4 Wealth Advisors, Inc. (Burr Ridge)

Name: 4 Wealth Advisors, Inc.
Address: 745 Mcclintock Drive, Burr Ridge, IL, 60527 6490
Telephone: 708-695-5300

4 Wealth Advisors, Inc. is a large advisory firm based in Burr Ridge. It manages $121.99 million of regulatory assets for 845 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Florida, Illinois, Indiana, Louisiana, and Texas.

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

4 Wealth Advisors: assets under management

The assets under management (AUM) of 4 Wealth Advisors, Inc. is $121.99 million. The firm's AUM has gone down by -1% since the beginning of its operation, and $30 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $96.07 million in discretionary accounts and $25.92 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $118.31 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $785.38 thousand.

4 Wealth Advisors has custody of $18 million in cash and securities for 95 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 46% of the total AUM. The second-largest asset type is non-exchange traded securities, which make up 20% of the firm’s portfolio. Investments in cash and cash equivalents form 15% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay 4 Wealth Advisors, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Peter Dominic Recchia serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Peter Dominic Recchia is individuals with 350 clients and $60.86 million of assets under management. Among the 8 most similar advisory firms, 4 Wealth Advisors has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $121.99 million for 396 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

4 Wealth Advisors doesn't advise any private funds.

Careers at 4 Wealth Advisors, Inc.

The company employs 8 people that are either part- or full-time employees. 75 percent of the employees work as investment advisers or researchers. 6 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Peter Dominic Recchia	President/chief compliance officer	1 Nov 2003	75% - 100%	2908442

Based in Burr Ridge

The principal office where 4 Wealth Advisors, Inc. performs its advisory services is located at 745 Mcclintock Drive, Burr Ridge, IL 60527 6490, which is also the mailing address of the firm. An additional office of the firm is in Orland Park, IL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 708-695-5300 or by fax 708-456-9130. The normal business hours are monday - friday 8:30 - 5:00 p.m. on Other. You can find more information about the New York firm at 4wealthfg.com/.