# Romano Wealth Management

> Romano Wealth Management is an SEC-registered investment advisory firm in Evanston, IL, registered since 1986, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated February 19, 2026.

- CRD: 3215
- Filed as: ROMANO WEALTH MANAGEMENT
- Legal name: Romano Brothers and Company
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Evanston, IL
- Filing period: October 2026
- Form ADV filing dated: February 19, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/3215
- AdvisorCensus page: https://advisorcensus.com/firm/romano-wealth-management-evanston-il-3215

## Quick answers

**How is Romano Wealth Management compensated?**
On its Form ADV (Item 5.E, October 2026), Romano Wealth Management 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.

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

**Is Romano Wealth Management registered with the SEC or a state?**
Romano Wealth Management is an SEC-registered investment advisory firm, registered since 1986. Status as filed: Approved. CRD 3215.

**How much does Romano Wealth Management manage?**
Romano Wealth Management reports $1,539,768,041 in regulatory assets under management in its Form ADV filing dated February 19, 2026 (100% discretionary).

**How have Romano Wealth Management's assets and staff changed since 2021?**
In the Form ADV data for Romano Wealth Management: Regulatory assets under management: $1,093,371,883 in the October 2021 data and $1,539,768,041 in the October 2026 data, up 41%. Total employees: 15 in October 2021 and 16 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Romano Wealth Management serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (478); individuals (other than high net worth individuals) (456); charitable organizations (16).

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

**Does Romano Wealth Management report any disciplinary disclosures?**
Reports 3 disclosure items on Form ADV Item 11: yes answers to 11.C(2) (SEC or CFTC finding of a violation), 11.C(4) (SEC or CFTC order), and 11.C(5) (SEC or CFTC civil money penalty or cease-and-desist order). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/3215

**What changed in Romano Wealth Management's recent Form ADV filings?**
In the March 2026 filing data: Employees performing advisory functions went from 8 to 9. Regulatory assets under management went from $1,388,470,813 to $1,539,768,041 (+11%). Registered or notice-filed in MA, PA.

## From the Form ADV filing

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

### Custodians (Schedule D, Section 5.K(3))
- Wells Fargo Clearing Services, LLC

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: $1,539,768,041
- Discretionary: $1,539,768,041
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 456 | $185,026,944 |
| High net worth individuals | 478 | $1,261,376,469 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 13 | $23,508,634 |
| Charitable organizations | 16 | $50,733,377 |
| Corporations or other businesses not listed above | 6 | $19,122,617 |

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

### Firm details
- Registered since: 1986 (40 years)
- Employees: 16 total, 9 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: AZ, CA, CO, DC, FL, GA, IA, IL, IN, LA, MA, MD, MI, MN, MO, NC, NJ, NY, OH, OR, PA, SC, TN, TX, UT, VA, WA, WI
- Disclosures (Item 11): Reports 3 disclosure items on Form ADV Item 11.

### Item 11 questions answered yes
- 11.C(2): Has the SEC or the CFTC ever found that the firm or an advisory affiliate was involved in a violation of SEC or CFTC regulations or statutes?
- 11.C(4): Has the SEC or the CFTC ever entered an order against the firm or an advisory affiliate in connection with investment-related activity?
- 11.C(5): Has the SEC or the CFTC ever imposed a civil money penalty on the firm or an advisory affiliate, or ordered the firm or an advisory affiliate to cease and desist from an activity?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/3215

### Websites listed on Form ADV (Item 1.I)
- romanowealth.com
- Facebook @ROMANOWEALTHMANAGEMENT
- LinkedIn @4811208

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $1,093,371,883 | 15 | February 24, 2021 |
| October 2022 | $1,254,161,873 | 15 | September 13, 2022 |
| October 2023 | $1,123,831,106 | 15 | August 24, 2023 |
| October 2024 | $1,235,711,134 | 15 | January 24, 2024 |
| October 2025 | $1,388,470,813 | 16 | January 31, 2025 |
| October 2026 | $1,539,768,041 | 16 | February 19, 2026 |

Regulatory assets under management: $1,093,371,883 in the October 2021 data and $1,539,768,041 in the October 2026 data, up 41%.
Total employees: 15 in October 2021 and 16 in October 2026.

## Changes in the filing (last 12 months)

### March 2026
- Employees performing advisory functions went from 8 to 9.
- Regulatory assets under management went from $1,388,470,813 to $1,539,768,041 (+11%).
- Registered or notice-filed in MA, PA.

### December 2025
- Registered or notice-filed in NJ, WA.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Romano Wealth Management (CRD 3215): Form ADV filing data as of October 2026.