Locke Financial Services, Inc.
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
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
Expertise
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
630 N North Court, Suite, 108
Palatine IL 60067
Advisors at this office
1
Most active in
Illinois · Iowa
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
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.
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