Broker-dealer firm · Evanston, IL
Romano Wealth Management
Romano Brothers and Company · SEC-registered investment adviser · CRD 3215 · SEC 801-27061
At a glance
Romano Wealth Management is an SEC-registered investment adviser based in Evanston, Illinois, with $1.5 billion in regulatory assets under management as of its Form ADV filed February 19, 2026. Its largest client group by assets is high-net-worth individuals, and it reports 934 individual clients. By Form ADV it is a broker-dealer firm, ranked 145th of 391 broker-dealer firms and 4,196th of 17,210 SEC-registered advisers by assets.
Main office 847-866-7700romanowealth.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $1.5B
- Rank among broker-dealer firms
- #145 of 391
- Rank among all SEC RIAs
- #4,196 of 17,210
- Rank in Illinois
- #206 of 684
- Individual clients
- 934
- High-net-worth clients
- 478
- Accounts
- 2,078
- Discretionary
- 100% of AUM
- Employees
- 16
- Advisory staff
- 9
- Offices
- 1
Owners and executives on its Form ADV
- Richard Constantino RomanoChairman
- Joseph Richardviktory RomanoPresident
- Douglas Norman GeisserVice President
- Eric Arthur BedermanCfo/cco
Custody and brokerage
Broker-dealer
Hybrid RIA
Romano Wealth Management is a hybrid RIA: 12 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 | 478 | $1.3B | 82% |
| Individuals | 456 | $185M | 12% |
| Charitable organizations | 16 | $51M | 3% |
| Pension and profit sharing plans | 13 | $24M | 2% |
| Corporations or other businesses | 6 | $19M | 1% |
Disciplinary disclosures
Romano Wealth Management answers yes to 3 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
How it’s paid
- A percentage of assets under management
- Fixed fees
Form ADV and brochures on the SEC’s adviser search ↗romanowealth.com ↗
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The full record on Romano Wealth Management
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, ten years of filings
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- Growth over one, three and five years
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- Rank against 118 peers of its type and size
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- Owners and executives, with titles and stakes
- 4 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
- 1Locked
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Background
Questions
How much does Romano Wealth Management manage?
Romano Wealth Management reports $1.5 billion in regulatory assets under management across 2,078 accounts, 100% of it on a discretionary basis, on its Form ADV filed February 19, 2026.
What kind of firm is Romano Wealth Management?
Romano Wealth Management is a broker-dealer firm by its Form ADV answers. The firm is itself registered as a broker-dealer as well as an investment adviser.
Who are Romano Wealth Management’s clients?
By assets, its largest client types are high-net-worth individuals ($1.3 billion, 478 clients); individuals ($185 million, 456 clients); charitable organizations ($51 million, 16 clients).
Does Romano Wealth Management have any disciplinary history?
Romano Wealth Management answers yes to 3 disclosure items in Item 11 of Form ADV, which covers criminal, regulatory and civil matters involving the firm or its advisory affiliates. The details are on the SEC’s adviser search.
Where these numbers come from
Every figure is Romano Wealth Management’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 (2026-02-19), 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). Ranks compare it by regulatory assets with every SEC-registered adviser and with firms of its type. 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 →