| Advisor Profile |
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| Name: |
Michael Willman |
| Phone Number: |
(847) 563-4636 |
| Website: |
Visit Website
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Business Description |
| Blue Sky Investment Partners is a registered investment advisor located in Evanston, Illinois. We provide wealth management, financial planning and investment consulting services to individuals, couples, families and small institutions. We pride ourselves on our people-centered approach to investment management. We work collaboratively with clients to build, manage, and preserve wealth. Blue Sky Investment Partners is 100% independent, employee-owned and fee-based. |
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General Information |
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| States Licensed in: |
Illinois
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| Years of Experience in Financial Services: |
14
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| Number of Years with Current Firm: |
1
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| Work Experience: |
Currently President of Blue Sky Investment Partners, Inc.
Research Director, Leavitt Capital Management, 2000-2007
Independent Consultant, Citadel Investment Group, 1999
Investment Consultant, Stratford Advisory Group, 1994-1998
Analyst, U.S. Railroad Retirement Board, 1992-1994
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| I work with the following types of clients: |
Businesses, Individual Investors, Non-Profit Organizations
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Education |
| Academic Background |
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M.B.A. in Finance, DePaul University, 1996
B.S. in Finance, DePaul University, 1992 |
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Services |
| Investment Types: |
Commodities, Bonds, Stocks, Mutual Funds, Alternative Investments, Exchange Traded Funds (ETFs), Socially Responsible Investments (SRI)
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Qualifications & Memberships |
| Certifications, Accreditations & Designations: |
Registered Investment Advisor (RIA) (State or SEC) or RIA representative
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| Securities Licenses: |
Series 65
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Firm Information |
| Number of Advisors in Office: |
Up to 10 employees
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| Firm's Number of Clients: |
17
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| Firm's Number of Planning Clients: |
14
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| Firm's Number of Managed Clients: |
14
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| Assets Managed by Firm: |
$5 million
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| Advisor's Number of Clients: |
17
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| Advisor's Number of Managed Clients: |
14
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| Advisor's Number of Planning Clients: |
14
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| Assets Managed by Advisor: |
$5 million
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Compliance |
| Registered Investment Advisor: |
Yes
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| I am an acknowledged fiduciary: |
Yes
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| Compliance Disclosures in Last 5 years: |
I have a clean record
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| Criminal Disclosures in Last 5 years: |
I have a clean record
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Compensation & Fees |
| I am a fee-only financial professional: |
Yes
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| I am a fee-based financial professional: |
Yes
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| Minimum Portfolio Size for New Managed Accounts: |
$250,000
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| Compensation Methods: |
Based on Assets, Flat Fee, Hourly
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| Fee % Based on Assets: |
1.00
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| Additional Details on Charges: |
1.00% on the first $1 million in assets
0.90% on the next $2 million in assets
0.80% on the next $2 million in assets
0.70% Thereafter
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| Minimum Fee Charged for Managed Accounts: |
$2,500
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| Prepared By: |
Michael Willman |
Frequently Asked Questions |
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Do you have a customer satisfaction or refund policy? |
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We spend a considerable amount of time with potential clients to make sure that we can help them and that the personality fit is right. In the event that a client does not want us to manage their portfolio, we will refund any prepaid quarterly management fees that are not used. |
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What are your qualifications? What is your education background? |
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I have over 14 years of experience managing investment portfolios for individuals and institutions. I have an M.B.A. in Finance and a B.S. in Finance both from De Paul University in Chicago. |
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What is your approach to financial planning? |
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We have a comprehensive approach to planning that includes reviewing all areas of a client's financial life. The service begins with a detailed risk tolerance assessment. The service also includes constructing a new portfolio, on-going portfolio management, retirement planning, college planning and an insurance review. |
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What services do you offer? |
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Our signature service is our Wealth Management Service. This service includes a comprehensive review of all personal financial areas. The service begins with a detailed risk tolerance assessment. The service also includes constructing a new portfolio, on-going portfolio management, retirement planning, college planning and an insurance review. |
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How many clients do you currently manage? |
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Will you be the only person working with me? |
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Yes. I work directly with every client. |
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How are you compensated? How will I pay for your services? |
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We are a 100% fee-based advisor. Our fees are 1.0% of the assets we manage for you up to $1 million. Fees step down for assets managed over $1 million. |
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| Q. |
If you are going to manage my account, will you obtain my permission every time you buy or sell something? |
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Most of the accounts we manage are discretionary, meaning that we do not obtain approval before buying or selling. When you begin working with us we do, however, spend considerable time with you determining your proper asset allocation. We also provide an initial portfolio action plan that details all proposed buys and sells for your portfolio. |
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Do you offer any guaranteed results? |
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No. I would strongly suggest staying away from any advisor that guarantees you results. |
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How much risk should I be willing to take? |
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We administer a detailed risk tolerance questionnaire for every new client. Reviewing this questionnaire, your investment time horizon and your target return will help us determine the appropriate risk level for your portfolio. |
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Have you ever been charged with any breaches? |
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What services do you provide? What are your specialties? |
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Our signature service is our Wealth Management Service. This service includes a comprehensive review of all personal financial areas. The service begins with a detailed risk tolerance assessment. The service also includes constructing a new portfolio, on-going portfolio management, retirement planning, college planning and an insurance review. |
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What is your experience? How many clients do you currently manage? |
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I have over 14 years of experience managing investment portfolios for individuals and institutions. I have an M.B.A. in Finance and a B.S. in Finance both from De Paul University in Chicago. We work with 17 clients. |
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What financial institution(s) do you represent? |
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We are 100% independent. We have no affiliations with other firms. We are free to recommend any investment without conflict. |
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How do you charge for your services? |
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Our fees are 1.0% of the assets we manage for you up to $1 million. Fees step down for assets managed over $1 million. |
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Do you provide a free initial consultation? |
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Why should I choose you as my financial advisor? |
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I have over 14 years of experience managing investment portfolios for individuals and institutions. I have and M.B.A. in Finance and a B.S. in Finance both from De Paul University in Chicago. |
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What are your qualifications? |
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I have over 14 years of experience managing investment portfolios for individuals and institutions. I have and M.B.A. in Finance and a B.S. in Finance both from De Paul University in Chicago. |
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What is your approach to Education Planning? |
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I help my clients find the lowest cost, most tax-friendly vehicles for college savings. |
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How long does the process of setting up an Education Plan usually take? |
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What financial institutions do you represent? |
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We are 100% independent. We have no affiliations with other firms. We are free to recommend any investment without conflict. |
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How many years of experience do you have? |
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What are your fees for this service? |
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This is not offered as a stand alone service. It is part of our Weatlh Management Service. |
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How many Education Planning clients do you currently manage? |
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What are your qualifications? |
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I have over 14 years of experience managing investment portfolios for individuals and institutions. I have and M.B.A. in Finance and a B.S. in Finance both from De Paul University in Chicago. |
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What is your approach to 401 K plan rollovers? |
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We view the rollover as one part of your total portfolio. We review your total portfolio to make sure your risk level is appropriate and your return goals are attainable. |
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How long does the process of rolling over a 401K plan usually take? |
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The process could take 2 weeks to one month depending on how quickly your former employer acts in terms of transferring the funds. |
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What financial institutions do you represent? |
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We are 100% independent. We have no affiliations with other firms. We are free to recommend any investment without conflict. |
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How many years of experience do you have? |
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What are your fees for this service? |
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Our fees are 1.0% of the assets we manage for you up to $1 million. Fees step down for assets managed over $1 million. |
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How many 401K rollover clients do you currently manage? |
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Why should I roll over my 401K plan to your firm? |
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I have 14 years of experience managing portfolios for individuals and families in many different market environments. I am 100% independent and 100% fee-based, so my recommendation will always be in your best interest. Also, we review all areas of your financial life to ensure that you are making intelligent and cost effective decisions. |
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| Q. |
Do you provide a free initial consultation? |
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