Arete Wealth Advisors, LLC is a large advisory firm based in Chicago. It manages $1.23 billion of regulatory assets for 5,198 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of Alabama, Arizona, Arkansas, and 46 other states.
Arete Wealth Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for more than 50 clients. On top of advisory services, the firm also engages as consulting.
The assets under management (AUM) of Arete Wealth Advisors, LLC is $1.23 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 1713% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Arete Wealth Advisors, LLC for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and performance-based fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of Joshua Dean Rogers is high net worth individuals with 4,097 clients and $1.1 billion of assets under management. Among the 8 most similar advisory firms, Arete Wealth Advisors has the highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $1.23 billion for 5,191 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.
Arete Wealth Advisors doesn't advise any private funds.
The company employs 69 people that are either part- or full-time employees. 91 percent of the employees work as investment advisers or researchers. 63 employees are registered as investment adviser representatives with the state securities authorities.
There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Joshua Dean Rogers has been acting as President since 1 Nov 2007. Unbo Chung joined the executive team most recently as the Chief Compliance Officer.
The principal office where Arete Wealth Advisors, LLC performs its advisory services is located at 1101 W Lake Street, Chicago, IL 60607, which is also the mailing address of the firm. An additional office of the firm is in Centerville, UT. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 312-940-3684 or by fax 312-264-0087. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at aretewealth.com.