Arete Wealth Advisors, LLC

Arete Wealth Advisors, LLC, established in 2007 and registered with the SEC since January 2009, offers professional asset management services through its wrap fee program. Clients, including individuals, pension plans, trusts, and charitable organizations, receive continuous investment management services tailored to their goals, risk tolerance, and time horizon. Arete typically requests discretionary authority from clients to manage their portfolios, including asset allocation, security selection, and transaction execution. The firm charges an asset-based wrap fee of up to 3.0% annually, covering investment advice, transaction execution, custody, and record-keeping services. Additional costs may include mutual fund charges, structured product fees, and other expenses like exchange fees and wire transfer fees. Arete utilizes Envestnet and Orion for administrative services and performance reporting. Investment strategies include long-term purchases, short sales, margin transactions, and option writing, with methods of analysis such as charting, fundamental analysis, and asset allocation. Arete does not charge performance-based fees and does not vote proxies on behalf of clients. The firm discloses disciplinary events, additional financial industry activities, and affiliations, and has a code of ethics in place to ensure compliance and integrity. Clients can request a copy of the firm's code of ethics for review.