# Factor Wealth Management

> Factor Wealth Management is an SEC-registered investment advisory firm in Chicago, IL, registered since 1989, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated June 8, 2026.

- CRD: 104708
- Filed as: FACTOR WEALTH MANAGEMENT
- Legal name: Factor Wealth Management Ltd.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Chicago, IL
- Filing period: October 2026
- Form ADV filing dated: June 8, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/104708
- AdvisorCensus page: https://advisorcensus.com/firm/factor-wealth-management-chicago-il-104708

## Quick answers

**How is Factor Wealth Management compensated?**
On its Form ADV (Item 5.E, October 2026), Factor Wealth Management reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees).

**Where is Factor Wealth Management located?**
Factor Wealth Management's principal office is in Chicago, IL, according to its Form ADV.

**Is Factor Wealth Management registered with the SEC or a state?**
Factor Wealth Management is an SEC-registered investment advisory firm, registered since 1989. Status as filed: Approved. CRD 104708.

**How much does Factor Wealth Management manage?**
Factor Wealth Management reports $781,019,799 in regulatory assets under management in its Form ADV filing dated June 8, 2026 (98% discretionary).

**How have Factor Wealth Management's assets and staff changed since 2021?**
In the Form ADV data for Factor Wealth Management: Regulatory assets under management: $369,469,018 in the October 2021 data and $781,019,799 in the October 2026 data, up 111%. Total employees: 4 in October 2021 and 8 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Factor Wealth Management serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (175); individuals (other than high net worth individuals) (64).

**Which custodians does Factor Wealth Management use?**
Factor Wealth Management's 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 Factor Wealth Management 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/104708

**Does Factor Wealth Management state an account minimum?**
Its Form ADV Part 2A brochure dated March 5, 2026 says: "The minimum account value required to open and maintain an account with Adviser is $1,000,000, subject to negotiation."

**What changed in Factor Wealth Management's recent Form ADV filings?**
In the July 2026 filing data: Employees performing advisory functions went from 4 to 5.

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated March 5, 2026)

- Account minimum: $1,000,000 (the brochure says it may be waived or negotiated)

> The minimum account value required to open and maintain an account with Adviser is $1,000,000, subject to negotiation.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### 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: $781,019,799
- Discretionary: $764,860,485
- Non-discretionary: $16,159,314

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 64 | $36,201,466 |
| High net worth individuals | 175 | $744,818,333 |
| 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
- Pension consulting services
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 1989 (37 years)
- Employees: 8 total, 5 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AZ, CA, CO, FL, IL, MD, NH, NY, TX, WI
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- factorwealth.com
- LinkedIn @factorwealth

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $369,469,018 | 4 | July 20, 2021 |
| October 2022 | $438,469,587 | 4 | April 27, 2022 |
| October 2023 | $433,704,017 | 5 | June 9, 2023 |
| October 2024 | $582,694,631 | 6 | September 9, 2024 |
| October 2025 | $630,126,974 | 5 | May 8, 2025 |
| October 2026 | $781,019,799 | 8 | June 8, 2026 |

Regulatory assets under management: $369,469,018 in the October 2021 data and $781,019,799 in the October 2026 data, up 111%.
Total employees: 4 in October 2021 and 8 in October 2026.

## Changes in the filing (last 12 months)

### July 2026
- Employees performing advisory functions went from 4 to 5.

### April 2026
- Regulatory assets under management went from $630,126,974 to $781,019,799 (+24%).

### January 2026
- Changed its legal name from Clune & Associates, Ltd. to Factor Wealth Management Ltd..
- Registered or notice-filed in MD, NH, WI.
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Factor Wealth Management (CRD 104708): Form ADV filing data as of October 2026.