Geowealth Management LLC
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Learn more about Geowealth Management LLC
Geowealth Management LLC is an advisory company based in Chicago, Illinois. Geowealth Management LLC manages $7.5 billion in assets throughout 63,478 client accounts, placing it among the biggest firms in the United States by assets under management (AUM). The company has an average-sized team, including 14 financial advisors. Geowealth Management LLC does not act as a registered broker-dealer, signifying that the advisor cannot 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 defined as exchangable fiscal investments like options, stocks and bonds.
Geowealth Management LLC administers some of its client assets on a discretionary basis. Discretionary management signifies that an investment advisor makes transaction decisions for the client's account without requiring client permission. The company also has 37,874 non-discretionary accounts with a total of $4.6 billion in assets. The company's typical account size is $118,879. The typical advisor at Geowealth Management LLC manages around 4,534 client accounts.
The firm's central office is at 444 N. Michigan Avenue, Chicago, Illinois 60611. The company is legally registered to serve clients throughout 51 U.S. states and territories.
Assets Under Management
Number of Advisors
Geowealth Management LLC by the Numbers
Products and Services
Geowealth Management LLC offers a number of financial services, including portfolio management for individuals and small businesses, portfolio management for institutional clients, publication of newsletters and educational seminars. The company is engaged in selling products or offering services other than investment advice to its customers.
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.
Offered by 46% of firms
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.
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Selection of Other Advisors
This is the firm's assistance with choosing other advisors to work with who may have different specialties.
Offered by 3% of firms
Publication of Periodicals
This is the publication of various financial education materials.
Offered by 6% of firms
This is the hosting of seminars or workshops to educate investors on financial concepts.
A financial advisor's fees typically vary depending on which services the firm provides the client. Fees charged by the firm may include any combination of the following fee types: asset-based or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not provided by the firm.
Offered by 69% of firms
Percentage of AssetsShow Explanation
This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.
Offered by 32% of firms
Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.
Find one of the 21% of firms that offer this fee type
Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.
Find one of the 1% of firms that offer this fee type
Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.
Find one of the 26% of firms that offer this fee type
Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.
Find one of the 0% of firms that offer this fee type
Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.
Find one of the 10% of firms that offer this fee type
Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.
Types of Clients
Geowealth Management LLC manages money for a number of different customers. Geowealth Management LLC works with retail investors, high net worth investors, pension plans, charitable organizations and corporations. Out of its 63,478 customers, Geowealth Management LLC's biggest client by number of accounts is retail investors, though it also manages money for 675 high-net-worth individuals. The SEC defines a high-net-worth individual as an investor who has at least $750,000 under management or a net worth of at least $1.50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the company's clients are represented by non-U.S. persons.
- High-Net-Worth Individuals* - 1.53%
- Other Individuals - 97.75%
- Corporations - 0.66%
- Charitable Organizations - 0.05%
* 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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Geowealth Management LLC does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Geowealth Management LLC
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