AdvisorCensus / Financial advisors / Illinois / Chicago / Timothy Financial Counsel, Inc.
Timothy Financial Counsel, Inc. is an SEC-registered investment advisory firm in Wheaton, IL, registered since 2022, with no regulatory assets under management reported in its Form ADV filing dated February 9, 2026.
Quick answers
From the filingHow is Timothy Financial Counsel, Inc. compensated?
On its Form ADV (Item 5.E, October 2026), Timothy Financial Counsel, Inc. reports these compensation arrangements: hourly charges; fixed fees (other than subscription fees); other.
How much does Timothy Financial Counsel, Inc. charge?
Its Form ADV Part 2A brochure dated February 9, 2026 states: Hourly rate: $375 an hour (regular hourly rate for Level 1-4 clients); Hourly rate: $450 an hour (clients with Hoan Taussig, Luke Lamar, Andrew Lindquist or Aaron Deeke as…); Hourly rate: $495 an hour (clients with Michael Thrasher, Jacob Frerichs, or Kara Beth Vance as their…); Hourly rate: $800 an hour (clients with Mark Berg as their primary advisor); Hourly rate: $215 an hour (assistance with implementing the advisor recommendations). Fees can differ by service and may be negotiable; the brochure is the complete statement.
Where is Timothy Financial Counsel, Inc. located?
Timothy Financial Counsel, Inc.'s principal office is in Wheaton, IL, according to its Form ADV.
Is Timothy Financial Counsel, Inc. registered with the SEC or a state?
Timothy Financial Counsel, Inc. is an SEC-registered investment advisory firm, registered since 2022. Status as filed: Approved. CRD 123037.
How have Timothy Financial Counsel, Inc.'s assets and staff changed since 2022?
In the Form ADV data for Timothy Financial Counsel, Inc.: Total employees: 16 in October 2022 and 20 in October 2026. Assets under management move with markets as well as with clients coming and going.
Does Timothy Financial Counsel, Inc. report any disciplinary disclosures?
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/123037
Does Timothy Financial Counsel, Inc. state an account minimum?
Its Form ADV Part 2A brochure dated February 9, 2026 says: "We do not require a minimum net worth or a minimum income level to be a client." "There are no minimum asset or income requirements to be a TIMOTHY client."
What changed in Timothy Financial Counsel, Inc.'s recent Form ADV filings?
In the March 2026 filing data: Employees performing advisory functions went from 18 to 20.
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- Hourly charges
- Fixed fees (other than subscription fees)
- Other
Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ
Fees and minimums
Form ADV Part 2AAccount minimum: None
The brochure's wording
We do not require a minimum net worth or a minimum income level to be a client.
There are no minimum asset or income requirements to be a TIMOTHY client.
Hourly rate: $375 an hour (regular hourly rate for Level 1-4 clients)
The brochure's wording
As of January 1, 2025, our regular hourly rate is $375 per hour for Level 1-4 clients.
Hourly rate: $450 an hour (clients with Hoan Taussig, Luke Lamar, Andrew Lindquist or Aaron Deeke as…)
The brochure's wording
Hoan Taussig, Luke Lamar, Andrew Lindquist or Aaron Deeke clients can be charged a rate up to $450 per hour;
Hourly rate: $495 an hour (clients with Michael Thrasher, Jacob Frerichs, or Kara Beth Vance as their…)
The brochure's wording
Michael Thrasher, Jacob Frerichs, or Kara Beth Vance clients can be charged a rate up to $495 per hour;
Hourly rate: $800 an hour (clients with Mark Berg as their primary advisor)
The brochure's wording
Mark Berg clients are charged at his rate of $800 per hour.
Hourly rate: $215 an hour (assistance with implementing the advisor recommendations)
The brochure's wording
Timothy Financial offers a reduced rate of $215 per hour when clients engage our Client Service Team to assist them in implementing the advisor recommendations.
As stated in the firm's Form ADV Part 2A brochure dated February 9, 2026. Fees can differ by service and may be negotiable; the brochure is the complete statement. Read the brochure on the SEC's IAPD site
Regulatory assets under management
Item 5.FNot reported.
A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means
Who the firm serves
Item 5.DNot reported.
A firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
Advisory services
Item 5.G- Financial planning services
Registration and firm details
Items 1, 2, 5- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2022 (4 years)
- Employees
- Total: 20. Performing investment advisory functions: 20.
- Wrap fee program participation
- No.
- States registered or notice-filed
-
25 states or jurisdictions
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 11None Reports no disclosure items on Form ADV Item 11. View on IAPD.
Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures
Assets and staff over time
Items 5.A, 5.F| Data period | Assets under management | Employees | Filing dated |
|---|---|---|---|
| October 2026 | Not reported | 20 | February 9, 2026 |
| October 2025 | Not reported | 18 | May 8, 2025 |
| October 2024 | Not reported | 17 | July 25, 2024 |
| October 2023 | Not reported | 17 | September 5, 2023 |
| October 2022 | Not reported | 16 | July 1, 2022 |
Total employees: 16 in October 2022 and 20 in October 2026.
As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.
Changes in the filing
Last 12 months- March 2026
- Employees performing advisory functions went from 18 to 20.
- December 2025
- Registered or notice-filed in MD, PA, WA.
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.ISource: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. Timothy Financial Counsel, Inc. (CRD 123037): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/timothy-financial-counsel-inc-wheaton-il-123037