The Mosaic Financial Group, LLC (Chicago)

Name: The Mosaic Financial Group, LLC
Address: 303 E. Wacker Drive, Chicago, IL, 60601
Telephone: 312-255-5490

The Mosaic Financial Group, LLC is a large advisory firm based in Chicago. It manages $912.29 million of regulatory assets for 605 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Florida and Illinois.

The Mosaic Financial Group provides financial planning services, portfolio management for individuals and small businesses, selection of other advisers, and tax preparation & consulting and portfolio monitoring. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

The Mosaic Financial Group: assets under management

The assets under management (AUM) of The Mosaic Financial Group, LLC is $912.29 million. The firm's AUM has grown by 3065% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $406.91 million in discretionary accounts and $505.38 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.33 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.18 million.

The Mosaic Financial Group has custody of $82.59 million in cash and securities for 11 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 49% of the total AUM. The second-largest asset type is exchange traded securities, which make up 27% of the firm’s portfolio. Investments in cash and cash equivalents form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay The Mosaic Financial Group, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Craig Douglas Stepnicka serves?

The firm provides services to charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of Craig Douglas Stepnicka is high net worth individuals with 130 clients and $658.63 million of assets under management. Among the 9 most similar advisory firms, The Mosaic Financial Group has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $912.29 million for 134 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.

The Mosaic Financial Group doesn't advise any private funds.

Careers at The Mosaic Financial Group, LLC

The company employs 23 people that are either part- or full-time employees. 43 percent of the employees work as investment advisers or researchers. 7 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Craig Douglas Stepnicka has been acting as President since 1 Jan 2016. Derrick J. Allen joined the executive team most recently as the Partner.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Thomas James Jackson	Member	1 Jul 2000	50% - 75%	2942842
Katherine Anne Strama	Member	1 Jul 2000	Other	4367838
Thomas Jackson	Member	1 Jul 2000	50% - 75%	2942842
Jane Ellen Marie Wolak	Member, chief compliance officer	1 Oct 2000	25% - 50%	2859788
Jane Wolak	Member	1 Oct 2000	25% - 50%	2859788
Jane Ellen Wolak	Member	1 Oct 2000	25% - 50%	2859788
James Gerard Hagedorn	Member	1 Sep 2007	Other	4583528
Craig Douglas Stepnicka	Director	1 Jan 2016	Other	1958154
Derrick J. Allen	Partner	1 Jan 2018	Other	6931796
Timothy John Debruyne	Partner	1 Jan 2018	Other	4771785

Based in Chicago

The principal office where The Mosaic Financial Group, LLC performs its advisory services is located at 303 E. Wacker Drive, Chicago, IL 60601, 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 312-255-5490 or by fax 312-255-5495. 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 themosaicgroupllc.com.