Lodestar Investment Counsel, LLC is a large advisory firm based in Chicago. It manages $1.42 billion of regulatory assets for 1,317 client accounts. It has been registered with the SEC as an adviser since 2003 and has operated in the jurisdictions of Arizona, California, Florida, and 13 other states.
Lodestar Investment Counsel provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and publication of newsletters. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Lodestar Investment Counsel, LLC is $1.42 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 204% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Lodestar Investment Counsel, LLC for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
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 William Allen Goldstein is high net worth individuals with 524 clients and $1.19 billion of assets under management. Among the 8 most similar advisory firms, Lodestar Investment Counsel has the 3rd highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $1.42 billion for 694 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.
Lodestar Investment Counsel doesn't advise any private funds.
The company employs 11 people that are either part- or full-time employees. 45 percent of the employees work as investment advisers or researchers. 3 employees are registered as investment adviser representatives with the state securities authorities.
There are 6 people 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.
William Allen Goldstein has been acting as President since 1 Dec 2002. Krista Kay Linn joined the executive team most recently as the Managing Director.
The principal office where Lodestar Investment Counsel, LLC performs its advisory services is located at 150 S. Wacker Drive, Chicago, IL 60606, 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 312-630-9666 or by fax 312-630-9669. The normal business hours are 8:30 a.m. - 5:00 p.m on Monday - Friday. You can find more information about the New York firm at ldstr.com.