World Equity Group, Inc. (Arlington Heights)

Name: World Equity Group, Inc.
Address: 1650 N. Arlington Heights Rd., Arlington Heights, IL, 60004
Telephone: 847-342-1700

World Equity Group, Inc. is a large advisory firm based in Arlington Heights. It manages $687.18 million of regulatory assets for 1,064 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 47 other states.

World Equity Group provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, publication of newsletters, and educational seminars and workshops. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

World Equity Group: assets under management

The assets under management (AUM) of World Equity Group, Inc. is $687.18 million. The firm's AUM has grown by 1279% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $624.35 million in discretionary accounts and $62.83 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.01 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $83.44 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 91% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 3% of the firm’s portfolio. Investments in cash and cash equivalents form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay World Equity Group, Inc. 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 Richard Steven Jr Babjak serves?

The only and largest group of clients of Richard Steven Jr Babjak is individuals with 2,050 clients and $687.18 million of assets under management. Among the 6 most similar advisory firms, World Equity Group has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $687.18 million for 2,050 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.

World Equity Group also advises several private funds. Namely, one private equity fund. The minimum investment commitment required of non-related persons is $50,000 for each fund.

Careers at World Equity Group, Inc.

The company employs 172 people that are either part- or full-time employees. 45 percent of the employees work as investment advisers or researchers. 78 employees are registered as investment adviser representatives with the state securities authorities.

There are 3 people 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.

World Equity Group, Inc. is owned by Barry Neal Link. Richard Steven Jr Babjak has been acting as President since 1 Jan 1998. Christopher Alex Cokinis joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
John Howard Mathues	President	1 Jan 1997	25% - 50%	1453380
Richard Steven Jr Babjak	President	1 Jan 1998	25% - 50%	2074968
Robert Daniel Yarosz	President of compass division	1 Jan 1998	25% - 50%	2074974
Gary Thomas Richards	Srop/crop	1 Aug 2001	Other	2466785
Barry Neal Link	Owner	1 Mar 2003	Other	847567
Paul Stephen King	Chief compliance officer	1 Jun 2006	Other	3151379
Barry Craig Stark	Chief compliance officer	1 Dec 2006	Other	2704020
Kristy Lynn Hopkins	Chief compliance officer	1 Apr 2008	Other	2508499
Robert Alan Walter	Vice president	1 Apr 2009	Other	2507287
Matthew Lee Lovett	Chief compliance officer	1 May 2010	Other	3094561
Stephen Stanley Dudas	Finop	1 May 2011	Other	4820047
Robert Christian Acri	Chief compliance officer	1 Jun 2012	Other	1429736
Robert Christian Acri	Chief operating officer	1 Nov 2012	Other	1429736
David Leon Smith	Chief compliance officer	1 Nov 2012	Other	2246779
Jeffrey Steven Weglarz	Chief compliance officer	1 Mar 2013	Other	5228771
Mark John Jr Lishchynsky	Chief operating officer	1 Jul 2013	Other	2478952
Christopher Alex Cokinis	Chief compliance officer	1 Mar 2018	Other	1527389

Based in Arlington Heights

The principal office where World Equity Group, Inc. performs its advisory services is located at 1650 N. Arlington Heights Rd., Arlington Heights, IL 60004, which is also the mailing address of the firm. An additional office of the firm is in Wheaton, IL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 847-342-1700 or by fax 847-342-5056. The normal business hours are 8:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at worldequitygroup.com/.