Richard Steven Babjak

Current Employers

Summit Financial, Llc

4 Campus Drive, Parsippany, NJ 07054 • United States

Current Registrations

Authority	Category	Status	Date
IL	RA	APPROVED	2024-10-07

IL RA
APPROVED

Since 2024-10-07

Branch Locations

1650 N. Arlington Heights Road Suite 204, Arlington Heights, IL 60004 • United States

1580 South Milwaukee Avenue Suite 605, Libertyville, IL 60048 • United States

Disclosures

1 disclosure category reported Yes on this SEC record. Read each Yes below, then review the firm’s Form ADV Item 11 guide for how disclosure questions work.

Regulatory action Yes
Criminal No
Bankruptcy No
Civil judicial No
Bond No
Judgment / lien No
Investigation No
Customer complaint No
Termination No

Employment History

Organization	City	State	From	To
World Equity Group, Inc.	Schaumburg	IL	09/1997	Present
Midway Wealth Partners, Llc	Arlington Heights	IL	01/2023	04/2025
Summit Financial, Llc	Parsippany	NJ	09/2024	Present
World Equity Group, Inc.	Schaumburg	IL	09/1997	09/2024

09/1997 → Present

World Equity Group, Inc.

Schaumburg, IL
01/2023 → 04/2025

Midway Wealth Partners, Llc

Arlington Heights, IL
09/2024 → Present

Summit Financial, Llc

Parsippany, NJ
09/1997 → 09/2024

World Equity Group, Inc.

Schaumburg, IL

Previous Registrations

2023-01-27 → 2025-04-24

Midway Wealth Partners, Llc

Arlington Heights, IL

Other Businesses

(1) ARLINGTON VENTURES; NOT INVESTMENT RELATED; Address: 1650 N. ARLINGTON HTS RD. STE. 100, ARLINGTON HTS. IL 60004; Nature of OBA: Rental real estate office building; Posn/Title: RENTAL INCOME/OWNER; Start Date: 01/01/2000; Approx No of Hrs/Mth: 20 Hrs; Approx No of Hrs/Mth during Trading Hrs: 5 Hrs; Duties: RENTAL INCOME/OWNER OF BUILDING. (2) Offers Insurance As A Broker Or Agent Through Numerous Insurance Companies. Some Sales Are Through SRM, An Affiliated Company Which Is Licensed To Sell Various Insurance Products. Mr. Babjak Earns Both Cash And Non-Cash Compensation Based On Sales Of These Products. (3) MIDWAY WEALTH PARTNERS. 1650 N. ARLINGTON HTS RD. SUITE 204, ARLINGTON HEIGHTS, IL 60004. INVESTMENT RELATED. START DATE: 8/2020. DBA NAME FOR FINANCIAL ADVISORY AND REGISTERED REPRESENTATIVE ACTIVITIES AND SERVICES CONDUCTED THROUGH WORLD EQUITY GROUP, INC. APPROX. HRS/MO: 50. APPROX. HRS/MO DURING SECURITIES TRADING: 50. (4) Summit Financial; Yes Investment Related; 1650 N. Arlington Heights Rd, Suite 204, Arlington Heights, IL 60004; Nature of OBA: Summit is a registered Investment Advisor, and our advisory business will run through Summit going forward. Summit will replace Midway RIA; Posn/TitIe: Investment Advisor; Start Date: 10/09/24; Approx Hrs/Mth for OBA: 80 Hrs; Approx Hrs/Mth during trading Hrs for OBA: 80 Hrs; Duties: Wealth Management for clients as a registered Investment Advisor.

Exams

Code	Exam	Date
S65	Uniform Investment Adviser Law Examination	1994-10-28
S63	Uniform Securities Agent State Law Examination	1990-09-25

S65 Uniform Investment Adviser Law Examination

1994-10-28
S63 Uniform Securities Agent State Law Examination

1990-09-25

Designations

Other Names

Rich Babjak
Richard Steven Babjak

View on SEC IAPD