Factor Wealth Management fees and pricing

Published fees

Quoted from the firm's Form ADV Part 2A brochure, filed March 5, 2026. Fees can change, so confirm with the firm before you hire them.

Hourly rate

$100⁠-⁠$300/hr

“For clients that do not wish to engage Adviser to provide ongoing portfolio management or advisory services, Adviser alternatively offers financial planning services on an hourly basis between $100 and $300 per hour, payable upon completion of the financial analysis, and subject to negotiation with a client.”

Flat or project fee

$1,000⁠-⁠$5,000

“Initial retirement plan clients are charged a one-time flat fee ranging between $1,000 to $5,000 depending on the complexity of the plan.”

Read the full brochure (PDF) (opens in new tab)SEC adviser record (opens in new tab)

How Factor Wealth Management bills

Payment and refund terms, quoted from the fee section of the brochure.

• “Fees are deducted in arrears on a quarterly basis from clients’ assets and based upon the market value of such assets managed by Adviser as of the last day of the prior calendar quarter.”
• “March 05, 2026 E.​ If Adviser or client terminates the advisory agreement before the end of a quarterly billing period, Adviser’s pro rata fees earned through the effective date of the termination will be billed to the client.”

How Factor Wealth Management’s fees compare

• Its hourly rate of $100-$300 spans the Illinois median of $273. 13% of the 215 other Illinois planners that publish an hourly rate charge less.
• 7 of the 54 other planners in Chicago that publish an hourly rate charge less.
• Its flat or project fee of $1,000-$5,000 spans the Illinois median of $4,500. 33% of the 175 other Illinois planners that publish a flat or project fee charge less.
• 14 of the 41 other planners in Chicago that publish a flat or project fee charge less.

About Factor Wealth Management

• Firm size: 8 employees.
• Registered as an adviser: 1989 (37 years).

Firm details from Form ADV

How the firm is paid

Hourly fees, fixed or flat fees, percentage of assets under management

Charges a % of assets

Yes

Highest asset based fee in brochure

0.6% a year

Clients

239

Employees

8

Works with

Individuals and high net worth individuals

Services reported to regulators

Financial planning, portfolio management for individuals and small businesses, portfolio management for businesses and institutions, pension consulting, and selecting other advisers

Assets managed

$781,019,799

Registered with

U.S. Securities and Exchange Commission

Disciplinary disclosures

None reported

SEC CRD number

104708

Website

linkedin.com/company/factorwealth (opens in new tab)

Phone

(312) 644-5040

Can advise clients in 10 states: Arizona, California, Colorado, Florida, Illinois, Maryland, New Hampshire, New York, Texas, Wisconsin

Other planners in Chicago that publish fees

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• Blute Financial CoachingChicago$75/hr
• Bold Vision FinancialChicago$385/hr, $120⁠-⁠$500/mo

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