Arete Wealth Advisors, LLC (Chicago)

Name: Arete Wealth Advisors, LLC
Address: 1101 W Lake Street, Chicago, IL, 60607
Telephone: 312-940-3684

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.

Arete Wealth Advisors: assets under management

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 firm manages $1.23 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $236.88 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 45% of the total AUM. The second-largest asset type is exchange traded securities, which make up 30% of the firm’s portfolio. Investments in cash and cash equivalents form 10% of the total invested assets.

Fees & Commissions

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. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Joshua Dean Rogers serves?

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.

Careers at Arete Wealth Advisors, LLC

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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Llc Old Growth Capital	Managing member	1 Jul 2007	75% - 100%	26-0439213
Joshua Dean Rogers	President	1 Nov 2007	25% - 50%	3163818
Russell Pollina	Class b member	1 Nov 2007	Other	5449234
Joseph Andrew Cook	Chief compliance officer	1 Dec 2008	Other	4080458
Unbo Chung	Chief compliance officer	1 Jan 2014	Other	6208569

Indirect Owners

The SEC currently registers 7 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Llc Old Growth Capital	Managing member	1 Nov 2007	75% - 100%	26-0439213
Llc Jdrogers & Company	Member	1 Nov 2008	25% - 50%	26-3715833
Joshua Dean Rogers	Member	1 Nov 2008	25% - 50%	3163818
Jonathan Kramer Greer	Managing member	1 Nov 2008	25% - 50%	2515200
David Carl Hock	Managing member	1 Nov 2008	25% - 50%	2246268
Jerry Lee Greene	Managing member	1 Nov 2008	25% - 50%	2232914
Thomas Richard Duensing	Managing member	1 Nov 2008	25% - 50%	1893332

Based in Chicago

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.