Romano Wealth Management
Registered investment adviser · Evanston, IL · CRD #3215
Form ADV data as of 2026-09-01Regulatory assets
$1.54 billion
Total accounts
2,078
Employees
16
Disclosure events
3
Firm details
- Website: http://www.romanowealth.com
- Telephone: 847-866-7700
- SEC file number: 801-27061
- Most recent Form ADV filing: 2026-02-19
- SEC record: View this firm on the SEC's IAPD site
Disciplinary disclosures
This firm reports 3 disclosure questions answered Yes, covering 3 reported events. Form ADV Item 11 covers charges and pending proceedings as well as findings, so a Yes answer is not itself a finding of wrongdoing. The underlying detail is filed with the SEC.
- SEC or CFTC found a violation of its regulations or statutes
- SEC or CFTC entered an order in connection with investment-related activity
- SEC or CFTC imposed a civil money penalty or a cease-and-desist order
Assets and accounts
| Provides continuous and regular supervisory or management services | Yes |
| Discretionary regulatory assets under management | $1.54 billion |
| Non-discretionary regulatory assets under management | $0 |
| Total regulatory assets under management | $1.54 billion |
| Discretionary accounts | 2,078 |
| Non-discretionary accounts | 0 |
| Total accounts | 2,078 |
| Regulatory assets under management attributable to non-U.S. persons | $1 |
People
| Total employees (excluding clerical) | 16 |
| Employees performing investment advisory functions (including research) | 9 |
| Employees who are registered representatives of a broker-dealer | 12 |
| Employees registered as investment adviser representatives with a state | 11 |
| Employees registered as IARs for another investment adviser | 0 |
| Employees who are licensed insurance agents | 2 |
| Firms or persons who solicit advisory clients on the firm's behalf | 0 |
Custody
| Has custody of client cash or bank accounts | No |
| Has custody of client securities | No |
| A related person has custody of client cash or bank accounts | No |
| A related person has custody of client securities | Yes |
| Client funds and securities held in a related person's custody | $21.0 million |
| Clients for whom a related person has custody | 20 |
| The firm acts as a qualified custodian | No |
| A related person acts as a qualified custodian | No |
| Number of persons acting as qualified custodians for the firm's clients | 3 |
How the firm is compensated
Advisory services offered
Other business activities
Reported conflicts of interest
Form ADV Items 8 asks advisers to disclose arrangements that may create a conflict with client interests. This firm answered Yes to:
- Buys securities from or sells securities to advisory clients (principal transactions)
- Buys or sells for itself securities it also recommends to clients
- Executes agency cross transactions involving advisory client securities
- Brokers or dealers selected under 8.C.(3) are related persons
- Recommends brokers or dealers to clients
- Brokers or dealers recommended under 8.E. are related persons
- Receives soft dollar benefits
Client types
| Type of client | Clients | Assets |
|---|---|---|
| Individuals (other than high net worth individuals) | 456 | $185.0 million |
| High net worth individuals | 478 | $1.26 billion |
| Pension and profit sharing plans (not the participants or government plans) | 13 | $23.5 million |
| Charitable organizations | 16 | $50.7 million |
| Corporations or other businesses not listed above | 6 | $19.1 million |