Wealth manager, independent · Milwaukee, WI
Operose Advisors LLC
SEC-registered investment adviser · CRD 287465 · SEC 801-118313
At a glance
Operose Advisors LLC is an SEC-registered investment adviser based in Milwaukee, Wisconsin, with $2.0B in regulatory assets under management as of its Form ADV filed September 1, 2026. It reports 430 individual clients, 302 of them high-net-worth, holding an average of about $3.6 million each, and 20 employees. That ranks it 544th among the nation’s 5,657 independent wealth management RIAs and 5th of 97 in Wisconsin. It reports Charles Schwab as the custodian for its clients’ separately managed accounts.
Main office 414-209-3280operoseadvisors.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $2.0B
- Rank among independent wealth managers
- #544 of 5,657
- Rank among all SEC RIAs
- #3,590 of 17,210
- Rank in Wisconsin
- #5 of 97
- Individual clients
- 430
- High-net-worth clients
- 302
- Accounts
- 1,655
- Discretionary
- 73% of AUM
- Employees
- 20
- Advisory staff
- 11
- Offices
- 1
Owners and executives on its Form ADV
- Nicholas C. BauerFounding Partner
- Caroline P. JankowskiChief Compliance Officer, Partner
- Daniel K. StierPresident, Chief Investment Officer, Partner
- Amanda M. NowaczynskiChief Operating Officer, Partner
Custody and brokerage
Broker-dealer
No broker-dealer ties
Operose Advisors LLC reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 302 | $1.5B | 74% |
| Charitable organizations | 29 | $276M | 14% |
| Corporations or other businesses | 17 | $110M | 5% |
| Other | 33 | $107M | 5% |
| Individuals | 128 | $39M | 2% |
| Pooled investment vehicles | 2 | $0M | <1% |
Private funds
Operose Advisors LLC reports 2 private funds with $6M in gross assets: private equity funds, real estate funds (Form ADV Item 7.B).
Disciplinary disclosures
Operose Advisors LLC 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 pooled investment vehicles
- Portfolio management for businesses and institutions
- Selecting other advisers
How it’s paid
- A percentage of assets under management
- Fixed fees
Form ADV and brochures on the SEC’s adviser search ↗operoseadvisors.com ↗
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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, 5 years of filings
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- Growth over one, three and five years
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- Rank against 1,933 peers of its type and size
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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 Wisconsin
All of Wisconsin →| Firm | Regulatory AUM | Clients |
|---|---|---|
| North Star Asset Management IncNeenah | $3.4B | 3,442 |
| Resonant Capital Advisors, LLCMadison | $3.0B | 609 |
| Ellenbecker Investment GroupWaukesha | $2.1B | 2,277 |
| IAG Wealth Partners, LLCWaukesha | $1.9B | 2,339 |
| Diversified Management IncMilwaukee | $1.9B | 339 |
| Schaper Benz & Wise Investment Counsel IncNeenah | $1.8B | 388 |
Background
Questions
How much does Operose Advisors LLC manage?
Operose Advisors LLC reports $2.0B in regulatory assets under management across 1,655 accounts, 73% of it on a discretionary basis, on its Form ADV filed September 1, 2026.
How many clients does Operose Advisors LLC have?
It reports 430 individual clients: 302 high-net-worth individuals and 128 other individuals. Individuals account for about 76% of its regulatory assets.
Where is Operose Advisors LLC headquartered?
Its main office is in Milwaukee, Wisconsin. It reports 1 office in total and 20 employees, 11 of whom perform investment advisory functions.
How does Operose Advisors LLC charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; 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 Operose Advisors LLC use?
It reports Charles Schwab as the custodian for its clients’ separately managed accounts. On Schedule D of its Form ADV filed September 1, 2026, it reports these amounts held: Charles Schwab ($1.6B). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Operose Advisors LLC a hybrid RIA with a broker-dealer?
Operose Advisors LLC reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Is Operose Advisors LLC a fiduciary?
As an SEC-registered investment adviser, Operose Advisors LLC owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. It reports no employees who are registered representatives of a broker-dealer.
Where these numbers come from
Every figure is Operose 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 (2026-09-01), 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 →