Wealth manager, independent · Chicago, IL
Fourstar Wealth Advisors, LLC
SEC-registered investment adviser · CRD 169613 · SEC 801-110467
At a glance
Fourstar Wealth Advisors, LLC is an SEC-registered investment adviser based in Chicago, Illinois, with $1.4B in regulatory assets under management as of its Form ADV filed September 30, 2026. It reports 1,753 individual clients, 287 of them high-net-worth, holding an average of about $0.8 million each, and 48 employees. That ranks it 778th among the nation’s 5,657 independent wealth management RIAs and 33rd of 226 in Illinois. It reports 2 custodians for its clients’ separately managed accounts: Charles Schwab and Raymond James.
Main office 312-667-1750fourstarwealth.comAs filed on Form ADV
- Regulatory AUM
- $1.4B
- Rank among independent wealth managers
- #778 of 5,657
- Rank among all SEC RIAs
- #4,409 of 17,210
- Rank in Illinois
- #33 of 226
- Individual clients
- 1,753
- High-net-worth clients
- 287
- Accounts
- 3,691
- Discretionary
- 100% of AUM
- Employees
- 48
- Advisory staff
- 37
- Offices
- 29
Owners and executives on its Form ADV
- Brian L. KasalChief Executive Officer
- Brian L. KasalChief Compliance Officer
Custody and brokerage
Broker-dealer
Hybrid RIA
Fourstar Wealth Advisors, LLC is a hybrid RIA: 6 of its employees are also registered representatives of a broker-dealer.
Form ADV Part 1 doesn’t name an unaffiliated broker-dealer. The firm’s Part 2A brochure (Item 10) and each adviser’s record on the SEC’s adviser search do.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 287 | $968M | 68% |
| Individuals | 1,466 | $397M | 28% |
| Pension and profit sharing plans | 27 | $32M | 2% |
| Charitable organizations | 4 | $9M | <1% |
| Pooled investment vehicles | 2 | $8M | <1% |
| Corporations or other businesses | 12 | $7M | <1% |
Private funds
Fourstar Wealth Advisors, LLC reports 2 private funds with $8M in gross assets: other private funds (Form ADV Item 7.B).
Disciplinary disclosures
Fourstar Wealth Advisors, LLC answers yes to 11 disclosure items in Item 11 of Form ADV (criminal, regulatory or civil matters involving the firm or its advisory affiliates). Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
- Portfolio management for pooled investment vehicles
- Pension consulting
- Selecting other advisers
How it’s paid
- A percentage of assets under management
- Hourly charges
- Fixed fees
Form ADV and brochures on the SEC’s adviser search ↗fourstarwealth.com ↗
AtlasMembers
The full record on Fourstar Wealth Advisors, LLC
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, 8 years of filings
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- Growth over one, three and five years
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- Rank against 2,630 peers of its type and size
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- Owners and executives, with titles and stakes
- 2 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
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Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Similar-size RIAs in Illinois
All of Illinois →| Firm | Regulatory AUM | Clients |
|---|---|---|
| Urban Financial Advisory CorporationChicago | $1.5B | 254 |
| Archford Capital Strategies, LLCSwansea | $1.5B | 774 |
| Mediqus Asset Advisors, Inc.Chicago | $1.5B | 711 |
| The Planning Center, Inc.Moline | $1.4B | 895 |
| KEB Wealth AdvisorsSpringfield | $1.3B | 662 |
| Chicago Oakbrook Financial GroupOak Brook | $1.2B | 1,336 |
Background
Questions
How much does Fourstar Wealth Advisors, LLC manage?
Fourstar Wealth Advisors, LLC reports $1.4B in regulatory assets under management across 3,691 accounts, 100% of it on a discretionary basis, on its Form ADV filed September 30, 2026.
How many clients does Fourstar Wealth Advisors, LLC have?
It reports 1,753 individual clients: 287 high-net-worth individuals and 1,466 other individuals. Individuals account for about 96% of its regulatory assets.
Where is Fourstar Wealth Advisors, LLC headquartered?
Its main office is in Chicago, Illinois. It reports 29 offices in total and 48 employees, 37 of whom perform investment advisory functions.
How does Fourstar Wealth Advisors, LLC charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; hourly charges; fixed fees. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
What custodian does Fourstar Wealth Advisors, LLC use?
It reports 2 custodians for its clients’ separately managed accounts: Charles Schwab and Raymond James. On Schedule D of its Form ADV filed September 30, 2026, it reports these amounts held: Charles Schwab ($851M); Raymond James ($168M). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Fourstar Wealth Advisors, LLC a hybrid RIA with a broker-dealer?
Fourstar Wealth Advisors, LLC is a hybrid RIA: 6 of its employees are also registered representatives of a broker-dealer. Those representatives can also earn commissions on brokerage business through the broker-dealer, where different rules apply than for advisory accounts.
Is Fourstar Wealth Advisors, LLC a fiduciary?
As an SEC-registered investment adviser, Fourstar Wealth Advisors, LLC owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. 6 of its employees are also registered representatives of a broker-dealer, where different rules apply to brokerage recommendations.
Where these numbers come from
Every figure is Fourstar Wealth Advisors, LLC’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-09-30), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Its national rank compares it with every US-based independent wealth management RIA, the same field as The Largest RIAs. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →