GreatLight Fee Only Advisors, LLC
2521 Gross Point Road
Evanston, IL 60201
Our Company and Mission
As Fee-Only advisors, the emphasis is on a fiduciary responsibility to our clients. Service, not sales, is what you receive.
We offer affordable, action oriented plans for both financial and investment goals and customized solutions that are consistent with our client's risk tolerance, needs, and goals.
Annual updates are available to measure progress and adjust for any changes to your goals or situation so you may progress toward and maintain positive planning outcomes.
All plans are unique, but all of our fees are disclosed to everyone and everyone pays based on the same fee schedule.
Our mission is to assist our clients in meeting their financial goals and achieving peace of mind. We provide professional, timely, and efficient Fee-Only investment advice and financial planning.
Our Comprehensive Service Offerings
Fee-Only financial planning at an affordable price is a priority of GreatLight Fee Only Advisors. "Action Plans" are offered that impact all areas or selected areas of our client's financial life.
Please contact us for a complimentary initial, no obligation consultation.
1. Core Investment Management Services
Current portfolios are reviewed and recommendations are made as appropriate relative to the client's objectives.
A written Investment Policy Statement is developed based on the client's risk tolerance, goals, objectives, income needs, and time horizons.
This is an ongoing service with a limited power of attorney with the custodian to effect transactions.
Action Plans are not included with this service, but are available for additional fees.
2. Premier Investment Management Services
For accounts at or above $500,000, the same services as Core, plus annual Comprehensive Financial Action Plans are available upon request.
For accounts below $500,000, the same services as Core, plus annual Financial Independence Action Plans are available upon request.
3. Edelman Financial Investment Management
We are members of the Edelman Financial Network.
4. Comprehensive Financial Action Plan
This Financial plan generally includes:
- "Data Collection" meeting
- Development of goals and objectives
- Analysis of assets, liabilities, and cash flow
- Income tax planning
- Retirement projections and planning
- Education and other goal funding
- Risk tolerance analysis and risk management recommendations
- Investment suitability review
- Portfolio risk analysis and asset allocation recommendations
- Estate planning
5. Financial Independence Action Plan
This plan focuses on pre- and/or post-retirement issues and on finding solutions that are customized for each individual and family. This plan includes a review of your asset allocation.
A "Data Collection" meeting is an optional service you may add to this plan.
6. Investment Action Plan
This is a one-time condensed review of a client's investment portfolio that includes:
- Analysis of Investment Risk Tolerance
- Investment Suitability Analysis
- Developing An Appropriate Asset Allocation
- Recommending asset location between taxable, nontaxable, and tax-advantaged accounts
- Recommendations regarding and risks and modification of existing portfolio holdings
- Other specific portfolio recommendations
A "Data Collection" meeting is an optional service you may add to this plan.
7. Action Plan Update Services
Updates of the above Action Plans, presented by GreatLight, are available as a separate service.
8. Investment Consulting Services
This service will provide you with semi-annual reviews and recommendations as needed. A review of your monthly statements and monitoring of trade confirmations are also provided.
9. Hourly Consulting
Our Consulting Services are designed for individuals who need a limited amount of assistance and wish to consult on an hourly basis.
Our Founder
Sidney A. Blum, CFP®, CPA/PFS, ChFC
Sid graduated from the University of Illinois with a degree in accounting and has been practicing as a CPA since 1975 and financial advisor since 1987.
Sid received the CERTIFIED FINANCIAL PLANNER(TM) certification in 1987 and in 1988, received the AICPA Certificate of Education Achievement in Personal Financial Planning.
In 1989, Sid received the designation of Chartered Financial Consultant (ChFC) and in 1991 the AICPA specialty designation of Personal Financial Specialist (CPA/PFS).
Sid Founded GreatLight Fee Only Advisors, LLC (GLFOA) in 2005. GLFOA is an affordable planning and investment alternative in the North Shore Chicago and Las Vegas areas.
Sid was a co-founder of Successful Financial Solutions, Inc. in 1994, which merged with a
large fee-only firm in 2003.
Sid does financial planning with an emphasis on income and estate taxes, retirement planning, and investment planning. Sid’s has significant background that includes, education, experience, professional & community service, and professional and media recognition.
NAPFA: The National Association of Personal Financial Advisors is the nation’s leading organization of Fee-Only comprehensive financial planning professionals.
Please be aware that GreatLight Fee Only Advisors, LLC has a portfolio minimum of $250,000 to accept inquiries through this directory.
