Urban Financial Advisory Corporation
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client AUMClient assets under management
$1,220,444,745
Clients
250
Advisors
3
across 2 offices
About
Urban Financial Advisory Corporation serves mid‑ to high‑net‑worth individuals and related entities, providing comprehensive financial planning and portfolio management on both discretionary and non‑discretionary bases. The firm also delivers tax compliance and income/estate tax planning and makes available separate legal estate‑planning services through its attorney affiliate; it has experience working with corporate retirement plans, including employees of BP plc and predecessors.
The firm’s process starts with written financial planning and projection work to determine how much of a client’s assets can be committed for the long term, using that analysis to build an investment policy that prioritizes time horizon and diversification. Implementation typically employs diversified mutual funds and ETFs for equity exposure, bonds or bond funds (and individual bonds for larger portfolios) for liability‑matching, and clients receive quarterly performance reports that also serve as ongoing policy updates.
Compared with many multi‑team advisory firms, UFAC combines investment advice with in‑house accounting expertise and access to attorney‑provided estate services — a combination that is statistically uncommon among peers. The firm operates on a fee‑based, no‑commission model, emphasizes a planning‑first, consultative approach, and applies proprietary and third‑party analytical tools to manager selection and portfolio monitoring.
Client services
Expertise
Occupation focus
Fee options
Initial portfolio set-up fee generally $1,000; fixed quarterly fees may be negotiated; extraordinary financial planning services may require additional fees quoted prior to service.
$0 - $3,000,000: 0.40% annually (or $12,000) with a quarterly billing rate of 0.10% (or $3,000) $3,000,001 - $10,000,000: 0.30% annually with a quarterly billing rate of 0.075% $10,000,001+: 0.20% annually with a quarterly billing rate of 0.05%
Account minimum: $1,000,000 (may be waived in certain circumstances) Minimum fee: $1,250 per quarter minimum fee Fee-only: Flat management fees may be negotiated, typically for more limited advisory services; initial portfolio set-up fee generally $1,000; fixed quarterly fees may be pre-negotiated.
Main office
See office33 N. La Salle St., Suite 1210
Chicago IL 60602
Advisors at this office
2
Offices (2)
Most active in
Illinois
Also doing business as
Urban Financial Advisory Corp · Urban Financial Advisory Corporation
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is active or affiliated with:
Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
Lawyer
They provide legal services, typically billed separately.
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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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.
Advisors at this firm
Andrew K
CFP®
Chicago, IL
Urban Financial Advisory Corporation
Andrew Kitay is a CFP® affiliated with Urban Financial Advisory Corporation in Chicago, IL, where he has worked since 2020. Prior to joining Urban Financial Advisory, he held positions at EY and The Ohio State University. Kitay has six years of industry experience. Urban Financial Advisory Corporation serves mid- to high-net-worth individuals and related entities, offering comprehensive financial planning, portfolio management, tax compliance, and estate tax planning services. The firm integrates investment advice with in-house accounting and access to attorney-provided estate services, operating on a fee-based model with a planning-first approach.
Steven U
CFP®, Series 65
Evanston, IL
Urban Financial Advisory Corporation
Steven Urban is a Certified Financial Planner (CFP®) with 28 years of industry experience. He has been with Urban Financial Advisory Corporation since 1990 and continues to serve as an advisor at the firm. Urban Financial Advisory Corporation serves mid- to high-net-worth individuals and related entities, providing comprehensive financial planning, portfolio management, tax compliance, and estate planning services through an affiliated attorney. The firm combines investment advice with in-house accounting expertise and access to legal estate services, operating on a fee-based, no-commission model.
Jeremy A
CFP®
Chicago, IL
Urban Financial Advisory Corporation
Jeremy Ander is a CFP® professional with 19 years of experience at Urban Financial Advisory Corporation in Chicago, IL. He has been with the firm since 2007. Urban Financial Advisory Corporation serves mid- to high-net-worth individuals and related entities, offering comprehensive financial planning, portfolio management, tax compliance, and income and estate tax planning. The firm integrates investment advice with in-house accounting and attorney-provided estate services, employing a planning-first, consultative approach with diversified investment strategies.
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