Wealth manager, independent · Chicago, IL
Mediqus Asset Advisors, Inc.
Mediqus Asset Advisors Inc · SEC-registered investment adviser · CRD 107694 · SEC 801-50225
At a glance
Mediqus Asset Advisors, Inc. is an SEC-registered investment adviser based in Chicago, Illinois, with $1.5B in regulatory assets under management as of its Form ADV filed March 24, 2026. It reports 711 individual clients, 302 of them high-net-worth, holding an average of about $1.4 million each, and 11 employees. That ranks it 758th among the nation’s 5,657 independent wealth management RIAs and 32nd of 226 in Illinois. It reports Charles Schwab as the custodian for its clients’ separately managed accounts.
Main office 312-419-3733mediqus.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $1.5B
- Rank among independent wealth managers
- #758 of 5,657
- Rank among all SEC RIAs
- #4,341 of 17,210
- Rank in Illinois
- #32 of 226
- Individual clients
- 711
- High-net-worth clients
- 302
- Accounts
- 1,596
- Discretionary
- 100% of AUM
- Employees
- 11
- Advisory staff
- 6
- Offices
- 7
Owners and executives on its Form ADV
- Ronald J. PaprockiPresident, Chief Executive Officer, Chief Compliance Officer
- Matthew W. PaprockiSecretary / Senior Vice President
- Karen K. BraskChief Operations Officer
Custody and brokerage
Broker-dealer
Hybrid RIA
Mediqus Asset Advisors, Inc. is a hybrid RIA: 4 of its employees are also registered representatives of a broker-dealer.
Its Form ADV brochure (filed March 2026) names Ausdal Financial Partners as the broker-dealer its advisers are registered with.
Some of the financial counselors of MEDIQUS are registered representatives of Ausdal Financial Partners, Inc., a broker-dealer firm.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 302 | $933M | 64% |
| Corporations or other businesses | 38 | $203M | 14% |
| Charitable organizations | 67 | $176M | 12% |
| Individuals | 409 | $84M | 6% |
| Pension and profit sharing plans | 15 | $60M | 4% |
Disciplinary disclosures
Mediqus Asset Advisors, Inc. reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
- Portfolio management for businesses and institutions
- Educational seminars and workshops
How it’s paid
- A percentage of assets under management
- Hourly charges
- Fixed fees
- Commissions
Form ADV and brochures on the SEC’s adviser search ↗mediqus.com ↗
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- Assets, accounts, clients and staff, ten years of filings
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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 |
|---|---|---|
| Pekin Hardy Strauss, Inc.Chicago | $1.6B | 725 |
| Urban Financial Advisory CorporationChicago | $1.5B | 254 |
| Archford Capital Strategies, LLCSwansea | $1.5B | 774 |
| Fourstar Wealth Advisors, LLCChicago | $1.4B | 1,753 |
| The Planning Center, Inc.Moline | $1.4B | 895 |
| KEB Wealth AdvisorsSpringfield | $1.3B | 662 |
Background
Questions
How much does Mediqus Asset Advisors, Inc. manage?
Mediqus Asset Advisors, Inc. reports $1.5B in regulatory assets under management across 1,596 accounts, 100% of it on a discretionary basis, on its Form ADV filed March 24, 2026.
How many clients does Mediqus Asset Advisors, Inc. have?
It reports 711 individual clients: 302 high-net-worth individuals and 409 other individuals. Individuals account for about 70% of its regulatory assets.
Where is Mediqus Asset Advisors, Inc. headquartered?
Its main office is in Chicago, Illinois. It reports 7 offices in total and 11 employees, 6 of whom perform investment advisory functions.
How does Mediqus Asset Advisors, Inc. charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; hourly charges; fixed fees; commissions. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
What custodian does Mediqus Asset Advisors, Inc. use?
It reports Charles Schwab as the custodian for its clients’ separately managed accounts. On Schedule D of its Form ADV filed March 24, 2026, it reports these amounts held: Charles Schwab ($1.4B). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Mediqus Asset Advisors, Inc. a hybrid RIA with a broker-dealer?
Mediqus Asset Advisors, Inc. is a hybrid RIA: 4 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 Mediqus Asset Advisors, Inc. a fiduciary?
As an SEC-registered investment adviser, Mediqus Asset Advisors, Inc. owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. 4 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 Mediqus Asset Advisors, Inc.’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 (2026-03-24), 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 →