Arete Wealth Advisors, LLC

• A percentage of assets under your management
• Hourly charges
• Fixed fees (other than subscription fees)
• Performance-based fees
• Other

Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ

The brochure lists different fees for different services or strategies; see the brochure for them.

Account minimum: $50,000 (the brochure says it may be waived or negotiated)

As stated in the firm's Form ADV Part 2A brochure dated February 6, 2026. Fees can differ by service and may be negotiable; the brochure is the complete statement. Read the brochure on the SEC's IAPD site

$2,745,378,945 as of October 2026, filing dated August 17, 2026.

A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means

A firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.

• Financial planning services
• Portfolio management for individuals and/or small businesses
• Portfolio management for businesses (other than small businesses) or institutional clients
• Pension consulting services
• Selection of other advisers (including private fund managers)
• Publication of periodicals or newsletters
• Other

Also doing business as

ALTERNATIVE INVESTMENT SPECIALISTS LLC, AVENA IMPACT WEALTH ADVISORS, CONNER FINANCIAL LLC, CYGNUS CAPITAL, DUPRE CARRIER GODCHAUX FINANCIAL SERVICES, FINANCIAL RESOURCE MANAGEMENT, FINCADIA CAPITAL PARTNERS, FREEDOM FINANCIAL WEALTH AND TAX, LLC, GOLUB CAPITAL, HILL & HILL FINANCIAL, HUDSONPOINT CAPITAL, INSIGHT WEALTH GROUP, KRM FINANCIAL SERVICES, LEBLANC FINANCIAL ALLIANCE, LEGACY FINANCIAL, MAJORS FINANCIAL, MCKINLEY WEALTH MANAGEMENT LLC, NARISH FINANCIAL SERVICES, PFS WEALTH MANAGEMENT, PINNACLE FINANCIAL WEALTH MANAGEMENT, PROGEN FINANCIAL CONSULTING, ROBERTS TAX AND RETIREMENT PLANNING, SARANAC ADVISORS, SECOND LEVEL CAPITAL, SHADES CREEK WEALTH ADVISORS, SILVERCAP WEALTH MANAGEMENT, WEALTH SOLUTIONS 360

Registration

SEC-registered investment adviser. Status as filed: Approved.

Registered since

2009 (17 years)

Employees

Total: 135. Performing investment advisory functions: 130.

Wrap fee program participation

Yes.

Other offices (Schedule D, Section 1.F)

30 other offices, as of the September 2026 filing

Birmingham, ALBrentwood, MOBrewster, NYCreve Coeur, MOCrystal Lake, ILDefuniak Springs, FLEncino, CAFrankfort, ILGilbert, AZHolland, MIJersey City, NJKnoxville, TNLos Gatos, CAMelville, NYMemphis, TNMerritt Island, FLMetairie, LANashville, TNNew York, NYOpelousas, LAPittsburgh, PAPonte Vedra Beach, FLSan Francisco, CASarasota, FLSchaumburg, ILSt. Charles, ILSunrise, FLVienna, VAWest des Moines, IAWoodstock, GA

States registered or notice-filed

52 states or jurisdictions

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SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration

3 Reports 3 disclosure items on Form ADV Item 11. View on IAPD.

Questions answered yes on this filing

Regulatory matters Items 11.C to 11.G

• 11.E(2) Has a self-regulatory organization or a commodities exchange ever found that the firm or an advisory affiliate was involved in a violation of its rules, other than a minor rule violation under a plan the SEC approved?
• 11.E(4) Has a self-regulatory organization or a commodities exchange ever disciplined the firm or an advisory affiliate by expelling or suspending it from membership, barring or suspending it from association with other members, or otherwise restricting its activities?

Civil court matters Item 11.H

• 11.H(2) Is the firm or an advisory affiliate now the subject of a civil proceeding that could result in a yes answer to any part of 11.H(1)?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. What happened, and who was involved, is on the Disclosure Reporting Pages of the IAPD record. Reading a firm's disclosures

Regulatory assets under management: $1,488,069,965 in the October 2021 data and $2,745,378,945 in the October 2026 data, up 84%.

Total employees: 78 in October 2021 and 135 in October 2026.

As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.

1. September 2026
   • Updated its list of owners and control persons (Schedule A).
2. July 2026
   • Updated its list of owners and control persons (Schedule A).
3. March 2026
   • Regulatory assets under management went from $3,152,167,506 to $2,745,378,945 (-13%).
   • Added an office in Schaumburg, IL.
   • No longer lists an office in Brentwood, TN.
   • No longer lists an office in Englewood, CO.
   • No longer lists an office in Los Angeles, CA.
   • No longer lists an office in Park Ridge, IL.
   • Updated its list of owners and control persons (Schedule A).
4. January 2026
   • No longer lists the business name Govic Capital.
   • No longer lists the business name Cura Wealth Partners.
   • No longer lists the business name Creative Health Capital, LLC.
   • No longer lists the business name Caliber Financial Partners.
   • Added the business name Avena Impact Wealth Advisors.
   • Added an office in Holland, MI.
   • No longer lists an office in Chicago, IL.
   • No longer lists an office in Red Bank, NJ.
   • No longer lists an office in White Plains, NY.

Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.