50+ Employees

1

Balasa Dinverno Foltz

Overall Ranking9

Employees54 Firm TypeRIA Co-CEOArmond A. Dinverno LocationItasca, IL Primary CustodianSchwab Advisor Services

Overall Ranking9

Employees54 Firm TypeRIA Co-CEOArmond A. Dinverno LocationItasca, IL Primary CustodianSchwab Advisor Services

“My personal passion is to build a great business,” said Armand Dinverno, co-founder and president of Balasa Dinverno Foltz. "And part of our internal vision is that we put our [employees] first."

“My personal passion is to build a great business,” said Armand Dinverno, co-founder and president of Balasa Dinverno Foltz. "And part of our internal vision is that we put our [employees] first."

Underlying that vision was the decision to build a culture based on trust instead of mistrust, he said. This is reflected in the firm's perks, such as a paid, four-week sabbatical available to staffers after every five years of service (in addition to normal vacation). Instituted two years ago, about a dozen people already have used the benefit.

Mr. Dinverno wishes he'd had this option during his own career and thought it would be useful for employees to be able to reflect on their lives and futures, and to be with family.

Although sabbaticals can be challenging to manage, the advantages outweigh the disadvantages. Not only a personal opportunity for the employee, a sabbatical also creates opportunities for co-workers to step up and show their talents while covering for the employee on leave, he said. In addition, it creates transparency, as others can see what's being done for the client.

The firm also holds many employee gatherings, such as weekly breakfasts and team lunches, monthly birthday lunches with the president and monthly after-hours socials.

"I'm Italian, so what matters most for the family? Being together and breaking bread," Mr. Dinverno said. "But it's not a family — it's a business and you have to perform."

— Deborah Nason

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