Patap Financial Services
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
About
Patap Financial Services provides personalized financial planning and investment management to individuals, estates and small businesses, managing roughly $50.7 million for about 135 clients. The firm serves both high‑net‑worth and non‑HNW individual clients and, in addition to fee‑based advisory services, is affiliated with an insurance agency that offers annuities and life products on a commission basis.
The firm typically provides discretionary asset management, documents client objectives in investment policy statements created from questionnaires and interviews, and places trades under a limited power of attorney. Its investment approach emphasizes strategic asset allocation using a core‑and‑satellite mix of index funds and ETFs, supplemented by actively managed funds where appropriate, with a preference for no‑load or low‑load mutual funds and limited access to IPOs.
What distinguishes the firm is the combination of percentage‑of‑AUM fee management alongside an affiliated insurance brokerage, a structure that permits both fee‑based portfolio management and commissionable insurance sales and that the brochure identifies as a potential conflict of interest. The firm is small and long‑established, focuses on individualized planning and portfolio management for private clients rather than advising private funds, and uses qualified custodians for client assets.
Client services
Expertise
Fee options
Financial plans priced according to complexity; some retainer agreements may be priced based on complexity
$0 - $1,000,000: 1.00% annually $1,000,000+: Negotiable
Occasional sale of annuities and life insurance products on a commission basis with full disclosure
Account minimum: $50,000 Minimum fee: Minimum annual fee of $500.00 for new portfolio management clients, negotiable
Main office
Naperville IL
Advisors at this office
1
Most active in
Illinois
Also doing business as
Patap Financial Services · Patap Financial Services, Inc.
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is active or affiliated with:
Insurance agent
They sell insurance products and may earn commissions on those sales.
Is not active or affiliated with:
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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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