Welcome to Locke Financial Services
Based in Palatine, Illinois, Locke Financial Services is an investment management firm that specializes in investment management, with a specific focus on establishing and maintaining 401-K retirement plans.
In today’s complex world of investment opportunities, even the most knowledgeable investors find it difficult to develop and implement a well-structured investment plan and manage their portfolio on their own. As an experienced investment firm, we are committed to understanding your unique financial needs, and providing the time and resources to formulate a prudent investment strategy to help you protect and grow your wealth.
We committed to providing you with the highest level of personal service over the long-term. At Locke Financial Services, we have a proven strategy designed around your goals and objectives. You will have access to the disciplined investment process employed by the pension funds of many of America’s most successful companies. This includes the utilization of many prominent domestic and global investment managers to implement your personalized asset allocation policy.
What We Do
Let us enrich your financial journey to give you peace of mind for the future.
Frequently Asked Questions
Yes, Locke Financial Services in Palatine, IL is a Registered Investment Advisory firm, which means that we are held to a fiduciary standard. What that means is that we are required to place our client’s interests above our own. A fiduciary standard is a higher standard than that of the suitability standard used by most brokers.
Our first step in working together is talking through your experiences in investing; your objectives and we’ll also have you complete a risk questionnaire. From our conversation and the results of your questionnaire, we will have a good handle of what your goals in investing are, whether it’s buying a summer home, saving for retirement, or college savings. We’ll also learn your tolerance for investing and will take all of those factors into consideration and invest using models that fit your profile and objectives. Typically, we invest for the long term and use conservative investments and believe in diversification.
- We specialize in working with middle class families saving for retirement, college or that summer home.
- People in a transition:
- Maybe you worked for a large company and got laid off early and your 401k needs managing.
- Maybe you’re leaving your job to start up your own business.
- People with job changes.
- Have inherited a large chunk of money that needs investing.
- We also specialize in companies with 50 or less employees who are looking to set up 401ks for employees.
- We can work with any business but specialize in service based companies,
- Companies that have a 401k program established and are looking for a fiduciary to take on the fiduciary liability and to manage it.
After our initial consultation, you should then expect to meet with us annually while we personally discuss your current financial situations, assess any changes and then review your portfolio of investments. Quarterly, you’ll be mailed a portfolio summary with our handwritten notes on there so you can be sure that we’ve closely reviewed them.
You will also receive an email every month on financial facts and a newsletter.
We also show our appreciation for our clients with an annual outing: sometimes we go to Arlington Park, or a baseball game or meet up for a round of golf.
We are fee only and normally charge a small annual fee based on assets managed. As a Fiduciary, our interests are aligned so that means if your assets go up, then we get a bigger percentage. Along the same lines, if your assets go down, our percentage goes down. This helps to continually hold us accountable, put your interests first and positions us as ongoing partners while managing your assets.
After a successful financial management career, Mr. Locke founded Locke Financial Services, a registered investment advisory firm, in 1996. Alan Locke received his Bachelor of Science degree from Waterloo University, his Master of Business Administration from Clarkson University, and was awarded his Chartered Professional Accountant designation after completing coursework at McGill University in Montreal. In addition, he has received the Certified Financial Planning and Certified Senior Advisor designations. Mr. Locke has held office positions in the Financial Planning Association of Illinois and was Chairman of the Schaumburg Roundtable.