{
  "crd_number": 332198,
  "slug": "burling-wealth-partners-chicago-il-332198",
  "primary_business_name": "BURLING WEALTH PARTNERS",
  "legal_name": "BURLING WEALTH PARTNERS, 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": "2024-08-08",
  "years_registered": 2,
  "period": "2026-10-01",
  "filing_date": "2026-03-31",
  "carried_forward": false,
  "raum_total": 1004645681.0,
  "raum_discretionary": 1003935863.0,
  "raum_non_discretionary": 709818.0,
  "raum_band": "1b_5b",
  "raum_band_label": "$1 billion to $5 billion",
  "total_employees": 8,
  "advisory_employees": 7,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "charitable": {
      "raum": 2515345.0,
      "count": 1,
      "fewer_than_5": true
    },
    "individuals": {
      "raum": 20852878.0,
      "count": 67
    },
    "pension_profit_sharing": {
      "raum": 4102128.0,
      "count": 2,
      "fewer_than_5": true
    },
    "high_net_worth_individuals": {
      "raum": 977175330.0,
      "count": 183
    }
  },
  "compensation_types": [
    "fixed",
    "hourly",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "pension_consulting",
    "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",
    "OH",
    "TX"
  ],
  "websites": [
    "https://burlingwealthpartners.com",
    "https://burlingwp.com",
    "https://linkedin.com/company/burlingwealthpartners"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/332198",
  "city_as_filed": "CHICAGO",
  "url": "https://advisorcensus.com/firm/burling-wealth-partners-chicago-il-332198",
  "display_name": "Burling Wealth Partners",
  "summary": "Burling Wealth Partners is an SEC-registered investment advisory firm in Chicago, IL, registered since 2024, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 31, 2026.",
  "citation": "AdvisorCensus. Burling Wealth Partners (CRD 332198): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Hourly charges",
    "Fixed fees (other than subscription fees)"
  ],
  "advisory_activity_labels": [
    "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)"
  ],
  "quick_answers": [
    {
      "q": "How is Burling Wealth Partners compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Burling Wealth Partners reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees)."
    },
    {
      "q": "Where is Burling Wealth Partners located?",
      "a": "Burling Wealth Partners' principal office is in Chicago, IL, according to its Form ADV."
    },
    {
      "q": "Is Burling Wealth Partners registered with the SEC or a state?",
      "a": "Burling Wealth Partners is an SEC-registered investment advisory firm, registered since 2024. Status as filed: Approved. CRD 332198."
    },
    {
      "q": "How much does Burling Wealth Partners manage?",
      "a": "Burling Wealth Partners reports $1,004,645,681 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (100% discretionary)."
    },
    {
      "q": "How have Burling Wealth Partners' assets and staff changed since 2024?",
      "a": "In the Form ADV data for Burling Wealth Partners: Regulatory assets under management: $0 in the October 2024 data and $1,004,645,681 in the October 2026 data. Total employees: 1 in October 2024 and 8 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Burling Wealth Partners serve?",
      "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (183); individuals (other than high net worth individuals) (67); pension and profit sharing plans (but not the plan participants or government pension plans) (2)."
    },
    {
      "q": "Which custodians does Burling Wealth Partners use?",
      "a": "Burling Wealth Partners' 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 Burling Wealth Partners 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/332198"
    },
    {
      "q": "Does Burling Wealth Partners state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated March 18, 2026 says: \"Burling Wealth Partners does not impose a minimum portfolio size or a minimum initial investment to open an account.\""
    },
    {
      "q": "What changed in Burling Wealth Partners' recent Form ADV filings?",
      "a": "In the April 2026 filing data: Regulatory assets under management went from $767,956,805 to $1,004,645,681 (+31%). Registered or notice-filed in OH."
    }
  ],
  "filing_history": [
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 0.0,
      "total_employees": 1,
      "filing_date": "2024-09-06"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 767956805.0,
      "total_employees": 8,
      "filing_date": "2025-03-28"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 1004645681.0,
      "total_employees": 8,
      "filing_date": "2026-03-31"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Regulatory assets under management went from $767,956,805 to $1,004,645,681 (+31%).",
        "Registered or notice-filed in OH."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 18, 2026",
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": "None",
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "figures": [
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: None"
        ],
        "quotes": [
          "Burling Wealth Partners does not impose a minimum portfolio size or a minimum initial investment to open an account."
        ]
      }
    ],
    "quotes": [
      "Burling Wealth Partners does not impose a minimum portfolio size or a minimum initial investment to open an account."
    ],
    "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/burling-wealth-partners-chicago-il-332198.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 67,
      "fewer_than_5": false,
      "raum": 20852878.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 183,
      "fewer_than_5": false,
      "raum": 977175330.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 2,
      "fewer_than_5": true,
      "raum": 4102128.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 1,
      "fewer_than_5": true,
      "raum": 2515345.0
    }
  ],
  "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/332198",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}