{
  "crd_number": 287465,
  "slug": "operose-advisors-llc-milwaukee-wi-287465",
  "primary_business_name": "OPEROSE ADVISORS LLC",
  "legal_name": "OPEROSE ADVISORS LLC",
  "dbas": [],
  "city": "Milwaukee",
  "state": "WI",
  "country": "United States",
  "cbsa_code": "33340",
  "metro": {
    "cbsa_code": "33340",
    "common_name": "Milwaukee",
    "msa_name": "Milwaukee-Waukesha, WI",
    "path": "/advisors/wi/milwaukee"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2020-03-30",
  "years_registered": 6,
  "period": "2026-10-01",
  "filing_date": "2026-09-01",
  "carried_forward": false,
  "raum_total": 2038167082.0,
  "raum_discretionary": 1493162443.0,
  "raum_non_discretionary": 545004639.0,
  "raum_band": "1b_5b",
  "raum_band_label": "$1 billion to $5 billion",
  "total_employees": 20,
  "advisory_employees": 11,
  "client_count_bucket": null,
  "clients_by_type": {
    "other": {
      "raum": 107069641.0,
      "count": 33,
      "description": "RETIREMENT"
    },
    "charitable": {
      "raum": 276084982.0,
      "count": 29
    },
    "individuals": {
      "raum": 39149458.0,
      "count": 128
    },
    "banking_thrift": {
      "raum": 0.0,
      "count": null
    },
    "state_municipal": {
      "raum": 0.0,
      "count": null
    },
    "insurance_companies": {
      "raum": 0.0,
      "count": null
    },
    "investment_companies": {
      "raum": 0.0,
      "count": null
    },
    "pension_profit_sharing": {
      "raum": 0.0,
      "count": null
    },
    "other_investment_advisers": {
      "raum": 0.0,
      "count": null
    },
    "high_net_worth_individuals": {
      "raum": 1506007821.0,
      "count": 302
    },
    "pooled_investment_vehicles": {
      "raum": 204518.0,
      "count": 2
    },
    "corporations_other_businesses": {
      "raum": 109650662.0,
      "count": 17
    },
    "business_development_companies": {
      "raum": 0.0,
      "count": null
    },
    "sovereign_wealth_foreign_official": {
      "raum": 0.0,
      "count": null
    }
  },
  "compensation_types": [
    "fixed",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "portfolio_management_pooled_vehicles",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "CA",
    "FL",
    "IL",
    "MN",
    "TX",
    "WI"
  ],
  "websites": [
    "https://linkedin.com/COMPANY/OPEROSE-PARTNERS",
    "https://operoseadvisors.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/287465",
  "city_as_filed": "MILWAUKEE",
  "url": "https://advisorcensus.com/firm/operose-advisors-llc-milwaukee-wi-287465",
  "display_name": "Operose Advisors LLC",
  "summary": "Operose Advisors LLC is an SEC-registered investment advisory firm in Milwaukee, WI, registered since 2020, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated September 1, 2026.",
  "citation": "AdvisorCensus. Operose Advisors LLC (CRD 287465): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Fixed fees (other than subscription fees)"
  ],
  "advisory_activity_labels": [
    "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)"
  ],
  "quick_answers": [
    {
      "q": "How is Operose Advisors LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Operose Advisors LLC reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees). The amounts are in Item 5 of its Form ADV Part 2A brochure."
    },
    {
      "q": "Where is Operose Advisors LLC located?",
      "a": "Operose Advisors LLC's principal office is in Milwaukee, WI, according to its Form ADV."
    },
    {
      "q": "Is Operose Advisors LLC registered with the SEC or a state?",
      "a": "Operose Advisors LLC is an SEC-registered investment advisory firm, registered since 2020. Status as filed: Approved. CRD 287465."
    },
    {
      "q": "How much does Operose Advisors LLC manage?",
      "a": "Operose Advisors LLC reports $2,038,167,082 in regulatory assets under management in its Form ADV filing dated September 1, 2026 (73% discretionary)."
    },
    {
      "q": "How have Operose Advisors LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Operose Advisors LLC: Regulatory assets under management: $338,960,974 in the October 2021 data and $2,038,167,082 in the October 2026 data, up 501%. Total employees: 10 in October 2021 and 20 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Operose Advisors LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (302); individuals (other than high net worth individuals) (128); other (33)."
    },
    {
      "q": "Which custodians does Operose Advisors LLC use?",
      "a": "Operose Advisors 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."
    },
    {
      "q": "Does Operose Advisors LLC 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/287465"
    },
    {
      "q": "What changed in Operose Advisors LLC's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Employees performing advisory functions went from 8 to 11. Registered or notice-filed in MN."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 338960974.0,
      "total_employees": 10,
      "filing_date": "2021-06-14"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 530408849.0,
      "total_employees": 11,
      "filing_date": "2022-03-16"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 805748294.0,
      "total_employees": 11,
      "filing_date": "2023-10-04"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 1251622256.0,
      "total_employees": 11,
      "filing_date": "2024-02-29"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 1596142434.0,
      "total_employees": 15,
      "filing_date": "2025-03-20"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 2038167082.0,
      "total_employees": 20,
      "filing_date": "2026-09-01"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 8 to 11.",
        "Registered or notice-filed in MN."
      ]
    },
    {
      "period": "2025-12-01",
      "period_label": "December 2025",
      "notes": [
        "Regulatory assets under management went from $1,596,142,434 to $1,929,495,968 (+21%)."
      ]
    }
  ],
  "fees_from_brochure": null,
  "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/operose-advisors-llc-milwaukee-wi-287465.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 128,
      "fewer_than_5": false,
      "raum": 39149458.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 302,
      "fewer_than_5": false,
      "raum": 1506007821.0
    },
    {
      "type": "banking_thrift",
      "label": "Banking or thrift institutions",
      "count": null,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": null,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "business_development_companies",
      "label": "Business development companies",
      "count": null,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 2,
      "fewer_than_5": false,
      "raum": 204518.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": null,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 29,
      "fewer_than_5": false,
      "raum": 276084982.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": null,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": null,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": null,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "sovereign_wealth_foreign_official",
      "label": "Sovereign wealth funds and foreign official institutions",
      "count": null,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 17,
      "fewer_than_5": false,
      "raum": 109650662.0
    },
    {
      "type": "other",
      "label": "Other",
      "count": 33,
      "fewer_than_5": false,
      "raum": 107069641.0
    }
  ],
  "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/287465",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}