Factor Wealth Management
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
About
Factor Wealth Management Ltd. serves individuals, high-net-worth clients, business entities, charitable organizations, and pension and profit-sharing plans with discretionary and non-discretionary investment management, financial planning, pension consulting, and third-party adviser selection. The firm charges asset-based advisory fees and also offers standalone financial planning and retirement-plan consulting engagements.
The firm follows a long-term, systematic, risk-based approach that emphasizes broad global diversification using no-load mutual funds, ETFs, individual stocks, corporate and municipal bonds, and U.S. government securities, with a focus on managing portfolio turnover, trading costs, and investor behavior. Notably, Adviser may implement borrowing in separately managed accounts (margin), and its fee calculations exclude outstanding margin balances and cash, a practice that is less common among peer teams.
Factor Wealth manages approximately $781 million in client assets with a four-advisor team and generally requires a $1,000,000 account minimum, reflecting a relatively large AUM concentration for a small team. Recent material changes include a legal name change from Clune & Associates to Factor Wealth Management Ltd., and the firm limits certain authorities—such as not accepting proxy voting—while using third-party custodial and advisory platforms to support its services.
Client services
Expertise
Fee options
Initial retirement plan clients charged a one-time flat fee ranging between $1,000 to $5,000 depending on plan complexity
$0 - $1,000,000: 1.00% annually $1,000,000 - $2,000,000: 0.80% annually $2,000,000 - $5,000,000: 0.60% annually $5,000,000+: 0.40% annually
$100 to $300 per hour for financial planning services
Account minimum: $1,000,000 Fee-only: Financial planning services charged hourly between $100 and $300 per hour, payable upon completion and negotiable; initial retirement plan clients charged a one-time flat fee ranging between $1,000 to $5,000
Main office
980 N Michigan Avenue, Ste 1320
Chicago IL 60611
Advisors at this office
5
Most active in
Arizona · California · Colorado · Florida · Illinois · Maryland · New Hampshire · New York · Texas · Wisconsin
Also doing business as
Clune & Associates · Clune & Associates, Ltd. · Factor Wealth Management · Factor Wealth Management Ltd.
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Quick links
Advisors at this firm
Randolph H
CFP®, CFA®, Series 63
Chicago, IL
Factor Wealth Management
Randolph Hardy is a CFP®, CFA®, and Series 63-licensed advisor at Factor Wealth Management with 21 years of industry experience. He has been with Factor Wealth Management Ltd. since 2009. The firm manages approximately $630 million for a diverse client base including individuals, high-net-worth clients, business entities, charitable organizations, and pension and profit-sharing plans. Factor Wealth Management employs a long-term, systematic investment approach focused on diversified, risk-based portfolios, offering discretionary and non-discretionary management alongside financial planning and pension consulting services.
John B
CFP®, Series 63, Series 66
Chicago, IL
Factor Wealth Management
John Burns is a CFP® with 10 years of industry experience, currently a member of the five-advisor team at Factor Wealth Management in Chicago, IL. He has been with Factor Wealth Management since 2018 and previously worked at Merrill from 2016 to 2018. Factor Wealth Management serves individuals, high-net-worth clients, business entities, charitable organizations, and pension and profit-sharing plans, offering investment management, financial planning, pension consulting, and third-party adviser selection. The firm employs a long-term, systematic, risk-based investment approach focused on broad global diversification and managing portfolio turnover and trading costs.
Ryan R
Series 63, Series 65
Chicago, IL
Factor Wealth Management
Ryan Robertson is a financial advisor with Factor Wealth Management Ltd. in Chicago, IL, holding Series 63 and Series 65 licenses. He has four years of industry experience, including prior roles at Fidelity Investments. Factor Wealth Management Ltd. serves individuals, high-net-worth clients, business entities, charitable organizations, and retirement plans, providing discretionary and non-discretionary investment management, financial planning, and pension consulting. The firm employs a long-term, systematic, risk-based investment approach focused on broad global diversification and managing portfolio turnover and trading costs.
Elena S
Series 65
Chicago, IL
Factor Wealth Management
Elena Sargent is a financial advisor at Factor Wealth Management with a Series 65 credential and industry experience totaling around 13 years. Her prior roles include positions at MGO/OneSeven, Savant Wealth Management, Brownson Rehmus & Foxworth, and Clune & Associates. Factor Wealth Management serves individuals, high-net-worth clients, business entities, charitable organizations, and pension and profit-sharing plans with investment management, financial planning, pension consulting, and third-party adviser selection. The firm employs a long-term, risk-based approach emphasizing global diversification and manages approximately $781 million in client assets.
Brett G
Series 65
Chicago, IL
Factor Wealth Management
Brett Grossman is a financial advisor at Factor Wealth Management with two years of industry experience. He holds a Series 65 designation and has previously worked at PNC Financial Services Group and other organizations. Factor Wealth Management Ltd. serves individuals, high-net-worth clients, business entities, charitable organizations, and pension and profit-sharing plans with investment management, financial planning, pension consulting, and third-party adviser selection. The firm uses a long-term, systematic, risk-based approach focused on broad global diversification and managing portfolio turnover, trading costs, and investor behavior.
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