Composure Wealth Management, LLC (Chicago)

Name: Composure Wealth Management, LLC
Address: 1540 West Nelson Street, Chicago, IL, 60657
Telephone: 773-350-5646

Composure Wealth Management, LLC is an adviser based in Chicago. It manages $30.23 million of regulatory assets for 90 client accounts. It has been registered with the SEC as an adviser since 2019 and has operated in the jurisdictions of Illinois and Texas.

Composure Wealth Management provides financial planning services, portfolio management for individuals and small businesses, and pension consulting services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Composure Wealth Management: assets under management

The assets under management (AUM) of Composure Wealth Management, LLC is $30.23 million, all of which is managed in discretionary accounts. The company doesn't manage any assets belonging to foreign clients.

The firm manages $30.23 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $335.88 thousand each.

Composure Wealth Management has custody of $7.92 million in cash and securities for 14 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 49% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 24% of the firm’s portfolio. Investments in state and local bonds form 16% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Composure Wealth Management, LLC for their services and products based on a percentage of assets under management and hourly charges. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Composure Wealth Management serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Composure Wealth Management is high net worth individuals with 11 clients and $26.26 million of assets under management. Among the 3 most similar advisory firms, Composure Wealth Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $30.23 million for 23 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.

Composure Wealth Management doesn't advise any private funds.

Careers at Composure Wealth Management, LLC

The company employs 1 person that is either a part- or full-time employee. 100 percent of the employees work as investment advisers or researchers. No 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
John Patrick Hering	Managing member and chief compliance officer	1 May 2019	75% - 100%	5715469

Based in Chicago

The principal office where Composure Wealth Management, LLC performs its advisory services is located at 1540 West Nelson Street, Chicago, IL 60657 The mailing address of the firm is 3501 N. Southport, Chicago, IL 60657. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 773-350-5646. The normal business hours are 9 am - 5pm on Monday - Friday. You can find more information about the New York firm at composurewealthmanagement.com.