{
  "crd_number": 298079,
  "slug": "aaron-wealth-advisors-chicago-il-298079",
  "primary_business_name": "AARON WEALTH ADVISORS",
  "legal_name": "AARON WEALTH ADVISORS LLC",
  "dbas": [],
  "city": "Chicago",
  "state": "IL",
  "country": "United States",
  "cbsa_code": "16980",
  "metro": {
    "cbsa_code": "16980",
    "common_name": "Chicago",
    "msa_name": "Chicago-Naperville-Elgin, IL-IN",
    "path": "/advisors/il/chicago"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2018-09-20",
  "years_registered": 8,
  "period": "2026-10-01",
  "filing_date": "2026-10-01",
  "carried_forward": false,
  "raum_total": 4288292230.0,
  "raum_discretionary": 4025488475.0,
  "raum_non_discretionary": 262803755.0,
  "raum_band": "1b_5b",
  "raum_band_label": "$1 billion to $5 billion",
  "total_employees": 16,
  "advisory_employees": 9,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "charitable": {
      "raum": 978291770.0,
      "count": 44
    },
    "individuals": {
      "raum": 3725431.0,
      "count": 12
    },
    "insurance_companies": {
      "raum": 4893.0,
      "count": 1,
      "fewer_than_5": true
    },
    "pension_profit_sharing": {
      "raum": 1468427.0,
      "count": 1,
      "fewer_than_5": true
    },
    "high_net_worth_individuals": {
      "raum": 3275078633.0,
      "count": 115
    },
    "corporations_other_businesses": {
      "raum": 29723076.0,
      "count": 3,
      "fewer_than_5": true
    }
  },
  "compensation_types": [
    "fixed",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "other",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "AZ",
    "CA",
    "CO",
    "FL",
    "IL",
    "IN",
    "NY",
    "TX"
  ],
  "websites": [
    "https://aaronwealth.com",
    "https://facebook.com/AaronWealthAdvisors",
    "https://linkedin.com/company/aaron-wealth-advisors",
    "https://twitter.com/aaronwealth?lang=en"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/298079",
  "city_as_filed": "CHICAGO",
  "url": "https://advisorcensus.com/firm/aaron-wealth-advisors-chicago-il-298079",
  "display_name": "Aaron Wealth Advisors",
  "summary": "Aaron Wealth Advisors is an SEC-registered investment advisory firm in Chicago, IL, registered since 2018, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated October 1, 2026.",
  "citation": "AdvisorCensus. Aaron Wealth Advisors (CRD 298079): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Fixed fees (other than subscription fees)"
  ],
  "advisory_activity_labels": [
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for businesses (other than small businesses) or institutional clients",
    "Selection of other advisers (including private fund managers)",
    "Other"
  ],
  "quick_answers": [
    {
      "q": "How is Aaron Wealth Advisors compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Aaron Wealth Advisors reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees)."
    },
    {
      "q": "Where is Aaron Wealth Advisors located?",
      "a": "Aaron Wealth Advisors' principal office is in Chicago, IL, according to its Form ADV; the October 2026 filing also lists 2 other offices (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Aaron Wealth Advisors registered with the SEC or a state?",
      "a": "Aaron Wealth Advisors is an SEC-registered investment advisory firm, registered since 2018. Status as filed: Approved. CRD 298079."
    },
    {
      "q": "How much does Aaron Wealth Advisors manage?",
      "a": "Aaron Wealth Advisors reports $4,288,292,230 in regulatory assets under management in its Form ADV filing dated October 1, 2026 (94% discretionary)."
    },
    {
      "q": "How have Aaron Wealth Advisors' assets and staff changed since 2021?",
      "a": "In the Form ADV data for Aaron Wealth Advisors: Regulatory assets under management: $634,218,647 in the October 2021 data and $4,288,292,230 in the October 2026 data, up 576%. Total employees: 10 in October 2021 and 16 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Aaron Wealth Advisors serve?",
      "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (115); charitable organizations (44); individuals (other than high net worth individuals) (12)."
    },
    {
      "q": "Which custodians does Aaron Wealth Advisors use?",
      "a": "Aaron Wealth Advisors' most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Aaron Wealth Advisors report any disciplinary disclosures?",
      "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/298079"
    },
    {
      "q": "Does Aaron Wealth Advisors state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated February 20, 2026 says: \"In general, we require a minimum of $10,000,000 to open and maintain an advisory account. At our discretion, we may waive this minimum account size.\""
    },
    {
      "q": "What changed in Aaron Wealth Advisors' recent Form ADV filings?",
      "a": "In the October 2026 filing data: Registered or notice-filed in FL. Updated its list of owners and control persons (Schedule A)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 634218647.0,
      "total_employees": 10,
      "filing_date": "2021-10-01"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 1081021764.0,
      "total_employees": 11,
      "filing_date": "2022-08-11"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 1589522371.0,
      "total_employees": 13,
      "filing_date": "2023-09-22"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 1952029521.0,
      "total_employees": 16,
      "filing_date": "2024-09-10"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 2607024926.0,
      "total_employees": 16,
      "filing_date": "2025-04-08"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 4288292230.0,
      "total_employees": 16,
      "filing_date": "2026-10-01"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-10-01",
      "period_label": "October 2026",
      "notes": [
        "Registered or notice-filed in FL.",
        "Updated its list of owners and control persons (Schedule A)."
      ]
    },
    {
      "period": "2026-03-01",
      "period_label": "March 2026",
      "notes": [
        "Regulatory assets under management went from $2,607,024,926 to $4,288,292,230 (+64%)."
      ]
    },
    {
      "period": "2025-12-01",
      "period_label": "December 2025",
      "notes": [
        "Registered or notice-filed in CO."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated February 20, 2026",
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": "$10,000,000",
    "account_minimum_may_be_waived": true,
    "minimum_annual_fee": "$50,000",
    "figures": [
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: $10,000,000 (the brochure says it may be waived or negotiated)"
        ],
        "quotes": [
          "In general, we require a minimum of $10,000,000 to open and maintain an advisory account. At our discretion, we may waive this minimum account size."
        ]
      },
      {
        "label": "Minimum annual fee",
        "statements": [
          "Minimum annual fee: $50,000"
        ],
        "quotes": [
          "We charge a minimum fee in the amount of $50,000 to open and maintain an advisory account. At our discretion we may waive the minimum fee."
        ]
      }
    ],
    "quotes": [
      "In general, we require a minimum of $10,000,000 to open and maintain an advisory account. At our discretion, we may waive this minimum account size.",
      "We charge a minimum fee in the amount of $50,000 to open and maintain an advisory account. At our discretion we may waive the minimum fee."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Charles Schwab & Co., Inc.",
      "name_as_filed": "CHARLES SCHWAB & CO., INC.",
      "affiliated": false
    }
  ],
  "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.",
  "markdown_url": "https://advisorcensus.com/firm/aaron-wealth-advisors-chicago-il-298079.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 12,
      "fewer_than_5": false,
      "raum": 3725431.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 115,
      "fewer_than_5": false,
      "raum": 3275078633.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 1,
      "fewer_than_5": true,
      "raum": 1468427.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 44,
      "fewer_than_5": false,
      "raum": 978291770.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": 1,
      "fewer_than_5": true,
      "raum": 4893.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 3,
      "fewer_than_5": true,
      "raum": 29723076.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/298079",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}