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This profile was last updated on 10/19/15  and contains information from public web pages and contributions from the ZoomInfo community.

Mr. Richard S. Babjak

Wrong Richard S. Babjak?

President

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
Background

Board Memberships and Affiliations

  • Member
    The American Society of Chartered Financial Consultants

Education

  • Marketing and Psychology
    North Central College
  • Master's Degree , Marketing and Finance
    Wayne State University
44 Total References
Web References
Recently I spoke with Rich ...
riacentral.com [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
Recently I spoke with Rich ...
riacentral.com [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.
Recently I spoke with Rich ...
riacentral.com [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
Recently I spoke with Rich ...
riacentral.com [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
"We see a lot of advisors ...
henschenassoc.com [cached]
"We see a lot of advisors who are just uncomfortable with what I call the 'big boxes,'" large B-Ds that are very inflexible, says Rich Babjak, chief executive and founder of World Equity Group, a brokerage firm based in Arlington Heights, Ill., with 175 reps in 70 offices handling about $3.5 billion for clients.
The firm has had success picking up unsatisfied reps from wirehouses and insurance B-Ds. It added 14 new people in April, and at press time in May it was set to bring on another 20 or so in the next few months, Babjak says.
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