{ "crd_number": 110057, "slug": "urban-financial-advisory-corporation-chicago-il-110057", "primary_business_name": "URBAN FINANCIAL ADVISORY CORPORATION", "legal_name": "URBAN FINANCIAL ADVISORY CORP", "dbas": [], "city": "Chicago", "state": "IL", "country": "United States", "cbsa_code": "16980", "metro": { "cbsa_code": "16980", "common_name": "Chicago", "msa_name": "Chicago-Naperville-Elgin, IL-IN", "path": "/advisors/il/chicago" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "1994-08-03", "years_registered": 32, "period": "2026-10-01", "filing_date": "2026-09-30", "carried_forward": false, "raum_total": 1493295703.0, "raum_discretionary": 1388274219.0, "raum_non_discretionary": 105021484.0, "raum_band": "1b_5b", "raum_band_label": "$1 billion to $5 billion", "total_employees": 15, "advisory_employees": 14, "client_count_bucket": "fewer_than_5_in_some_types", "clients_by_type": { "individuals": { "raum": 20170677.0, "count": 72 }, "pension_profit_sharing": { "raum": 3705324.0, "count": 1, "fewer_than_5": true }, "high_net_worth_individuals": { "raum": 1406662998.0, "count": 182 }, "corporations_other_businesses": { "raum": 62756704.0, "count": 5 } }, "compensation_types": [ "fixed", "hourly", "percentage_of_aum" ], "advisory_activities": [ "financial_planning", "portfolio_management_businesses_institutional", "portfolio_management_individuals" ], "wrap_fee_participant": false, "disclosure_yes_count": 0, "states_registered": [ "IL" ], "websites": [ "https://linkedin.com/company/urban-financial-advisory-corp", "https://ufinadv.com" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/110057", "city_as_filed": "CHICAGO", "url": "https://advisorcensus.com/firm/urban-financial-advisory-corporation-chicago-il-110057", "display_name": "Urban Financial Advisory Corporation", "summary": "Urban Financial Advisory Corporation is an SEC-registered investment advisory firm in Chicago, IL, registered since 1994, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated September 30, 2026.", "citation": "AdvisorCensus. Urban Financial Advisory Corporation (CRD 110057): Form ADV filing data as of October 2026.", "registration_type_label": "SEC-registered investment adviser", "compensation_labels": [ "A percentage of assets under your management", "Hourly charges", "Fixed fees (other than subscription fees)" ], "advisory_activity_labels": [ "Financial planning services", "Portfolio management for individuals and/or small businesses", "Portfolio management for businesses (other than small businesses) or institutional clients" ], "quick_answers": [ { "q": "How is Urban Financial Advisory Corporation compensated?", "a": "On its Form ADV (Item 5.E, October 2026), Urban Financial Advisory Corporation reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees). The amounts are in Item 5 of its Form ADV Part 2A brochure." }, { "q": "Where is Urban Financial Advisory Corporation located?", "a": "Urban Financial Advisory Corporation's principal office is in Chicago, IL, according to its Form ADV." }, { "q": "Is Urban Financial Advisory Corporation registered with the SEC or a state?", "a": "Urban Financial Advisory Corporation is an SEC-registered investment advisory firm, registered since 1994. Status as filed: Approved. CRD 110057." }, { "q": "How much does Urban Financial Advisory Corporation manage?", "a": "Urban Financial Advisory Corporation reports $1,493,295,703 in regulatory assets under management in its Form ADV filing dated September 30, 2026 (93% discretionary)." }, { "q": "How have Urban Financial Advisory Corporation's assets and staff changed since 2021?", "a": "In the Form ADV data for Urban Financial Advisory Corporation: Regulatory assets under management: $1,152,428,534 in the October 2021 data and $1,493,295,703 in the October 2026 data, up 30%. Total employees: 13 in October 2021 and 15 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does Urban Financial Advisory Corporation serve?", "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (182); individuals (other than high net worth individuals) (72); corporations or other businesses not listed above (5)." }, { "q": "Does Urban Financial Advisory Corporation 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/110057" }, { "q": "What changed in Urban Financial Advisory Corporation's recent Form ADV filings?", "a": "In the October 2026 filing data: Regulatory assets under management went from $1,275,389,164 to $1,493,295,703 (+17%)." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 1152428534.0, "total_employees": 13, "filing_date": "2021-09-28" }, { "period": "2022-10-01", "regulatory_assets_under_management": 991034895.0, "total_employees": 13, "filing_date": "2022-09-29" }, { "period": "2023-10-01", "regulatory_assets_under_management": 1021100405.0, "total_employees": 15, "filing_date": "2023-09-28" }, { "period": "2024-10-01", "regulatory_assets_under_management": 1103601324.0, "total_employees": 13, "filing_date": "2024-09-25" }, { "period": "2025-10-01", "regulatory_assets_under_management": 1103601324.0, "total_employees": 13, "filing_date": "2024-09-25" }, { "period": "2026-10-01", "regulatory_assets_under_management": 1493295703.0, "total_employees": 15, "filing_date": "2026-09-30" } ], "recent_changes": [ { "period": "2026-10-01", "period_label": "October 2026", "notes": [ "Regulatory assets under management went from $1,275,389,164 to $1,493,295,703 (+17%)." ] }, { "period": "2025-12-01", "period_label": "December 2025", "notes": [ "Employees performing advisory functions went from 12 to 14.", "Regulatory assets under management went from $1,103,601,324 to $1,275,389,164 (+16%)." ] } ], "fees_from_brochure": null, "custodians": [], "custodians_note": null, "markdown_url": "https://advisorcensus.com/firm/urban-financial-advisory-corporation-chicago-il-110057.md", "clients": [ { "type": "individuals", "label": "Individuals (other than high net worth individuals)", "count": 72, "fewer_than_5": false, "raum": 20170677.0 }, { "type": "high_net_worth_individuals", "label": "High net worth individuals", "count": 182, "fewer_than_5": false, "raum": 1406662998.0 }, { "type": "pension_profit_sharing", "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)", "count": 1, "fewer_than_5": true, "raum": 3705324.0 }, { "type": "corporations_other_businesses", "label": "Corporations or other businesses not listed above", "count": 5, "fewer_than_5": false, "raum": 62756704.0 } ], "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/110057", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }