Mps Loria Financial Planners,LLC (Burr Ridge)

Name: Mps Loria Financial Planners,LLC
Address: 7500 South County Line Road, Burr Ridge, IL, 60527 6955
Telephone: 630-887-4404

Mps Loria Financial Planners,LLC is a large advisory firm based in Burr Ridge. It manages $386.79 million of regulatory assets for 1,524 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdictions of California, Florida, Illinois, and 5 other states.

Mps Loria Financial Planners provides financial planning services, portfolio management for individuals and small businesses, and pension consulting services. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Mps Loria Financial Planners: assets under management

The assets under management (AUM) of Mps Loria Financial Planners,LLC is $386.79 million. The firm's AUM has gone down by -2% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $356.67 million in discretionary accounts and $30.11 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $248.38 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $342.2 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 76% of the total AUM. The second-largest asset type is exchange traded securities, which make up 15% of the firm’s portfolio. Investments in cash and cash equivalents form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Mps Loria Financial Planners,LLC for their services and products based on a percentage of assets under management and hourly charges. 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 Mps Loria Financial Planners serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Mps Loria Financial Planners is high net worth individuals with 98 clients and $220.81 million of assets under management. Among the 9 most similar advisory firms, Mps Loria Financial Planners has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $385.37 million for 1,080 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.

Mps Loria Financial Planners doesn't advise any private funds.

Careers at Mps Loria Financial Planners,LLC

The company employs 11 people that are either part- or full-time employees. 73 percent of the employees work as investment advisers or researchers. 10 employees are registered as investment adviser representatives with the state securities authorities.

There are 2 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Richard Thomas Loria	President & managing member & (2006) chief compliance officer	1 Aug 1999	25% - 50%	2178578
Michael Francis Pauritsch	Member	1 Aug 1999	Other	1505598
Edward William Mulcahy	Member	1 Aug 1999	Other	4067588
Philip Alan Salvador	Member	1 Aug 1999	Other	4060298

Based in Burr Ridge

The principal office where Mps Loria Financial Planners,LLC performs its advisory services is located at 7500 South County Line Road, Burr Ridge, IL 60527 6955, 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 630-887-4404 or by fax 630-887-7895. The normal business hours are 9:00 am to 5:00 pm (cst) on Monday - Friday. You can find more information about the New York firm at mpsloria.com.