A father and son duo based in Chicago have created their own registered investment advisor with over $750 million in assets under management. Mark and Steven Resnik have joined to lead Burling Wealth Partners, which focuses on high net worth individuals and families.
Mark Resnik has over 30 years of industry experience, most recently as a principal at Geneva Advisors, which was acquired by CIBC Private Wealth in 2017. Prior to that, he served as a senior portfolio manager at Segall Bryant & Hamill. Before joining the industry, he was an attorney and CPA.
Steven Resnik joins from The Edgewater Funds, a private equity firm where he was vice president.
“For more than 30 years, Mark Resnik has had the honor and privilege of serving clients with a focus on providing strategies tailored to meet each client's needs,” Steven Resnik said in a statement. “Having experienced firsthand the impact of industry consolidation, we are bucking the trend to create a model with better alignment between client, advisor and firm.”
They are joined by Young Im, who will serve as managing director and senior portfolio manager. I previously spent 13 years as a senior investment professional at CI Segall Bryant & Hamill Asset Management. The team also includes Zachary Patzik, a former wealth advisor at RMB Capital, who will serve as managing director and senior wealth advisor, and Abby Davis, a former senior client service manager for CIBC Private Wealth. managing director of customer services.
The firm will use Fidelity and Schwab for custody, according to its Form ADV.