Latko Wealth Management

Overview

Thomas Latko established Latko Wealth Management in Frankfort, Illinois, in 1989 as a registered investment advisor. The firm has since evolved into a family-run practice, with Kevin Latko serving as Vice President. It serves individuals, high-net-worth clients, and various entities primarily in the greater Chicago area and broader Midwest. The firm delivers fee-only portfolio management and comprehensive financial planning. Its investment approach centers on constructing diversified portfolios tailored to individual client goals, risk tolerance, and time horizons. Asset classes typically incorporated include domestic equities, fixed income, and mutual funds. As an RIA, Latko operates under a fiduciary duty, meaning it is legally obligated to place client interests ahead of its own. The firm does not publicly disclose specific portfolio holdings or investment strategies. Latko Wealth Management maintains a deliberately lean structure. The team is led by its founder and his son, reflecting the succession planning common among independent advisory practices. The firm's operational footprint remains concentrated in Frankfort, Illinois. In recent years, the advisory industry has seen a wave of consolidation as RIAs roll up into larger platforms; Latko has remained independent, continuing to serve its established client base without public announcements of acquisitions or major structural changes. Unlike larger RIAs that build proprietary investment products or in-house fund vehicles, Latko's structure relies entirely on third-party custodied assets and external fund selections. This architecture separates advice from asset custody, providing an additional layer of client protection. The father-son governance also creates a clear line of succession that eliminates uncertainty about practice continuity, a common concern among clients of solo-advisor firms.