Balasa Dinverno Foltz & Hoffman LLC (Itasca)


Balasa Dinverno Foltz & Hoffman LLC is a large advisory firm based in Itasca. It manages $346.53 million of regulatory assets for 1,578 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Florida, Illinois, and 3 other states.

Balasa Dinverno Foltz & Hoffman provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, pension consulting services, and market timing services. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Balasa Dinverno Foltz & Hoffman: assets under management

The assets under management (AUM) of Balasa Dinverno Foltz & Hoffman LLC is $346.53 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 26% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $346.53 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $219.6 thousand each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Balasa Dinverno Foltz & Hoffman LLC for their services and products based on a percentage of assets under management and hourly charges. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

Indirect Owners

The SEC currently registers 3 indirect owners.

Name Entity Date acquired Ownership Employer ID
Mark Edward Balasa President 1 Oct 1989 50% - 75% 1435616
Armond Alfred Dinverno President 1 Dec 1991 50% - 75% 1500617
Michael Craig Foltz Vice president 1 Dec 1991 50% - 75% 1457668

Based in Itasca

The principal office where Balasa Dinverno Foltz & Hoffman LLC performs its advisory services is located at 500 Park Boulevard, Itasca, IL 60143, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 630-875-4900 or by fax 630-875-1150. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at www.bd-fh.com.