# Estate & Trust Advisors

> Estate & Trust Advisors is an SEC-registered investment advisory firm in Riverwoods, IL, registered since 2006, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 16, 2026.

- CRD: 123802
- Filed as: ESTATE & TRUST ADVISORS
- Legal name: Estate & Trust Advisors, Inc.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Riverwoods, IL
- Filing period: October 2026
- Form ADV filing dated: March 16, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/123802
- AdvisorCensus page: https://advisorcensus.com/firm/estate-and-trust-advisors-riverwoods-il-123802

## Quick answers

**How is Estate & Trust Advisors compensated?**
On its Form ADV (Item 5.E, October 2026), Estate & Trust Advisors reports these compensation arrangements: a percentage of assets under its management. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Estate & Trust Advisors located?**
Estate & Trust Advisors' principal office is in Riverwoods, IL, according to its Form ADV.

**Is Estate & Trust Advisors registered with the SEC or a state?**
Estate & Trust Advisors is an SEC-registered investment advisory firm, registered since 2006. Status as filed: Approved. CRD 123802.

**How much does Estate & Trust Advisors manage?**
Estate & Trust Advisors reports $256,470,000 in regulatory assets under management in its Form ADV filing dated March 16, 2026 (100% discretionary).

**How have Estate & Trust Advisors' assets and staff changed since 2021?**
In the Form ADV data for Estate & Trust Advisors: Regulatory assets under management: $169,696,312 in the October 2021 data and $256,470,000 in the October 2026 data, up 51%. Total employees: 5 in October 2021 and 6 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Estate & Trust Advisors serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (140); high net worth individuals (35).

**Which custodians does Estate & Trust Advisors use?**
Estate & Trust 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.

**Does Estate & Trust Advisors 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/123802

**What changed in Estate & Trust Advisors' recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $222,110,340 to $256,470,000 (+15%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management

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

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: $256,470,000
- Discretionary: $255,209,450
- Non-discretionary: $1,260,550

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 140 | $114,950,000 |
| High net worth individuals | 35 | $141,520,000 |
| 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) | 0 | $0 |
| Charitable organizations | 0 | $0 |
| 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 | 0 | $0 |
| Other | 0 | $0 |

### Advisory services (Item 5.G)
- Financial planning services
- 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)

### Firm details
- Registered since: 2006 (20 years)
- Employees: 6 total, 4 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: IL
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- etaadvisor.com
- LinkedIn @estate-trust-advisors

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $169,696,312 | 5 | March 26, 2021 |
| October 2022 | $198,885,444 | 5 | March 2, 2022 |
| October 2023 | $205,765,399 | 5 | March 22, 2023 |
| October 2024 | $216,339,173 | 5 | March 21, 2024 |
| October 2025 | $222,110,340 | 5 | March 11, 2025 |
| October 2026 | $256,470,000 | 6 | March 16, 2026 |

Regulatory assets under management: $169,696,312 in the October 2021 data and $256,470,000 in the October 2026 data, up 51%.
Total employees: 5 in October 2021 and 6 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $222,110,340 to $256,470,000 (+15%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Estate & Trust Advisors (CRD 123802): Form ADV filing data as of October 2026.