facebook twitter instagram linkedin google youtube vimeo tumblr yelp rss email podcast phone blog external search brokercheck brokercheck Play Pause

What About Money Is Important To You?

If you are tired of complexity and anxiety holding you back from your ideal life, we are here to help.



Based on your values and goals, we work together to understand what is most important to you and your family.  


We provide you with easy-to-understand recommendations and implementation of the plan.  All findings will be distilled into a one page document that will be constantly updated.    


Our investment approach allows us to custom tailor portfolios to specific client needs and adjust as necessary.  

Who We Serve

Our clients are hardworking, successful Gen X families.  They come to us tired of the status quo in traditional wealth management. Most  have had a bad experience with a broker masquerading as an advisor, and are tired of constant sales pitches and not knowing who to trust.

Our clients want a plan they understand and someone to help them achieve their life's goals.

Our clients hire us to be at the center of their financial lives, to find answers and bring in subject matter experts.

Our clients hire us so they can live their lives free of financial anxiety and uncertainty

How would you feel to have this type of relationship with your advisor?  

Click here How Can We Help? to schedule a few minutes to talk. 


What We Charge

Our fees are set to be able to work with young professionals as well as those more established.  

Monthly subscription fees are waived once managed assets are $500,000 or greater.

Breakout Wealth Academy

For early-career pRofessionals

 $69/mo billed monthly

What You Get:

Resources to help you organize and maximize your financial life

Elements Planning App

A One-Page Financial Plan

As needed advisor coaching ($495 per session)

No Specific Advice Provided Except During Coaching Session

Client Only Monthly Masterclass

Quarterly Performance Reports

Subscription To The Breakout Report

Portfolio Management Fee 1.5% of Assets Managed

Learn More


Breakout Private Wealth


$99-$695 Billed Monthly

 $2,995 for initial strategy*

What You Get:

Resources to help you organize and maximize your financial life

Elements Planning App

Financial Road Map Meeting

One Page Financial Plan

Specific Advice On Improving The Key Indicators Of Financial Health.

Quarterly Performance Report

Introductions To Subject Matter Experts (Tax, Estate, Insurance)

Two Meetings Per Year (in person or Zoom)

Subscription To The Breakout Report

Portfolio Management Fee 1.5% of Assets Managed

Our Investment Philosophy

Our investment philosophy is heavily influenced by years of academic evidence. We subscribe to the theories of widely respected economists, professors, Nobel Prize winners, and behavior psychologists.  Not Wall Street product pushers.

We construct portfolios using diversified asset classes that are optimized to generate optimal risk adjusted returns.

We know from the research that the behavior of the investor is as critical to success as the actual investments.

The emotions of fear and greed can destroy your wealth.  We are here to coach our clients to make sure this does not happen. 

Learn More


We believe taxes will be higher in the future and are helping our clients plan for this inevitability.

Pairing world-class advice with down-to-earth conversations.

The Breakout Value Promise

Our goal for every one of our clients is that after each meeting, you’ll feel more confident that your money is here to be an engine of opportunity, not anxiety.

Phil Telpner Photo

Phil Telpner


My earliest memories of being exposed to the stock market are drawn from experiences with both of my grandfathers. As immigrants without any formal education, investing was a way for them to partake of the American dream and grow their limited but hard-earned wealth. I have memories of being at my grandparents’ home on a Friday night and watching Louis Rukeyser’s “Wall Street Week” on public television in the 1980s. Occasionally, I would even receive a share or two of stock for my birthday and with that, my passion for investing and the capital markets was born.

After college graduation, I went to work on the floor of the exchange and before long, I scraped up a little money and leased a membership at the Chicago Board of Trade. At that time, the 30-Year Treasury Bond pit was the largest, most active futures contract in the world. That’s where my journey began. While personally trading a thousand contracts a day at times, I saw firsthand how devastating a lack of discipline and planning can be to your financial health.  

 After a series of business opportunities, I was offered a wealth management position with the Wall Street firms Morgan Stanley and later at JP Morgan. The training and experience at the big firms was great but with their emphasis on selling financial products, I became frustrated. My compensation was largely based on what I sold, not on how I advised regarding wealth accumulation, retirement or tax planning. I had learned years ago from my father, a CPA with his own practice, that relationships are your most valuable asset.  My father, in fact, has served some clients and their families for over 50 years- and that is not an accident.  

 My firm, Breakout Private Wealth, was founded on that principle.    

 Everything begins and ends with my family. My boys, Andrew and Blake, now teenagers, have taught me more about life than any book or designation. Our time together at the rink, on the field or just at home challenges me to continue to be a better version of myself. My wife Jami, who had no idea that a blind date at the Chicago Blackhawks game twenty plus years ago would turn into a lifetime of hockey rinks and a garage full of sporting equipment, keeps us all on track.