{
  "crd_number": 166746,
  "slug": "wellment-financial-elmhurst-il-166746",
  "primary_business_name": "WELLMENT FINANCIAL",
  "legal_name": "FSR WEALTH MANAGEMENT, LTD.",
  "dbas": [],
  "city": "Elmhurst",
  "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": "2021-09-07",
  "years_registered": 5,
  "period": "2026-10-01",
  "filing_date": "2026-05-16",
  "carried_forward": false,
  "raum_total": 312671001.0,
  "raum_discretionary": 312671001.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "100m_500m",
  "raum_band_label": "$100 million to $500 million",
  "total_employees": 21,
  "advisory_employees": 11,
  "client_count_bucket": null,
  "clients_by_type": {
    "other": {
      "raum": 0.0,
      "count": 0
    },
    "charitable": {
      "raum": 0.0,
      "count": 0
    },
    "individuals": {
      "raum": 136321414.0,
      "count": 329
    },
    "banking_thrift": {
      "raum": 0.0,
      "count": 0
    },
    "state_municipal": {
      "raum": 0.0,
      "count": 0
    },
    "insurance_companies": {
      "raum": 0.0,
      "count": 0
    },
    "investment_companies": {
      "raum": 0.0,
      "count": 0
    },
    "pension_profit_sharing": {
      "raum": 0.0,
      "count": 0
    },
    "other_investment_advisers": {
      "raum": 0.0,
      "count": 0
    },
    "high_net_worth_individuals": {
      "raum": 176349587.0,
      "count": 76
    },
    "pooled_investment_vehicles": {
      "raum": 0.0,
      "count": 0
    },
    "corporations_other_businesses": {
      "raum": 0.0,
      "count": 0
    },
    "business_development_companies": {
      "raum": 0.0,
      "count": 0
    },
    "sovereign_wealth_foreign_official": {
      "raum": 0.0,
      "count": 0
    }
  },
  "compensation_types": [
    "fixed",
    "hourly",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "portfolio_management_individuals",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "FL",
    "IL",
    "IN",
    "NE",
    "NH",
    "TX"
  ],
  "websites": [
    "https://academy.wellment.com",
    "https://facebook.com/wellmentfinancial",
    "https://instagram.com/wellmentfinancial",
    "https://linkedin.com/company/wellment-financial",
    "https://yourwellment.com",
    "https://youtube.com/@wellmentfinancial"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/166746",
  "city_as_filed": "ELMHURST",
  "url": "https://advisorcensus.com/firm/wellment-financial-elmhurst-il-166746",
  "display_name": "Wellment Financial",
  "summary": "Wellment Financial is an SEC-registered investment advisory firm in Elmhurst, IL, registered since 2021, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated May 16, 2026.",
  "citation": "AdvisorCensus. Wellment Financial (CRD 166746): 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",
    "Selection of other advisers (including private fund managers)"
  ],
  "quick_answers": [
    {
      "q": "How is Wellment Financial compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Wellment Financial reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees)."
    },
    {
      "q": "How much does Wellment Financial charge?",
      "a": "Its Form ADV Part 2A brochure dated February 5, 2026 states: Asset-based fee: 0.3% to 1% a year (a range, as the brochure states it); Subscription: $300 to $1,500 a month (on-going financial planning services). Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is Wellment Financial located?",
      "a": "Wellment Financial's principal office is in Elmhurst, IL, according to its Form ADV; the June 2026 filing also lists 2 other offices (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Wellment Financial registered with the SEC or a state?",
      "a": "Wellment Financial is an SEC-registered investment advisory firm, registered since 2021. Status as filed: Approved. CRD 166746."
    },
    {
      "q": "How much does Wellment Financial manage?",
      "a": "Wellment Financial reports $312,671,001 in regulatory assets under management in its Form ADV filing dated May 16, 2026 (100% discretionary)."
    },
    {
      "q": "How have Wellment Financial's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Wellment Financial: Regulatory assets under management: $116,082,219 in the October 2021 data and $312,671,001 in the October 2026 data, up 169%. Total employees: 13 in October 2021 and 21 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Wellment Financial serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (329); high net worth individuals (76)."
    },
    {
      "q": "Which custodians does Wellment Financial use?",
      "a": "Wellment Financial's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Fidelity Brokerage Services LLC as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Wellment Financial 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/166746"
    },
    {
      "q": "Does Wellment Financial state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated February 5, 2026 says: \"The account minimum is currently set at $250,000 in investable assets for Investment Management Services. This minimum can be waived at the discretion of management.\""
    },
    {
      "q": "What changed in Wellment Financial's recent Form ADV filings?",
      "a": "In the June 2026 filing data: Added an office in Elmhurst, IL. Added an office in Orland Park, IL."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 116082219.0,
      "total_employees": 13,
      "filing_date": "2021-08-04"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 133307045.0,
      "total_employees": 14,
      "filing_date": "2022-03-31"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 125408022.0,
      "total_employees": 13,
      "filing_date": "2023-07-19"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 154344009.0,
      "total_employees": 14,
      "filing_date": "2024-02-29"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 237119309.0,
      "total_employees": 16,
      "filing_date": "2025-05-01"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 312671001.0,
      "total_employees": 21,
      "filing_date": "2026-05-16"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-06-01",
      "period_label": "June 2026",
      "notes": [
        "Added an office in Elmhurst, IL.",
        "Added an office in Orland Park, IL."
      ]
    },
    {
      "period": "2026-03-01",
      "period_label": "March 2026",
      "notes": [
        "Employees performing advisory functions went from 9 to 11.",
        "Regulatory assets under management went from $237,119,309 to $312,671,001 (+32%)."
      ]
    },
    {
      "period": "2026-02-01",
      "period_label": "February 2026",
      "notes": [
        "Registered or notice-filed in NH."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated February 5, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": "0.3% to 1% a year",
    "stated_maximum": null,
    "account_minimum": "$250,000",
    "account_minimum_may_be_waived": true,
    "minimum_annual_fee": null,
    "planning_fees": [
      "Subscription: $300 to $1,500 a month (on-going financial planning services)"
    ],
    "figures": [
      {
        "label": "Asset-based fee",
        "statements": [
          "Asset-based fee: 0.3% to 1% a year (a range, as the brochure states it)"
        ],
        "quotes": [
          "Currently, the range of the fee rates is between 0.30% and 1.0%, which is based upon the above negotiability factors and is negotiated and agreed upon between Wellment and the Plan Sponsor prior to the implementation of the services."
        ]
      },
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: $250,000 (the brochure says it may be waived or negotiated)"
        ],
        "quotes": [
          "The account minimum is currently set at $250,000 in investable assets for Investment Management Services. This minimum can be waived at the discretion of management."
        ]
      },
      {
        "label": "Planning fee",
        "statements": [
          "Subscription: $300 to $1,500 a month (on-going financial planning services)"
        ],
        "quotes": [
          "Generally, the fees charged will be a flat fee, collected on a monthly basis. ... the fee for financial planning services will range from $300 - $1500 per month"
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": [
        0.3,
        1.0
      ],
      "max_pct": null,
      "account_minimum": 250000.0,
      "minimum_annual_fee": null,
      "planning": [
        {
          "kind": "subscription",
          "amount": null,
          "min": 300.0,
          "max": 1500.0,
          "period": "monthly",
          "service": "on-going financial planning services"
        }
      ]
    },
    "quotes": [
      "Currently, the range of the fee rates is between 0.30% and 1.0%, which is based upon the above negotiability factors and is negotiated and agreed upon between Wellment and the Plan Sponsor prior to the implementation of the services.",
      "The account minimum is currently set at $250,000 in investable assets for Investment Management Services. This minimum can be waived at the discretion of management.",
      "Generally, the fees charged will be a flat fee, collected on a monthly basis. ... the fee for financial planning services will range from $300 - $1500 per month"
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Fidelity Brokerage Services LLC",
      "name_as_filed": "FIDELITY BROKERAGE SERVICES LLC",
      "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/wellment-financial-elmhurst-il-166746.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 329,
      "fewer_than_5": false,
      "raum": 136321414.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 76,
      "fewer_than_5": false,
      "raum": 176349587.0
    },
    {
      "type": "banking_thrift",
      "label": "Banking or thrift institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "business_development_companies",
      "label": "Business development companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "sovereign_wealth_foreign_official",
      "label": "Sovereign wealth funds and foreign official institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "other",
      "label": "Other",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    }
  ],
  "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/166746",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}