Monere Wealth Management, Inc. (Chicago)

Monere Wealth Management, Inc. is a large advisory firm based in Chicago. It manages $120 million of regulatory assets for 270 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of California, Florida, Illinois, and 5 other states.

Monere Wealth Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Monere Wealth Management: assets under management

The assets under management (AUM) of Monere Wealth Management, Inc. is $120 million. The firm's AUM has grown by 25% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $62 million in discretionary accounts and $58 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $387.5 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $527.27 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 50% of the total AUM. The second-largest asset type is investment and business development companies, which make up 37% of the firm’s portfolio. Investments in state and local bonds form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Monere Wealth Management, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients John George Bouckaert serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of John George Bouckaert is high net worth individuals with 186 clients and $85 million of assets under management. Among the 8 most similar advisory firms, Monere Wealth Management has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $120 million for 271 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Monere Wealth Management doesn't advise any private funds.

Careers at Monere Wealth Management, Inc.

The company employs 16 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 16 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

John George Bouckaert has been acting as President since 1 Oct 2014. Thomas Allen Bono joined the executive team most recently as the Owner.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
John George Bouckaert	President	1 Oct 2014	Other	26830
Andrew J. Wykretowicz	Cco	1 Oct 2014	Other	2839006
Inc. Monere Holdings	Owner	1 Oct 2014	75% - 100%	47-1058852
Arthur Farrell Harmon	Cfo	1 Nov 2014	Other	1558889
Thomas Allen Bono	Chairman & ceo	1 Aug 2015	Other	847285

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Thomas Allen Bono	Owner	1 Mar 2016	75% - 100%	847285

Based in Chicago

The principal office where Monere Wealth Management, Inc. performs its advisory services is located at 135 S Lasalle Street, Chicago, IL 60603, which is also the mailing address of the firm. An additional office of the firm is in Oak Brook, IL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 312-585-3850 or by fax 312-683-3299. The normal business hours are 8:00-16:00 on Monday - Friday.