Illuminate Wealth Management provides financial planning and portfolio management for individuals and small businesses. Financial planning was provided to 51–100 clients last fiscal year.
Illuminate Wealth Management reports 77 clients. They include 37 individual clients, 36 high-net-worth individuals, and 4 corporations and other businesses. Of its assets, 94.0% ($158M across 326 accounts) are managed with discretion; $10.1M across 54 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 48% | 18% |
| High-net-worth individuals | 47% | 81% |
| Corporations and other businesses | 5% | 1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 37 | $29.4M | 17.6% | $796K |
| High-net-worth individuals | 36 | $136M | 81.3% | $3.78M |
| Corporations and other businesses | Fewer than 5 | $1.92M | 1.1% | $480K |
| Total | 77 | $168M | 100% | — |
- Clients
- 37
- Regulatory AUM
- $29.4M
- AUM share
- 17.6%
- Avg. per client
- $796K
- Clients
- 36
- Regulatory AUM
- $136M
- AUM share
- 81.3%
- Avg. per client
- $3.78M
- Clients
- Fewer than 5
- Regulatory AUM
- $1.92M
- AUM share
- 1.1%
- Avg. per client
- $480K
Total
- Clients
- 77
- Regulatory AUM
- $168M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 51–100
Illuminate Wealth Management is paid through a percentage of assets under management and fixed fees (other than subscription fees). The reviewed brochures do not disclose an asset-based fee rate. Read the SEC-filed brochure. The brochure also prices 2 other services, listed under fee details.
Fee details and sources
Other fees
- Limited Scope Financial Project
- A fixed fee for financial planning only engagements, which generally ranges from $5,000 to $15,000; half is collected on engagement.
- Virtual CFO Services
- Virtual CFO services are charged $2,000 to $10,000 per month, in advance.
Benjamin Hockema owns 50% to 75% of Illuminate Wealth Management. The leadership team of Illuminate Wealth Management includes Chief Compliance Officer Edgardo Arraya. It has 6 employees, 2 of them in advisory roles.
Leadership
- Edgardo ArrayaChief Compliance Officer
- Gary BowyerMember
Benjamin HockemaManaging Member- David ShirleyMember
Investment adviser representatives
3 representatives listed in the SEC register as of 9 October 2026.
Staff
- 6 employees
- 2 in advisory functions
- 3 state-registered reps
- 2 soliciting firms
- Owns 50% to 75% of Illuminate Wealth Management LLC
Benjamin Hockema
Control person · since September 2019
- Owns 10% to 25% of Illuminate Wealth Management LLC
Gary Bowyer
since September 2019
- Owns 10% to 25% of Illuminate Wealth Management LLC
David Shirley
since September 2019
Illuminate Wealth Management’s regulatory assets grew from $120M (June 2025) to $168M (May 2026); clients rose from 62 to 77 and employees from 4 to 6.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| May 2026May 2026 | $168M | 77 | 6 | 8 |
| Jun 2025June 2025 | $120M | 62 | 4 | 6 |
Besides its headquarters, Illuminate Wealth Management has 7 offices (1 private residence, listed without an address), with 7 listed addresses across 5 states.
Illinois · 3 listed addresses
- 777 N. Lake Zurich Road, Suite 125c, BarringtonHQ
- 50 South Main Street, Naperville
- 203 North Lasalle Street, Chicago
Colorado · 1 listed address
- 102 S Tejon Street, Colorado Springs
Indiana · 1 listed address
- 450 E 96th Street, Carmel
Louisiana · 1 listed address
- 9850 Von Allmen Court, Louisville
Tennessee · 1 listed address
- 9005 Overlook Boulevard, Brentwood
Contact and registration details
- Legal name
- Illuminate Wealth Management LLC
- Headquarters
- 777 N. Lake Zurich Road, Suite 125c, Barrington, IL 60010
- Website
- illuminatewm.com
- Phone
- 847-595-1315
- @illuminate-wealth-management
- SEC file
- 801-132968
- Structure
- Illinois LLC
- Fiscal year end
- December
Illuminate Wealth Management’s named custodians for separately managed accounts are Charles Schwab ($90.1M, 59%) and Fidelity ($62M, 41%). Illuminate Wealth Management has custody of $45M for 44 clients.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $90.1M59%
- FidelityFidelity Brokerage Services LLC · Smithfield, RI · $62M41%
At year end, Illuminate Wealth Management’s separately managed accounts were mostly in funds (61%) and bonds (18%).
What the accounts hold
- Stocks11%
- Funds61%
- Registered funds57%
- Pooled vehicles4%
- Bonds18%
- Cash10%
How many clients does Illuminate Wealth Management have?
Illuminate Wealth Management has 77 clients and manages $168 million for them, as of May 2026. They include 37 individual clients, 36 high-net-worth individuals, and 4 corporations and other businesses.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 20 May 2026
What services does Illuminate Wealth Management offer?
Illuminate Wealth Management provides financial planning and portfolio management for individuals and small businesses.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Illuminate Wealth Management use?
Illuminate Wealth Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $90.1M and Fidelity Brokerage Services LLC (Smithfield, RI), with $62M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 20 May 2026
How many financial advisors does Illuminate Wealth Management have?
Illuminate Wealth Management has 3 investment adviser representatives registered with state securities authorities, out of 6 employees, and 2 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Illuminate Wealth Management invest in?
At the end of its last fiscal year, Illuminate Wealth Management’s separately managed accounts held 57% registered funds (mutual funds, ETFs, BDCs), 18% state and local bonds, 11% exchange-traded equities, 10% cash and equivalents and 4% pooled vehicles (private funds and similar).
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Illuminate Wealth Management?
Illuminate Wealth Management’s direct owners are Benjamin Hockema (50% to 75%), Gary Bowyer (10% to 25%) and David Shirley (10% to 25%).
Source: Form ADV Part 1A, Schedules A and B, filed 20 May 2026
How does Illuminate Wealth Management get paid?
Illuminate Wealth Management is paid through a percentage of assets under management and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact Illuminate Wealth Management?
Illuminate Wealth Management’s main office is at 777 N. Lake Zurich Road, Suite 125c, Barrington, IL 60010. Its phone number is 847-595-1315. Its website is illuminatewm.com.