Locke Financial Services, Inc.
Updated today
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client assets under management
$55,000,000
Clients
120
0% high-net worth
Advisors
1
of 1 employees
Firm type
Independent
1 advisor
Fewer clients per advisor generally means more personalized, proactive service. Higher ratios may reflect streamlined models or lower minimums.
Clients per advisor
120
Very HighAverage account size
$458,333
About
Locke Financial Services provides portfolio management and financial planning to individual and high-net-worth clients and also advises pension and profit-sharing (401k) plans, an engagement type the brochure identifies explicitly. The firm charges asset-based fees for ongoing model portfolio management and offers fixed-fee financial planning, consistent with common practices among independent advisers.
Investment advice is delivered through model asset-allocation portfolios that range from income-focused to growth-oriented objectives and through discretionary account management guided by each client’s stated objectives; the firm uses fundamental analysis, asset allocation, mutual fund/ETF analysis and a long-term purchase approach. Client accounts are reviewed on a regular schedule (quarterly reviews and annual rebalancing for managed portfolios) and the firm sends annual reminders and outreach to assess changes in financial situation and suitability.
The firm’s brochure discloses a disciplinary history involving a customer dispute and a regulatory matter with the Illinois Secretary of State Securities Department, a disclosure that is relatively uncommon among peers. The principal also provides tax-preparation services (about 10% of his time), a potential conflict the brochure identifies while noting clients are free to engage other providers.
Client services
Financial planning
Portfolio management
Expertise
General retirement planning
General tax planning
Cash flow / budgeting
Fee options
$0 - $250,000: 1.4% $250,001 - $750,000: 1.25% $750,001 - $1,500,000: 1.0% $1,500,001+: 0.85%
Account minimum: $100,000 Fee-only: Financial planning fixed fees typically ranging from $500 to $1,500 per plan
Main office location
Locke Financial Services, Inc.
630 N North Court, Suite 108
Palatine IL 60067, United States
Number of offices
1
Most active in
Locke Financial Services, Inc. has reported serving >5 clients in these states in the last 12 months.
Illinois · Iowa
Disclosures
Firm disclosures are reported in Form ADV Part 1A, Item 11. They include criminal charges, regulatory actions, civil proceedings, and professional disciplinary events involving the firm or its advisory affiliates.
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
These affiliations may expand the services this firm offers and, in some cases, how they are compensated.
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Forms ADV
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