John Michalak
John Michalak is a registered investment advisor at Chicago Investment Advisory Council, INC., based in St. Charles, IL, with 25 years of industry experience. John operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Estate Planning, Financial Planning & Coaching, Investment Management, Retirement Planning. Their firm serves 1,085 clients with $190M in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
For ongoing portfolio management, Chicago Investment Advisory Council charges an annual fee based on the value of your investments. For accounts where CIAC has the authority to make trades without asking you first, the fee is typically between 1.00% and 2.00% per year. For accounts where CIAC needs your permission before each trade, the fee is typically between 0.50% and 1.00% per year. The specific fee will be in your agreement. The fee is charged quarterly.
Location
1601 E. Main Street, Suite 1C, St. Charles, IL, 60174
Get directionsHistory
Regulatory History (1)
Customer Dispute
March 2020Other Business ActivitiesSells Insurance
John sells fixed insurance, term, whole life, and equity indexed annuities from various insurance carriers through Chicago Investment Advisory Council Inc. He also works as an Investment Advisor Representative (IAR) for Chicago Investment Advisory Council, dedicating nearly full-time hours to this role.
Employment History
Current Registrations
Chicago Investment Advisory Council, INC.
J.W. Cole Financial, INC.Broker
Previous Registrations
Waddell & Reed, INC.
Waddell & Reed, INC.Broker
State Registrations13 states
You can work with an advisor not registered in your state. Most advisors can legally serve a small number of clients across state lines without registering.