Fee-only adviser · Palatine, IL
Locke Financial Services, Inc.
Locke Financial Services, Inc. is a fee-only investment adviser registered with the securities regulators of Iowa, Illinois, with its main office in Palatine, Illinois. On its latest Form ADV, filed March 31, 2026, it reports $55M in regulatory assets under management, 120 individual clients and 1 employee who gives investment advice. It reports no commission compensation, is not registered as a broker-dealer and does not act as an insurance agent.
Key facts from Form ADV
| Registration | State-registered: Iowa, Illinois |
|---|---|
| Firm CRD number | 117611 · SEC file 801-67590 |
| Office | 630 N North Court Suite 108 Palatine, IL 60067 |
| Phone | (847) 991-2705 |
| Website | www.lockefinancial.com |
| Regulatory assets under management | $55M |
| Individual clients | 120 non-high-net-worth, 0 high-net-worth |
| Financial planning clients | 0 |
| How it charges | Percentage of assets, Fixed fee |
| Services | Financial planning, Portfolio management |
| Employees | 1 |
| Disciplinary disclosures | Yes, see SEC record |
| Latest Form ADV filing | March 31, 2026 |
Source: the firm’s Form ADV Part 1A as published by the SEC’s Investment Adviser Public Disclosure database, data as of November 6, 2026. Figures are self-reported by the firm.
What this means for you
- It offers hourly or fixed-fee arrangements, so you may be able to pay for a plan without handing over your investments.
- It also charges a percentage of assets managed for ongoing investment management.
- Most of its individual clients are not high-net-worth, so it is likely to work with people who are still building assets.
- It provides financial planning services, not only portfolio management.
- It reports disciplinary history on Form ADV. Read the disclosure details on its SEC record before you engage it.
Before you hire any adviser
Read the firm’s Form ADV Part 2 brochure on its SEC record: it sets out fees, minimums, conflicts of interest and who will manage your money. Ask whether the firm acts as a fiduciary for all of your accounts, how it is paid in total, and who holds your assets. Our guide to choosing a financial adviser lists the questions to ask.
Other fee-only advisers in Palatine
- Detterbeck Wealth Management $279M
- Von Holt Financial Advisors, Inc. $107M
- Lefevre & Associates Not reported
See all 4 fee-only advisers in Palatine →
Nearby
- Rolling Meadows 2 firms
- Schaumburg 6 firms
- Arlington Heights 6 firms
- Barrington 7 firms
- Deer Park 2 firms
- Lake Barrington 2 firms
- Hoffman Estates 2 firms
- Lake Zurich 1 firm
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