Arete Wealth Management

Arete Wealth Management

A subsidiary of Arete Wealth Inc.

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1115 W. Fulton Market, 3rd Floor

Chicago, IL 60607

(312) 940-3684

aretewealth.com

Clearing firm: National Financial Services LLC

No. advisers: 147

No. franchises: 35

AUM: $1,298,676,794

Year founded: 2007

Year end: Dec. 31

No. of retail offices: 35

For More Information

CEOJoshua D. Rogers
Recruiting ContactNate Moster
(312) 940-3684
E-mail

Tim Snodgrass
(619) 985-7873
E-mail
Compliance ContactBob Chung
(312) 940-3684
E-mail
Marketing ContactNate Moster
(312) 940-3684
E-mail
Technology Operations ContactHeidi Flanagan
(312) 940-3684
E-mail

Recruitment & Staffing

2019 2018 2017
No. of reps147144112
No. of reps, male12412192
No. of reps, female232320
No. of producing reps949684
No. of producing reps, male888977
No. of producing reps, female677
No. of reps producing $100K-$499K /year323131
No. of reps producing $500K+ /year161815
No. of CFPs1844
No. of full-time employees12109
No. of fee-based advisers served646359
Average payout per rep, per year$233,117$200,338$198,336
Avg. annual production of top 20% reps$973,226$841,436$769,516
Total payout, per year$24,786,507$19,232,405$16,660,211
Cost of E&O insurance per rep, per year39003600$3,600
Affiliation fees charged per rep, per year300300$300
Affiliation fee coverageLicensing and registration servicesLicensing and registration services
$0-$249,999 $250K-$499,999 $500K-$749,999 $750K-$999,999 $1,000,000+
Mutual funds 76%-80% 81%-85% 81%-85% 86%-90% 86%-90%
Insurance 76%-80% 81%-85% 81%-85% 86%-90% 86%-90%
Variable annuities 76%-80% 81%-85% 81%-85% 86%-90% 86%-90%
Limited parterships 76%-80% 81%-85% 81%-85% 86%-90% 86%-90%
Securities 76%-80% 81%-85% 81%-85% 86%-90% 86%-90%
2019 2018 2017
Total revenues$36,505,635$30,085,805$25,796,981
Commission revenues$14,075,999$11,715,759$11,261,480
Securities revenues$286,131$393,676$377,370
Securities revenues: Stocks$259,376$372,805$351,380
Securities revenues: Bonds$16,085$11,346$2,847
Securities revenues: ETFs
Securities revenues: Other$10,670$9,525$23,143
Mutual fund revenues$898,297$972,324$802,870
Annuities revenues$3,664,158$3,037,004$2,967,824
Annuities revenues: Fixed$221,693$88,762$109,366
Annuities revenues: Variable$3,442,465$2,948,242$2,858,458
Annuities revenues: Other0
Insurance revenue$70,258$173,263$176,365
Insurance revenues: Life$70,258$173,263$176,365
Insurance revenues: Disabilities0
Insurance revenues: LTC0
Insurance revenues: Other0
Alternative revenues$9,157,154$7,139,492$6,937,051
Alternative revenues: Hedge funds0
Alternative revenues: Managed futures0
Alternative revenues: Private placements$8,648,659$6,530,693$6,429,509
Alternative revenues: REITs0
Alternative revenues: Other$508,495$608,799$507,542
Other commission revenues000
Fee revenues$11,270,667$10,362,588$8,250,558
Fee revenues: Rep-managed accounts$8,922,705$9,077,725$6,741,388
Fee revenues: Firm-managed accounts0
Fee revenues: Outside-managed accounts$2,186,031$1,156,876$1,509,170
Fee revenues: Other$161,932$127,9870
Total revenues: Other$11,158,969$8,007,458$6,284,943
2019 2018 2017
Total account assets$1,298,676,794$1,231,318,238$1,119,570,599
Fee-based assets$1,298,676,794$1,231,318,238$1,119,570,599
Fee-based assets: Clearing firm$1,034,578,923$1,074,245,875$931,517,837
Fee-based assets: Advisory firm platforms$24,087,745$30,751,790$32,682,048
Fee-based assets: Third-party money managers$240,010,126$126,320,573$155,370,714
Fee-based assets: Other0
Total account assets: Other000
Average assets per rep$8,834,536$8,550,821$9,996,166
    Notes
  • N/A = Not available
  • N/D = Not disclosed
  • — = Information not available or not disclosed

All 2011-2016 recruitment and staffing data is as of Dec. 31 in the calendar year displayed. Prior year recruitment and staffing data is as of Sept. 30. All financial figures are for firms' year end, unless noted.

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