# Iron Financial LLC

> Iron Financial LLC is an SEC-registered investment advisory firm in Northbrook, IL, registered since 1994, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated July 1, 2026.

- CRD: 106682
- Filed as: IRON FINANCIAL LLC
- Also doing business as: IRON ASSET MANAGEMENT, IRON FINANCIAL, IRON FINANCIAL MANAGEMENT INC, IRON HOLDINGS LLC, IRON INVESTMENTS, IRON WEALTH HOLDINGS LLC, THE IRON FINANCIAL COMPANIES
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Northbrook, IL
- Filing period: October 2026
- Form ADV filing dated: July 1, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/106682
- AdvisorCensus page: https://advisorcensus.com/firm/iron-financial-llc-northbrook-il-106682

## Quick answers

**How is Iron Financial LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Iron Financial LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Iron Financial LLC located?**
Iron Financial LLC's principal office is in Northbrook, IL, according to its Form ADV.

**Is Iron Financial LLC registered with the SEC or a state?**
Iron Financial LLC is an SEC-registered investment advisory firm, registered since 1994. Status as filed: Approved. CRD 106682.

**How much does Iron Financial LLC manage?**
Iron Financial LLC reports $489,165,569 in regulatory assets under management in its Form ADV filing dated July 1, 2026 (100% discretionary).

**How have Iron Financial LLC's assets and staff changed since 2021?**
In the Form ADV data for Iron Financial LLC: Regulatory assets under management: $564,479,807 in the October 2021 data and $489,165,569 in the October 2026 data, down 13%. Total employees: 15 in October 2021 and 10 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Iron Financial LLC serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (124); high net worth individuals (108); corporations or other businesses not listed above (13).

**Which custodians does Iron Financial LLC use?**
Iron Financial LLC'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 Iron Financial 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/106682

## From the Form ADV filing

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

### 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: $489,165,569
- Discretionary: $489,165,569
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 124 | $40,925,387 |
| High net worth individuals | 108 | $420,803,465 |
| 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) | 1 | $8,514,177 |
| 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 | 13 | $18,922,540 |
| Other | 0 | $0 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 1994 (32 years)
- Employees: 10 total, 9 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AZ, CA, FL, IA, IL, IN, LA, NC, NH, NJ, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- ironfinancial.com
- LinkedIn @iron-financial-llc
- X @GoIRONFinancial

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $564,479,807 | 15 | September 14, 2021 |
| October 2022 | $449,097,026 | 12 | March 28, 2022 |
| October 2023 | $412,755,308 | 10 | September 25, 2023 |
| October 2024 | $421,111,841 | 10 | July 11, 2024 |
| October 2025 | $472,137,075 | 11 | June 27, 2025 |
| October 2026 | $489,165,569 | 10 | July 1, 2026 |

Regulatory assets under management: $564,479,807 in the October 2021 data and $489,165,569 in the October 2026 data, down 13%.
Total employees: 15 in October 2021 and 10 in October 2026.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Iron Financial LLC (CRD 106682): Form ADV filing data as of October 2026.