Cl Wealth Management LLC
Assets Under Management
$628.7M
Number of Clients
2,073
Number of Advisors
44
Average Client AUM
$303K
AUM per Advisor
$14.3M
Compensation
Fee-Only (AUM)Fixed/Hourly
About This Firm
CL Wealth Management provides portfolio advisory and financial planning services to individuals, pension plans, trusts, estates, charitable organizations, corporations, and other business entities. They offer both discretionary and non-discretionary portfolio management, and may recommend third-party money managers. Financial planning covers education funding, asset allocation, retirement, estate, and insurance planning.
Fee Structure
AUM-Based Fees (Tiered)
| Assets Under Management | Annual Fee |
|---|---|
| Up to $100K | 2.25% |
| $100K - $250K | 2.00% |
| $250K - $500K | 1.75% |
| $500K - $1.0M | 1.50% |
| $1.0M - $2.0M | 1.25% |
| $2M+ | 1.25% |
Fees negotiable for accounts over $2,000,000.
Fee Estimator
CL Wealth Management's fee for portfolio advisory services is based on a percentage of assets under management, and all fees are negotiated between the advisor and the client. The following rates are a guide: 2.25% for $25,000 - $100,000, 2.00% for $100,000 - $250,000, 1.75% for $250,000 - $500,000, 1.50% for $500,000 - $1,000,000, and 1.25% for $1,000,000 - $2,000,000. Fees for assets over $2,000,000 are negotiable. The firm generally requires a minimum of $25,000 to open and maintain an advisory account, but this may be waived. Financial planning and consulting fees are $350 per hour, with flat fees up to $5,000 in some cases.
Areas of Practice
Location
425 N. Martingale Rd., Suite 1220, Schaumburg, IL, 60173