Herbert Lichtman is a registered investment advisor at Arena Consulting, LLC, based in Highland Park, IL, with 14 years of industry experience. Herbert operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Alternative Investments. Their firm serves 25 clients with $70M in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Arena Consulting does not manage investments in the traditional sense. Instead, they advise on private investments related to civil litigation. When a transaction closes, Arena Consulting earns a one-time transaction fee of 6%. Arena Consulting also earns a 20% carried interest when a transaction reaches liquidity. There are no annual fees.
Location
Highland Park, IL
Get directionsHistory
Regulatory History
No disclosures, customer disputes, or regulatory actions on file.
Disclosures include customer complaints, regulatory actions, and other events that advisors must report to the SEC. A clean record means none have been reported.
Learn about disclosures →Other Business Activities
Herbert is a member of Continuity, LLC, a special-purpose entity facilitating investment and miscellaneous consulting, since 2009. He spends minimal time per month on general oversight for this investment-related activity.
Employment History
Current Registrations
Arena Consulting, LLC
State Registrations1 state
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.