Fourstar Wealth Advisors, LLC (Chicago)

Fourstar Wealth Advisors, LLC is a large advisory firm based in Chicago. It manages $338 million of regulatory assets for 450 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of California, Delaware, District of Columbia, and 15 other states.

Fourstar Wealth Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Fourstar Wealth Advisors: assets under management

The assets under management (AUM) of Fourstar Wealth Advisors, LLC is $338 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 390% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $338 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $751.11 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 82% of the total AUM. The second-largest asset type is investment and business development companies, which make up 6% of the firm’s portfolio. Investments in investment grade corporate bonds form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Fourstar Wealth Advisors, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Fourstar Wealth Advisors serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Fourstar Wealth Advisors is high net worth individuals with 90 clients and $270.4 million of assets under management. Among the 8 most similar advisory firms, Fourstar Wealth Advisors has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $338 million for 450 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.

Fourstar Wealth Advisors doesn't advise any private funds.

Careers at Fourstar Wealth Advisors, LLC

The company employs 5 people that are either part- or full-time employees. 80 percent of the employees work as investment advisers or researchers. 4 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Brian Lance Kasal	Chief compliance officer	1 Jun 2014	Other	1228369
Brian L. Kasal Living Trust Dtd	Member	1 Jun 2014	75% - 100%	xxx-xx-xxxx
Kasal Family 2014 Investment Trust	Member	1 Jun 2014	25% - 50%	11-1111111
David William Bonifield	Chief compliance officer	1 Feb 2019	Other	4568634

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Brian Lance Kasal	Trustee	1 Mar 1998	75% - 100%	1228369

Based in Chicago

The principal office where Fourstar Wealth Advisors, LLC performs its advisory services is located at 351 W. Hubbard, Chicago, IL 60654, which is also the mailing address of the firm. An additional office of the firm is in Bethesda, MD. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (312) 667-1750 or by fax (312) 724-8585. The normal business hours are 8:30 am to 4:30 pm on Monday - Friday.