# Centric Wealth Management, LLC

> Centric Wealth Management, LLC is an SEC-registered investment advisory firm in Chicago, IL, registered since 2005, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated July 7, 2026.

- CRD: 133877
- Filed as: CENTRIC WEALTH MANAGEMENT, LLC
- Also doing business as: FARO ADVISORY
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Chicago, IL
- Filing period: October 2026
- Form ADV filing dated: July 7, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/133877
- AdvisorCensus page: https://advisorcensus.com/firm/centric-wealth-management-llc-chicago-il-133877

## Quick answers

**How is Centric Wealth Management, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Centric Wealth Management, LLC reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees); commissions. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Centric Wealth Management, LLC located?**
Centric Wealth Management, LLC's principal office is in Chicago, IL, according to its Form ADV; the August 2026 filing also lists 2 other offices (Schedule D, Section 1.F).

**Is Centric Wealth Management, LLC registered with the SEC or a state?**
Centric Wealth Management, LLC is an SEC-registered investment advisory firm, registered since 2005. Status as filed: Approved. CRD 133877.

**How much does Centric Wealth Management, LLC manage?**
Centric Wealth Management, LLC reports $792,857,735 in regulatory assets under management in its Form ADV filing dated July 7, 2026 (100% discretionary).

**How have Centric Wealth Management, LLC's assets and staff changed since 2021?**
In the Form ADV data for Centric Wealth Management, LLC: Regulatory assets under management: $406,329,727 in the October 2021 data and $792,857,735 in the October 2026 data, up 95%. Total employees: 5 in October 2021 and 15 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Centric Wealth Management, LLC serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (442); high net worth individuals (126); pension and profit sharing plans (but not the plan participants or government pension plans) (7).

**Which custodians does Centric Wealth Management, LLC use?**
Centric Wealth Management, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Company as a custodian holding 10% or more of its separately managed account assets.

**Does Centric Wealth Management, LLC report any disciplinary disclosures?**
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/133877

**What changed in Centric Wealth Management, LLC's recent Form ADV filings?**
In the August 2026 filing data: Registered or notice-filed in MA, WA.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)
- Commissions

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Company

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.

### Regulatory assets under management (Item 5.F)
- Total: $792,857,735
- Discretionary: $792,857,735
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 442 | $201,327,284 |
| High net worth individuals | 126 | $555,173,525 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 0 | $0 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 7 | $2,900,326 |
| Charitable organizations | 2 | $3,154,734 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 6 | $30,301,866 |
| Other | 0 | $0 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Pension consulting services

### Firm details
- Registered since: 2005 (21 years)
- Employees: 15 total, 8 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AZ, CA, CO, FL, IL, IN, MA, MI, MN, NC, NY, OH, TX, WA, WI
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the August 2026 filing
- Bannockburn, IL
- Oakbrook Terrace, IL

### Websites listed on Form ADV (Item 1.I)
- centricwealthmanagement.com
- faroadvisory.com
- Facebook @centricwealthmanagement
- LinkedIn @centric-wealth-management-llc
- X @CentricWM

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $406,329,727 | 5 | April 16, 2021 |
| October 2022 | $525,342,837 | 6 | May 25, 2022 |
| October 2023 | $448,482,462 | 7 | May 12, 2023 |
| October 2024 | $659,196,636 | 11 | March 15, 2024 |
| October 2025 | $725,571,955 | 13 | March 21, 2025 |
| October 2026 | $792,857,735 | 15 | July 7, 2026 |

Regulatory assets under management: $406,329,727 in the October 2021 data and $792,857,735 in the October 2026 data, up 95%.
Total employees: 5 in October 2021 and 15 in October 2026.

## Changes in the filing (last 12 months)

### August 2026
- Registered or notice-filed in MA, WA.

### March 2026
- Employees performing advisory functions went from 10 to 8.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Centric Wealth Management, LLC (CRD 133877): Form ADV filing data as of October 2026.