Wealth manager, independent · Chicago, IL
Urban Financial Advisory Corporation
Urban Financial Advisory Corp · SEC-registered investment adviser · CRD 110057 · SEC 801-47160
At a glance
Urban Financial Advisory Corporation is an SEC-registered investment adviser based in Chicago, Illinois, with $1.5B in regulatory assets under management as of its Form ADV filed September 30, 2026. It reports 254 individual clients, 182 of them high-net-worth, holding an average of about $5.6 million each, and 15 employees. That ranks it 734th among the nation’s 5,657 independent wealth management RIAs and 30th of 226 in Illinois.
Up $218M from $1.3B in its previous filing; rank 865 → 734. This month’s movers →
Main office 312-379-0150ufinadv.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $1.5B
- Rank among independent wealth managers
- #734 of 5,657
- Rank among all SEC RIAs
- #4,269 of 17,210
- Rank in Illinois
- #30 of 226
- Individual clients
- 254
- High-net-worth clients
- 182
- Accounts
- 1,060
- Discretionary
- 93% of AUM
- Employees
- 15
- Advisory staff
- 14
- Offices
- 1
Owners and executives on its Form ADV
- Steven D. UrbanPresident/chief Compliance Officer
- Jeremy A AnderPrincipal
- Lisa J SherwoodPrincipal
Custody and brokerage
Custodian
Urban Financial Advisory Corporation’s Form ADV lists no custodian for separately managed accounts. Firms report one only when they manage $10 million or more in those accounts.
Broker-dealer
No broker-dealer ties
Urban Financial Advisory Corporation 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 | 182 | $1.4B | 94% |
| Corporations or other businesses | 5 | $63M | 4% |
| Individuals | 72 | $20M | 1% |
| Pension and profit sharing plans | 1 | $4M | <1% |
Disciplinary disclosures
Urban Financial Advisory Corporation 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
How it’s paid
- A percentage of assets under management
- Hourly charges
- Fixed fees
Form ADV and brochures on the SEC’s adviser search ↗ufinadv.com ↗
AtlasMembers
The full record on Urban Financial Advisory Corporation
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 2,535 peers of its type and size
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- Owners and executives, with titles and stakes
- 3 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
- 2Locked
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 |
|---|---|---|
| Doyenne Wealth AdvisorsChicago | $2.0B | 132 |
| Rothschild Wealth LLCOakbrook | $1.7B | 3,569 |
| Pekin Hardy Strauss, Inc.Chicago | $1.6B | 725 |
| Archford Capital Strategies, LLCSwansea | $1.5B | 774 |
| Mediqus Asset Advisors, Inc.Chicago | $1.5B | 711 |
| Fourstar Wealth Advisors, LLCChicago | $1.4B | 1,753 |
Background
Questions
How much does Urban Financial Advisory Corporation manage?
Urban Financial Advisory Corporation reports $1.5B in regulatory assets under management across 1,060 accounts, 93% of it on a discretionary basis, on its Form ADV filed September 30, 2026.
How many clients does Urban Financial Advisory Corporation have?
It reports 254 individual clients: 182 high-net-worth individuals and 72 other individuals. Individuals account for about 96% of its regulatory assets.
Where is Urban Financial Advisory Corporation headquartered?
Its main office is in Chicago, Illinois. It reports 1 office in total and 15 employees, 14 of whom perform investment advisory functions.
How does Urban Financial Advisory Corporation 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.
Is Urban Financial Advisory Corporation a hybrid RIA with a broker-dealer?
Urban Financial Advisory Corporation reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Is Urban Financial Advisory Corporation a fiduciary?
As an SEC-registered investment adviser, Urban Financial Advisory Corporation 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 Urban Financial Advisory Corporation’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 →