workshops. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Highpoint Advisor Group: assets under management

The assets under management (AUM) of Highpoint Advisor Group, LLC is $1.94 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 197% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.94 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $306.6 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 82% of the total AUM. The second-largest asset type is exchange traded securities, which make up 9% of the firm’s portfolio. Investments in cash and cash equivalents form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Highpoint Advisor Group, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Highpoint Advisor Group serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Highpoint Advisor Group is high net worth individuals with 1,878 clients and $1.09 billion of assets under management. Among the 10 most similar advisory firms, Highpoint Advisor Group has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.94 billion for 6,315 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.

Highpoint Advisor Group doesn't advise any private funds.

Careers at Highpoint Advisor Group, LLC

The company employs 87 people that are either part- or full-time employees. 92 percent of the employees work as investment advisers or researchers. 79 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 receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Bradley Andrew Schaffnit	Principal and chief compliance officer	1 Jan 2012	75% - 100%	4394679
Craig Faris Ibrahim	Partner and chief compliance officer	1 May 2016	50% - 75%	4621196
Martin Anthony Campbell	Partner	1 May 2016	50% - 75%	5454253

Based in Downers Grove

The principal office where Highpoint Advisor Group, LLC performs its advisory services is located at 2001 Butterfield Road, Downers Grove, IL 60515, which is also the mailing address of the firm. An additional office of the firm is in Naperville, IL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 630-719-9222 or by fax 630-719-9221. The normal business hours are 8am - 5pm on Monday - Friday. You can find more information about the New York firm at highpointplanningpartners.com and its LinkedIn profile.