Aaron Wealth Advisors
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Overview
Aaron Wealth Advisors operates as a financial advisor company headquartered in Chicago, Illinois. Aaron Wealth Advisors oversees $1.6 billion in total assets over 974 customer accounts, making it one of the largest financial advisory firms in the country by assets under management (AUM). The firm has a small group, including 8 financial advisors. Aaron Wealth Advisors is not a registered broker-dealer, meaning the advisor is not able to buy and sell securities for its customers' and own accounts and instead is required to go through a broker-dealer firm to do so. Securities are tradable financial assets such as bonds, options and stocks.
Aaron Wealth Advisors manages more than half of its client assets in a discretionary manner. Discretionary management is a structure in which buy and sell judgments are made by an investment advisor without needing client permission. Aaron Wealth Advisors also oversees 87 non-discretionary accounts with a total of $248.9 million in AUM. The company manages an average of $1.6 million in assets for each client account. An average financial advisor at Aaron Wealth Advisors administers about 122 client accounts.
Aaron Wealth Advisors's headquarters is at 515 N. State St., Chicago, Illinois 60654. The company is permitted to provide services to investors throughout a few states, including Arizona, California, Illinois, Indiana and Texas.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Aaron Wealth Advisors by the Numbers
![](https://d31s10tn3clc14.cloudfront.net/imgs/falc/assets@2x.png)
$1.6 billion
![](https://d31s10tn3clc14.cloudfront.net/imgs/falc/employees@2x.png)
13
![](https://d31s10tn3clc14.cloudfront.net/imgs/falc/accounts@2x.png)
974
![](https://d31s10tn3clc14.cloudfront.net/imgs/falc/account-size@2x.png)
$1.6 million
Products and Services
Aaron Wealth Advisors offers a variety of financial services, including portfolio management for individuals and small businesses, portfolio management for institutional clients, selection of other advisers and other services. In the prior fiscal year, Aaron Wealth Advisors provided financial planning services to 1-10 of its accounts. Aaron Wealth Advisors does not sell products or offer services apart from investment advice to its investment advisory accounts. Aaron Wealth Advisors also has a number of financial industry affiliations, including with an insurance company or agency.
Core Advisor Services
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Financial Planning Services
This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.
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Offered by 46% of firms
Portfolio Management
This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.
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Market Timing Services
This is the practice of attempting to make short-term profits on investments by buying low and selling high.
Other Services
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Offered by 20% of firms
Selection of Other Advisors
This is the firm's assistance with choosing other advisors to work with who may have different specialties.
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Publication of Periodicals
This is the publication of various financial education materials.
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Educational Seminars/Workshops
This is the hosting of seminars or workshops to educate investors on financial concepts.
Fee Structure
A financial advisor's fees depend on which service is provided. However, fee types charged by the company likely are comprised of the following fee types: asset-based or fixed. Aaron Wealth Advisors does not provide a wrap fee program, in which the company offers a service bundle for a single fee.
Available
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Offered by 69% of firms
Percentage of Assets
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Offered by 32% of firms
Fixed
Unavailable
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Find one of the 21% of firms that offer this fee type
Hourly
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Find one of the 1% of firms that offer this fee type
Commissions
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Find one of the 26% of firms that offer this fee type
Performance-based
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Find one of the 0% of firms that offer this fee type
Subscription
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Find one of the 10% of firms that offer this fee type
Other
Types of Clients
The company works with a number of different customers. Aaron Wealth Advisors caters to retail investors, high net worth investors, pension plans, charitable organizations, insurance companies and corporations. Out of its 974 clients, Aaron Wealth Advisors's largest client group by number of accounts is high net worth investors, but it also manages money for 76 high-net-worth individuals. A high-net-worth individual is defined by the SEC as someone who has at least $750,000 under management or a net worth of more than $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). None of its clients are represented by people from outside of the U.S.
- High-Net-Worth Individuals* - 83.52%
- Other Individuals - 2.2%
- Corporations - 5.49%
- Charitable Organizations - 8.79%
* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.
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Disclosures
Aaron Wealth Advisors does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Aaron Wealth Advisors
Chicago, IL
Chicago, IL
Chicago, IL
Chicago, IL
Chicago, IL
Newport Beach, CA
Chicago, IL
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