Zaks Investment Advisory Service, LLC
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
About
Zaks Investment Advisory Service is a state-registered investment advisor that provides discretionary and nondiscretionary separately managed accounts for individual clients, establishing investment objectives and risk tolerance in an initial conference. The firm reports a $50,000 minimum account size and managed just over $2.5 million in discretionary client assets as of October 1, 2024, and it serves individual (including non–high-net-worth) households rather than primarily institutional or pooled investors.
The firm’s investment approach emphasizes asset allocation and passive management, implementing diversified portfolios principally through exchange-traded funds and passively managed mutual funds and avoiding market timing or technical analysis. Portfolios are adjusted to reflect client circumstances, trading volume is low, the firm does not employ leverage, and it focuses on liquid, broadly diversified funds.
Noteworthy features include a very small operating structure with no employees and investment recommendations made by the firm’s principal, who discloses devoting a substantial portion of his time to another business; the firm is fee-only and charges percentage-of-AUM advisory fees, does not participate in wrap programs, and declines proxy-voting responsibility. Compared with peers classified as investment managers for pooled or institutional assets, its focus on individual retail clients and the principal’s significant outside business activity are atypical.
Client services
Expertise
Fee options
$0 - $500,000: 1.00% $500,001 - $1,500,000: 0.75% $1,500,001+: 0.50%
Account minimum: $50,000 Fee-only: Advisory fees based on percentage of assets under management; no commissions or other compensation received.
Main office
73 W. Monroe Street, Suite 210
Chicago IL 60603
Advisors at this office
1
Most active in
Illinois
Also doing business as
Zaks Investment Advisory Service, LLC · Zaks Investment Advisory Services, LLC
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.
Forms ADV
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