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Essential Financial Strategies
Financial Planning for Families | Rorik Larson is a fee-only financial planner located in Palos Heights, IL serving clients throughout the Chicago area and...
Overview
Financial Planning for Families | Rorik Larson is a fee-only financial planner located in Palos Heights, IL serving clients throughout the Chicago area and across the country. Essential Financial Strategies provides tax-focused, comprehensive wealth planning, college planning, and retirement planning, to help clients organize, protect, and grow their assets. Essential Financial Strategies serves clients as a fiduciary.
General information
Firm type
RIA
Location
Region
North America
Frequently asked questions
How is Essential Financial Strategies regulated?
Essential Financial Strategies is registered with the Securities and Exchange Commission (SEC) as an investment advisor. The firm must comply with the Investment Advisers Act of 1940, which imposes a fiduciary duty to act in clients' best interests. The firm's ADV filing is publicly available through the SEC's Investment Adviser Public Disclosure (IAPD) database.
What types of clients does Essential Financial Strategies serve?
The firm serves individual clients, including high-net-worth individuals, as well as institutional clients such as pension plans and charitable organizations. Its services are tailored to each client's financial goals and risk tolerance.
Does Essential Financial Strategies manage direct investments in private companies?
The firm does not publicly disclose direct investment holdings in private companies. Its investment approach is based on asset allocation and fund-based investments rather than direct control positions.
What is the firm's investment philosophy?
Essential Financial Strategies uses modern portfolio theory to build diversified portfolios. The firm allocates assets across equities, fixed income, and alternative investments to manage risk and achieve long-term returns. Tax efficiency is incorporated into the portfolio construction process.
Are the services at Essential Financial Strategies fee-only or commission-based?
The firm operates on a fee-only basis, charging a percentage of assets under management. It does not accept commissions or third-party compensation, which reduces potential conflicts of interest and aligns the firm's incentives with client outcomes (per SEC filing, 2024).
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