Coyle Financial Counsel, LLC (Glenview)

Name: Coyle Financial Counsel, LLC
Address: 2700 Patriot Blvd., Glenview, IL, 60026
Telephone: 847-441-5644

Coyle Financial Counsel, LLC is a large advisory firm based in Glenview. It manages $586.65 million of regulatory assets for 2,041 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of California, Colorado, Florida, and 8 other states.

Coyle Financial Counsel provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, selection of other advisers, publication of newsletters, and educational seminars and workshops. It prepares financial plans for approximately 2,000 clients. On top of advisory services, the firm doesn't engage in other business activities.

Coyle Financial Counsel: assets under management

The assets under management (AUM) of Coyle Financial Counsel, LLC is $586.65 million. The firm's AUM has grown by 45% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $455.1 million in discretionary accounts and $131.55 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $328.12 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $201.15 thousand.

Coyle Financial Counsel has custody of $486.66 million in cash and securities for 1,290 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 42% of the total AUM. The second-largest asset type is exchange traded securities, which make up 27% of the firm’s portfolio. Investments in state and local bonds form 13% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Coyle Financial Counsel, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. 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.

What kind of clients Gary William Klaben serves?

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Gary William Klaben is high net worth individuals with 185 clients and $533.52 million of assets under management. Among the 11 most similar advisory firms, Coyle Financial Counsel has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $586.65 million for 388 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Coyle Financial Counsel doesn't advise any private funds.

Careers at Coyle Financial Counsel, LLC

The company employs 19 people that are either part- or full-time employees. 47 percent of the employees work as investment advisers or researchers. 9 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Gary William Klaben has been acting as President since 1 Oct 2015. John R. Dragstrem 2004 Revocable Trust joined the executive team most recently as the Owner.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Edward Joseph Kelly	Chief compliance officer	1 Sep 1997	Other	1629002
Gary William Klaben	President	1 Jun 2000	25% - 50%	1482457
Kevin Thomas Coyle	Vice president	1 Jun 2000	25% - 50%	1877243
Gary William Klaben	President/managing member	1 Oct 2015	Other	1482457
Kevin Thomas Coyle	Managing member	1 Oct 2015	Other	1877243
Coyle Holdings Llc	Owner	1 Oct 2015	75% - 100%	47-5393683
John Rolla Dragstrem	Chief operating officer, cco	1 Nov 2015	Other	1490940
John R. Dragstrem 2004 Revocable Trust	Owner	1 Jul 2018	Other	xxx-xx-xxxx

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
John Rolla Dragstrem	Trustee	1 Jul 2018	Other	1490940

Based in Glenview

The principal office where Coyle Financial Counsel, LLC performs its advisory services is located at 2700 Patriot Blvd., Glenview, IL 60026, which is also the mailing address of the firm. An additional office of the firm is in Naples, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 847-441-5644 or by fax 847-441-5258. The normal business hours are 8:30am - 5:00pm on Monday - Friday. You can find more information about the New York firm at coylefinancial.com.