Walled Lake Planning & Wealth Management provides financial planning, portfolio management for individuals and small businesses, estate planning, insurance, and philanthropic planning. Financial planning was provided to 251–500 clients last fiscal year.
Walled Lake Planning & Wealth Management reports 369 clients. They include 321 individual clients, 43 high-net-worth individuals, and 4 pension and profit-sharing plans. Of its assets, 100.0% ($732M across 2,161 accounts) are managed with discretion. A wrap fee program the firm both sponsors and manages holds $732M.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 87% | 54% |
| High-net-worth individuals | 12% | 45% |
| Pension and profit-sharing plans | 1% | <1% |
| Other | <1% | <1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 321 | $398M | 54.3% | $1.24M |
| High-net-worth individuals | 43 | $332M | 45.3% | $7.71M |
| Pension and profit-sharing plans | Fewer than 5 | $2.87M | 0.4% | $718K |
| Other | Fewer than 5 | $56.3K | 0.0% | $56.3K |
| Total | 369 | $732M | 100% | — |
- Clients
- 321
- Regulatory AUM
- $398M
- AUM share
- 54.3%
- Avg. per client
- $1.24M
- Clients
- 43
- Regulatory AUM
- $332M
- AUM share
- 45.3%
- Avg. per client
- $7.71M
- Clients
- Fewer than 5
- Regulatory AUM
- $2.87M
- AUM share
- 0.4%
- Avg. per client
- $718K
- Clients
- Fewer than 5
- Regulatory AUM
- $56.3K
- AUM share
- 0.0%
- Avg. per client
- $56.3K
Total
- Clients
- 369
- Regulatory AUM
- $732M
- 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
- 251–500
Walled Lake Planning & Wealth Management charges 0.80%–1.25% a year for its Wealth management services. The fee is billed in advance and is negotiable.
Fee details and sources
Howard Klieger owns 50% to 75% of Walled Lake Planning & Wealth Management. The leadership team of Walled Lake Planning & Wealth Management includes Chief Investment Officer Zachary Walters and Chief Compliance Officer Gery Sadzewicz. It has 8 employees, 5 of them in advisory roles.
Leadership
- Gery SadzewiczChief Compliance Officer
Noel CooperManaging Director / Co-Founder
Howard KliegerManaging Director / Co-Founder
Zachary WaltersChief Investment Officer and Principal
Investment adviser representatives
5 representatives listed in the SEC register as of 9 October 2026.
Staff
- 8 employees
- 5 in advisory functions
- 5 state-registered reps
- Owns 50% to 75% of Walled Lake Planning & Wealth Management, LLC
Howard Klieger
Control person · since December 2018
- Owns 25% to 50% of Walled Lake Planning & Wealth Management, LLC
Noel Cooper
Control person · since January 2019
- Owns 5% to 10% of Walled Lake Planning & Wealth Management, LLC
Zachary Walters
since December 2018
Walled Lake Planning & Wealth Management’s regulatory assets grew 1.7× from $436M (March 2021) to $732M (March 2026); clients fell from 404 to 369 and employees rose from 6 to 8.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $732M | 369 | 8 | 1 |
| March 2025 | $669M | 365 | 8 | 1 |
| March 2024 | $557M | 343 | 7 | 1 |
| June 2023 | $477M | 313 | 6 | 1 |
| March 2022 | $534M | 309 | 6 | 1 |
| March 2021 | $436M | 404 | 6 | 1 |
Besides its headquarters, Walled Lake Planning & Wealth Management has 0 offices, with 1 listed address in Illinois.
Illinois · 1 listed address
- 600 Elm Place, Highland ParkHQ
Contact and registration details
- Legal name
- Walled Lake Planning & Wealth Management, LLC
- Headquarters
- 600 Elm Place, Highland Park, IL 60035
- Website
- wlpwm.com
- Phone
- 847-616-2590
- SEC file
- 801-114386
- Structure
- Illinois LLC
- Fiscal year end
- December
Walled Lake Planning & Wealth Management uses Fidelity ($732M) as custodian for its separately managed accounts. Walled Lake Planning & Wealth Management does not have custody of client assets.
- FidelityFidelity Brokerage Services LLC · Smithfield, RI · $732M100%
At year end, Walled Lake Planning & Wealth Management’s separately managed accounts were mostly in funds (66%) and stocks (23%). Its reported 13F holdings for the quarter ended 30 June 2026 total $396M across 142 positions; the largest are Pimco ETF TR (8.2%), Pimco ETF TR (7.2%) and J P Morgan Exchange Traded F (6.8%).
What the accounts hold
- Stocks23%
- Funds66%
- Cash11%
Reported 13F holdings
- $396M
- Reported 13F value
- 142
- Positions
- 52.5%
- In the 10 largest
- +16.4%
- Value vs. prior quarter
- Pimco ETF TR · 1-5 US Tip Idx8.2%
- Pimco ETF TR · Ultr SH GO AC FD7.2%
- J P Morgan Exchange Traded F · US Qualty Fctr6.8%
- Doubleline ETF Trust · Shil Cap U S ETF6.6%
- Fidelity Covington Trust · Enh Mid Cor ETF4.6%
- iShares TR · MSCI USA Min ETF4.3%
- Invesco Exchange Traded FD T · S&P500 Eql Wgt3.9%
- Invesco Exchange Traded FD T · S&P500 Eql Hlt3.8%
- Schwab Strategic TR · US Dividend EQ3.7%
- Apple Inc.3.4%
Together, the ten largest are 52.5% of reported value.
How many clients does Walled Lake Planning & Wealth Management have?
Walled Lake Planning & Wealth Management has 369 clients and manages $732 million for them, as of March 2026. They include 321 individual clients, 43 high-net-worth individuals, and 4 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 6 March 2026
What services does Walled Lake Planning & Wealth Management offer?
Walled Lake Planning & Wealth Management provides financial planning, portfolio management for individuals and small businesses, estate planning, insurance, and philanthropic planning.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4
How much does Walled Lake Planning & Wealth Management charge?
Walled Lake Planning & Wealth Management charges 0.80%–1.25% a year for its Wealth management services. The fee is billed in advance and is negotiable.
Source: WALLED LAKE PLANING & WEALTH MANAGEMENT, LLC - WRAP FEE PROGRAM BROCHURE, filed 6 March 2026
Which custodians does Walled Lake Planning & Wealth Management use?
Walled Lake Planning & Wealth Management’s separately managed account assets are held at Fidelity Brokerage Services LLC (Smithfield, RI), with $732M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 6 March 2026
How many financial advisors does Walled Lake Planning & Wealth Management have?
Walled Lake Planning & Wealth Management has 5 investment adviser representatives registered with state securities authorities, out of 8 employees, and 5 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 Walled Lake Planning & Wealth Management invest in?
At the end of its last fiscal year, Walled Lake Planning & Wealth Management’s separately managed accounts held 66% registered funds (mutual funds, ETFs, BDCs), 23% exchange-traded equities and 11% cash and equivalents.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Walled Lake Planning & Wealth Management?
Walled Lake Planning & Wealth Management’s direct owners are Howard Klieger (50% to 75%), Noel Cooper (25% to 50%) and Zachary Walters (5% to 10%).
Source: Form ADV Part 1A, Schedules A and B, filed 6 March 2026
How does Walled Lake Planning & Wealth Management get paid?
Walled Lake Planning & Wealth Management is paid through a percentage of assets under management. 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 Walled Lake Planning & Wealth Management?
Walled Lake Planning & Wealth Management’s main office is at 600 Elm Place, Highland Park, IL 60035. Its phone number is 847-616-2590. Its website is wlpwm.com.