Steward Advisors, LLC
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client AUMClient assets under management
$160,256,342
Clients
104
Advisors
4
of 4 employees
About
Steward Advisors, LLC provides fee-based financial planning and investment management to individuals (including high-net-worth clients) and a range of entities such as trusts, estates, retirement plans, corporations and family offices. The firm offers comprehensive financial planning services (estimated at 15–20% of firm time) as well as private portfolio management and standalone or limited-scope planning engagements.
Portfolios are constructed from asset-allocation models using ETFs, mutual funds, stocks and bonds, and are governed by a written investment policy with periodic rebalancing and quarterly performance reporting. The firm also employs options and other derivatives strategies, may engage in short-term trading or margin transactions where appropriate, and uses Monte Carlo statistical analysis to produce hypothetical projections in retirement planning.
Steward’s explicit use of hypothetical performance projections and its disclosure that derivatives (options strategies) can be used in client accounts are features that are uncommon among peer team firms. The firm manages about $160.7 million across roughly 104 clients, and for eligible clients may recommend privately placed securities and alternative pooled vehicles in addition to public funds, reflecting a relatively concentrated client base and broader access to alternative investments.
Client services
Expertise
Fee options
Fixed fee of $3,500 for standalone comprehensive financial plan
$0 - $1,100,000: 1.0% Over $1,100,000 - $2,200,000: 0.75% Over $2,200,000 - $5,500,000: 0.50% Over $5,500,000 - $11,000,000: 0.35% Over $11,000,000+: 0.25%
$350 per hour for financial planning for clients under $600,000 in assets under management
Negotiated quarterly retainer fee for financial planning for clients under $600,000 in assets under management
Account minimum: $250,000 Fee-only: Financial planning charged hourly at $350 per hour, retainer basis at negotiated quarterly rate, or fixed fee $3,500 for standalone comprehensive plan
Main office
625 West Adams Street, Floor 19
Chicago IL 60661
Advisors at this office
4
Most active in
Florida · Illinois
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.
Quick links
Advisors at this firm
Nicholas L
Series 65
Chicago, IL
Steward Advisors, LLC
Nicholas Lovitsch is a financial advisor at Steward Advisors, LLC with a Series 65 designation and two years of industry experience. He previously worked at The Red Lion from 2019 to 2023. Steward Advisors serves individuals, businesses, trusts, estates, retirement plans, charitable organizations, corporations, and family offices with fee-based financial planning and private portfolio management. The firm manages approximately $137 million in assets and integrates financial planning into its services, using a range of investment vehicles including ETFs, mutual funds, individual stocks, bonds, and privately placed securities.
Dale B
CFP®, Series 65
Chicago, IL
Steward Advisors, LLC
Dale Branda is a CFP® professional with nine years of industry experience, currently serving as an advisor at Steward Advisors, LLC since 2016. He holds a Series 65 license and is based in Chicago, IL. Steward Advisors serves individuals, businesses, trusts, estates, retirement plans, charitable organizations, corporations, and family offices with fee-based financial planning and private portfolio management. The firm manages approximately $137 million in assets and integrates financial planning into its services, utilizing diversified portfolios and documented reporting practices.
Timothy O
CFP®, Series 65
Chicago, IL
Steward Advisors, LLC
Timothy Obendorf is a CFP® and holds a Series 65 license with 16 years of industry experience. He has been with Steward Advisors, LLC since 2011. Outside of his advisory role, he is a 25% minority owner and board member of McLennan Property Management Company, which manages commercial and industrial properties in the Chicago area. Steward Advisors serves individuals, businesses, trusts, estates, retirement plans, charitable organizations, corporations, and family offices with fee-based financial planning and private portfolio management. The firm manages approximately $137 million in assets, integrating financial planning with investment strategies that include ETFs, mutual funds, individual securities, and privately placed investments, while employing options and derivatives for hedging and tactical purposes.
Michael K
Series 65, Series 66
Chicago, IL
Steward Advisors, LLC
Michael Kwon is a financial advisor with Steward Advisors, LLC in Chicago, IL, holding Series 65 and Series 66 designations and 13 years of industry experience. He has been with Steward Advisors since 2013. Steward Advisors serves individuals, businesses, trusts, estates, retirement plans, charitable organizations, corporations, and family offices with fee-based financial planning and private portfolio management. The firm manages approximately $137 million in assets, offering integrated financial planning, Monte Carlo retirement analysis, and tailored portfolios that include ETFs, mutual funds, individual securities, and derivatives strategies.
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