Oakbrook Terrace, IL Office
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Private Client Services, LLC
Multi-team
Firm-wide stats for Private Client Services, LLC
About
Private Client Services (PCS) is an SEC‑registered independent investment adviser serving a broad mix of individuals (including high‑net‑worth clients), families, trusts, pension plan sponsors, corporations, and charitable organizations. The firm offers financial planning, consulting, and portfolio management delivered through a network of investment adviser representatives and multiple advisory platforms.
PCS uses a discovery‑driven process that emphasizes risk profiling and tailored platform selection; IARs recommend and implement strategies across proprietary Private Wealth Management, Advisor Model Portfolios, an Investment Model marketplace, directly held American Funds F2 share accounts, and third‑party asset manager (TPAM) programs. Unlike many large peers, a majority of PCS’s AUM was managed on a non‑discretionary basis in 2025 (59.39% non‑discretionary vs. 40.61% discretionary), so many clients retain prior approval over individual trades or allocation changes.
What differentiates PCS from many enterprise‑scale firms is its combination of broker‑dealer activity and an adviser model: PCS is also a FINRA‑member broker/dealer and its supervised persons may provide commission‑based brokerage in addition to advisory services, a structural feature that is relatively uncommon among peers. The firm also maintains an employee ownership component, leverages third‑party model and OCIO relationships (including automated model implementation via Orion and OCIO oversight), and offers held‑away management tools (e.g., Pontera) for non‑custodied retirement assets, giving clients a wide set of implementation options.
Based on Private Client Services, LLC
Expertise
Based on Private Client Services, LLC
Location
1 S 450 Summit Ave, Suite 130
Oakbrook Terrace IL 60181
Advisors at this office
3
Advisors at this office
Robert S
Series 63, Series 65
Oakbrook Terrace, IL
Private Client Services, LLC
Robert Sutherland is a financial advisor with Private Client Services, LLC, holding Series 63 and Series 65 licenses and 20 years of industry experience. He has been with Private Client Services since 2010. Outside of advising, he serves as the board president of Spirito, a 501(c)(3) choral organization in Oakbrook, Illinois. Private Client Services is a multi-team SEC-registered advisory firm serving individuals, families, high-net-worth clients, trusts, estates, charitable organizations, pension plan sponsors, and businesses. The firm manages approximately $1.05 billion across over 3,200 client accounts and offers financial planning, consulting, and portfolio management through various implementation platforms and both discretionary and non-discretionary account management.
Thomas D
CFP®, Series 63
Oakbrook Terrace, IL
Private Client Services, LLC
Thomas Davy is a CFP® with 56 years of industry experience, currently serving at Private Client Services, LLC since 2010. He holds a Series 63 license and is based in Oakbrook Terrace, IL. Private Client Services is an SEC-registered independent investment adviser that serves individuals, families, trusts, pension plan sponsors, corporations, and charitable organizations. The firm utilizes a discovery-driven process focusing on risk profiling and tailored platform selection, offering a range of advisory services across multiple investment platforms.
Mitchell D
Series 63, Series 65
Oakbrook Terrace, IL
Private Client Services, LLC
Mitchell Despinich is a financial advisor at Private Client Services, LLC with 26 years of industry experience. He holds Series 63 and Series 65 licenses and has worked at Private Client Services since 2010. Prior to that, he was with Nationwide Securities, LLC and 1717 Capital Management Company. He also sells insurance products including life, disability, long-term care, and health coverage through his financial services practice. Private Client Services is an independent investment adviser serving individuals, families, trusts, pension plan sponsors, corporations, and charitable organizations. The firm employs a discovery-driven process focused on risk profiling and tailored platform selection, offering a range of advisory services through multiple investment platforms.
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