After nearly 20 years in the business, a veteran advisor has partnered with his son to run their own family-owned independent practice in Chicago.
Burling Wealth Partners, the newly launched independent in the Windy City, is led by veteran wealth advisor Mark Resnik and investment manager Steven Resnik.
The firm, which reportedly had over $750 million in assets under management as of October 28, aims to provide tailored financial strategies for high-net-worth individuals and families.
With more than three decades of experience in wealth advising, Mark Resnik brings a seasoned approach to the firm’s leadership. His professional career includes nearly two decades as an investment advisor on his public record with the SEC, with more than seven years spent most recently at CIBC Private Wealth.
“For over 30 years, Mark Resnik has had the honor and privilege to serve clients with a focus on providing tailored strategies to meet each client's needs,” Steven Resnik, who serves as a managing director at Burling Wealth Partners, said in a statement.
The team also includes industry veterans Young Im, Zachary Patzik, and Abby Davis, each contributing diverse expertise to serve clients across a broad band of financial planning needs.
All the members of the founding team are managing directors, with Chris Nelson offering support as chief compliance officer, according to the firm's website.
“The mutual respect, cooperation, and collaboration amongst our team enables us to uniquely service our clients across the wealth management spectrum,” Steven Resnik added.
Burling Wealth Partners, which operates as an independent registered investment advisor, will emphasize transparent fees, selected best-in-class partnerships, and the latest industry technologies. This approach is particularly relevant, the firm stressed, as the industry confronts a multigenerational transfer of wealth.
"We believe there is a unique opportunity to build a next-generation wealth management firm to provide advisors with the opportunity to better serve their clients," said Steven Resnik.
Relationships are key to our business but advisors are often slow to engage in specific activities designed to foster them.
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