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This profile was last updated on 8/20/15  and contains information from public web pages and contributions from the ZoomInfo community.

Mr. Richard S. Babjak

Wrong Richard S. Babjak?


Phone: (800) ***-****  
World Equity Group Inc
1650 N. Arlington Heights Road Suite 100
Arlington Heights , Illinois 60004
United States

Company Description: World Equity Group (WEG) was founded in 1993. We currently have over 110 independent representatives located throughout an eleven state area. A member of the...   more

Employment History

Board Memberships and Affiliations

  • Member
    The American Society of Chartered Financial Consultants
  • Board Member
    United Way of Lake County
  • Board Member
    Carmel High School
  • Board Member
    Libertyville Township Soccer Complex
  • Board Member
    The College of Lake County Foundation


  • Marketing and Psychology
    North Central College
  • Master's Degree , Marketing and Finance
    Wayne State University
19 Total References
Web References
Recently I spoke with Rich ..., 20 Aug 2015 [cached]
Recently I spoke with Rich Babjak, president of World Equity Group, a mid-sized broker-dealer in Arlington Heights, Illinois, near Chicago. Babjak, who... Read More
Management Team, 24 July 2015 [cached]
Richard S. Babjak President
Richard Babjak is the President of World Equity Group, Inc. Richard has an extensive background in marketing, finance, and management. He graduated with a double major in Marketing and Psychology from North Central College and received his Master's Degree in Marketing and Finance from Wayne State University. He holds the professional designations of Chartered Financial Consultant, Chartered Life Underwriter, Certified Fund Specialist, and Registered Financial Consultant. Richard holds the following securities licenses: 4, 6, 7, 22, 24, 27, 53, 63, 65, as well as being licensed for life and health insurance.
Richard is a member of various professional organizations, including the International Association of Registered Financial Consultants, the Northwest Suburban Estate Planning Council, and The American Society of Chartered Financial Consultants. Rich has served on the Boards of The United Way of Lake County, Libertyville Township Soccer Complex, The College of Lake County Foundation and Carmel High School Planned Giving. Rich is also active with Misericordia and the Libertyville Sunrise Rotary. Mr. Babjak is listed in Who's Who in the Midwest, Who's Who in Finance and Industry, and Who's Who in Executives and Business. He has also published two books through Palisade Press titled "Educated Investing" and "Tactical Asset Allocation for Serious Investors."
Albridge Solutions :: About Albridge :: News, 22 Dec 2003 [cached]
It's a proven way to boost our advisors top-line revenue, while at the same time reducing their administrative costs," said Richard Babjak, Partner at World Equity Group, Inc.
World Equity Group: Independent Broker Dealer, 9 Jan 2014 [cached]
For 2nd straight year, Richard Babjak, World Equity Group President, named FIVE STAR Wealth Manager sm - learn more
Recently I spoke with Rich ... [cached]
Recently I spoke with Rich Babjak, president of World Equity Group, a mid-sized broker-dealer in Arlington Heights, Illinois, near Chicago.
Babjak, who holds the ChFC, CLU designations is also a $2 million-dollar producer, with $400 million in assets under management, and serves 300 families. Babjak, who started World Equity Group in 1997, shared some strong thoughts on attracting clients, and helping the advisors at his firm break through production plateaus.
"The biggest difference between a $500,000 producer and a $2 million-producer is a consistent, repeatable marketing strategy," he says.
Babjak doesn't talk product or investments - but emphasizes the importance of financial planning, wealth management and working with a team. "I help them think through decisions and offer them the opportunity to have a consultation if they provide us the necessary data. We then put together the basic outline, plan and projection of retirement income. With more information, we can put together a more detailed plan."
Weekly seminars at multiple locations continue attract between 30-50 people, or 15-25 household units. Babjak conducts them throughout the year, and involves his junior associates in the process. He also has taught this repeatable approach to other advisors at World Equity Group. "Of our top 50 financial advisors, half are doing seminars like that."
Babjak also conducts educational programs for centers of influence, including CPAs and estate attorneys, teaching CE credit courses for them. This has led to a stream of referrals from strategic partners.
Key #2 Superior Service
Another big belief for Babjak is the importance of consistent client service and communication plan. "Advisors need to have a consistent deliverable strategy for all clients," he explains.
To make all of this service happen, Babjak relies on his team. He has two junior associates whom he is grooming to be his successors. "I like having higher-quality assistants who are building their own book, and have a vested interest in the practice. Over time, we're developing a natural succession plan."
Babjak says clients want to know that even though he is in his early 50s, if something happens to him, he has a team in place for them - and not just a client associate, but someone who is doing the same type of business, a "build-in extension" of him.
Babjak started World Equity group after working for Cigna health insurance, and another independent firm where he gravitated toward wealth management. He believed running his own firm would give him more control, and allow him to implement his client-centered, cutting edge ideas.
Babjak also believes in community service: "I've never gone into community service looking for a client, but I encourage all my reps to be involved.
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